WINDSOR, a community of 6,200 people two hours outside Albany in New York state, offers many of the amenities commonly found in a small town, including a bakery, a car-repair outfit and several restaurants. There is just one thing missing: a bank. The town’s only financial institution, First Niagara Bank, shut its doors in October. […]
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IN THE film “The Devil Wears Prada”, the character of Miranda Priestly, whose role is based on a feared Vogue editor, scolds her new assistant for not understanding fashion. Fashion, she tells her, is whatever a select group of designers and critics says it is. What she does not say, however, is that their judgments […]
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CAST your mind back to when Bill Clinton was president, Tony Blair and Vladimir Putin were fresh-faced new leaders and tweeting was strictly for the birds. That was when technology stocks, as measured by the S&P 500 tech index, last traded at their current levels. The horrendous decline in share prices that followed the peak […]
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IN DIFFERENT circumstances the two people could be good friends. Each is rather shy and very smart. And each is passionate about bitcoin, a digital currency. One invented hashcash, which foreshadowed components of the crypto-currency; the other is the author of the first Chinese translation of the white paper in which Satoshi Nakamoto, the elusive […]
Read moreShares of Southwest Airlines were hit hard in early Thursday trading before recovering slightly. Investors were expressing concern over slower unit revenue growth. Despite reporting better-than-expected quarterly earnings and revenue Thursday, the stock was down more than 7 percent at one stage. Here’s what Southwest reported versus what Wall Street was expecting: Earnings per share: […]
Read moreIn a dark conference room lit up by large electronic screens scattered across the walls, dozens of engineers are huddled over computers, trying to safeguard their network from hackers. The room is the Black Hat Network Operations Center at the Mandalay Bay Hotel in Las Vegas, where 15,000 cybersecurity professionals from companies like FireEye and […]
Read moreYouTube’s head of music confirmed that the company is planning on merging its Google Play Music service with YouTube Red to create a new streaming offering. During a panel session for the New Music Seminar conference in New York, Lyor Cohen stated that the company needed to merge the two services to help educate consumers […]
Read moreFacebook‘s co-founder and chief executive, Mark Zuckerberg, looks like he has the next five years planned out, and as a result shares of the social network are cheap, CNBC’s Jim Cramer said Thursday. Facebook stock was up about 5 percent Thursday morning at around $175 per share, a day after the company reported quarterly earnings […]
Read moreStarting a 401(k) plan is the most popular way for many in the workforce to grow their nest egg for retirement. Whether you’re a millennial thinking about moving from one job to another, or a veteran of the workforce making a career change, financial experts say it’s key to know your options when it comes […]
Read moreWall Street sees Amazon posting a decline in profit compared to last year when it reports second-quarter results Thursday, as the company continues to invest in new areas like video, hardware devices, and international expansion. Amazon is expected to report second-quarter profit of $1.41 per share, down from the $1.78 per share reported a year […]
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