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EU antitrust regulators raise concerns about Facebook's Libra currency: sources

EU antitrust regulators want to know whether Facebook's proposed Libra cryptocurrency and its use of consumer data pose possible anti-competitive constraints, people familiar with the matter said on Wednesday.



5 years ago

'American Ninja Warrior' host Akbar Gbajabiamila reveals his winning financial game plan

Akbar Gbajabiamila rose from humble beginnings and found success both on and off the football field.

5 years ago

Wall St. rises at open as Lowe's, Target boost retailers

U.S. stocks opened higher on Wednesday, as strong results from Lowe's and Target boosted retailers, while investors awaited minutes from the Federal Reserve's July policy meeting due later in the day.



5 years ago

Commerzbank mulls branch closures as part of broader strategy review

German lender Commerzbank is considering closing some bank branches as it figures out a way forward after its talks to merge with rival Deutsche Bank collapsed earlier this year, people familiar with the matter said on Wednesday.



5 years ago

Exclusive: Checks to be ordered after 2017 Airbus A380 engine explosion

Investigators probing an engine explosion on an Air France A380 in 2017 are studying a possible manufacturing flaw with a key part in a move likely to trigger checks on dozens of Airbus superjumbos worldwide, people familiar with the matter said.



5 years ago

Trump heaps pressure on Fed and its chairman Powell to cut rates

President Donald Trump on Wednesday continued to pressure the Federal Reserve and the central bank's chairman to lower interest rates, saying its policies were hampering U.S. growth and reducing the country's ability to compete economically.



5 years ago

U.S. home refinancing activity hits three-year high: MBA

U.S. homeowners filed the most applications to refinance their current mortgages in over three years as 30-year borrowing costs slipped to their lowest levels since late 2016, the Mortgage Bankers Association said on Wednesday.



5 years ago

Danish regulator prepares report for police on Danske overcharging

Denmark's financial watchdog has prepared a draft report to send to Danish police over Danske Bank's overcharging of customers, a scandal that led to the dismissal of the bank's former interim chief executive.



5 years ago

Morgan Stanley: Risk of a global recession is 'high and rising'

Morgan Stanley warns that "the wheels for a slowdown are in motion," adding that a slowdown in the manufacturing sector is spreading.

5 years ago

Are you a 401(k) millionaire? The number has hit an all-time high

The number of Fidelity 401(k) plans with a balance of $1 million or more jumped to a record 196,000 in the second quarter of 2019.

5 years ago

Target shares surge on same-day delivery boost

Target Corp raised its profit outlook for the year on Wednesday as its investments in same-day delivery and pick-up services increased traffic to its website and stores in the second quarter, sending shares up 17% to a record high.



5 years ago

U.S. markets regulator proposes new guidelines on shareholder advisers

The U.S. Securities and Exchange Commission on Wednesday proposed new guidance that aims to clarify how investors and advisory firms that vote on their behalf should cast their votes in corporate elections on issues like pay and diversity.



5 years ago

These moves can devastate your credit score

These moves can bring down your score. How to avoid them.

5 years ago

U.S. home sales jump, boosted by lower mortgage rates

U.S. home sales rose more than expected in July, boosted by lower mortgage rates and a strong labor market, signs the Federal Reserve's shift toward lower interest rates was supporting the economy.



5 years ago

Nestle to invest almost $250 million in Brazil over the next three years

Nestle SA said on Wednesday it will invest 1 billion reais (about $250 million) in Brazil's Sao Paulo state over the next three years to introduce new production lines and technologies in existing factories, as well as push forward a digital transformation.



5 years ago