By: Kate Rooney
Former Goldman Sachs macro trader Michael Novogratz is comparing recent growth in cannabis stocks to last year's record-setting gains in crypto. » Read More |
By: Mark Vandevelde
The biggest private equity firms have all but pivoted from private equity to private debt, joining a new breed of lightly regulated asset managers that have filled the void as banks are forced to retreat from risky deals, the FT reports. » Read More |
Wells Fargo is lowering its employee headcount by 5 to 10 percent in the next three years, the company announced Thursday.
Comcast is preparing for a situation where Fox, working in concert with Disney, increases its offer for Sky, sources say. An increased bid would force Comcast to bid higher for Sky, just as Comcast forced Disney to up its bid for Fox earlier.
Adobe is nearing an acquisition of Marketo, sources said. Private equity firm Vista bought Marketo for $1.8 billion in 2016. Adobe will pay substantially more, the people said.
Persistent rate increases in the United States may be having very negative impacts on the global economy.
Danske Bank said that its headquarters and its Estonian branch failed for years to prevent suspected money laundering involving thousands of customers, The New York Times reports.
Aurora Cannabis is planning to list its shares on a major U.S. stock exchange next month, according to the company.
Turkey's finance minister has slashed the country's economic growth targets and promised to cut public spending by nearly $10 billion as the country tries to rebuild shattered market confidence and find a way out of a currency crisis, The Financial Times reports.
In a major reversal, the Netherlands is considering shutting down the tax-avoidance benefits that made the country a magnet for international corporations like Netflix, Nike and Uber, the New York Times reports.
Developments are afoot from traditional banks and fintechs. As the competition intensifies, that could mean more rewards, fewer fees and higher savings rates for these younger adults. USAToday reports.
Aperture Investors is paying fund managers based on how the perform against the broader market, and will only charge higher fees than ETFS when they beat the market, according to a Wall Street Journal report.
Wells Fargo, the third-biggest U.S. bank, has yet to shake a scandal that emerged two years ago when the bank announced it was firing employees for creating fake accounts under a high-pressure sales culture.
The U.S. is winning the trade war with China in the short term but stands to lose significantly over the long term, BlackRock CEO Larry Fink said Thursday.
Stifel increases its price target to $38 from $21 for AMD shares, citing strong demand for its new products.
Kvaal attributes the slowdown in student debt growth to the fact that net tuition has been growing more slowly as of late and state spending on higher education has recently ticked up.
The "Fast Money" traders share their first moves for the market open.
Morgan Stanley says the gaming performance of Nvidia's latest graphics cards is below its expectations.
The "biggest vulnerability" for the financial system is the threat of cyberattacks, J.P. Morgan's Jamie Dimon said on Thursday.
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