Wanted: a seasoned executive to take the top position at a troubled technology start-up. Must be willing to fix a broken culture, deal with an aggressive predecessor, battle a risky lawsuit and prepare the company for an initial public offering. Self-starters preferred. This is essentially the pitch that Uber is making to potential chief executive […]
Read moreU.S. producer prices unexpectedly rose in June as sustained increases in the cost of services offset declining energy prices, suggesting a recent moderation in inflation was likely temporary. The Labor Department said on Thursday its producer price index for final demand ticked up 0.1 percent last month after being unchanged in May. In the 12 […]
Read moreThe number of Americans filing for unemployment benefits fell last week for the first time in a month, the latest indication of labor market strength that is sustaining economic growth. Initial claims for state unemployment benefits dropped 3,000 to a seasonally adjusted 247,000 for the week ended July 8, the Labor Department said on Thursday. […]
Read moreThe Securities and Exchange Commission takes a fine-toothed comb through any suspicious activity, but rarely do allegations include a suspect searching online how to avoid the agency. Massachusetts Institute of Technology research scientist Fei Yan was arrested Wednesday on federal charges of insider trading. Prosecutors say Yan searched “how sec detect unusual trade” before he […]
Read moreStifel upgraded Snpachat-parent Snap shares to buy from hold on Thursday a day after the stock hit a new low since its March IPO. Analyst Scott Devitt said in a note Thursday that some of the worries surrounding Snap could be overblown: Competition from Instagram remains a chief concern for investors, though recent app download […]
Read moreCurrency, United States Finance
Germany ups barriers to foreign buyouts in bid to diminish Chinese appetites
Germany has reacted to last year’s foreign dealmaking frenzy by raising the bar on criteria for overseas acquirers seeking to snap up domestic targets in tech-heavy industries. A new directive adopted on Wednesday broadens the remit of an existing law which currently enables the government to block a non-European Union (EU) buyer from acquiring more […]
Read moreDo you earn enough to settle down in the swankiest parts of America? A 2017 GOBankingRates report that determined what it costs to live in the most expensive ZIP codes across the country will help you find out. The site looked at the cost of living in each ZIP code, factoring in median home values […]
Read moreThe market has plenty of reasons to keep on rallying, according to closely followed Wharton finance professor Jeremy Siegel. In an interview Wednesday on CNBC’s “Trading Nation,” the perennial bull acknowledged that optimism following the election of President Donald Trump “drove this stock rally last November, December, January.” Yet he’s not as worried as some […]
Read moreWith the third Amazon Prime Day now over, industry experts are contemplating whether the e-commerce giant’s annual day of deals will ever achieve the same status as consumer calendar events like Cyber Monday and Black Friday. “Amazon is absolutely trying to create an event with the retail black-hole-like gravitational field of a Black Friday or […]
Read moreBritish Prime Minister Theresa May said she cried a “little tear” when an exit poll revealed she had failed to win an overall majority in a June 8 snap election. May told BBC radio she felt “devastated” when the results came in, revealing she had lost her parliamentary majority, despite her call on Britons to […]
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