Business News
Wall Street opens lower as trade jitters weigh
U.S. stocks opened lower on Tuesday, weighed down by fears over the escalating trade spat between the United States and China.
Month: September 2018
Business News
Rebuilding lives, 10 years after Lehman’s fall
It is an image that became a symbol of the global financial crisis — about 20 bankers, their backs turned to the window, attending an emergency meeting at the London office of Lehman Brothers as the firm slid toward collapse.
Trading Ideas
There's More to Sonos' Rough Quarter Than Meets the Ear
The pioneer of wireless high-end multiroom speakers sees sales decline in its first quarter as a public company, but it’s not the end of the world. …read more […]
Business News
HSBC whistleblower defends tax leak as he fights extradition
A whistleblower fighting extradition to Switzerland for leaking details of thousands of clients of HSBC’s private bank there said on Tuesday his actions had played a key role in helping other European countries uncover tax frauds.
Business News
Ten years after Lehman, spotting the next crisis: McGeever
As financial market participants reflect on the 10th anniversary of Lehman Brothers’ collapse, the consensus is there will be no repeat of the near-death experience, largely because authorities simply will not allow it.
Business News
JPMorgan to create wealth management unit in Luxembourg
JPMorgan Chase & Co said on Tuesday it will establish a wealth management business in Luxembourg and boost offerings at its investment banking and custody and fund businesses.
Trading Ideas
Musk says Tesla to drop some color options for cars to simplify production
Tesla currently offers seven colors for its vehicles that include top variant Model S, mid level Model X and its most affordable sedan Model 3. The company is trying to iron out production bumps after struggling to produce Model 3 sedans and failing to meet several production deadlines. “Moving 2 of 7 Tesla colors off menu on Wednesday to simplify manufacturing. …read more […]
Business News
Musk says Tesla to drop some color options for cars to simplify production
Tesla Inc will eliminate some color options for its electric cars to streamline production, Chief Executive Officer Elon Musk tweeted on Tuesday, as the company intensifies its efforts to ramp up production.
Business News
HSBC whistleblower defends tax leak as fights extradition
A whistleblower fighting extradition to Switzerland for leaking details of thousands of clients of HSBC’s private bank there said on Tuesday his actions had played a key role in helping other European countries uncover tax frauds.
Business News
World stocks hit by trade strain, Brexit talk supports sterling
World stocks slipped back towards three-week lows on Tuesday, on ongoing concerns over the trade dispute between Washington and Beijing, while the pound hovered near a five-week high on hopes of a UK-EU deal over Brexit.
Business News
Unilever details plans for December listing of new Dutch entity
Consumer goods giant Unilever laid out details on Tuesday for the planned December listing of its new Dutch entity, which has sparked criticism from some UK shareholders and become swept up in the debate over Brexit.
Business News
ING CFO steps down as backlash grows after $900 million money laundering fine
ING Groep’s Chief Financial Officer is to step down amid a public backlash after the Dutch bank admitted last week it had failed for years to prevent money laundering and agreed to a 775 million euro ($900 million) settlement with prosecutors.
Business News
Goldman banker had raised ethics concerns: NYT
A top Goldman Sachs Group Inc banker had raised concerns about some unethical practices at the bank before he left in 2015, the New York Times reported on Tuesday, citing people close to the matter.
Trading Ideas
How Much Do You Need to Earn to Max Out Your Social Security Benefit?
You don’t need to have a million-dollar salary to get the highest possible Social Security benefit. …read more […]
Business News
China seeks WTO backing for sanctions on U.S. over dumping duties
China will ask the World Trade Organization (WTO) next week for permission to impose sanctions on the United States, for Washington’s non-compliance with a ruling in a dispute over U.S. dumping duties, a meeting agenda showed on Tuesday.