Dave and his bros are having a moment. A lesser-known player in the world of companies trying to displace basic checking accounts and other everyday financial transactions, Dave is planning to go public through — of course — a merger…
Read MoreDollar rises but still set for biggest weekly loss since May
NEW YORK (Reuters) -The dollar rose on Friday along with other safe haven currencies as stocks fell and as upbeat U.S. economic data helped reverse some of the losses from earlier this week when dovish remarks by the Federal Reserve…
Read MoreWall Street falls as Amazon earnings disappoint
(Reuters) -Wall Street’s main indexes fell on Friday following a glum quarterly earnings report from Amazon.com, while data showing a strong rise in June consumer spending reinforced optimism about a steady economic rebound.FILE PHOTO: A Wall Street sign is pictured…
Read MoreThe Fed’s favorite price index rose again in June, as consumer spending came in strong.
The Federal Reserve’s favorite inflation index climbed 4 percent in June compared with a year earlier, as a rebounding economy and strong demand for goods and services helped to push prices higher. The gains in the Personal Consumption Expenditures inflation…
Read MoreNonprofits Get a New Type of Donation: Cryptocurrency
The University of Pennsylvania recently announced a $5 million gift to Wharton, its business school. The donation was not one of its largest, but the university announced the gift with the type of fanfare it usually lavishes on gifts many…
Read MoreAeffe Swings to Profit, Reports 30.4% Growth in First Half Revenues
MILAN – Aeffe SpA on Friday reported a return to profitability and a 30.4 percent gain in revenues in the first half of the year, exceeding analysts’ consensus. By early afternoon, the fashion group’s shares on the Milan Stock Exchange…
Read MoreShowdown looms between drilling, homebuilding as Colorado communities look at keeping them apart
A showdown that has been building for several years on Colorado’s High Plains could come to a head as cities and counties take aim at trying to make room for two of the state’s major industries: homebuilding and oil and…
Read MoreWorld stocks head for sixth month of gains, $ near 1-mth low
LONDON (Reuters) – Global shares edged lower on Friday but remained on course for their sixth straight month of gains as solid corporate earnings and central bank largesse kept sentiment intact, while the dollar held near a one-month low.FILE PHOTO:…
Read MoreExxon posts highest profit in more than a year
FILE PHOTO: An Exxon sign is seen at a gas station in the Chicago suburb of Norridge, Illinois, U.S., October 27, 2016. REUTERS/Jim Young/File Photo(Reuters) – Exxon Mobil on Friday posted its first quarterly results following a contested board fight…
Read MoreChina Targets Costly Tutoring Classes. Parents Want to Save Them.
Zhang Hongchun worries that his 10-year-old daughter isn’t getting enough sleep. Between school, homework and after-school guitar, clarinet and calligraphy practice, most nights she doesn’t get to bed before 11. Some of her classmates keep going until midnight. “Everyone wants…
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