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Almost everyone this top Citi strategist talked to in Asia thinks the global...
Investors are bearish.Really bearish.Steve Englander, head of G10 FX strategy at Citi, met with clients in Asia last week and found that almost everyone was down on the global economy.Here's Englander...
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Starbucks tightens rewards program rules
LOS ANGELES (Reuters) - Starbucks Corp on Monday announced changes to its North American loyalty program that will mean some customers will have to spend more money at the coffee chain to earn free...
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Barrick to spend about $2 billion on Nevada, Peru projects
(Reuters) - Barrick Gold Corp , the world's largest gold miner, said it would spend a total of about $2 billion on projects in Nevada and Peru for construction starting 2019.The miner also said it...
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The online lending market might be telling us something troubling about the...
The online lending market might be telling us something terrible about the US economy.Or it might not.Either way, Kadhim Shubber at FT Alphaville is asking the right questions.In a post on Monday,...
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IEA: It's 'dangerous' to declare a new era of lower oil prices, but ... (USO,...
Many of the assumptions analysts had previously relied on are just not true anymore.Chief among them is a former belief that oil prices falling to twelve-year lows would lead to a spike in demand, a...
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Here's what could happen when you don't pay your student loans
Last week, seven deputy US Marshals arrested Paul Aker in Houston, Texas, after coming to his home to collect on a federal student loan from nearly 30 years ago.The arrest was over a $1,500 student...
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Brexit panic has pushed the pound to a 7-year low
The pound is getting crushed on Monday amid uncertainty about what would happen if the UK were to leave the European Union.At 2.05 p.m. GMT (9.05 a.m. ET), the pound is down 2.27% at 1.4078 – its...
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Lumber Liquidators is cratering after the CDC raised the cancer risk of the...
Lumber Liquidators Holdings Inc.'s shares tumbled on Monday after a revised US federal agency report showed people exposed to some types of the company's laminate flooring were three times as likely to...
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Markit manufacturing PMI falls to lowest level since October 2012 (USD)
Manufacturing is slipping again after an encouraging start to 2016.Markit Economics' flash manufacturing purchasing manager's index (PMI) for February came in at 51, the lowest since October 2012.But...
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Vodafone CEO talks up benefits of going Dutch with Liberty
BARCELONA (Reuters) - The chief executive of Vodafone underlined the benefits of the company's plan to work with Liberty Global in the Netherlands, an arrangement being closely watched by analysts and...
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One of Deutsche Bank's big-name trading execs is in talks to leave the bank
Chris Yoshida, the global head of rates sales at Deutsche Bank, is in talks over his future at the bank, according to people familiar with the matter.Yoshida was hired to that role in May 2014 from...
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Global markets are rallying (SPY, SPX, DJI, IXIC, QQQ, USO, WTI, OIL, VDE,...
Global markets are rallying strong on Monday. Near 10:04 a.m. ET, the major indexes were up by about 1% across the board, with the Dow up 222 points, the S&P 500 up 28 points, and the Nasdaq up 67...
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GOLDMAN SACHS: It has been a horrible start to 2016 for Wall Street
Wall Street banks have had a tough start to the year.Goldman Sachs bank analyst Richard Ramsden said in a note Monday that the first quarter could be the weakest in recent history for capital markets...
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The next 'Big Short' trade has a lot of problems
On February 11, Bloomberg reported that there is a new "Big Short"-style trade forming against subprime auto loans.According to Bloomberg, investors are starting to make bets that the record number of...
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'Be careful': Donald Trump warns billionaire Ricketts family to not fund ads...
Republican presidential frontrunner Donald Trump suggested Monday that the billionaire Ricketts family should "be careful.""I hear the Rickets family, who own the Chicago Cubs, are secretly spending...
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A hedge fund HR boss says too many young people are making this error and...
More and more young candidates for hedge fund positions aren't being completely honest on their resumés. Of course, they're getting caught, and as expected, they're not landing a job they otherwise may...
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PayPal's redesigned mobile app makes paying friends easier than ever
If you opened up the PayPal app over the weekend, then you likely noticed some changes as soon as it loaded.The online payments company has redesigned its app in reaction to the ever-increasing role of...
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IBM inks deal with VMWare, tries to bolster cloud credentials
SAN FRANCISCO (Reuters) - Computing giant IBM has expanded its partnership with VMWare , one of several initiatives it plans to announce Monday as it works to carve out a bigger role in the...
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This financial CEO showed us why Britain's housing market is 'living on the...
Britain's housing market is on fire.Prices are soaring and are expected to keep increasing for at least five to 10 years. However, Family Building Society CEO Mark Bogard told Business Insider that...
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Home prices continued to climb in December (HD, TOL)
Home prices continued to climb in December, but at a slower pace than forecast.The S&P/Case-Shiller home price index rose 0.8% compared to the prior month, and increased 5.7% year-on-year.The...
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