Finance/Venture

Starbucks Must Fix Customer Experience to Get Back in Coffee Shop Game, Ex-Boss Says

Former Starbucks CEO Howard Schultz asked his successor Laxman Narasimhan and other Starbucks senior officials to communicate with shop baristas and work with them to enhance coffee service.


China’s Ant Group to Open New Markets Across the World With Alipay+ Cross-Border Payments

Chinese fintech firm  Ant Group wants to expand globally by linking mobile payment apps with Alipay+...

Warren Buffett Issues Grave Warning About AI, Saying It Would Make Scams Far More Convincing, Revving Up Fraud

Berkshire Hathaway Chairman and CEO Warren Buffett has warned about AI scams...

Dollar Drops to Three-Week Low Against Japanese Yen as US Jobs Data Boosts Fed Cut Bets

The US dollar dipped to a three-week low against the Japanese yen on Friday following reports of US jobs and wage growth slowed down in April...


Latest News

Steve Cohen's hedge fund investing in trading talent
Reeling under pressure, the hedge fund segment is facing talent crunch to render its services more qualitatively. Considering the need of the hour, billionaire Steve Cohen-owned hedge fund Point72 Ass
Bank of Russia revoked banking license of two more banks this year
The Russian Central Bank revoked license for banking for two banks, the Interkommerzbank and Alta Bank. The license revoke is part of the tougher regulation set by the Russian government to help stren
HSBC to pay $470M total for federal government settlement as relief to borrowers and homeowners' foreclosure abuses
As per the federal agreement, HSBC has agreed to pay $470 million to provide relief to abused mortgage loan borrowers. The payment will be directed towards mainly Virginia, along with 48 other states.
Credit Suisse CEO Suggested Bonus Reduction After Billion Dollar Loss
As Credit Suisse booked its first full-year loss since 2008 on Thursday, CEO Tidjane Thiam asked his bonus to be reduced. The financial group reported a worse than expected net loss in 2015.
Mexico gets $400-mln loan from WB for rural development
Mexico is receiving $400-loan from World Bank for rural development and will formally sign an agreement. Mexican government will utilize the funds for extending financial lending to farmers and fishe
ING's Q4 earnings beat forecast
The Dutch banking major ING Groep's revenues for the fourth quarter were above the analysts' forecasts. ING's exposure to the oil companies is putting pressure on its stock, which suffered 20 percent
Wal-Mart Will Soon Operate Its Own Gas Station Without Murphy
Wal-Mart Will Soon Operate Its Own Gas Station in order to gain more profits. The company will leave Murphy USA Inc., which has become its gas stations operators for 20 years. However, Murphy will sti
Charlottesville Is The Fastest Growing Venture Capital City in the U.S.
According to PwC and NVCA report, Charlottesville has been the fastest growing startup since 2010. Between 2010-2015, venture-backed startups increased 55% annually in the place where Thomas Jefferson
Standard & Poor's Demoted Sprint's Credit Rating on Tuesday
S&P rating service on Tuesday downgraded Sprint credit to B, citing a challenging environment for the wireless industry. Morningstar and Moody have also demoted Spring credit rating.
Federated Wireless Raised 22 Million in Series A for Its Spectrum Access System
Woodford Investment Management and Allied Minds lead the funding to raise a $22 million for Federated Wireless on Monday. The company will develop a high-quality wireless capacity for Wi-Fi and wirele
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