Markets

admin September 22, 2018

One of India’s most prominent bankers is being forced out of his job after more than 14 years. Yes Bank announced Friday that India’s central bank had ordered its founder and CEO Rana Kapoor to step down in January 2019. Its shares crashed nearly 30%, wiping around $3 billion off the bank’s market value. Kapoor’s […]

admin September 22, 2018

Google employees last year considered displaying pro-immigration information when people searched terms related to the Trump administration’s controversial travel ban. In emails obtained by The Wall Street Journal, employees suggested ways to show different results for “Islam,” “Muslim,” terms related to “Mexico,” “HIspanic” and “Latino,” and terms that the search algorithm deemed prejudiced or Islamophobic. […]

admin September 22, 2018

The world’s most popular service for live-streaming video games may have just lost a big potential market. Twitch, which is owned by Amazon (AMZN), is no longer accessible to users inside China. It has also disappeared from Apple’s (AAPL) iOS App Store in China. A spokesman for Twitch confirmed Friday that the service, which lets […]

admin September 22, 2018

A federal agency is suing Walmart for discriminating against pregnant employees. The US Equal Employment Opportunity Commission (EEOC) said on Friday that it had filed a class action lawsuit alleging that Walmart violated the law when it refused to accommodate pregnant employees’ requests for a lighter work load. According to the EEOC, Alyssa Gilliam and […]

admin September 21, 2018

Driving full speed into a turn at the Sonoma Raceway, GoPro VP Rick Loughery flipped his go kart and crashed spectacularly, grinding to an upside-down halt on the side of the track. His co-workers let out a chorus of “ooohs!” before one quietly said what they all seemed to be thinking: “I hope he’s OK […]

admin September 21, 2018

The head of a big publicly traded pot company said he’s preparing for potential changes that will make his products available in America. Cannabis is still illegal in the United States under federal law, even though a number of states have legalized marijuana. But Bruce Linton, the co-founder and CEO of Canopy Growth (CGC), told […]

admin September 21, 2018

Wells Fargo plans to cut as many as 26,500 jobs over three years as the troubled bank grapples with the rise of online banking and soaring legal bills. CEO Tim Sloan said on Thursday that Wells Fargo (WFC) plans to cut 5% to 10% of its 265,000-person workforce. He cited “changing customer preferences,” including the […]

admin September 21, 2018

What trade war? The Dow just soared to its first record high since late January. The milestone shows that Wall Street is mostly unfazed by the escalating trade clash between the United States and China. The Dow’s 251-point leap on Thursday marked its 100th record close since President Donald Trump’s election, according to S&P Dow […]

admin September 20, 2018

United and JetBlue did it. Now it’s Delta and American’s turn. Both airlines have raised the prices of the first and second checked bags by $5 each. The first checked bag will cost $30, up from $25, for flights in North America and to some other destinations. The second bag will cost $40, up from […]

admin September 20, 2018

How can I get down-side risk protection with robo-advisors? Robo-advisors have remade the investing landscape: they’re simple, low cost and passive investments almost always outperform active investments over the long term. For most people, the set-and-forget mode of passive investing will produce better results than trying to manage your own portfolio — or not investing […]