Wells Fargos New CEO Faces an Immediate Test on Friday Tim Sloan is taking the reins after John Stumpf stepped down on Wednesday. Tim Sloan will not have much time to prepare his pitch for Wall Street. The newly installed chief executive of Wells Fargo will present third-quarter results on […]
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Business
Hanjin shares jump 25% as US assets go on sale Hanjin shares jump 25% as US assets go on sale:- Shares in Hanjin Shipping have surged on the news that the process to sell its US assets will begin on Friday. Hanjin’s shares jumped as much as 25% following the […]
Europe Stocks Little Changed as Miners Offset Banking Losses Europe Stocks Little Changed as Miners Offset Banking Losses: –European shares pared losses to trade little changed as gains in miners offset a decline in banks led by Deutsche Bank AG. Germany’s biggest bank fell 1.9 percent as people familiar with […]
German Exports, Imports Recover in August After July Slump German Exports, Imports Recover in August After July Slump:-Â German imports and exports rebounded decisively in August after an unexpected slump in July in the latest set of data to reassure investors about the country’s third-quarter growth outlook. Provisional figures from the […]
Mexican peso rises after Trump-Clinton debate, pound falls again Mexican peso rises after Trump-Clinton debate, pound falls again:- Sterling fell again on Monday, after largely recovering from Friday’s “flash crash”, while the Mexican peso and U.S. stock futures rose as investors saw less chance of Republican nominee Donald Trump winning […]
A record number of the U.S. billionaires are immigrants A record number of the U.S. billionaires are immigrants : A friend of mine whose family emigrated from Argentina to the United States when he was a kid recently told me he could never have built his small business back home […]
Salesforce CEO on Twitter acquisition: ‘We look at everything, but pass on most’ Salesforce CEO on Twitter acquisition: ‘We look at everything, but pass on most’ : Twitter is in trouble, and customer relations company Salesforce has emerged as a possible buyer. When asked about rumors of an acquisition yesterday, […]
Prepaid Debit Cards Users Will Get New Federal Protections Prepaid Debit Cards Users Will Get New Federal Protections : Prepaid debit cards are a financial lifeline for many people, but a risky one. They lack many of the basic consumer protections that credit cards and bank debit cards are required […]
Texas oil company announces big offshore Alaska discovery Texas oil company announces big offshore Alaska discovery : A Texas petroleum drilling company announced Tuesday it has made a large-scale oil discovery off Alaska’s North Slope. Dallas-based Caelus Energy Alaska LLC announced a find of 6 billion barrels of light oil […]
Pound tumbles to 31-year low, Deutsche Bank bounces Pound tumbles to 31-year low, Deutsche Bank bounces:- Britain’s pound slumped to a three-decade low on Tuesday as its Brexit worries were compounded by a revitalized dollar, boosted by resurgent U.S. interest rate hike expectations. Sterling dropped to its weakest since 1985, […]
