Business & Finance articles

PARIS, FRANCE - DECEMBER 01:  The Apple logo is displayed on the facade of the new Apple store Saint Germain during the press day on December 01, 2016 in Paris, France. On December 3, Apple will inaugurate and open its new Apple store to the public at the "Marche Saint-Germain" (Saint Germain market).  (Photo by Chesnot/Getty Images)

Apple Arcade Could Be a Big Hit, But Its Value Won’t Be Realized Overnight

Apple Arcade Could Be a Big Hit, But Its Value Won’t Be Realized Overnight

Apple (AAPL) is aiming to take control of the highly lucrative, but hard-to-crack mobile games market. Apple Arcade, Apple’s forthcoming game subscription service, will be priced at $4.99 per month according to the blog 9to5Mac, which spotted the pricing details within the interface of an App Store listing of the new service. Apple shares closed 1.86% higher on Monday.

Huawei-Related Stocks Gain on License Extension From Trump Administration

Stocks of companies doing significant business with Huawei rose Monday after the Trump administration extended a key license for the the Chinese telecom giant. The Commerce Department said Huawei could continue to buy U.S. parts for another three months, providing something of an olive branch in the ongoing trade war between the U.S. and China.

China’s Currency Slide Could Hit Soft Spot in Trump Economy: U.S. Manufacturing

China’s surprise move to lets its currency weaken past a key exchange rate of 7 per U.S. dollar could worsen an ongoing slowdown among U.S. manufacturers, hitting President Donald Trump’s economy in a sector known for its abundance of high-paying blue-collar jobs. A weaker yuan would make it harder for U.S. manufacturers to export products to the Asian nation while


Fed Cuts Key Interest Rate for First Time Since Financial Crisis

Federal Reserve policymakers on Wednesday cut the benchmark Federal Funds rate by 0.25 percentage points to stimulate economic growth, in the first reduction since the financial crisis of 2008. The Fed’s monetary-policy committee lowered the Fed Funds rate’s target range to a 2%-to-2.25% range. “This action supports the committee’s view that sustained expansion of economic activity, strong

Capital One

Capital One Reports Data Breach Hitting 100 Million Customers

Capital One Financial Corp. (COF) said late Monday that a hacker got access to the personal information of more than 100 million of its credit card customers and applicants. Also on Monday, the alleged hacker, identified as Paige A. Thompson, was arrested by federal agents in Seattle, according to a published report. The breach would

New York Decriminalizes Marijuana Possession

New York became the latest state to push the marijuana-legalization issue forward after Gov. Andrew Cuomo on Monday signed a bill decriminalizing possession. Under the new law, unlawful possession of marijuana is a violation punishable by a fine. Individuals previously convicted of certain marijuana-related offenses will have their records expunged. “Communities of color have been

Streetcar Maker Aided By Buy-America Laws EU Firms Want Relaxed

Union Pacific Rallies 6.2% After Earnings Beat, But Freight Volumes Slide

Union Pacific (UNP)  posted stronger-than-expected second quarter earnings Thursday, even as freight revenue declined, easing investor concern over a trade-related slump in the U.S. transport sector. Union Pacific said earnings for the three months ending in June came in at $2.22 per share, up 12.1% from the same period last year and well ahead of

Target-Date Funds May Fall Short for Retirement Savers

Target-date funds, or what some call TDFs, have become the investment of choice for many folks saving for retirement. You buy one fund that is aligned with your anticipated year of retirement and you don’t have to do much else. But one expert says TDFs, while good on paper, fall short of being the ideal

Trump Tweets Facebook’s Libra ‘Will Have Little Standing or Dependability”

President Donald Trump tweeted late Thursday that Facebook, Inc.’s Libra   (FB)  virtual currency will have “little standing or dependability,” and suggested that the social media giant would have to seek a banking charter to proceed with the project. “If Facebook and other companies want to become a bank, they must seek a new Banking Charter


Disney Has What It Takes to Compete With Netflix

The streaming media and live TV worlds are colliding. That’s a key takeaway from State of OTT, a June 2019 ComScore presentation. The media analytics company set up measuring devices across 8,000 U.S. households to divine industry trends. What analysts found was shocking. It’s a wake-up call for investors. Netflix (NFLX) defined the rise of over-the-top