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Home2018

Year: 2018

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Business News

Stocks begin November stronger, lifted by results, trade war progress

November 1, 2018 admin Comments Off on Stocks begin November stronger, lifted by results, trade war progress

World equity markets began November with a broad rally on Thursday after a brutal October, boosted by strong corporate earnings and signs that a trade war between economic giants, China and the United States, could be contained.

…read more […]

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Business News

New York regulator grants virtual license to bitcoin ATM operator

November 1, 2018 admin Comments Off on New York regulator grants virtual license to bitcoin ATM operator

New Yorkers will be able to use their mobile phones to obtain bitcoin or sell it for cash at kiosks similar to ATMs in and around New York City after the state Department of Financial Services said on Thursday it has approved the virtual currency license of Coinsource Inc.

…read more […]

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Spotify faults itself for margin gains; stock hits new lows

November 1, 2018 admin Comments Off on Spotify faults itself for margin gains; stock hits new lows

Spotify sent its shares tumbling as much as 10 percent on Thursday after the world’s most popular paid music streaming service said it would continue to sacrifice profit margins to generate future growth.

…read more […]

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U.S. charges financier, former Goldman bankers for 1MDB

November 1, 2018 admin Comments Off on U.S. charges financier, former Goldman bankers for 1MDB

U.S. prosecutors unveiled criminal charges on Thursday against two former Goldman Sachs Inc bankers and Malaysian financier Low Taek Jho tied to the Malaysia 1MDB sovereign wealth fund scandal.

…read more […]

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UBS to introduce training, confidential hotline for sexual misconduct claims: memo

November 1, 2018 admin Comments Off on UBS to introduce training, confidential hotline for sexual misconduct claims: memo

Swiss bank UBS will expand training for specialist staff investigating sexual misconduct claims, and introduce a confidential hotline to handle such allegations, according to an internal memo sent to staff and seen by Reuters on Thursday.

…read more […]

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U.S. charges former Goldman bankers for 1MDB

November 1, 2018 admin Comments Off on U.S. charges former Goldman bankers for 1MDB

U.S. prosecutors on Thursday unveiled criminal charges against two former Goldman Sachs Inc bankers and Malaysian financier Low Taek Jho tied to the Malaysia 1MDB sovereign wealth fund scandal.

…read more […]

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Cigna boosts 2018 forecast after third quarter earnings beat

November 1, 2018 admin Comments Off on Cigna boosts 2018 forecast after third quarter earnings beat

U.S. health insurer Cigna Corp , which is in the process of acquiring Express Scripts Holding Co , significantly bumped up its 2018 adjusted profit forecast, and its shares rose more than 3 percent on Thursday.

…read more […]

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U.S. labor market tightening; manufacturing slowing

November 1, 2018 admin Comments Off on U.S. labor market tightening; manufacturing slowing

New applications for U.S. unemployment aid fell last week and the number of Americans receiving benefits was the lowest in more than 45 years as labor market conditions tightened further.

…read more […]

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Wall Street gains ground after selloff, but tech falters as Apple slips

November 1, 2018 admin Comments Off on Wall Street gains ground after selloff, but tech falters as Apple slips

U.S. stocks rose on Thursday, as robust earnings reports supported a third day of recovery from a bruising selloff in October, but a drop in Apple’s shares ahead of results kept technology stocks under pressure.

…read more […]

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U.S. indicts Malaysians on money laundering from 1MDB

November 1, 2018 admin Comments Off on U.S. indicts Malaysians on money laundering from 1MDB

The U.S. Justice Department said on Thursday it has charged Malaysian financier Low Taek Jho and former banker Ng Chong Hwa with conspiring to launder billions of dollars embezzled from 1Malaysia Development Berhad (1MDB).

…read more […]

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U.S. auto sales rise as SUVs, trucks dominate

November 1, 2018 admin Comments Off on U.S. auto sales rise as SUVs, trucks dominate

Top U.S. automakers reported another month of rises in sales of sports utility vehicles and pick-up trucks on Thursday as American consumers continued to shun sedans and hatchbacks.

…read more […]

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BlackRock’s Fink says U.S., China on path to ‘full-fledged’ trade war

November 1, 2018 admin Comments Off on BlackRock’s Fink says U.S., China on path to ‘full-fledged’ trade war

BlackRock Inc Chief Executive Officer Larry Fink on Thursday said the United States is on a path to a full-fledged trade war against China.

…read more […]

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U.S. to announce charges against former Goldman bankers for 1MDB: WSJ

November 1, 2018 admin Comments Off on U.S. to announce charges against former Goldman bankers for 1MDB: WSJ

The U.S. Justice Department is set to announce multiple criminal charges on Thursday against two former Goldman Sachs Inc bankers and Malaysian financier Jho Low tied to the Malaysia 1MDB sovereign wealth fund scandal, the Wall Street Journal reported.

…read more […]

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Wall Street opens higher as strong earnings lift mood

November 1, 2018 admin Comments Off on Wall Street opens higher as strong earnings lift mood

U.S. stocks opened higher on Thursday, leaving behind a brutal October, as a slew of positive earnings reports helped boost risk sentiment.

…read more […]

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Activist investor Icahn sues Dell over IPO plans

November 1, 2018 admin Comments Off on Activist investor Icahn sues Dell over IPO plans

Activist investor Carl Icahn sued https://carlicahn.com/commenced-litigation-against-dell-technologies Dell Technologies on Thursday, alleging that the computer maker did not disclose financial information related to its plans to go public by buying back its tracking stock .

…read more […]

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