We Asked Daves About Dave, Marcus and Other First-Name Money Apps

Dave and his bros are having a moment. A lesser-known player in the world of companies trying to displace basic checking accounts and other everyday financial transactions, Dave is planning to go public through — of course — a merger with a blank-check company. The deal that Dave (backed by a Mark, in this case Cuban) struck last month would […]

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Bruce Cotterill: Getting National back on the winning track

OPINION: They say it’s the hardest job in politics. I suspect it’s harder than that. I imagine that the role of anentire party in opposition is a difficult one. But the role of leader is really tough. Right now, the Nats need a refresh. If you think for a moment about how a political party ends up in opposition, first […]

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Wall Street declines with Amazon; S&P 500 on track for monthly gain

NEW YORK (Reuters) – U.S. stocks were lower in afternoon trading on Friday with Amazon.com falling after it forecast lower sales growth, but the S&P 500 was still on track to post a sixth straight month of gains.FILE PHOTO: A Wall Street sign is pictured outside the New York Stock Exchange in New York, October 28, 2013. REUTERS/Carlo AllegriAmazon.com Inc […]

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L Brands Agrees to New Policies Tied to Sexual Harassment Claims

L Brands, the owner of Victoria’s Secret and Bath & Body Works, will release current and former employees from nondisclosure agreements tied to sexual harassment claims and take steps to to promote diversity, equity and inclusion as part of a settlement with shareholders announced on Friday. The company, which plans to separate Victoria’s Secret and Bath & Body Works into […]

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Credit Suisse chairman doubles down with $1 million stock purchase

FILE PHOTO: The headquarters of Swiss bank Credit Suisse are seen at the Paradeplatz square in Zurich, Switzerland March 24, 2021. REUTERS/Arnd Wiegmann/File PhotoZURICH (Reuters) – Credit Suisse Chairman Antonio Horta-Osorio has bought another 1 million Swiss francs ($1.1 million) worth of shares in the group as he tries to restore order to Switzerland’s second-biggest bank. Regulatory filings showed a […]

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The Fed’s Favorite Price Index Rose 4 Percent. What Comes Next?

The Federal Reserve’s preferred measure of inflation climbed by 4 percent in June compared with a year earlier, as a rebounding economy and strong demand for goods and services helped to push prices higher. The gains in the Personal Consumption Expenditures inflation index were the fastest since 2008, but in line with economists’ expectations. That rapid pace is not expected […]

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Glum Amazon earnings set to weigh on Nasdaq, S&P 500

(Reuters) -Wall Street’s main indexes were set to fall on Friday following a glum quarterly earnings report from Amazon.com, while data showing a strong rise in June consumer spending reinforced optimism about a steady economic rebound.FILE PHOTO: A Wall Street sign is pictured outside the New York Stock Exchange in New York, October 28, 2013. REUTERS/Carlo AllegriAmazon.com Inc tumbled 6.9% […]

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Glum Amazon earnings drag Nasdaq futures down 1% ahead of inflation data

(Reuters) – Nasdaq futures fell 1% on Friday after an underwhelming quarterly earnings report from Amazon.com, while investors looked to a key inflation report for cues on the pace of a domestic economic recovery.FILE PHOTO: A Wall Street sign is pictured outside the New York Stock Exchange in New York, October 28, 2013. REUTERS/Carlo AllegriAmazon.com Inc tumbled 6.3% in premarket […]

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