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Visa’s New Tune on Card Signatures: Don’t Sign on the Dotted Line

Visa’s New Tune on Card Signatures: Don’t Sign on the Dotted Line

Visa, the largest U.S. card network, is ditching the signature required for customers to make debit and credit-card purchases.

Published 1 week ago

How to Lose 93% of Your Money… And Be Happy About It

How to Lose 93% of Your Money… And Be Happy About It

It has been a disastrous 10 years for “short” funds, but hopes of a market fall spring eternal.

Published 1 week ago

Larry Fink warns US interest rate rises will swamp tax reform gains

Larry Fink warns US interest rate rises will swamp tax reform gains

BlackRock’s assets hit $6.3tn as quarterly earnings are lifted by $1.2bn tax cut windfall

Published 1 second ago

JPMorgan’s Profit Hurt by Tax Law

JPMorgan’s Profit Hurt by Tax Law

JPMorgan said Friday that its fourth-quarter profit fell from a year earlier because of one-time charges related to the recently passed tax overhaul, while earnings excluding that impact were roughly flat.

Published 1 week ago

iPhones vs. Parents: The Tug of War Over America’s Children

iPhones vs. Parents: The Tug of War Over America’s Children

When to give your child a smartphone has become one of the most important decisions for parents, ever since the iPhone remade daily habits. The battle for attention pits families against some of the world’s largest companies.

Published 1 week ago

Saudi Arabia Takes Reins of Construction Giant Binladin Group

Saudi Arabia Takes Reins of Construction Giant Binladin Group

Saudi Arabia is assuming supervisory control of the Saudi Binladin Group and could take a stake in the construction giant, people familiar with the matter said, a sign of Crown Prince Mohammed bin Salman’s willingness to disrupt the established corporate order in the kingdom.

Published 1 week ago

How to Succeed in Business? Do Less

How to Succeed in Business? Do Less

Most top performers in business have one thing in common: They accept fewer tasks and then obsess over getting them right

Published 1 week ago

Strong US inflation signals rate rise in March

Strong US inflation signals rate rise in March

Treasury yields up as consumer prices increase at fastest pace in nearly a year

Published 1 second ago

Wells Fargo to close 900 branches despite $3.4bn tax boost

Wells Fargo to close 900 branches despite $3.4bn tax boost

US bank takes a $3.25bn pre-tax hit to earnings from litigation accruals

Published 1 second ago

AT&T building: the battle over New York’s Postmodern icon

AT&T building: the battle over New York’s Postmodern icon

Plans to remodel Philip Johnson’s once-derided ‘grandfather clock’ have sparked uproar over the loss of a PoMo masterpiece

Published 1 second ago

Trump Denies Using Crude Term During Immigration Discussion ’

Trump Denies Using Crude Term During Immigration Discussion ’

President Donald Trump on Friday denied he had questioned a day earlier why the U.S. would admit immigrants from “shithole countries,” but acknowledged he had used “tough” language, while criticizing an agreement on immigration legislation reached by a group of bipartisan senators.

Published 1 week ago

U.S. Consumer Prices Rose 0.1% in December

U.S. Consumer Prices Rose 0.1% in December

U.S. consumer prices rose in December, a sign that inflation ended the year on a somewhat stronger note.

Published 1 week ago

US core consumer prices rise by most since Jan 2017

US core consumer prices rise by most since Jan 2017

Core US consumer prices climbed at the quickest pace in nearly a year in December while retail sales cooled, data on Friday showed.

Published 1 second ago

Africans denounce Trump comments as racist and obscene

Africans denounce Trump comments as racist and obscene

US president shows no inclination to back down after reference to ‘shithole countries’

Published 1 second ago

German Engineering Yields New Warship That Isn’t Fit for Sea

German Engineering Yields New Warship That Isn’t Fit for Sea

Germany’s naval brass dreamed up a warship that could ferry marines into combat anywhere, go up against enemy ships and stay away from home ports for two years with a skeleton crew. But now it turns out it doesn’t work.

Published 1 week ago