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THE FINTECH REGULATION REPORT: How European regulators are creating fertile...
Financial technology — known more commonly as fintech — is attracting a lot of attention globally. Fintech companies provide technologies that aim to disrupt the financial services industry by making...
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A star investor is launching a new hedge fund with the backing of his $3...
A star investor at a $3 billion hedge fund is going it alone with the backing of his former employer.Joe Cornell, a managing director at Chilton Investment Co., has left to launch an equity fund making...
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Wall Street has given up on Yahoo's turnaround (YHOO)
Yahoo reported its second-quarter earnings Monday, and as expected Wall Street is not too impressed.Most of the analyst notes in reaction shared concerns over Yahoo's deteriorating business. The...
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WHITE HOUSE: Student debt is good for the economy
President Barack Obama's top economists think that you have the explosion in student debt all wrong.The massive increase in student debt has caused quite a bit of worry from economists concerned that...
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A tiny clarification on the most positive thing Bill Ackman said during his...
On Wednesday, Bill Ackman held a quarterly conference call for investors in his fund, Pershing Square.And since his private funds are down 14% year to date and Pershing Square Holdings is down 18%, he...
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Citigroup's Banamex names new top executives
MEXICO CITY (Reuters) - Citigroup's Mexico Unit on Wednesday named Valentin Diez Morodo as the new non-executive Chairman of Grupo Financiero Banamex from November 15.Diez Morodo will replace Manuel...
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Platinum Partners hires monitor for hedge fund liquidation - investor letter
By Lawrence Delevingne(Reuters) - Platinum Partners, the hedge fund firm that was raided by federal agents in June, has appointed an independent monitor to oversee the liquidation of its main funds,...
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The hedge fund at the heart of an insider-trading scandal is winding down a...
A big hedge fund transaction is hanging in the balance.Visium Asset Management, a hedge fund at the heart of an insider-trading scandal that has outlined plans to shut down, in June inked a deal to...
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Goldman Sachs under spotlight in Malaysian fund scandal
NEW YORK (Reuters) - Goldman Sachs' work with Malaysian sovereign wealth fund 1MDB is under the spotlight over U.S. government allegations that billions of dollars were diverted for the personal use of...
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STOCKS HIT ALL-TIME HIGHS: Here's what you need to know (SPY, SPX, DJI, IXIC,...
The Dow Jones Industrial Average closed at a record high for a seventh straight session on Wednesday, as the S&P 500 also clinched a new closing record.Additionally, the Dow achieved a rare thing:...
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Costco just handed American Express a huge quarter (AXP, COST)
American Express on Wednesday reported second-quarter earnings that beat analysts' expectations.The financial services company's 37% jump in year-on-year profits was possible in part because of the...
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Intel's most important business is slowing down, stock drops (INTC)
Intel just reported its second quarter earnings after the bell on Wednesday afternoon.It's a beat on earnings and a match on revenues. But it reported another slow down in its data center group, which...
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The Dow just closed up for the 9th day in a row — here's what happens next
The stock market has hit a lot of records lately: all-time highs for the Dow Jones Industrial Average and for the S&P 500, with even the bond market making history (record-high prices and...
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Intel's quarterly revenue rises 2.6 percent
(Reuters) - Intel Corp reported a 2.6 percent rise in quarterly revenue, boosted by strong sales of its microchips that power data centers and Internet-connected devices.The world's largest chipmaker,...
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American Express quarterly profit jumps 37 percent
(Reuters) - Credit card issuer American Express Co reported a 37 percent rise in quarterly profit, driven by higher spending by its customers and lower expenses due to a sale of its loan portfolio.Net...
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Venezuela's looming economic catastrophe, in one graphic
There are a lot of stats you can cite to describe the dysfunction gripping Venezuela at the moment.Almost 90% of the country says their incomes are insufficient to meet their food needs. Auto...
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Elon Musk is about to reveal his 'top secret master plan,' and this is what...
Tesla CEO Elon Musk has been teasing the world for a few weeks now about an update to what he's been calling Tesla's "top secret master plan" (TSMP).At least, he's been calling it that since the reveal...
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Morgan Stanley CEO Gorman says he has 'no clue' on Brexit impact
By Olivia Oran(Reuters) - Morgan Stanley Chief Executive James Gorman said on Wednesday he has "no clue" how the bank should allocate employees in Europe following Britain's vote to leave the European...
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This finance trend is so hot even Amazon wants in (AMZN)
This story was delivered to BI Intelligence "Payments Industry Insider" subscribers. To learn more and subscribe, please click here.The arrival of the age of fintech is about to shake up the financial...
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Wall Street loves Microsoft again because this key statistic isn't shrinking...
Microsoft shares are up around 5.5% the day after the company announced a solid all-around fourth quarter for fiscal year 2016 that beat on both earnings and revenue. That's a good sign for Microsoft:...
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