Trading Ideas
Square's Cash Card Is Killing It
User spending has tripled over the last six months. …read more […]
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Business News
Wall St. slips as Turkey’s currency worries hurt bank stocks
U.S. stock indexes fell on Monday as a plummeting Turkish lira weighed on shares of big U.S. lenders, but losses on the Nasdaq were limited by high-flying companies such as Apple and Amazon that hit record highs.
Business News
Citigroup says global card chief Linville leaving in shakeup
Citigroup Inc said on Monday that Jud Linville, the head of global cards and consumer services, is leaving the company as part of a reorganization of executives in its global consumer banking businesses.
Business News
Factbox: European banks’ exposure to Turkey
Turkey’s economic crisis poses a threat to European banks with business in the country.
Trading Ideas
Why Dycom Industries Stock Just Dropped 22%
It’s an earnings warning — but it’s already too late to react. …read more […]
Business News
Musk says talking to Saudi fund, others on Tesla buyout
Tesla Inc Chief Executive Elon Musk said on Monday he was in discussions with Saudi Arabia’s sovereign wealth fund and other potential backers of his plan to take the electric car-maker private, but said financing was not yet nailed down.
Trading Ideas
Is CenturyLink's Big Dividend Finally Safe?
The regional telco’s stock is at its highest levels since last summer, and improving cost controls make the current 10.1% yield surprisingly sustainable in the near term. …read more […]
Business News
S&P flat as tech boost offsets Turkish currency worries
The S&P 500 index treaded water on Monday as high-flying companies such as Apple and Amazon hit record highs, offsetting declines in shares of U.S. lenders due to a plunge in Turkish lira.
Business News
World equities slip on Turkey currency woes
NEW YORK – Turkey’s worsening currency crisis sent world equities lower and emerging market currencies under selling pressure on Monday, while gains in large U.S. technology companies kept benchmark indexes slightly higher.
Trading Ideas
Elon Musk says 'funding secured' claim based on talks with Saudi wealth fund
Elon Musk has said he expects Saudi Arabia’s sovereign wealth fund to provide the cash for his Tesla buyout plan, throwing into question his claims last week that funding for the deal was “secured” in a move likely to prompt scrutiny from US regulators. The billionaire chief executive said he had been approached by the Saudi fund “multiple times about taking Tesla private”, stretching back to the beginning of 2017 when it had first expressed interest “because of the important need to diversify away from oil”. He said, following the Saudi fund’s decision to buy almost 5pc of Tesla …read more […]
Business News
Citigroup says card chief Linville leaving in reorganization
Citigroup Inc said Jud Linville, head of global cards and consumer services, is leaving the bank as part of a reorganization of executives in its global consumer banking businesses.
Trading Ideas
Turkey has been working for eight years to screw up its o…
Jan Dehn, Ashmore Group head of research, and Danny Tannenbaum, PwC global sanctions leader, discuss the global equity and currency market impact of Turkey’s currency crisis. …read more […]
Trading Ideas
If the Saudis do help Elon Musk take Tesla private, the company could actually take over the world (TSLA)
The Saudi sovereign wealth fund could be the key player in taking Tesla private, according to a recent account from CEO Elon Musk. Depending on how a possible deal shakes down, Tesla and Musk could see a massive funding boost, freed from market constraints. On Monday, Tesla CEO Elon Musk provided some additional detail on his plans to take Tesla private. …read more […]
Business News
Tourists find silver lining in Turkey’s lira crash
Visitors to Turkey flocked to its high-end shops to snap up bargains on Monday, their purchasing power buoyed by a currency crisis as the country’s lira sank to a record low beyond 7 per dollar.
Business News
Turkey must ensure independence of central bank: Merkel
German Chancellor Angela Merkel urged Turkey on Monday to ensure the independence of its central bank as other senior officials said that Turkey’s economic woes were causing great concern.