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What China selling US Treasurys really means
China sold millions in US Treasurys in a few months. Does this spell doom for the US economy?
What Bubble? The Unicorn Boom Has Just Begun
Bubble? Hardly. Yes, many $1 billion startups are overvalued. But when viewed together and weighed against the first dot-com boom, they still represent a blockbuster investing moment.
Fed faces checklist of hurdles for a December rate hike
What hurdles must the U.S. economy surmount over the next two months in order for policy makers to justify a rate hike at the following meeting in December? Jeremy Lawson, chief economist at Standard Life Investments, has a checklist in mind.
Swatch beats Apple to mobile pay in China
Swatch has beaten Apple to mobile payments in China after launching a new watch.
Citigroup profit soars as lower costs trump revenue fall
Citi’s legal and related costs plunged to $376 million in the third quarter from $1.6 billion a year earlier, with the lender, under Chief Executive Michael Corbat, putting most of the problems stemming from the financial crisis behind it. U.S. banks including Citi, JPMorgan Chase & Co (JPM.N) and Bank of America Corp (BAC.N) are cutting costs to boost earnings as overnight fund rates stay near zero and fixed-income trading,
Jobless claims decrease to match lowest level since 1973
The number of Americans submitting applications for jobless benefits unexpectedly declined last week to match the fewest in four decades.
Wal-Mart's gets crushed. Here's what Wall St. has to say about it
Retail giant Wal-Mart saw its stock fall 10 percent on Wednesday after saying earnings will decrease by 6 percent to 12 percent in the fiscal year ending January 2017.
U.S., Alaska end quest for damages against Exxon over 1989 spill
U.S. and Alaskan authorities have ended their efforts to seek additional damages from Exxon Mobil Corp over the 1989 Exxon Valdez oil spill and the subsequent settlement, the Department of Justice said on Thursday. Alaska Attorney General Craig Richards said in the statement that although officials were not pursuing the additional damages, authorities will consider alternatives for dealing with lingering oil sites.
Goldman profit plunges as market turmoil hits bond trading
Revenue fell in all of the bank’s major businesses except investment banking, which benefited from a surge in takeovers.The results are the latest example of how the grim trading environment is gutting Wall Street. “We experienced lower levels of activity and declining asset prices during the quarter, reflecting renewed concerns about global economic growth,” Chief Executive Lloyd Blankfein said in a statement on Thursday. Goldman, which released its results through