January 19, 2019

Exclusive: U.S. demands regular review of China trade reform

The United States is pushing for regular reviews of China's progress on pledged trade reforms as a condition for a trade deal - and could again resort to tariffs if it deems Beijing has violated the agreement, according to sources briefed on negotiatio...
January 19, 2019

GM warns workers in Brazil on losses, tough turnaround plan

General Motors Co has warned employees in Brazil that new investments there depend on a painful plan to return to profit in the country, according to a memo seen by Reuters on Saturday.
January 19, 2019

BlackRock accidentally posted spreadsheets full of information on thousands of financial advisors that use its ETFs, calling some ‘dabblers’ and others ‘power users’

According to a Bloomberg News story, multi-trillion-dollar asset manager BlackRock accidentally posted a link to spreadsheets full of information on the firm's advisor clients to its iShares ETF website. The spreadsheets repo...
January 19, 2019

International money transfers hit $613 billion this year — here’s what young, tech savvy users value most about them

This is a preview of a research report from Business Insider Intelligence, Business Insider's premium research service. To learn more about Business Insider Intelligence, click here. Current subscribers can read the report here...
January 18, 2019

Tesla sinks after Elon Musk announces layoffs amid Model 3 production ramp (TSLA)

Tesla CEO Elon Musk sent a letter to employees Friday morning informing them the company was cutting 7% of its workforce.  Musk said the layoffs were coming as the company begins production of its $35,000 Model 3. Tesla ...
January 18, 2019

JPMorgan CEO Jamie Dimon just took home a $31 million pay packet — despite the bank’s share price dropping 9% last year

Jamie Dimon will receive a larger pay packet than last year after JPMorgan's "strong performance" in 2018.  The bank's CEO will earn $31 million, up from $29.5 million in 2017, a 5% raise.  JPMorgan shares fell 9% i...
January 17, 2019

UK demand for credit cards and mortgages is collapsing as Brits brace themselves for the shock of Brexit

The Bank of England's Credit Conditions Survey outlines a slowdown in demand for mortgages and credit cards ahead of the UK leaving the European Union on March 31.  UK lenders expect to see demand for mortgages to fall t...
January 17, 2019

Warren Buffett might be looking to buy these 12 stocks, Wells Fargo says

Warren Buffett, the chairman and CEO of Berkshire Hathaway, has long been known as a value investor. "Value" can be measured many different ways — from "price-to-book" to "price-to-earnings" — to gauge a stock's v...
October 19, 2018

U.S. existing home sales fall for sixth straight month

U.S. home sales fell in September by the most in over two years as the housing market continued to struggle despite strength across the broader economy.
October 19, 2018

Honeywell profit beats on strong aero, warehouse automation sales

Honeywell International Inc beat expectations for third-quarter profit on Friday and lifted its full-year forecasts for cash flow and margins as it rode a boom in e-commerce driven warehouse investment and aircraft production.