FINANCIAL NEWS

Banks shouldn’t give up on pot banking just yet

AMERICAN BANKER - Thu, 01/18/2018 - 15:43
Financial institutions are facing considerable uncertainty following the Department of Justice’s decision to rescind Obama-era guidance for the legal marijuana business, but there are steps they can take to reduce their risks.
Categories: FINANCIAL NEWS

Amazon Narrows Choices for Second Headquarters to 20

WALL STREET JOURNAL - US. BUSINESS NEWS - Thu, 01/18/2018 - 15:36
Amazon named 20 metropolitan areas as finalists for its second headquarters after reviewing 238 proposals from across the U.S., Canada and Mexico. New York, Chicago, Columbus, Ohio, and Indianapolis are among the choices.
Categories: FINANCIAL NEWS

China's Robust Growth to Face Pressure in 2018

WALL STREET JOURNAL - US. BUSINESS NEWS - Thu, 01/18/2018 - 15:27
China’s economic growth accelerated for the first time in seven years last year, reaching 6.9% on rising demand. But the expansion’s key drivers, from investment to consumption, appear to be weakening.
Categories: FINANCIAL NEWS

Big banks slashed 8,000 more jobs before tax-cut windfall

AMERICAN BANKER - Thu, 01/18/2018 - 15:27
America's biggest banks just spent a week regaling shareholders about brighter days ahead, when tax cuts add billions of dollars to the firms' annual profits. About 8,000 people are getting left behind.
Categories: FINANCIAL NEWS

M&T's 4Q earnings dip due to $50M donation honoring late CEO

AMERICAN BANKER - Thu, 01/18/2018 - 15:27
The Buffalo-based company donated a record $50 million to its charitable foundation to honor its former CEO Robert Wilmers, who passed away late in 2017.
Categories: FINANCIAL NEWS

Big banks slashed 8,000 more jobs before tax-cut windfall

AMERICAN BANKER - Thu, 01/18/2018 - 15:11
America's biggest banks just spent a week regaling shareholders about brighter days ahead, when tax cuts add billions of dollars to the firms' annual profits. About 8,000 people are getting left behind.
Categories: FINANCIAL NEWS

Citi Ventures has an eye to future with new internships

AMERICAN BANKER - Thu, 01/18/2018 - 15:11
The bank’s innovation unit hopes some of the students it takes in from 12 universities including Columbia, NYU and Texas will end up working at Citi someday or creating startups it can partner with.
Categories: FINANCIAL NEWS

Mission-driven Varo Money secures $45 million from investors

AMERICAN BANKER - Thu, 01/18/2018 - 15:11
U2 lead singer Bono is among the latest to support the ambitious mobile-only fintech startup, which applied for a national bank charter in July.
Categories: FINANCIAL NEWS

Streaming TV's Drop-In, Drop-Out Problem

WALL STREET JOURNAL - US. BUSINESS NEWS - Thu, 01/18/2018 - 15:10
As they court a generation of cable TV cord-cutters, streaming services are making it easy for subscribers to come and go as they please. But the risk is that the flexibility will lead to a higher level of service cancellations, or “churn,” than in traditional TV.
Categories: FINANCIAL NEWS

Unlikely partnerships are shaping car industry

FINANCIAL TIMES - Thu, 01/18/2018 - 15:06
Pizza, ride-hailing and tech groups companies team up to explore business avenues
Categories: FINANCIAL NEWS

Bitcoin challenger’s 36,000% rise unnerves banking sector

FINANCIAL TIMES - Thu, 01/18/2018 - 14:59
Volatility of payment settlement group Ripple’s cryptocurrency raises questions
Categories: FINANCIAL NEWS

Nintendo combines consoles with cardboard toys

FINANCIAL TIMES - Thu, 01/18/2018 - 14:53
Group introduces DIY toys for use with its Switch console to target younger demographic
Categories: FINANCIAL NEWS

Wyndham to Buy La Quinta Hotels in $1.95 Billion Deal

WALL STREET JOURNAL - US. BUSINESS NEWS - Thu, 01/18/2018 - 14:52
The La Quinta purchase would add 900 hotels to Wyndham’s portfolio.
Categories: FINANCIAL NEWS

U.S. Jobless Claims Fell to Near 45-Year Low

WALL STREET JOURNAL - US. BUSINESS NEWS - Thu, 01/18/2018 - 14:35
The number of Americans filing applications for new unemployment benefits fell last week to the lowest level in nearly 45 years, a sign the labor market is beginning 2018 with strong momentum.
Categories: FINANCIAL NEWS

U.S. Housing Starts Dropped Sharply at the End of 2017

WALL STREET JOURNAL - US. BUSINESS NEWS - Thu, 01/18/2018 - 14:33
U.S. housing starts fell sharply in December, but still capped a solid year of new single-family home construction.
Categories: FINANCIAL NEWS

Weidmann links EU migration to German pay pressure

FINANCIAL TIMES - Thu, 01/18/2018 - 14:28
Bundesbank chief intervenes after unions start to push for wage increases
Categories: FINANCIAL NEWS

Morgan Stanley's profits fall 59 percent due to tax bill

AP Business - Thu, 01/18/2018 - 14:22
NEW YORK (AP) -- Morgan Stanley's earnings fell 59 percent in the fourth quarter, the company said Thursday, as the investment bank had to book $990 million in charges related to the new tax law....
Categories: FINANCIAL NEWS

KeyCorp chief stresses long view after 4Q earnings drop

AMERICAN BANKER - Thu, 01/18/2018 - 14:22
Merger- and tax-related charges took a bite out of fourth-quarter profits at the Cleveland company, but its CEO emphasized that a recent deal and tax reform are promising for growth.
Categories: FINANCIAL NEWS

BP Returns to a Northern Iraq Now Free of Islamic State

WALL STREET JOURNAL - US. BUSINESS NEWS - Thu, 01/18/2018 - 14:14
BP will return to northern Iraq for the first time since Islamic State swept through the region three years ago, potentially heralding a new era of stability in one of the world’s most dangerous energy-production provinces.
Categories: FINANCIAL NEWS

Pages

Subscribe to THE POLITICAL AVENUE™ aggregator - FINANCIAL NEWS