Stocks open lower after Apple says coronavirus outbreak will hurt sales

February 18, 2020

Category: Activity, Trading

U.S. stocks traded lower Tuesday morning after Apple Inc. said late Monday that the viral outbreak in China would hurt its second-quarter results, reigniting fears that the disease may disrupt manufacturing supply chains and have broad implications for the global […]

More Americans feel confident about taking on debt — why they should exercise caution

February 11, 2020

Americans are more confident about their ability to take out credit than they were a year ago, according to the latest Survey of Consumer Expectations from the New York Federal Reserve. A year ago, more consumers believed they would have […]

Global Insurance Industry M&A Total Reached $12.92B in December

February 5, 2020

Category: Activity, Insurance

Total insurance industry merger and acquisition (M&A) deals in December 2019 worth $12.92 billion were announced globally, according to GlobalData’s deals database. The value marked an increase of 470.5% over the previous month and a rise of 336.3% when compared […]

Activity, Corporate Banking

Wells Fargo cuts 700 jobs, overhauls exec suite and invests $5m in crypto start-up

February 14, 2020

Via: Banking Technology

The job cuts, first reported by Bloomberg, will see “a portion” of roles move to India where the bank already houses roughly 12,000 tech employees. And despite cutting 200 US lending employees last year, the bank has now told around […]

Business Banking, Products

BofA integrates digital SMB tool with third-party platforms 

February 14, 2020

Via: Bank Innovation

Bank of America is enhancing the capabilities of its digital cash management tool for small businesses, Business Advantage 360, by integrating with third-party platforms, including QuickBooks, Run Powered by ADP, G Suite by Google Cloud and Google Analytics. “Businesses go […]

Activity, Trading

Stocks making the biggest moves in the premarket: PepsiCo, Alibaba, AIG, Kraft Heinz & more

February 13, 2020


(PEP) – The beverage and snack giant, with quarterly earnings of $1.45 per share. Revenue also beat forecasts. Organic revenue growth was a better-than-expected 4.3%, and the company said it is projecting a 4% growth rate for organic revenue in […]