Tue, 28 Mar 2017 09:22:06 EDT
As the political drama over health care legislation in Washington fades, the rest of the country faces a more immediate concern: Getting insurance for next year.
Tue, 28 Mar 2017 09:15:57 EDT
U.S. home prices jumped in January from a year earlier at the fastest pace in nearly 2 ½ years, as a tight supply of houses for sale spurred bidding wars in many cities.The Standard & Poor's CoreLogic Case-Shiller 20-city home price index increased 5.7 percent in...
Tue, 28 Mar 2017 08:53:12 EDT
With hedge funds, corporate executives and even companies backing away from equities, the post-election rally is increasingly reliant on the little guy.
Tue, 28 Mar 2017 08:44:54 EDT
Chinese Internet giant Tencent Holdings Ltd. purchased a 5 percent stake in Tesla Inc. as the electric-car maker run by Elon Musk races to bring his critical Model 3 sedan to market later this year.
Tue, 28 Mar 2017 08:35:54 EDT
Ride-hailing group Uber Technologies will withdraw services in Denmark next month due to a taxi law that sets out new requirements for drivers such as mandatory fare meters, the company said on Tuesday.
Tue, 28 Mar 2017 08:01:24 EDT
Evercore Partners Inc.'s Ed Hyman warned that rising debt levels in China are bound to eventually disrupt the nation's economy."China's a mess, and at some point it's going to blow up," Hyman said Monday in an interview on Bloomberg Television. "They have a ton of debt,...
Tue, 28 Mar 2017 07:52:07 EDT
If you're investing in health care stocks, you'd better ask the experts.Thanks to the advice from a range of professors, Swedish hedge fund Rhenman Healthcare Equity L/S has delivered an average annual return of 21 percent since it started in 2009. Asking clinical expertise...
Tue, 28 Mar 2017 07:36:51 EDT
Artificial intelligence (AI) will become the primary way banks interact with their customers within the next three years, according to three quarters of bankers surveyed by consultancy Accenture in a new report.
Tue, 28 Mar 2017 07:28:51 EDT
Federal Reserve Bank of Chicago President Charles Evans said two interest-rate increases may be the right amount of tightening for the U.S. economy this year given uncertainty surrounding the outlook for inflation and government spending."To the extent that I gain more...
Tue, 28 Mar 2017 07:03:03 EDT
In stating on Friday that Republicans are "going through the inevitable growing pains of being an opposition party to becoming a governing party," House Speaker Paul Ryan was identifying a phenomenon that has challenged many new governments around the world -- and tripped...
Tue, 28 Mar 2017 06:49:41 EDT
President Donald Trump is establishing a new White House office run by his son-in-law that will seek to overhaul government functions using ideas from the business sector.Trump announced the White House Office of American Innovation in a memo Monday. "The office will focus...
Mon, 27 Mar 2017 17:32:52 EDT
Tesla Inc. founder and Chief Executive Elon Musk has launched a company called Neuralink Corp through which computers could merge with human brains, the Wall Street Journal reported, citing people familiar with the matter.Neuralink is pursuing what Musk calls the "neural...
Mon, 27 Mar 2017 14:03:45 EDT
Bill Gross has reached a roughly $81 million settlement of his lawsuit against Pacific Investment Management Co, ending a bitter 2-1/2-year drama over the departure of the star bond investor from one of the world's biggest money managers.
Terms of the accord were not...
Mon, 27 Mar 2017 13:52:17 EDT
As investor panic spreads about the plunging prices of used cars in the U.S., one company and its high-profile top investor are enduring the biggest beating: Hertz Global Holdings Inc. and billionaire Carl Icahn.
Mon, 27 Mar 2017 12:40:48 EDT
Snap! The maker of Snapchat is enjoying a sudden rush of love from sell-side analysts.
Banks including Goldman Sachs Group Inc., Morgan Stanley and JPMorgan Chase & Co. on Monday issued a raft of 'buy' or 'neutral' ratings on newly-listed Snap Inc. stock. The...
Mon, 27 Mar 2017 11:00:25 EDT
Carlos Slim, the Mexican tycoon with an estimated net worth of $54.5 billion, plans to build cars in Mexico in a joint venture with China's JAC Motors.Two Chinese-designed and largely Chinese-manufactured sport utility vehicles will be announced on Tuesday for Mexico's...
Mon, 27 Mar 2017 10:33:54 EDT
The weekend started with the absence of a vote on the Trumpcare replacement for Obamacare.President Trump has suggested the failure to achieve his campaign pledge was due to the Democrats in Congress stating: "If Democrats got together with us, and got us a real healthcare...
Mon, 27 Mar 2017 08:10:03 EDT
Qatar's Sovereign Wealth Fund said on Monday it would open an office in San Francisco to expand its growing U.S. portfolio, and was still considering investing in a technology fund formed by SoftBank Group Corp.
Mon, 27 Mar 2017 07:41:48 EDT
Apple said purported hacking vulnerabilities disclosed by WikiLeaks this week have all been fixed in recent iPhones and Mac computers.The documents released by the anti-secrecy site Thursday morning pointed to an apparent CIA program to hack Apple devices using techniques...
Mon, 27 Mar 2017 07:11:04 EDT
Japanese manufacturers are wary of a possible U.S. border tax, with just over half expecting profits to take a hit if the United States slaps a 20 percent levy on imports, a Reuters poll showed on Monday.
In response, they are thinking of cutting costs, increasing...