Home rentals giant Airbnb Inc swung to a loss for the first nine months of last year as costs climbed sharply, The Wall Street Journal reported https://www.wsj.com/articles/airbnb-swings-to-a-loss-as-costs-climb-ahead-of-ipo-11581443123?mod=searchresults&page=1&pos=1 on Tuesday, citing people close to the company.
For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to… …read more […]
Wells Fargo & Co Chief Executive Charles Scharf announced his first major reshuffle on Tuesday, promoting several executives to new roles while also tapping a JPMorgan veteran to head consumer lending.
This veteran trader thinks the markets badly wants to see President Trump re-elected. …read more […]
PayPal Holdings Inc is teaming up with criminologists and experts at several universities to probe the payment systems used in the trafficking of illegal firearms in the United States, the company said on Tuesday.
The Federal Trade Commission has issued special orders to five big tech companies – Alphabet Inc’s Google unit, Amazon.com Inc , Apple Inc , Facebook Inc and Microsoft Corp – to provide information about mergers too small to report to antitrust agencies, the agency said on Tuesday.
U.S. Representative Warren Davidson of the House Committee on Financial Services questions Fed Chair Jerome Powell on Capitol Hill. Rep. Davidson calls the backlash against Powell attending a party at Amazon CEO Jeff Bezos’ house “embarrassingly partisan”. …read more […]
Lawmakers from German Chancellor Angela Merkel’s ruling conservatives have backed a position paper on 5G mobile networks that recommends tougher rules on foreign vendors while stopping short of banning China’s Huawei [HWT.UL], sources said.
Anyone researching Rockwell Medical, Inc. (NASDAQ:RMTI) might want to consider the historical volatility of the share… …read more […]
The S&P 500 and the Nasdaq indexes scaled new highs on Tuesday as investors took heart from remarks by a top Chinese health adviser that the coronavirus outbreak may be peaking.
Fed Chairman Jerome Powell told Congress that Coronavirus concerns are not enough to knock the Fed off of its stance on interest rates, adding that the expansion does not look “unsustainable.” …read more […]
In the world of economists, Thomas Piketty has been lauded as an overnight rock star. But does he really have anything new to say?
Today, Nicholas Vardy explains why Piketty’s financial economics are hardly worthy of acclaim.
Last week, I saw French economist Thomas Piketty introduce his new book, Capitalism and Ideology, at the London School of Economics.
Few Americans have ever heard of Piketty.
But in the world of economists, Piketty’s earlier book Capital in the Twenty-First Century, published in 2014, turned this obscure French academic into an economic rock star overnight.
I was excited to find out what the fuss was all about.
Piketty …read more […]
Shares of Boeing plummeted after the company reported that it sold no commercial aircrafts for the first time since 1962. Yahoo Finance’s Julie Hyman breaks down the details on On The Move. …read more […]
Bernie is surging and Democrats are getting nervous. Listen to Electionomics today …read more […]
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