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MARK CUBAN: Stocks could crash 20% if Trump becomes president (SPY, SPX, QQQ)
Mark Cuban thinks stocks could collapse into a bear market if Donald Trump becomes US president. The investor and reality-TV star told CNN on Monday that stocks could fall 20% if the presumptive...
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UBS just invested in a tech startup, and it's looking to do more deals
UBS's US wealth-management business is partnering with the San Francisco-based robo-adviser SigFig.Robo-advisers use software to make investment-allocation decisions, and SigFig will develop "digital...
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Chipotle is facing a crisis that has nothing to do with E. coli
People are getting tired of Chipotle's menu, and that could be an even bigger problem for the company than its recent E. coli crisis.The burrito chain's sales have plunged following the E. coli scare...
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The housing crisis is great news for America
There's a part of the new housing crisis that tells us good news about the US economy.Right now, inventory levels are not enough to service potential homebuyers in many markets.This imbalance has...
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Goldman Sachs downgraded stocks all over the world (SPY, SPX, QQQ)
Goldman Sachs doesn't find stocks appealing anymore.In a note Tuesday, the firm downgraded equities to "Neutral" over the next year."Until we see sustained earnings growth, equities do not look...
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To halt smartphone slide, Samsung rewrites playbook
By Se Young LeeSEOUL (Reuters) - From the way it chooses smartphone components to the models it brings to market, Samsung Electronics has undergone a painful process of breaking from its past to...
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UK advisers struggling with Chinese stock listings: survey
By Alasdair Pal and Patrick GrahamLONDON (Reuters) - Almost two-thirds of the advisory firms who assist in stock exchange listings in London say they are struggling to guide Chinese firms through the...
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Australia watchdog appeals fine on Reckitt Benckiser as too light
MELBOURNE (Reuters) - Australia's competition watchdog on Monday filed an appeal against the A$1.7 million ($1.2 million) fine a court ordered British consumer goods giant Reckitt Benckiser pay for...
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Here's why Uber is getting killed in China
The transportation war has become increasingly brutal in China, with Uber playing catch up since its launch there in 2013.Uber logged only 1 million daily rides in China in 2015. Didi Chuxing said it...
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Nigeria is headed for a 'full-blown economic crisis'
Nigeria's economic crisis is getting worse.On Friday, the Nigerian Bureau of Statistics revealed that the economy shrank by 0.4% in the first quarter year-over-year — which was way worse than...
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Robo-advisor MoneyFarm tries an interesting strategy to attract new customers
This story was delivered to BI Intelligence "Fintech Briefing" subscribers. To learn more and subscribe, please click here.Robo-advisor MoneyFarm has taken an unusual approach, but it could prove...
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Columbia law professor shreds the 'don't ask, don't tell' code of insider...
Columbia Law School professor John C. Coffee Jr. wrote a blunt condemnation of US laws around insider trading.In the editorial, published on Monday in The New York Times, Coffee says that the US has...
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These will be the up-and-coming neighborhoods in 30 major US cities in 2016
In the market for a home?If yes, then you may want to consider looking in the hottest neighborhoods out there, where your home value could continue to grow over the next several decades.Real-estate...
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Kris Jenner's $105,000-a-year business school allegedly has a troubled past
The matriarch of the Kardashian family empire has a new venture, and it reportedly has a questionable past.Kris Jenner is the face and chairwoman of the new Legacy Business School, a “new kind of...
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French unions to strike at Exxon Mobil's Port Jerome refinery
PARIS (Reuters) - Oil sector workers of French hardline CGT and FO unions voted on Monday to start a strike at Exxon Mobil's 240,000 barrel-per-day Port Jerome refinery in northern France on Tuesday...
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STOCKS GO NOWHERE: Here's what you need to know
Stocks started the week with, as we like to say, an "aggressively unchanged" day with only the S&P 500 moving more than 0.2% on the day. First, the scoreboard:Dow: 17,492.9, -8, (-0.05%)S&P...
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The dollar is just getting warmed up
After a rough few months, the US dollar has started to bounce back against major currencies.The dollar index, which tracks the greenback against a basket of currencies, is up about 3% since early May,...
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U.S. ability to police 'shadow banking' under threat: senator
WASHINGTON (Reuters) - Recent moves in the U.S. Congress and courts could defang the country's overarching financial regulatory council when it comes to policing "shadow banking," the most powerful...
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Daymond John reveals what he learned from losing $750,000 on the first season...
When reality-show producer Mark Burnett called FUBU founder Daymond John in 2008 to ask him if he wanted to be an investor on his upcoming show "Shark Tank," John had previously only worked within the...
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Toyota recalls 1.6 million U.S. vehicles for Takata air bags
WASHINGTON (Reuters) - Toyota Motor Corp <7203.T> said on Monday it will recall almost 1.6 million additional U.S. vehicles for front passenger side Takata air bag inflators that could...
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