The City

Paul Manafort’s Lawyers May Have Broken the Law

Last week, Paul Manafort signed a cooperation agreement with special counsel Robert Mueller and pleaded guilty to charges that included conspiracy …

Law

Goldman Regains Commodities Top Spot in Tie With Banking Rivals

Goldman Sachs Group Inc. regained its top spot in commodities in the first half of 2018, but had to share that position with rivals Morgan Stanley …

Asia

Bond Market Battleground, U.K. Inflation, London Houses: Eco Day

• Traders in the world’s biggest bond market see 2019 as a battleground for bets on the path of U.S. monetary policy. While investors have moved closer …

Bank of England

Are We Headed For A Passive Index Meltdown?

Without Googling, try to guess who said the following quote: “If everybody indexed, the only word you could use is chaos, catastrophe. The markets would fail.”<p>Give up?<p>The speaker, believe it or not, is John Bogle, founder of Vanguard, which has been at the forefront of indexing. Bogle made the …

Stock Markets

DOJ probing Elon Musk's Tesla buyout tweet

The Justice Department is looking into Tesla CEO Elon Musk's tweeted claim last month that he had “secured funding” to take the company private, a spokesperson for the company confirmed today.<p>“Last month, following Elon’s announcement that he was considering taking the company private, Tesla …

U.S. Politics

SunPower upgraded at Credit Suisse after solar tariff exemption

SunPower (SPWR +3.6%) adds to yesterday's strong gains after Credit Suisse upgrades shares to Outperform from Neutral with a $10 price target, raised …

Credit Suisse

City sues Wells Fargo, Citigroup, and three other lenders over zombie properties allowed to deteriorate

The city accused five lenders and mortgage servicers in Brooklyn Supreme Court Wednesday of foreclosing on homes and then leaving them to deteriorate …

Wells Fargo

How one North Carolina town stayed dry during Florence

Neighbors J.W. Raburn and Henry Williams are political polar opposites. Mr. Raburn says he may have been the only one in this sound-side hamlet to have voted for Hillary Clinton in 2016. Mr. Williams voted for President Trump.<p>But the two lifelong friends — along with about 300 or so other North …

Sea Level

European Banks Are Now Offering Highest Payout Since 2008 Crisis

Pay attention to battered and “unusually attractive” European banking stocks, says Credit Suisse Group AG.<p>European banks are offering the highest …

Credit Suisse

At least 4 shot in South Loop, including infant and 13-year-old

At least four people were wounded, including an infant and a 13-year-old boy, in a shooting late Wednesday in the South Loop, authorities said. Three reportedly were in critical condition.<p>The incident occurred at 9:07 p.m. near Cermak Road and State Street on the Near South Side, according to …

The City

Goldman Sachs nears deal to sell its fintech app - WSJ

Sept 19 (Reuters) - Goldman Sachs is in advanced talks with several financial companies to spin off 'Simon', its three-year-old app that sells financial products to retail investors, the Wall Street Journal reported on.wsj.com/2OzaWmf on Wednesday, citing people familiar with the matter.<p>JPMorgan …

Goldman Sachs

Nike's Kaepernick Ad Spurs Spike in Sold-Out Items

Nike Inc. has sold out 61 percent more merchandise since the controversial ad campaign featuring former NFL player Colin Kaepernick appeared earlier …

Labor Day

Trump administration levies new tariffs on Chinese solar inverters

Dive Brief:<p>President Donald Trump on Monday announced new tariffs on a variety of Chinese goods, including inverters used in solar panels throughout …

Trump Administration

Tencent Music Eyes $2 billion IPO in New York

© Reuters. Tencent Music Entertainment Group is looking to raise around $2 billion in a U.S. listing<p>Investing.com - Tencent Music Entertainment …

Tencent Holdings

Morgan Stanley Says Intel 'Oversold' Its Technology, Raises AMD Price Target 150%

Despite the fact that <b>Intel Corporation</b> (NASDAQ: INTC) "oversold" its process tech differentiation over the years and is undergoing a rough patch, …

