Wells Fargo hires new law firm to prepare CEO for Senate appearance Wells Fargo hires new law firm to prepare CEO for Senate appearance: Wells Fargo & Co. (WFC.N) has hired law firm Sidley Austin to take the lead in preparing Chief Executive Tim Sloan for his appearance before the […]
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Target to raise its minimum hourly wage to $15 by the end of 2020 Target to raise its minimum hourly wage to $15 by the end of 2020:- Target Corp. said Monday that it is raising the minimum wage for its workers to $11 an hour starting next month and […]
Take Five World markets themes for the week ahead Take Five World markets themes for the week ahead: Following are five big themes likely to dominate thinking of investors and traders in the coming week and the Reuters stories related to them. 1/ STRONG QUARTER? NOT HALF It’s the end of […]
Fed officials in muddle over permanent vs temporary inflation lull Fed officials in muddle over permanent vs temporary inflation lull: Federal Reserve officials with competing views about inflation laid out on Friday the quandary facing U.S. policymakers as they wrestle over whether a recent dip in the pace of price […]
Bettencourt death stirs speculation about L’Oreal ownership Bettencourt death stirs speculation about L’Oreal ownership: The death of billionaire Liliane Bettencourt focused attention on Friday on how L‘Oreal’s founding family and major shareholder Nestle (NESN.S) would manage their stakes in the world’s biggest cosmetics firm. Bettencourt, listed by Forbes as the […]
S&P says downgraded China as credit growth still too fast S&P says downgraded China as credit growth still too fast: China’s attempts to reduce risks from its rapid buildup in debt are not working as quickly as expected and credit growth is still too fast, S&P Global Ratings said on […]
Bond prices, yen rise on North Korea concerns Bond prices, yen rise on North Korea concerns:Â U.S. Treasury and gold prices rose while the Japanese yen strengthened on Friday as a fresh exchange of barbs between North Korea and the United States fueled geopolitical concerns. North Korea said it might test […]
Shorting volatility Rising risks mean itchier trigger fingers Shorting volatility Rising risks mean itchier trigger fingers:Â A long stretch of low volatility for U.S. stocks has made betting on continued calm a popular and lucrative trade, but traders and strategists warn that risks to the trade have mounted, while the potential […]
Around the world, a muted launch for Apple’s iPhone 8 Around the world, a muted launch for Apple’s iPhone 8: Apple Inc’s (AAPL.O) launch of the iPhone 8 kicked off with less fanfare on Friday than new models in previous years in the United States, Asia, Australia and Britain, as […]
Zuckerberg nixes new Facebook share class after shareholder lawsuit Zuckerberg nixes new Facebook share class after shareholder lawsuit: Facebook Inc Chairman Mark Zuckerberg abandoned plans on Friday to create a new class of company stock with no voting power, which was meant to be a way for Zuckerberg to retain […]
