Business News

Subscribe to Business News feed Business News
Updated: 40 min 56 sec ago

The Richest 1% Now Own More Than 50% of the World's Wealth - Fortune

Tue, 11/14/2017 - 07:55

Fortune

The Richest 1% Now Own More Than 50% of the World's Wealth
Fortune
The richest 1% now owns more than half of all the world's household wealth, according to analysts at Credit Suisse. And they say inequality is only going to get worse over the coming years, with millennials having a particularly tough time. The Swiss ...
Millionaire Bankers Feel Sorry for Struggling MillennialsBloomberg
Credit Suisse fined $135m for New York forex investigationCity A.M.
Singapore in top 10 in terms of average wealth per adultThe Business Times
HITC -The Guardian -RT -Wall Street Journal
all 35 news articles »

Wholesale Prices in US Rose More Than Forecast in October - Bloomberg

Tue, 11/14/2017 - 07:45

Bloomberg

Wholesale Prices in US Rose More Than Forecast in October
Bloomberg
U.S. wholesale prices advanced more than forecast in October, boosted by higher margins at fuel retailers, a Labor Department report showed Tuesday in Washington. Compared with a year earlier, producer prices rose the most in more than five years.
Services push factory gate inflation higher in OctoberDIGITALLOOK
Gold Remains Under Pressure Following 0.4% Rise In US PPIKitco News
US producer prices up 0.4%Stock Market Wire

all 12 news articles »

Hyperloop firm Arrivo to create 200 mph traffic-busting tubes in downtown Denver - USA TODAY

Tue, 11/14/2017 - 07:19

USA TODAY

Hyperloop firm Arrivo to create 200 mph traffic-busting tubes in downtown Denver
USA TODAY
Colorado drivers may be the first to escape traffic due to a new partnership between state officials and a Los Angeles-based hyperloop tech company. Arrivo founder Brogan BamBrogan joined Colorado transportation officials leaders in Denver Tuesday to ...
Hyperloop Startup Arrivo Has Plans For High-Speed Colorado Tube Train NetworkForbes
Startup Arrivo Will Build Test Track for Tube-Encased SupertrainsBloomberg
Brogan BamBrogan Is Taking the Hyperloop to ColoradoWIRED
Westword -The Denver Channel -FOX31 Denver -The Denver Post
all 13 news articles »

BOND REPORT: 2-year Treasury Yield Hovers Near 9-year High As Wall Street Braces For Higher Rates - Fox Business

Tue, 11/14/2017 - 07:12

BOND REPORT: 2-year Treasury Yield Hovers Near 9-year High As Wall Street Braces For Higher Rates
Fox Business
U.S. Treasurys stabilized on Tuesday, with short-dated yields holding near a nine-year high, suggesting that the outlook for a rate increase in coming weeks from the Federal Reserve has firmed for investors. Continue Reading Below. Traders also ...

and more »

Home Depot same-store sales crush Wall Street estimates - CNBC

Tue, 11/14/2017 - 05:01

CNBC

Home Depot same-store sales crush Wall Street estimates
CNBC
Home Depot has benefited both from more sales of big-ticket items, which are priced above $900, and from an increase in the average shopper's ticket. While many retailers are struggling to grow sales, home improvement businesses such as Home Depot ...
Home Depot Lifts FY17 View Again As Q3 Tops EstimatesNasdaq
Home Depot (HD) Tops Q3 EPS by 3c; Raises OutlookStreetInsider.com
Home Depot quarterly results beat Wall St estimatesFinancial Times
Seeking Alpha -Yahoo Finance -Zacks.com
all 131 news articles »

Amazon is reportedly working on a free version of Prime Video with ads - Business Insider

Tue, 11/14/2017 - 04:27

Business Insider

Amazon is reportedly working on a free version of Prime Video with ads
Business Insider
Amazon is working on a free version of its film and TV streaming service, Prime Video, which would be supported by advertising, according to Ad Age. According to the report, Amazon is talking to TV networks, film studios, and other media firms about ...
Amazon Developing a Free, Ad-Supported Version of Prime VideoAdAge.com (blog)
Amazon Is Reportedly Bringing Ad-Supported TV to Prime Video [Updated]Gizmodo
Amazon Looks To Mount Free, Ad-Supported Version Of Prime: ReportDeadline
CNET -GeekWire -SlashGear -Investorplace.com
all 63 news articles »

Germany Puts Euro-Area Economy in Line for Best Growth in Years - Bloomberg

Tue, 11/14/2017 - 04:19

Bloomberg

Germany Puts Euro-Area Economy in Line for Best Growth in Years
Bloomberg
An employee checks a bolt component fitting on a H-class turbine on the assembly line of Siemens AG's gas turbine factory, in Berlin, Germany, on Tuesday, Feb. 2, 2016. Siemens, Europe's largest engineering company, criticized the U.K. government for ...
European markets mixed amid earnings and key data; Tesco up 6%CNBC
German growth surprise lifts euro as China subdues AsiaYahoo Finance
Euro Rides High After German GDPNasdaq
Reuters -TheStreet.com -DIGITALLOOK -Financial Times
all 64 news articles »Google News

