A throwaway line from Jamie Dimon shows why the fintech hype has gone too far
Jamie Dimon is not wild about fintech.While most of Wall Street is abuzz about financial technologies like blockchain and online lending, the JPMorgan CEO has adopted a more sober tone."A lot of things...
View ArticleApple should buy Uber (AAPL)
Calling Uber a Silicon Valley unicorn is passé. Uber is a $62.5 billion monster that's threatening to take down a nervous tech market.The latest news is that Uber last week accepted a $3.5 billion...
View ArticleThe nastiest feud in the airline business has reached soap-opera-worthy...
Qatar Airways' inaugural flight to Atlanta this week wasn't just the airline's first trip to the world's busiest airport. It was a foray right into the backyard of its most vocal critic.For the past...
View ArticleTHE PAYMENTS INDUSTRY EXPLAINED: The Trends Creating New Winners And Losers...
The way we pay is changing dramatically. For example, people are beginning to use their smartphones for every kind of formal and informal transaction — to shop at stores, buy songs online, and even...
View ArticleUS companies are adding debt at a historic rate
US companies have issued a staggering amount of debt, but it's not a problem.At least that's according to Adam Parker, chief equity strategist at Morgan Stanley. In a note to clients Tuesday, Parker...
View ArticleOn southwestern fringe, China's Silk Road ambitions face obstacles
By Brenda Goh and Simon WebbKUNMING, China/VIENTIANE (Reuters) - For the southwestern city of Kunming, China's plan to extend a high-speed rail link 3,000 km (1,875 miles) south to Singapore is already...
View ArticleYELLEN SPEAKS: Your complete preview of the week's big economic events
The jobs report was bad. Last Friday, the week's big headline event was a stinker, with the May jobs report showing the US economy added just 38,000 jobs in the year's fifth month, way less than...
View ArticleThe future of financial services & technology explained
We’ve entered the most profound era of change for financial services companies since the 1970s brought us index mutual funds, discount brokers and ATMs.No firm is immune from the coming disruption and...
View ArticleThis almost free item is one of the most important things you can keep in...
You get a lot of advice about what you absolutely, positively must have in your car.Most of it is spot-on; some of it is a tad excessive.You don't really need a space blanket if you aren't planning a...
View ArticleIVY ZELMAN: 'There's a shortage of shelter.' (XHB)
Ivy Zelman is clear: we're gonna need more housing.A lot more.Speaking with Barron's this week, Zelman — one of the top housing analysts around who rose to fame with a big call against homebuilders...
View ArticleAs Abenomics struggles, Japan PM pushes 'equal pay' to lift economy
By Tetsushi KajimotoTOKYO (Reuters) - When Fumiko Kasai returned to work a decade ago she found Japan's job market was very different to the one she had left in the 1980s to raise her four...
View ArticleBillionaire Steve Schwarzman has no pity for hedge funds
Hedge funds have been having a rough time recently, but billionaire Steve Schwarzman of the Blackstone Group has very little pity for them.The hedge fund industry is grappling with issues such as...
View ArticleFaraday Future is eyeing places to test its self-driving vehicles
Electric-car startup Faraday Future (FF) is taking steps to get its vehicle technology on the road.Michigan officials say FF has applied for manufacturer license plates in the state. The plates allow...
View ArticleElon Musk is making a big mistake about the Apple Car (TSLA, AAPL)
When it comes to understanding Tesla and its future, no one is better than CEO Elon Musk.But when it comes to assessing other automakers, and potential competitive threats to Tesla, he isn't as...
View ArticleTHE BLOCKCHAIN REPORT: Why the technology behind Bitcoin is seeing widespread...
Blockchain technology, which is best known for powering Bitcoin and other cryptocurrencies, is gaining steam among finance firms because of its potential to streamline processes and increase...
View ArticleShoppers' paradise lost? Singapore's malls suffer as locals, tourists curb...
By Manesha Pereira and Masayuki KitanoSINGAPORE (Reuters) - After serving only a handful of customers in five hours on a recent weekday, Sam Goh said he was worried the sportswear shop he manages, LIV...
View ArticleStumbling dollar lifts oil prices, but uptick in U.S. drilling caps gains
By Henning GloysteinSINGAPORE (Reuters) - Oil prices edged up in early trading on Monday as a plunge in the U.S.-dollar was seen spurring fuel demand, although traders said plentiful supplies capped...
View ArticleAsian shares rise, dollar nurses losses after jobs shock
By Lisa TwaroniteTOKYO (Reuters) - Asian shares rose on Monday and the dollar wallowed close to its lowest in nearly a month after U.S. nonfarm payrolls showed the slowest job growth in more than five...
View ArticleChina's Xi says important to conclude investment treaty with U.S.
BEIJING (Reuters) - Chinese President Xi Jinping said on Monday it was important to conclude a bilateral investment treaty with the United States at an early date.He was speaking at the start of...
View ArticleBlackRock agrees to sell Singapore office tower to Qatar fund for $2.5 billion
SINGAPORE (Reuters) - BlackRock Inc has agreed to sell a 43-storey office building in Singapore to Qatar Investment Authority, a sovereign wealth fund, for S$3.4 billion ($2.45 billion), in what the...
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