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Lloyds criticized for mishandling compensation for victims of major fraud

2 minutes ago   |   Reuters

Lloyds Banking Group has been criticized for mishandling a compensation scheme for victims of one of Britain's biggest banking scandals in a report published on Tuesday.
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Netflix could lose four million U.S. subscribers in 2020: brokerage

2 minutes ago   |   Reuters

Needham and Co was the fourth Wall Street brokerage in two months to cut its rating for Netflix Inc on Tuesday, arguing competition from new streaming services could lead to...
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World stocks sink as tariff deadline approaches

2 minutes ago   |   Reuters   |   5 articles

Global stock markets fell for a second day on Tuesday, as caution over a Dec. 15 deadline for the next round of U.S. tariffs on Chinese imports weakened risk appetite and...
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Dollar General to sell CBD cosmetics in select Tennessee and Kentucky stores

2 minutes ago   |   Reuters

Discount store chain Dollar General Corp said on Tuesday it would sell cannabidiol cosmetic products in more than 1,000 stores in Tennessee and Kentucky, as demand for the...
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France fines Morgan Stanley $22 million for bond manipulation

34 minutes ago   |   Reuters   |   2 articles

France's markets watchdog AMF said on Tuesday it had fined U.S bank Morgan Stanley 20 million euros for manipulation of sovereign bonds.
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Non-Saudi investors get 23% of Aramco IPO institutional tranche

1 hour ago   |   Reuters

Non-Saudi investors in oil giant Saudi Aramco's initial public offering have been allocated 23.1% of the institutional tranche, one of the lead banks working on the transaction...
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Irish court lifts restriction on Ryanair profit target

1 hour ago   |   Reuters

An Irish court on Tuesday withdrew a ban on reporting a reference to Ryanair's profit after tax target for the airline's 2020 financial year contained in a 2018 share option...
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'Symmetric,' now a Fedspeak staple, may point to endgame for U.S. framework debate

1 hour ago   |   Reuters

After 14 conferences, a couple dozen research papers and presentations and some very dense math, the Federal Reserve's hunt for a better way to reach its inflation target may...
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Cboe buys EuroCCP to bolster Dutch EU base after Brexit

1 hour ago   |   Reuters   |   2 articles

Cboe Global Markets said on Tuesday it would take full control of EuroCCP, Europe's largest clearing house for stock trades, to bolster its post-Brexit base in Amsterdam and...
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Drowning in uncertainty: Trade questions slow investment, squeeze profits across U.S

1 hour ago   |   Reuters   |   5 articles

From a denim plant in rural Georgia to a St. Paul, Minneapolis loudspeaker maker, nagging uncertainty over when President Donald Trump's trade wars might end, if ever, is...
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Martech company Iterable just raised $60 million in what it calls its last...

Martech company Iterable just raised $60 million in what it calls its last funding round, and plans to use it to take on Salesforce and Oracle and get profitable

A growing number of marketing tech companies are trying to help brands make sure the messages they send to customers are relevant. Iterable is a 6-year-old, San Francisco-based... Read more ...

Boris Johnson had a disastrous day on the campaign trail which supporters...

Boris Johnson had a disastrous day on the campaign trail which supporters fear could cost him the election

A disastrous campaign day for the Conservatives has given Labour its last best hope of closing the gap in the polls before the general election on Thursday. Johnson was heavily... Read more ...

Morgan Stanley is cutting 1,500 jobs. Expect more as banks cull before bonus...

Morgan Stanley is cutting 1,500 jobs. Expect more as banks cull before bonus season

Morgan Stanley is cutting 1,500 jobs, or roughly 2% of its workforce. People familiar with the matter told CNBC that the cuts will largely hit technology and operations, while... Read more ...

Student Loans A Lot Like The Subprime Mortgage Debacle, Watchdog Says

Student Loans A Lot Like The Subprime Mortgage Debacle, Watchdog Says

Mike Calhoun rang the alarm bell early on about the subprime mortgage debacle - before reckless lending drove the economy into recession. These days, he's sounding the alarm... Read more ...

Away CEO Steps Down After Bombshell Report Reveals Staff Mistreatment

Away CEO Steps Down After Bombshell Report Reveals Staff Mistreatment

Steph Korey will no longer manage the popular luggage company in the wake of an article detailing a toxic work culture. Read more ...

The NFL is reportedly investigating the Patriots after a Bengals official...

The NFL is reportedly investigating the Patriots after a Bengals official saw them filming in the press box, but New England says the team was just shooting a documentary

Cincinnati Bengals head coach Zac Taylor told reporters on Monday that the NFL is investigating the New England Patriots for an incident that took place in the press box during... Read more ...

A lesson in measuring the federal debt: The many ways to calculate how much...

A lesson in measuring the federal debt:  The many ways to calculate how much the U.S. federal government owes

What's the debt level of the U.S. federal government? The answer isn't as straightforward as it may seem. A quick search on FRED for “federal debt” delivers the graph above... Read more ...

SoftBank is selling back its stake in embattled dog-walking startup Wag...

SoftBank is selling back its stake in embattled dog-walking startup Wag, amid the company's 'painful' layoffs

SoftBank's Vision Fund is giving up its nearly 50% stake in the dog-walking startup Wag, as the company continues to struggle. A memo circulated among Wag employees informed... Read more ...

Amazon thinks its cloud is 'objectively superior' to Microsoft's because it...

Amazon thinks its cloud is 'objectively superior' to Microsoft's because it has a custom chip called Nitro. Here's everything Amazon says the Pentagon missed with JEDI

In its protest over the lucrative JEDI contract, Amazon claims that its cloud is better than Microsoft's cloud. While Amazon has basically argued that the main reason it lost... Read more ...

At least 5 people are dead after a New Zealand volcano erupted. Experts say...

At least 5 people are dead after a New Zealand volcano erupted. Experts say the disaster was not predictable, despite warning signs

At least five people are dead, eight are missing, and more than 30 are injured after one of New Zealand's most active volcanoes erupted on Monday afternoon. Over the last... Read more ...