Central bankers meet; Venezuela default; Wild Wings flying high - CNNMoney

Tue, 11/14/2017 - 04:13

CNNMoney

Central bankers meet; Venezuela default; Wild Wings flying high
CNNMoney
1. Central bank chatter: Top central bankers are appearing Tuesday at a conference in Frankfurt, Germany. The heads of the Federal Reserve, European Central Bank, Bank of England and Bank of Japan will sit on a panel that addresses "challenges and ...

and more »

German growth surprise lifts Europe as China subdues Asia - Reuters

Tue, 11/14/2017 - 03:56

Reuters

German growth surprise lifts Europe as China subdues Asia
Reuters
LONDON (Reuters) - Strong German economic growth data drove the euro to a three-week high on Tuesday and gave European stocks a lift after five days of falls put them at a two-month low. FILE PHOTO: A container ship is seen at the shipping terminal ...

and more »

Donald Trump Jr. Had Direct Contact With WikiLeaks During Campaign - NPR

Tue, 11/14/2017 - 03:50

NPR

Donald Trump Jr. Had Direct Contact With WikiLeaks During Campaign
NPR
Updated at 6:30 a.m. ET. During the 2016 presidential campaign, Donald Trump Jr. was in direct contact with WikiLeaks at the same time the muckraking website was publishing hacked emails from Democratic officials that proved damaging to the Clinton ...
What Don Jr.'s conversations with WikiLeaks proveCNN
10 Things to Know for TodayEagle-Tribune
Pence aide: VP didn't know about communications between Trump Jr., WikiLeaksThe Hill
Salon -Bloomberg -BBC News -Foreign Policy (blog)
all 206 news articles »

UK Inflation Holds at 3% as Cheaper Fuel Offsets Food Prices - Bloomberg

Tue, 11/14/2017 - 03:35

Bloomberg

UK Inflation Holds at 3% as Cheaper Fuel Offsets Food Prices
Bloomberg
U.K. inflation held at a 5 1/2-year high in October, as cheaper auto fuel offset the rising cost of food. Consumer prices rose 3 percent from a year earlier, the Office for National Statistics said on Tuesday. Economists had expected inflation to ...
UK inflation holds steady at 3%BBC News
UK inflation unexpectedly holds steady at 3 percentFox News
UK inflation holds steady at 5-year highFinancial Times
Sky News -Independent.ie -City A.M. -The Independent
all 125 news articles »

Warmer weather, rising non-OPEC output threaten oil market balance - Reuters

Tue, 11/14/2017 - 03:09

Reuters

Warmer weather, rising non-OPEC output threaten oil market balance
Reuters
LONDON (Reuters) - Global oil demand growth looks likely to increase more slowly over the coming months, as warmer temperatures cut consumption, which may tilt the market back into surplus in the first half of next year, the International Energy Agency ...
America's 'Renaissance' to Gains for Renewables: Global Energy TrendsNew York Times
US oil and gas 'resurgence' expected as global demand growsseattlepi.com
Oil-Price Recovery Threatened by Weak Demand, Says IEAWall Street Journal
BNN -Bloomberg -Financial Times -Seeking Alpha
all 38 news articles »

Amazon's AWS business is reportedly pulling out of China - TechCrunch

Tue, 11/14/2017 - 00:10

TechCrunch

Amazon's AWS business is reportedly pulling out of China
TechCrunch
It looks like Amazon is removing itself from the Chinese cloud services industry on account of stringent new data laws that went live in the country earlier this year. The U.S. company has agreed to sell its China-based web services business to Beijing ...
Update: Amazon Web Services denies reports of China exit, confirms some asset salesGeekWire
Amazon to Sell China Cloud Services Unit in $300 Million DealU.S. News & World Report
Amazon to Sell Its China Cloud-Computing BusinessWall Street Journal
Barron's -Fox Business -The Register -CNBC
all 19 news articles »Google News

Lord & Taylor will start selling on Walmart.com - TechCrunch

Mon, 11/13/2017 - 19:21

TechCrunch

Lord & Taylor will start selling on Walmart.com
TechCrunch
Walmart and Hudson's Bay-owned department store Lord & Taylor just announced an interesting partnership — Lord & Taylor will start selling its catalog of high-end fashion merchandise on Walmart.com this Spring. Of course this deal doesn't mean you'll ...
Wal-Mart strikes deal with Lord & Taylor, growing in fashion against AmazonCNBC
Amazon Plays Catch-Up in Push to Police Chemicals in ProductsBloomberg
Lord & Taylor is coming to Walmart.comCNNMoney
Arkansas Online -Nasdaq -FOX13 Memphis -USA TODAY
all 143 news articles »Google News

