WeWork owner The We Company is targeting an initial stock market valuation of less than half of estimates from earlier this year, according to a report on Thursday, another sign of growing skepticism among investors about big but unprofitable technology names.
U.S. private employers boosted hiring in August, suggesting the economy continued to grow at a moderate pace despite trade tensions which have stoked financial market fears of a recession.
Investor Mark Mobius raises concerns about blockchain, which is the technology that underpins cryptocurrencies like bitcoin.
Facebook Inc is launching its dating services in the United States, the social network said on Thursday, sending its shares up 2%.
Shares of Slack Technologies Inc tumbled 14%, wiping out nearly all their gains since the company's listing in July, after the workplace messaging firm warned of slower revenue growth amid intensifying competition.
General Motors Co will use embedded Google technology to power navigation, voice activated controls and other vehicle infotainment functions starting in 2021, in a win for Alphabet Inc in the race with Amazon.com and other technology companies to control dashboards.
U.S. stocks rose on Thursday on hopes of a de-escalation in trade tensions after Washington and Beijing agreed to hold high-level talks next month, while data showing strong job addition in the private sector allayed some slowdown concerns.
Exxon Mobil has agreed to sell its Norwegian oil and gas assets for up to $4 billion, in a move that marks the U.S. firm's exit from production in the country where it has operated for more than a century, three sources familiar with the matter said on Thursday.
Beer and wine producer Constellation Brands is seeing an uptick in the millennial generation's consumption of alcohol.
More than a dozen states allow sports betting, which means your win could be subject to taxes even before it reaches you, depending on how big it is.
City A.M. | Luke Graham | Sep 5, 2019 Fintechs are all the rage. Scarcely a day goes by without a new challenger bank or money app making headlines about how it seeks to disrupt traditional banking and solve personal finance problems. As a result, capital is pouring into the sector – last year, global
Stocks hit one-month highs worldwide on Thursday as improved risk appetite led investors away from safe-haven assets such as bonds and gold on renewed hope for progress in U.S.-China trade negotiations and upbeat U.S. economic data.
Jefferies is positive on Google's stock, even though it's undervalued and underperforming its peers and the overall market.
Macy's Inc said on Thursday it aimed to save $400 million to $550 million annually in the next two to four years, as the department store chain cuts back on discounts, while focusing more on targeted promotions for customers.
CB Insights | Aug 20, 2019 We visualize where US banks are placing strategic bets on fintech startups across payments, capital markets, blockchain, data, and more. US banks are future-proofing by actively investing in fintech startups.In 2019 YTD, US banks have participated in 24 equity deals to fintech companies. This follows a record 2018, where