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Lawyers for Volkswagen shareholders file claim in Germany
LONDON (Reuters) - Law firm Quinn Emanuel has filed one of two lawsuits in Germany against Volkswagen on behalf of institutional funds over an emissions scandal in claims that could run into the...
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Futures higher as markets await Yellen comments
By Yashaswini Swamynathan(Reuters) - U.S. stock index futures were higher on Tuesday ahead of Federal Reserve Chair Janet Yellen's comments on the economy and Britain's vote on its European Union...
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Morgan Stanley just nailed one of the most ignored impacts of a potential Brexit
The majority of debate around the referendum on Britain's membership of the European Union has focused on the economic impacts on the UK and the rest of the world if there's a Brexit — a British exit...
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The yen is falling
Good morning! The Japanese yen is down by 0.7% at 104.70 per dollar as of 7:21 a.m. ET.Earlier on Tuesday, the Bank of Japan released the minutes from its April meeting.Notably, some members think that...
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Here's a super-quick guide to what traders are talking about right now (SPY,...
Via Dave Lutz at JonesTrading, here's a super-quick guide to what traders are talking about right now:Good Morning! US Futures are continuing the rally, gaining 50bp on diminishing Brexit fears as...
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United expects $3.1 billion a year from no-frills airfare, fewer delays
(Reuters) - United Continental Holdings Inc on Tuesday said it would generate billions more per year from initiatives including no-frills fares it will sell to air travelers and that a key revenue...
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THE 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...
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VW gets approval for fixes on another 1 million cars, total 3.7 million: CEO
HANOVER, Germany (Reuters) - Volkswagen has received regulatory approval for technical fixes on another 1 million diesel cars and expects the number to keep growing, Chief Executive Matthias Mueller...
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BREXIT BETTING: Vote Leave has tumbled even further
The betting odds of a Remain vote in the June 23 EU referendum continued to improve this morning — with only one day to go until the vote.Bookmaker Ladbrokes currently gives the Leave vote just a 24%...
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Wall Street isn't what it used to be
Banking is still the career of choice for a plurality of MBA students — but the percentage of those choosing it remains down from its peak.The financial training provider Training the Street has been...
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Snapchat has taken a lead in one of the most disruptive areas of tech
Imagine driving directions showing up over the road in front of you, or assembly instructions floating above the IKEA furniture you are putting together.This is the promise of augmented reality, and...
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CREDIT SUISSE: Brexit could be worse than 'Black Wednesday'
If Britain chooses to leave the EU on Thursday, it will make economic waves both in the short and medium terms.One of the most immediate effects would be a sudden drop in the value of the pound, and a...
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This is the face of the future
One of the main demographic shifts in the world is toward an aging population.In developed countries, life expectancy has increased and fertility rates have fallen, leading to countries that have a lot...
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Colombia's capital markets aren't quite as strong as its soccer team
Colombia advanced to the quarter final of Copa America last week, and looks like a contender for the final win, too. But in terms of its capital market development, it would get sent home in the...
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Why London bankers should consider moving to Frankfurt in the event of a Brexit
London's bankers should consider moving to Frankfurt, Germany, if the UK leaves the EU on June 23, according to salary benchmark site Emolument.With analysts predicting a UK banking collapse if a...
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The hedge fund at the heart of an insider-trading case is down double digits
The flagship hedge fund at Visium Asset Management, the firm at the center of an insider-trading investigation, was down double digits for the year to June 17.The healthcare-focused Visium Balanced...
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10 things you need to know before the opening bell (spy, sox, qqq, dia, scty,...
Here is what you need to know.Tesla wants to buy SolarCity. Tesla has offered to buy SolarCity for $26.50 to $28.50 a share, valuing the company at almost $3 billion. Such a deal would bring together...
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I went to a Trump rally, and it was nothing like what I expected
Despite satirizing bankers and Reagan-loving bros on Twitter, and writing a book about corruption on Wall Street and the pervasive deviance of the 1%, I'm not terribly political. But considering how...
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BREXIT POLL: One of the only groups to successfully predict the general...
SurveyMonkey poll shows swing to Remain vote on the day before the referendum.Says British voters 50% want to Remain; 47% want to Leave.But EU referendum is still too close to call.Voters have moved...
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Post-Brexit moves to Paris, Frankfurt would mean hefty pay cuts for UK...
LONDON (Reuters) - London-based bankers considering a possible relocation if Britain votes out of the European Union would suffer pay cuts of up to 80 percent if they were to move to Frankfurt or...
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