Softbank Goes Vertical, Horizontal With Big Uber Investment - TheStreet.com

Mon, 11/13/2017 - 18:14

TheStreet.com

Softbank Goes Vertical, Horizontal With Big Uber Investment
TheStreet.com
With Softbank Corp.'s (SFTBY) investment in Uber Technologies Inc. finally materializing, Masayoshi Son's vertical investment strategy in self-driving cars and its horizontal expansion in global ride-sharing platforms is taking shape. Softbank and ...
SoftBank says considering investment in Uber but no final agreement reachedCNBC
Equity Shot: The Uber-SoftBank deal explainedTechCrunch
Uber employees could become overnight millionaires with SoftBank dealSan Francisco Chronicle

all 20 news articles »

Senate reaches deal to cut number of systemically important banks - Reuters

Mon, 11/13/2017 - 17:03

Reuters

Senate reaches deal to cut number of systemically important banks
Reuters
WASHINGTON (Reuters) - A bipartisan group of U.S. senators said on Monday they had reached a tentative deal to cut the number of banks labeled systemically risky, in a major step forward for efforts to roll back regulations enacted following the 2008 ...
Senators reach rare bipartisan deal to ease banking rulesPolitico
Senate lawmakers strike deal to free dozens of large banks from rigorous post-crisis rulesWashington Post
Bipartisan Senate deal would curb Dodd-Frank rulesThe Hill
Bloomberg -Financial Times -Breitbart News -The Chattanoogan
all 21 news articles »

Tesla Is a 'Hotbed for Racist Behavior,' Worker Claims in Suit - Bloomberg

Mon, 11/13/2017 - 16:30

Bloomberg

Tesla Is a 'Hotbed for Racist Behavior,' Worker Claims in Suit
Bloomberg
Tesla Inc.'s production floor is a "hotbed for racist behavior," an African-American employee claimed in a lawsuit in which he alleged black workers at the electric carmaker suffer severe and pervasive harassment. The employee says he's one of more ...
Tesla just got hit with a lawsuit claiming its factory is a hotbed of racist behaviorBusiness Insider
African American employees want to sue Tesla as a group for racial harassmentWashington Post
Tesla accused of racial discrimination in lawsuitCNET
Engadget -The Root -The Daily Caller -Seeking Alpha
all 11 news articles »

Walmart just struck another deal that confirms the death of America's middle class as we know it - Markets Insider

Mon, 11/13/2017 - 16:00

Markets Insider

Walmart just struck another deal that confirms the death of America's middle class as we know it
Markets Insider
It's the latest in a series of moves by Walmart designed to attract high-income shoppers. Walmart is adding Lord & Taylor and its many designer fashion brands to its website, the companies announced Monday. The deal is the latest in a series of moves ...
Wal-Mart Seeks Upmarket Web Shoppers With Lord & Taylor ProductsBloomberg
Department stores are struggling so Lord & Taylor has agreed to start selling on Walmart.comRecode
Walmart.com and Lord & Taylor Announce Plans to Deliver Premium Fashion to CustomersBusiness Wire (press release)
Footwear News -CNBC
all 13 news articles »

Roark Capital has made an offer to buy Buffalo Wild Wings - CNBC

Mon, 11/13/2017 - 15:45

CNBC

Roark Capital has made an offer to buy Buffalo Wild Wings
CNBC
Roark Capital has made an offer to buy Buffalo Wild Wings, a source familiar with the matter told CNBC. Roark made an offer of more than $150 per share, the person told CNBC. Shares surged 28 percent after The Wall Street Journal initially reported the ...
Buffalo Wild Wings explodes 28% on report that it has received a takeover offerBusiness Insider
Buffalo Wild Wings Is Said to Get Offer From Roark CapitalBloomberg
Roark Capital Makes Offer to Buy Buffalo Wild WingsWall Street Journal
Nasdaq -Minneapolis / St. Paul Business Journal -Financial Times
all 38 news articles »

Tesla, SpaceX Director Jurvetson on Leave After Misconduct Claims - Bloomberg

Mon, 11/13/2017 - 15:08

Bloomberg

Tesla, SpaceX Director Jurvetson on Leave After Misconduct Claims
Bloomberg
Steve Jurvetson resigned from his venture capital firm DFJ and took a leave of absence from the boards of Tesla Inc. and Space Exploration Technologies Corp. after claims of misconduct against him. He denied the allegations. Jurvetson, who's known for ...
Venture capitalist Steve Jurvetson is out at DFJAxios

all 12 news articles »

Pages