Bad news for Macy’s could be great news for customers—the company’s revenues have plunged, which means year-end sales are likely to be fantastic.
There’s a game of monetary chicken afoot.
The Federal Reserve Bank of Minneapolis has named Neel Kashkari as its new president and CEO. Survivors of the 2008 financial crisis might remember Kashkari as the director of the US Treasury Department’s Troubled Asset Relief Program—TARP to wonks, the bank bailouts to everyone else. He’s replacing the dovish Narayana Kocherlakota, who announced his retirement in June.
Housing construction folks in the US have been very, very happy lately, and D.R. Horton’s latest earnings show why. America’s largest homebuilder brought in nearly $3.1 billion in revenue last quarter, surpassing expectations and making for the best quarter since 2007.
Two ships passing in the night? The world needs more of those, says the Organization for Economic Co-operation and Development.
Insurance companies generally work like this: They take money from lots and lots of people, throw it into a giant pile and then invest that pile in relatively safe assets like corporate and government bonds.
Yes, China’s stock market crashed and burned over the summer. Yes, its economy is still having problems. And yes, everyone’s confused about what’s going to happen next.
Deutsche Bank today (Nov. 4) joined Standard Chartered, HSBC, and BNP Paribas in paying big fines for providing financial services to enemies of the state.
US interest rates are low. Almost impossibly low. And they’ve been low for a long time.
Chinese stocks had a huge 4.3% rally Wednesday (Nov. 4) because of a slip-up by the People’s Bank of China.
Remember that global market meltdown that started in mid-August? When China made a small tweak to its currency, ruined everything for everybody, and sent the S&P 500 into a correction?
Rates stayed up in the land down under.
Race in the US is complicated.
Turkey’s second election this year has proven successful for President Recep Tayyip Erdogan: he consolidated his power, securing a larger parliamentary presence at the expense of the main opposition parties. Erdogan’s AK Party won nearly half the seats in the country’s legislative body.
The scandal-plagued RushCard just announced a fund to reimburse customers who lost access to funds placed on the prepaid cards earlier this month.
This post has been updated.
The global energy industry is running on empty, with low prices sending investments plunging.
Your buddy bragging online about her huge investing returns probably sounds like she’s having a good run, but what do you do with that information?
Fiat Chrysler is spinning off Ferrari, and one step along that journey is an initial public offering for the famed sports car maker.
America’s most popular motorcycle maker reported a big miss in its third quarter earnings today (Oct. 20).
RushCard, the prepaid debit card backed by Def Jam founder Russell Simmons, has been having some problems, to say the least.
The Zambian kwacha has been in free-fall this year, especially since August, and it’s now down 45% for the year against the US dollar.
