Following Turbulence in China, Asian Stocks Stumble and Rand Sinks
Asian market hit a worst week starting the 2016 trading. Global market also slipped following the turbulence in China.
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...
Coinbase Reports Impressive Q1 Revenue of Above $1 Billion Following Bitcoin Rally
Coinbase announced a better-than-expected revenue in its first-quarter...
Goldman Sachs Removes Bonus Cap for UK Bankers
After the UK removed local pay restrictions for bankers last year, Gol...
Latest News
HSBC and JPMorgan Well Ahead In ARAMCO IPO Race
State-owned Saudi Arabian Oil Co. (ARAMCO) is possibly going for an IPO aiming to raise funds for $1 trillion to $10 trillion. Some shares of the IPO may be awarded among the local banks and investors
Martin Shkreli's $5 Million Bail Was Secured With His E-Trade Account
Last December, Martin Shkreli, who was arrested for securities fraud in pharmaceutical company was released on bail. Court document shows his $5 million security bond was secured with $45 million E-T
European Market Stabilize and Wall Street Bounces As Chinese Stock Rise
European shares begins to stabilize as Chinese stock rebounded. The condition also triggered U.S. stock to climb.
JPMorgan teams up with On Deck Capital to roll out new lending product
JPMorgan Chase has teamed up with On Deck Capital to accelerate the loan processing for the small business segment. On Deck Capital is an online provider of high-cost lending and will offer its techno
Study reveals the U.S. Pension System is short by $1 Trillion
The states of Illinois, Kentucky and Connecticut, according to a study by Pew Charitable Trust, have been found underfunded by at least $1 trillion.
Currency swings cost U.S. corporates $18.66 billion in fourth quarter: study
Foreign exchange swings cost North American corporates $18.66 billion in revenue in the fourth quarter, according to a report by currency risk management consulting firm FiREapps.
Activist investor Elliott seeks boardroom shakeup at Alliance Trust
Activist Elliott Advisors, the largest individual shareholder in Alliance Trust PLC (ATST.L), is seeking support from fellow investors for a boardroom reshuffle following a phase of unsatisfactory eng
KKR, Varde, Deutsche seek to securitize $5.3 billion of GE Capital debt
A group comprising KKR & Co, Varde Partners and Deutsche Bank are looking to securitize about A$7 billion ($5.33 billion) of debt they acquired from a unit of GE, three sources with knowledge of the m
Authorities closing in on hackers who stole JPMorgan data
Federal authorities investigating the data breach at JPMorgan Chase & Co (JPM.N) are increasingly confident that a criminal case will be filed against the hackers in the coming months, the New York Ti
