The CEO predicts there’ll be half as many bankers in 10 years Nordea says it’s leading a mass industry metamorphosis The 6,000 job cuts announced last week at Nordea Bank AB are just a down payment for an industry facing radical overhaul, says Chief Executive Officer Casper von Koskull. “If somebody says, where are we, or where […]
JPMorgan Asset Doesn’t Think Much of Taiwan’s Stock Rally Outside of megacap Taiwan Semiconductor Manufacturing Co., Taiwan’s equity universe looks increasingly unappealing to Howard Wang. Wang, who oversees JPMorgan Asset Management’s Greater China fund, has cut its Taiwan holdings to 18 percent of the total from 25 percent two years ago, even as the island’s […]
Two weeks after an initial “show of unity,” when NFL players and, in many cases, their team owners, linked arms on Sept. 24 after President Donald Trump slammed the NFL the night before, Dallas Cowboys owner Jerry Jones flipped the script. At a press conference on Sunday after the Cowboys lost to the Green Bay Packers, Jones suggested the […]
(Reuters) – Viacom Inc and Charter Communications Inc agreed on a short-term extension of their renewal deadline, a source familiar with the matter said, as the companies aim to avoid the immediate blackout of Viacom networks. If no deal is reached, 16.6 million subscribers of Charter’s Spectrum service will lose Viacom’s networks, which include Comedy […]
There’s an interesting debate going on in the markets now: Has this year’s rally in stocks been all about tax reform and the rest of the Trump trade, or is something bigger at work? The market is up big this year, so it’s worthwhile to know whether the wind is at investors’ backs or if […]
The Russian government used antivirus software from the private Russian company Kaspersky to steal classified U.S. data, according to several recent reports. The revelations, following months of vague warnings from U.S. officials, suggest that the U.S. has “direct evidence that there are ways to remote into Kaspersky and pull data back without the user’s intention,” David Kennedy, a […]
The third quarter may not be a blowout like the most recent earnings season, but it is still seen as a reason to be bullish The U.S. stock market has been in a seemingly endless uptrend, and there is reason to think that won’t end anytime soon, as the next big trading catalyst should […]
With interest rates near zero for so many years and the slow pace of the Fed’s normalization policy, the central bank is low on dry powder to stimulate the economy during the next downturn, according to Peter Schiff. Veteran market expert Peter Schiff, CEO of Euro Pacific Capital, isn’t pleased with the Federal Reserve’s […]
A coalition of left-leaning states and environmental groups are vowing to fight the Trump administration’s move to kill an Obama-era effort to limit carbon emissions from coal-fired power plants. Speaking Monday in the coal-mining state of Kentucky, Environmental Protection Agency Administrator Scott Pruitt said he would be issuing a new set of rules overriding the […]
Rep. Steve Scalise (R-La.), who is recovering from being shot in the hip by a gunman during a congressional baseball practice in June, said Tuesday that the massacre in Las Vegas has “fortified” his stance on gun rights. In an interview with Fox News that aired Tuesday evening, Scalise dismissed calls for gun reform as “wrong” and said […]
Gold and silver bars are seen at the Kazakhstan’s National Bank vault in Almaty, Kazakhstan, September 30, 2016. REUTERS/Mariya Gordeyeva/File Photo By Apeksha Nair (Reuters) – Gold was mostly unchanged early on Thursday as the dollar held firm on strong U.S. services sector growth, with markets awaiting the key U.S. non-farm payrolls report on Friday. […]
Shares of Western Digital (WDC) continued to feel the pain from Toshiba’s (6502.JP/TOSYY) $17.8 billion deal to sell its flash memory chip business to a consortium led by Bain Capital that includes rival Seagate Technology (STX). Shares of Western Digital (WDC) continued to feel the pain from Toshiba’s (6502.JP/TOSYY) $17.8 billion deal to sell its flash memory chip business to […]