Morgan Stanley

Brett Kavanaugh's Lawyer Beth Wilkinson Has Worked On Highly Controversial Cases Before

According to CNN, President Trump's latest Supreme Court nominee has hired an attorney to help him navigate his confirmation hearings following an …

Brett Kavanaugh

Vocera +3.5% as Jefferies starts at Buy

Vocera Communications (NYSE:VCRA) is up 3.5% after an initiation at Buy by Jefferies.<p>The firm set its price target to $40, implying 15.4% upside from …

Business

China still has "bullets" to fight Trump's trade war

Donald Trump's White House this week escalated its trade war, adding tariffs of 10 percent on another $200 billion on imported Chinese goods …

Rare Earth

Wages Are Low and Workers Are Scarce. Wait, What?

The low unemployment rate and stagnant pay point to a depressed economy underneath.<p>Across the country, there are more jobs available than there are workers looking for them, as the unemployment rate has dropped to a nearly two-decade low. Businesses are complaining of worker shortages, arguing they …

Business

Malaysia'sGDP growth seen healthy this year

KUALA LUMPUR: Moody’s Investors Service says Malaysia’s growth performance is likely to remain healthy in 2018, which is reflected in the country’s …

Business (Malaysia)

Meituan-Dianping’s IPO off to a good start as shares climb 7% on debut

Meituan-Dianping (3690.HK) enjoyed a strong debut today in Hong Kong, a sign that investors are confident in the Tencent-backed company’s prospects despite its cash-burning growth strategy, heavy competition and a sluggish Hong Kong stock market.<p>During morning trading, Meituan’s shares reached a …

Hong Kong

CVC selects banks to lead Domestic & General float: sources

LONDON (Reuters) - Private equity firm CVC has chosen Barclays (BARC.L), Bank of America Merrill Lynch (BAC.N) and Credit Suisse (CSGN.S) to lead the initial public offering of warranty provider Domestic & General in London, two sources familiar with the matter said.<p>Rothschild is working as an …

Bank of America

BTS Announce Major Television Performances!

<b>BTS</b> just announced some huge television appearances!The K-pop group – <b>J-Hope</b>, <b>Jimin</b>, <b>Jin</b>, <b>Jungkook</b>, <b>rm</b>, <b>Suga</b> and <b>v</b> – just announced appearances on both <b>Good</b> …

New Jersey

South African rates need some Russian rules

Time to take a leaf out of Moscow’s playbook? It might be a smart move for South Africa’s central bank to follow Russia’s lead and raise interest …

Central Banks

Brexit talks are running out of time, top EU official warns

<b>Salzburg, Austria (CNN) —</b> The European Union's top political representative issued a stark Brexit warning on Wednesday: Time is running out and there are still huge hurdles to conquer before a divorce agreement can be reached with the United Kingdom.<p>EU leaders and UK Prime Minister Theresa May had …

World News

Automakers offer financial assistance to victims of Hurricane Florence

Numerous automakers and lenders are offering financial relief to customers in North and South Carolina affected by Hurricane Florence.<p>Although the …

Financial Services

Toddler Among 4 Shot In South Loop

<b>CHICAGO (CBS) —</b> Four people, including a toddler, were shot near State Street and Cermak Road in Chicago’s South Loop around 9:15 p.m. …

Children's Hospital

ECB norms eased to stem rupee fall

Updated: September 19, 2018 22:45 IST<p>Mumbai , September 19, 2018 22:45 IST<p>Updated: September 19, 2018 22:45 IST<p>more-in<p>The RBI has eased norms for …

The City

LSE Pushes Ahead With London-Shanghai Link Plan Before Year-End

London Stock Exchange Group Plc says the long-anticipated bridge between stock exchanges in London and Shanghai is on track to begin operation before …

London Stock Exchange

Prudential Names New Finance Chief

Company’s appointment comes about a week after announcing its CEO would retire<p>Prudential Financial Inc. announced a series of leadership changes, including a new finance chief, about a week after the company said its chief executive would step down.<p>Prudential said Wednesday Ken Tanji, who has …

Employment