Business News
Apple to make new Mac Pro PCs in U.S. after some tariff exemptions
Apple Inc said on Monday it will make new Mac Pro desktop computers at its Austin, Texas facility, following some relief on tariffs by the U.S. government.
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Business News
Oil steadies on hopes of full Saudi output restart
Oil stabilized on Monday, after gaining nearly 7% last week, as lingering concerns over global supplies following the Sept. 14 attack on Saudi oil facilities offset prospects for a faster-than-expected restoration of the kingdom’s output and on signs of European economic weakness.
Business News
Wall Street subdued on mixed PMI, U.S.-China trade concerns
Wall Street’s main indexes were flat on Monday as mixed economic cues did little to soothe investor concerns over slowing domestic growth in the face of a prolonged U.S.-China trade war.
Business News
Exclusive: We Company CEO Neumann starts talks on his role at WeWork parent – sources
WeWork co-founder Adam Neumann has started talks with board directors and investors to discuss his future role, including the possibility of giving up his title as chief executive, at the U.S. office-sharing start-up, people familiar with the matter said on Monday.
Trading Ideas
Bill O’Reilly… and Wealth Building 101, Part II
Research has proven that if you want to grow your wealth, you need to own stocks. So why don’t more Americans invest in the stock market?
Today, Alexander Green explains the three main reasons and helps investors move past them.
In my conversation with Bill O’Reilly last week on his No Spin News, we talked about solving the issue of economic inequality in America.
A significant reason for the gulf between the wealthy in this country and everyone else is stock ownership.
Studies show that roughly half of Americans own no stocks, either directly or through mutual funds and ETFs.
On the other hand, according …read more […]
Business News
Nissan, Ghosn settle U.S. SEC claims over undisclosed compensation
Nissan Motor Co and its former Chief Executive Carlos Ghosn have agreed to settle claims from the U.S. Securities and Exchange Commision over false financial disclosures related to Ghosn’s compensation, an SEC statement said on Monday.
Business News
Factbox: Countries’ different reactions to Thomas Cook bankruptcy
British travel operator Thomas Cook ran hotels, resorts and airlines ferrying 19 million people a year to 16 different countries. It currently has 600,000 people abroad, forcing governments and insurance companies to coordinate a huge operation to bring them all home.
Business News
Thomas Cook collapse boosts rival holiday companies, budget airlines
Thomas Cook’s collapse boosted shares in TUI and budget airlines easyJet and Ryanair on Monday as investors pinned hopes on the tour operator’s closure cutting capacity in the saturated European holiday market.
Business News
Thomas Cook owes Tunisian hotels 60 million euros: minister
Thomas Cook owes Tunisian hotels 60 million euros ($66 million)for stays in July and August, Tourism Minister Rene Trabelsi told Reuters on Monday, adding that 4,500 British Thomas Cook customers are still in the country.
Business News
Woodford director says $4 billion fund freeze continues
The suspension of money manager Neil Woodford’s Equity Income fund until December remains in place, the fund’s authorized corporate director said on Monday at its monthly review of the lock-up.
Trading Ideas
Why Equity Crowdfunding Is a Top Way to Raise Capital
Getting a business venture up and running is no small feat. And while there are many logistical challenges to starting a business, one of the largest is securing capital. There are no shortage of ways to raise startup capital, but sometimes the traditional avenues aren’t the best routes. In fact, more startups are turning to equity crowdfunding as a new-age way to get their venture off the ground.
What is Equity Crowdfunding?
Like you might throw a few bucks at a Kickstarter project and get a reward, equity crowdfunding is the same concept on a larger (and smaller) scale.
In a macro sense, …read more […]
Business News
Strains that sank Thomas Cook weigh on European airlines
The collapse of travel group Thomas Cook and a trio of subsidiary airlines, leaving 600,000 holidaymakers stranded, is unlikely to be the last failure among Europe’s struggling second-tier carriers.
Business News
SEC sues former Nissan CEO Carlos Ghosn over compensation: court filings
The U.S. Securities and Exchange Commision filed a lawsuit on Monday against former Nissan Motor chief executive Carlos Ghosn over claims he took part in a scheme to conceal from public disclosure more than $90 million in compensation, the lawsuit filed in the U.S. District Court of New York City showed.
Business News
Carlos Ghosn reached civil settlement with U.S.’s SEC: lawyers
Former Nissan Chairman Carlos Ghosn has reached a civil settlement with the U.S. Securities and Exchange Commission to resolve its investigation of alleged violations of U.S. securities laws, Ghosn’s lawyers said in a statement on Monday.
Business News
Swiss probe incident involving ex-Credit Suisse banker Khan, private detectives
Prosecutors have opened a criminal probe into an incident in which Credit Suisse allegedly hired private detectives to shadow the Swiss bank’s ex-wealth management head, Iqbal Khan, the Zurich attorney’s office said on Monday.