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Oil prices fall on U.S. crude inventory build, record Saudi output
By Henning GloysteinSINGAPORE (Reuters) - Oil prices fell early on Thursday as a build in U.S. crude inventories and record Saudi Arabian production weighed on markets.U.S. West Texas Intermediate...
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There's finally a tiny bit of good news for the 40 million Americans with...
Finally, there's a least a small piece of good news about student debt.According to the New York Federal Reserve's "Quarterly Report on Household Debt and Credit," the total student-debt load in...
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EMV debit migration continues to lag
This story was delivered to BI Intelligence "Payments Briefing" subscribers. To learn more and subscribe, please click here.Almost a year out after liability for in-store fraud involving payment cards...
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Robo-advisors have a $2 trillion opportunity in front of them
The creation of a portfolio with sustainable investments can be both time consuming and complicated, and the management of those portfolios often carry fees of approximately 1%.Sustainable investments...
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'Bad news' for millions of American borrowers
The Federal Reserve's Open Markets Committee seemed to signal when it hiked rates in December that interest rates were heading northward for the first time since the financial crisis.In the seven...
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Google Ventures CEO Bill Maris quits: Recode
(Reuters) - Bill Maris, the chief executive and founder of Alphabet Inc's venture capital arm GV, is leaving the company, Recode reported, citing sources.Maris, who leaves on Friday, will be replaced...
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IBM's Watson won Jeopardy, but can it win business from banks?
By Olivia OranNEW YORK (Reuters) - International Business Machines Corp is in an unusual fix in telling big U.S. banks they can use its Watson software of Jeopardy-winning fame as a cost-saving...
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Here's proof that Saudi Arabia doesn't care about killing oil prices — only...
There is proof that Saudi Arabia is more interested in trying to kill competition in the oil industry at the expense of cratering oil prices — its oil production just hit a record high.The country said...
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Venezuela's president hopes the 'Jesus Christ of economics' can fix the...
While Venezuela grapples with an economic and political meltdown, President Nicolas Maduro has turned to an unlikely candidate for economic guidance.The Wall Street Journal's Anatoly Kurmanaev and...
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The 10 most important things in the world right now
Hello! Here's what you need to know on Thursday.1. US Republican presidential nominee Donald Trump called President Barack Obama the "founder of ISIS" at a campaign rally. The Trump campaign has...
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10 things you need to know in markets today
Good morning! Here's what you need to know in markets on Thursday. The Reserve Bank of New Zealand cut interest rates.RBNZ cut rates by 25 basis points at the conclusion of its August monetary policy...
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Brexit is threatening to eradicate Britain's pension payouts
Britain's pension industry could find itself in difficulty because its key asset holdings – government bonds – have negative yields. Pension funds, the money that is invested to make returns for...
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The secret to OnDeck's origination success (ONDK)
This story was delivered to BI Intelligence "Fintech Briefing" subscribers. To learn more and subscribe, please click here.Small business alternative lender OnDeck had a strong second quarter, boasting...
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BREXIT FALLOUT: House sales fall to 2008 financial crisis levels
Home sales fell in July, with Brexit uncertainty blamed for the sharpest decline since the 2008 financial crisis.The number of new buyers seeking homes dropped in July for the fourth consecutive month,...
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Here's one key difference between blockchain and the Internet
This story was delivered to BI Intelligence "Fintech Briefing" subscribers. To learn more and subscribe, please click here.When it comes to Internet technologies, most of the value is distributed at...
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This map shows which EU countries buy the most British stuff
Credit Suisse has produced a handy graphic showing which European Union members buy the most British-made goods.The size of each pie chart represents the total monetary value of British exports to each...
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Transferwise's new banking partner was fined £1.3 million for 'inadequate...
TransferWise's new banking partner was fined £1.3 million by a British regulator for what the regulator described as "inadequate oversight and control over its regulatory capital position."Raphaels, a...
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LABOUR LEADERSHIP BETTING: Owen Smith's odds are even worse after Ed...
Owen Smith's chances of beating Jeremy Corbyn in the upcoming Labour leadership election have crumbled — even after Ed Miliband gave a public endorsement on Monday.Most bookmakers placed Smith's odds...
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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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Fintech could be bigger than ATMs, PayPal, and Bitcoin combined
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...
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