Social Finance, an online lender that has been one of the more prominent financial technology start-ups, said on Monday that its co-founder and chief executive Mike Cagney planned to step down by the end of the year. The development follows claims and a lawsuit over sexual harassment at the San Francisco-based start-up, which is known […]
Read moreApple is working with partners to test whether its smartwatch can be used to detect common heart conditions, an effort that would make its device a “must have” for millions of people worldwide. The company is partnering up with a group of clinicians at Stanford, as well as telemedicine vendor American Well, to test whether […]
Read moreStocks in Asia continued their ascent on Tuesday, following a firm lead from Wall Street as concerns faded over the potential damage of Hurricane Irma and as Korean Peninsula tensions took a backseat. Japan’s Nikkei 225 rose 1.08 percent in early trade as the dollar held onto overnight gains against the yen. Across the Korean […]
Read moreChina’s ban on initial coin offerings (ICO) is a necessary move to stop illegal fundraising and pyramid schemes but should not stop firms from studying blockchain technology, a senior central bank official told the Financial News newspaper on Tuesday. Sun Guofeng, director general of the People’s Bank of China’s research institute, said in an interview […]
Read moreChinese U.N. Ambassador Liu Jieyi called on North Korea to “take seriously the expectations and will of the international community” to halt its nuclear and ballistic missile development, and called on all parties to remain “cool-headed” and not stoke tensions. Liu said relevant parties should resume negotiations “sooner rather than later.” To kick-start talks, China […]
Read moreIt’s rare that CNBC’s Jim Cramer comes across stock market sentiment as optimistic as Monday’s, where investors see the glass half full but consider it to be brimming. “In the last 72 hours, we have seen a whole slew of events that might normally give investors pause or make them think, reflect. Instead, this time, […]
Read moreThe United Nations Security Council unanimously stepped up sanctions against North Korea on Monday over the country’s sixth and most powerful nuclear test conducted on Sept. 3, imposing a ban on the country’s textile exports and capping imports of crude oil. It was the ninth sanctions resolution unanimously adopted by the 15-member council since 2006 […]
Read moreAs the proxy fight between activist investor Nelson Peltz and Procter & Gamble continues, P&G President and CEO David Taylor offered a rebuttal to some of Peltz’s suggestions on CNBC. “He’s proposed some things that could be very dangerous to the short term, which is reorganize the company right now, and he’s proposed something very […]
Read moreThe Chinese National Congress is set to meet in mid-October, and some predict the session will have wide-reaching implications for global markets and the economy. Discussions around the growth of the country’s debt in recent years will be particularly consequential, said Chad Morganlander, portfolio manager at Washington Crossing Advisors. “One critical thing to watch is […]
Read moreCheck out the companies making headlines after the bell: Shares of American Eagle Outfitters fell nearly 3 percent. The retailer declared a quarterly dividend 12.5 cents a share, the same amount it has declared since May of 2013, according to a review of press releases on the company’s website. Kroger‘s stock dipped slightly after multiple […]
Read more