Business

ECB Seeks Clarity on Economy Before Next Move

European Central Bank President Mario Draghi said policy makers needed to better understand what has caused a moderation in economic growth before they can decide on the future of the bank’s bond-buying program.

    Business

    U.S. Jobless Claims Drop to Lowest Level Since 1969

    The number of Americans applying for unemployment benefits fell to the lowest level since 1969, the latest sign the labor market is firming after years of steady job growth.

      Investing

      Core Brands And Healthy Portfolio Drive Growth For Coca-Cola

      The Coca-Cola Company had a solid start to 2018, posting results that beat consensus estimates on both revenues and earnings. As has been the case in recent quarters, the refranchising efforts were a 26% headwind to the revenues,... On the other hand, org

        Finance

        The CEO of a bank that hit a $1.7 billion valuation in less than 3 years talks to us about US expansion and 'building something bigger than' HSBC

        Banking startup Revolut raised $250 million on Thursday at a valuation of $1.7 billion. It makes Revolut one of the fastest tech companies to reach unicorn status in Europe.  CEO Nikolay Storonsky tells BI he thinks Revolut can keep growing at pace a

          Finance

          London banking startup Revolut is now worth $1.7 billion — just 33 months after launching

          Fintech Revolut raised $250 million at $1.7 billion valuation. Russian billionaire Yuri Milner's DST Global led the funding round. Funding will fuel international expansion and hiring. Revolut started as a no-fee foreign exchange app but has expanded into

            World

            ECB set to hold steady this week amid slower growth

            The European Central Bank (ECB) is set to hold steady this week as recent economic indicator points towards a slowdown of the euro zone economy.

              United States

              New York taxi drivers call for pay guarantee, limits on cars for hire

              NEW YORK (Reuters) - New York's yellow taxi drivers on Wednesday joined with drivers for Uber and other app-based ride services at a rally to call for guaranteed minimum pay and limits on growth in the number of cars for hire in the largest U.S. city.

                Technology

                Samsung Elec flags mobile weakness after record first quarter profit

                SEOUL (Reuters) - Samsung Electronics Co Ltd said weakness in the global smartphone market would slow earnings growth, as it reported record quarterly profit on Thursday thanks to strong demand for semiconductors used in servers.

                  Investing

                  Will China Again Drive Growth For Starbucks In The Second Quarter?

                  Starbucks (NASDAQ: SBUX) is scheduled to report its second quarter (three months ended March 2018) earnings on April 26, wherein a rise in both revenues and earnings is anticipated. While the revenue growth is expected to be boosted as a result of the com

                    Australia

                    Does anyone remember when we worried about rising inflation? | Greg Jericho

                    Inflation continues to grow at below-target levels, even while tax revenue increases. This presents a challenge for the treasurerIn the run up to the May budget, Australia’s economy continues to show little sign of retuning to normal levels of inflation

                      Business

                      Qualcomm, Inc. Begins Layoffs

                      When Qualcomm (NASDAQ:QCOM) was in the midst of trying to block a takeover by fellow chip giant Broadcom, the former came out and pledged to cut $1 billion in costs in order to help it achieve its long-term earnings-per-share growth target. This artic

                        Politics

                        Emmanuel Macron Takes Aim At Trump On Climate Change In Congressional Address

                        Some people care more about job growth than the survival of future generations, he said.

                          Business

                          Electric Vehicles Begin To Bite Into Oil Demand

                          Projections have suggested that the advent of electric vehicles would have a dramatic impact on oil demand, and now it's starting to show with buses. But oil traders need not sweat -- there's another sector with strong petroleum demand growth that should

                            Finance

                            McDonald's makeover has 'tremendous potential'

                            McDonald's sales remain sluggish but will pick up in the second half of 2018, according to RBC.  Same-store sales rose slightly in March, driven by improving industry trends and a recovery breakfast demand.  RBC sees potential in McDonald's make

                              Business

                              Takeda Nears Shire Deal as Japanese Companies Chase Growth Overseas

                              Takeda is near a deal worth more than $60 billion to buy European drugmaker Shire, having raised its bid four times in a sign of how ardently Japan’s legacy companies are pursuing growth abroad as sales at home slow.

                                World

                                Face to Face: Saudi Arabia-Iran

                                An in-depth look at the military spending, the economy and the drivers of growth for the two regional rivals.

                                  Technology

                                  Twitter reports profit for second quarter in a row and adds 6m new users

                                  Company posts first-quarter profit of $61m on revenues of $665m, comfortably ahead of analysts’ expectationsIt’s taken 12 years, but Twitter is now a money-maker. The social media company reported its second profitable quarter on Wednesday, driven by

                                    Business

                                    Boohoo proves doubters wrong with surging sales

                                    The finance boss of Boohoo has said a hefty jump in sales and profits has helped calm market concerns over the online fashion firm’s growth plans.

                                      Finance

                                      Twitter is whipsawing after posting its 2nd-ever quarterly profit (TWTR)

                                      Twitter reported first quarter earnings on Wednesday that topped analyst expectations.  The company said it earned an adjusted $0.16 per share where Wall Street had expected $0.12.  Shares rose more than 5% in early trading before giving up much

                                        Business

                                        Aston Martin CEO: ‘We’ve seen this explosion of growth in China’

                                        Luxury British carmaker Aston Martin is expanding in China, the world's biggest car market, on the back of positive growth figures, the company's CEO said Wednesday.

                                          United States

                                          Higher interest rates and rising costs are a bad brew for stocks

                                          Stocks are facing the double headwinds of rising interest rates and rising input costs, which could slow down earnings growth and pressure margins.

                                            Investing

                                            Edelman Financial On Culture, M&A & Trends In Service Models

                                            Rene Chaze, Chief Development Officer of Edelman Financial Services, recently talked with Julie Cooling, CEO and Founder of RIA Channel, about Edelman’s history and how trends in mergers & acquisitions help further the firm’s growth.

                                              Investing

                                              Amazon Celebrates 20 Years Of Stupendous Growth As 'Earth's Most Customer-Centric Company'

                                              Since 2011, the company has invested $150 billion worldwide on fulfillment networks, transportation capabilities and ad technology infrastructure. Through all this activity it added 130,000 new jobs in 2017 alone.

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