MONEY (MSM)
Amazon.com Inc (AMZN.O) could emerge as the biggest winner from one of India’s most important festive – and shopping – seasons, after the e-tailer offered steep discounts, swift delivery and even gold bars to grab market share. The month-long festive season, which began on Monday, culminates in Diwali, or the Festival of Lights, but the first nine days are considered an especially auspicious time to make big purchases. Analysts say
T-Mobile US Inc. said Friday that it is shifting its listing from the New York Stock Exchange to the Nasdaq. The change is effective on Oct. 26 after the market closes. The wireless carrier, based in Bellevue, …
Join Midday Movers live now for the latest news on the markets, the economy and the biggest stories of the day.
China sold millions in US Treasurys in a few months. Does this spell doom for the US economy?
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.
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 has beaten Apple to mobile payments in China after launching a new watch.
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,
The number of Americans submitting applications for jobless benefits unexpectedly declined last week to match the fewest in four decades.
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.