Swiss financial markets authority FINMA has found that the Swiss subsidiary of U.S. investment bank JPMorgan broke anti-money laundering rules, a Swiss court document showed. FINMA ruled on June 30 that JPMorgan Switzerland had “seriously infringed” regulatory oversight provisions, according to a ruling issued by the Federal Administrative Court on Nov. 8 and published on […]
Read moreWal-Mart is planning to test Tesla‘s electric trucks, the company said Friday. “We have a long history of testing new technology – including alternative-fuel trucks – and we are excited to be among the first to pilot this new heavy-duty electric vehicle,” the company said in a statement to CNBC. “We believe we can learn […]
Read moreVenezuela, one of Latin America’s biggest oil producers, has an import problem that could shock the global market and send U.S. refiners on the hunt for replacement supplies. Venezuela’s crude production has been steadily declining as the oil-dependent state slogs through an economic crisis precipitated by years of government mismanagement and exacerbated by a prolonged […]
Read moreThough stock market prices have held up in November, investors generally are running from risk at a near-record pace. Judging from the flow of money out of high-yield bonds, investors are getting increasingly leery of a market that continues to hover around record levels, despite a handful of rough trading sessions in November and a […]
Read moreStitch Fix shares began trading on the Nasdaq stock exchange at $16.90 apiece Friday morning, having priced at $15 the night before. The stock skyrocketed more than 20 percent on its debut and was last climbing around 16 percent. Stitch Fix Thursday evening raised $120 million in a downsized IPO that priced below its indicated […]
Read moreDavid Damavandi should be an Amazon success story. Using the company’s marketplace, the 31-year-old entrepreneur built a skin care business to more than $10 million in annual revenue in seven years, thanks in large part to having the most popular facial steamer on Amazon.com. But rather than gearing up for Cyber Monday and a potential […]
Read moreTesla’s newly revealed electric semi and sports car surprised and exceeded some analyst expectations, but the Thursday night event did little to answer some of the lingering questions and concerns over the company. Tesla gave some needed information on its Class 8 electric semi truck — such as its range, which was higher than many […]
Read moreShares of Foot Locker spiked 30 percent Friday after the shoemaker posted stronger-than-expected earnings. If shares close at those levels, it will be the company’s single best trading day since 1977. Foot Locker posted adjusted earnings per share of 87 cents versus an average analyst estimate of 80 cents. The company also beat expectations on […]
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Most newer Android phones support Google’s affordable Daydream View VR headset. Just plop in your smartphone, put on the headset, and you’ve entered into Google’s world of virtual reality, with apps such as Netflix VR, HBO Go VR, games and more. An included remote can be used to navigate the experience, which I promise you […]
Read moreAngry gamers are winning the war against Electronic Arts’ controversial money-making strategy in its new “Star Wars Battlefront II” game. Wall Street is taking notice and lowering its expectations for the title’s financial prospects. The company announced Thursday it is temporarily turning off all in-game purchases in “Star Wars Battlefront II” in response to the […]
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