Month: September 2018

Goldman Sachs is in advanced talks with several financial companies to spin off ‘Simon’, its three-year-old app that sells financial products to retail investors, the Wall Street Journal reported on Wednesday, citing people familiar with the matter.

…read more […]

The S&P 500 and the Dow Jones Industrials Average rose on Wednesday, as bank stocks gained on rising Treasury yields, while a drop in Microsoft pressured the Nasdaq.

…read more […]

John Hancock, one of the oldest and largest North American life insurers, will stop underwriting traditional life insurance and instead sell only interactive policies that track fitness and health data through wearable devices and smartphones, the company said on Wednesday.

…read more […]

EU regulators are quizzing merchants and others on U.S. online retailer Amazon’s use of their data to discover whether there is a need for action, Europe’s antitrust chief said on Wednesday.

…read more […]

U.S. stocks opened higher on Wednesday, as investors brushed aside the latest blows in Washington and Beijing’s trade war.

…read more […]

Tencent Music Entertainment Group, China’s biggest music-streaming company, is seeking to raise about $2 billion in a U.S. listing, according to three people close to the deal, down from the up to $4 billion that had been touted earlier.

…read more […]

U.S. stock markets were on course to dip at opening on Wednesday, as the focus shifted away from a trade spat with China to rising Treasury yields.

…read more […]

AutoNation Inc’s longtime Chief Executive Officer Mike Jackson will step down from the role next year but remain executive chairman until 2021, the largest U.S. auto retail chain said on Wednesday.

…read more […]

Mars Wrigley Confectionery launched a new sustainability strategy on Wednesday with the aim of combating deforestation, child labor and poverty in what it called the “broken” cocoa supply chain.

…read more […]

China will not stoop to competitive devaluation of its currency, Premier Li Keqiang stressed, hours after China hit back, with a softer punch than the one landed by the United States, in an escalating tariff war between the world’s largest economies.

…read more […]