Dutch bank ING thrives in Germany with zero-fee, online-only accounts Dutch bank ING thrives in Germany with zero-fee, online-only accounts: To find a bank that is thriving in Germany’s troubled banking sector, look no further than ING of the Netherlands, which is upending German tradition with a radical online-only, no-frills […]
Current Business Updates in USA.
After a long drought, bear market funds attract buyers After a long drought, bear market funds attract buyers: Bearish stock investors are slowly coming out of hibernation, as money has begun to move into funds that aim to profit when markets dive. U.S. mutual funds that attempt to profit in […]
Stocks, dollar extend slide as U.S., North Korea tensions intensify Stocks, dollar extend slide as U.S., North Korea tensions intensify: Asian equity markets extended a global slide on Friday as tensions ramped up between the United States and North Korea, sending investors fleeing to less risky assets such the yen, […]
Shorting the short Investors bet against Icahn’s oil refiner after biofuel trade Shorting the short Investors bet against Icahn’s oil refiner after biofuel trade: Investors have built up a large short position in investor Carl Icahn’s oil refining company, CVR Energy (CVI.N), in the past three months, according to Reuters […]
Disney pays at least $177 million to settle ‘pink slime’ case Disney pays at least $177 million to settle ‘pink slime’ case: Walt Disney Co paid $177 million, in addition to insurance recoveries, to settle the closely watched “pink slime” defamation case against its ABC network by Beef Products Inc., […]
Oil slides as output rises at Libya’s largest oil field Oil slides as output rises at Libya’s largest oil field: Oil prices fell as much as 2 percent on Monday on selling triggered by a rebound in production from Libya’s largest oil field, along with worries about higher output from […]
Strong U.S. jobs report bolsters case for further Fed tightening Strong U.S. jobs report bolsters case for further Fed tightening: U.S. employers hired more workers than expected in July and raised their wages, signs of labor market tightness that likely clears the way for the Federal Reserve to announce a […]
Stocks slip as Wall Street eases, dovish BoE hits sterling Stocks slip as Wall Street eases, dovish BoE hits sterling: A gauge of world stocks declined as Wall Street dipped on Thursday, although European shares rallied, while sterling hit a nine-month low against the euro after the Bank of England’s […]
S&P 500 dented by earnings; Dow hits record high S&P 500 dented by earnings; Dow hits record high: The S&P 500 slipped on Friday on negative reactions to earnings reports from high-profile names such as Amazon, Exxon and Starbucks and a drop in shares of tobacco companies. The Dow industrials, […]
Starbucks puts spotlight on China as U.S. growth cools Starbucks puts spotlight on China as U.S. growth cools: Starbucks Corp’s (SBUX.O) new chief executive said the world’s biggest coffee chain is making a long-term investment in China, amid worries that growth from its dominant U.S. market is cooling. Kevin Johnson, who […]
