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The world's biggest investor thinks the US stock market could get bumpy
Stock market investors in the US should beware of a "bumpy road" until the end of the year, according to BlackRock, which with $4 trillion under management is the world's biggest asset manager.Writing...
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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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Staples quarterly sales falls 3.7 percent
(Reuters) - Staples Inc , the No. 1 U.S. office supplies retailer, reported a 3.7 percent fall in quarterly sales, reflecting a lower store count and a strong dollar.The company's total sales fell to...
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Target's quarterly profit falls nearly 10 percent
(Reuters) - Target Corp reported a nearly 10 percent fall in quarterly profit on Wednesday, hurt by a slump in demand for apparel.Net income attributable to the Minneapolis-based retailer fell to $680...
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10 things you need to know before the opening bell (tru, csco, db, aapl,...
Here is what you need to know.Britain's job market is shrugging off Brexit, for now. Data from the Office for National Statistics showed that the number of people claiming jobless benefits in the UK...
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Russian court turns down appeal from Google in anti-monopoly case
MOSCOW (Reuters) - A Russian court on Wednesday turned down an appeal from Google in an anti-monopoly case over pre-installed applications on mobile devices running the Android operating system,...
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We're heading for a tech IPO rebound, and there's one simple reason
2016 has been a particularly slow year for initial public offerings, especially in the technology sector.The first quarter was the worst for IPOs since the depths of the financial crisis. And while...
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German fintech startups raised 80% more than British ones in the second quarter
Germany overtook Britain as the fintech funding capital of Europe in the second quarter of the year, with German startups pulling in $186 million (£142 million) compared to $103 million for British...
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An MBA isn't as important as you might think for building a career on Wall...
You might think that holding a Master of Business Administration, or MBA, is essential to building a career on Wall Street.You would be wrong.It turns out that MBA degrees are very common at the upper...
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MESSAGING APPS FOR PUBLISHERS REPORT: Why chat apps are now crucial for...
The top four messaging apps — Facebook's Messenger, WhatsApp, WeChat, and Viber — now claim nearly 3 billion monthly active users combined, narrowly outnumbering the combined active users on the...
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15 fascinating facts about North Korea
Everyone has heard a thing or two about North Korea.The country frequently makes headlines, with recent notable examples such as its support of Donald Trump and its claims about planning to travel to...
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The world's biggest sovereign wealth fund is sounding the alarm on Britain's...
Norway's Global Government Pension Fund, the biggest sovereign wealth fund in the world by assets under management, is sounding a warning about the state of the British property market in the aftermath...
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De Beers stakes its reputation on spotting the difference
By Barbara LewisMAIDENHEAD, England (Reuters) - In nature it takes billions of years to produce a diamond, or a laboratory can grow one in days and to the untrained eye, it looks the same.For De Beers,...
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Futures flat ahead of Fed minutes
By Yashaswini Swamynathan(Reuters) - U.S. stock index futures were little changed on Wednesday as investors held off from making big bets ahead of the release of the minutes of the Federal Reserve's...
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Urban Outfitters is surging after trouncing expectations for earnings and...
Urban Outfitters shares jumped 11% in premarket trading on Wednesday after the company reported earnings and sales that were better than analysts expected.The apparel retailer on Tuesday said it earned...
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Lowe's sinks after sales miss expectations (LOW)
Lowe's Cos Inc reported lower-than-expected quarterly comparable sales on Wednesday.Its shares fell 5% in premarket trading. Sales at Lowe's stores open more than 13 months rose 2 percent, below the...
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The Aussie dollar is tumbling
The Australian dollar is tumbling.The currency is down by 0.8% at .7635 per dollar as of 7:51 a.m. ET.Separately, RBA governor Glenn Stevens told The Australian in an interview why investors are still...
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TARGET: We're planning for a 'challenging environment'
Target reported stronger than expected earnings on Wednesday morning, but presented a more downbeat outlook for the rest of the year.The big box retailer reported adjusted earnings per share of $1.23,...
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NY Fed, Bangladesh central bank to resume normal money transfers: sources
By Krishna N. Das and Serajul Quadir(Reuters) - The Federal Reserve Bank of New York and Bangladesh's central bank have agreed to withdraw additional payment security measures put in place after one of...
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'The weather' is a good excuse only when it's not an excuse
CEOs, investors, and economists love to blame the weather.Here's a short sample of excuses from the past several quarters alone:Bank of America Merrill Lynch said the warmer-than-average October last...
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