industrial news
American Express Expands Gold Card Restaurant Rewards, Tempting Consumers Away From Lucrative Travel Perks
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Credit-card companies are offering more generous dining-oriented rewards. Read more
Revolve Closes Its First Trading Day Up 90%
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Revolve, which priced at $18, closed the day up more than 94% at $34.65. Read more
Economic Report: Heres Another Bad Sign In The Jobs Report
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It’s bad enough that the U.S. added 75,000 jobs in May. Drilling down further into the report, there’s another worri... Read more
Vitaliy Katsenelson's Contrarian Edge: These Opposite Investment Strategies Are Battling To Control Your Stock Portfolio
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Growth-stock investors can gloat over value investors — for now, writes Vitaliy Katsenelson. Read more
Chase Is Bringing Forced Arbitration Clauses Back To Its Most Popular Credit Cards
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Consumers may be able to opt out of the change, but could find other banks following suit. Read more
The Wall Street Journal: SoftBanks Bid To Raise New $100 Billion Fund Gets Frosty Reception From Money Managers
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SoftBank Group Corp.’s bid to raise a second mega fund has met with a chilly reception from some of the world’s bigg... Read more
The Ratings Game: Canada Goose Downgraded After Biggest Percentage Decline For Stock Since IPO
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Canada Goose was downgraded at Bank of America a day after the company reported a sales miss and its stock took a plunge... Read more
The New York Post: JPMorgan Chase Agrees To Historic $5 Million Parental-leave Settlement With Fathers
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JPMorgan Chase on Thursday agreed to pay a bombshell $5 million to hundreds of men who claimed they weren’t given the ... Read more
Market Snapshot: Stocks Close Slightly Higher As Trade-inspired Selloff Pauses
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U.S. stocks close slightly higher Thursday as bond yields halted their slide, giving the market a reprieve from relentle... Read more
The Wall Street Journal: Blackstone Sells More Than $1 Billion Of Its Stake In Home-rental Business
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Blackstone Group LP is cashing in on its bet on the suburban rental class. Read more
Economic Report: Mortgage Rates Slide To Match The Lowest Of 2019 As Trade War Heats Up
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Rates for home loans fell again, in what should be a bonus for home shoppers, if they could find homes to buy and scrape... Read more
U.S. Consumers May Finally Embrace Tap Payments As New York Subways Ready Contactless Rollout
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The U.S. has been slow to embrace tap-to-pay transactions, but history suggests that a turning point may be near. Read more
Bank Of America Will Offer Mortgages Without Origination Fees For A Limited Time
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Savvy borrowers can saves thousands of dollars by leveraging competing offers from lenders. Read more
The Wall Street Journal: GE Plans On Fixing Financial Arm — But First Trains Eye On Power Unit, CEO Culp Says
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Larry Culp, General Electric Co.’s chief executive, plans to set his sights on the company’s problematic financial-s... Read more
The Wall Street Journal: SEC Accuses Developer Robert Morgan Of Scamming Investors
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The federal government accused one of the nation’s largest landlords with running a “Ponzi scheme-like” effort us... Read more
The Wall Street Journal: CEO Jamie Dimons Pay Package Narrowly Approved By JPMorgan Shareholders
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JPMorgan Chase & Co. investors voted to approve Chief Executive James Dimon’s pay at the bank’s annual meeting o... Read more
The Fed: Facing Criticism, Powell Argues Business Debt Boom Isnt The Threat Subprime Mortgages Were
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Federal Reserve Chairman Jerome Powell on Monday evening made the case that business borrowing doesn’t represent the t... Read more
This Is The Biggest Saudi IPO In Almost Five Years — And The First To Be Sold Directly To U.S. Investors
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Arabian Centres is the country’s largest shopping mall developer. Read more
Cannabis Watch: Push For Legislation Allowing Banks To Serve The Cannabis Business Is Gaining Momentum
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The push for legislation that would allow banks do business with cannabis companies without the risk of federal enforcem... Read more
Key Words: AOC Stands With Buffett In Complaint That Crisis CEOs Were Rewarded, But Should Pay
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Rep. Alexandria Ocasio-Cortez embraces comments from Warren Buffett, who earlier this month said the net worth of the CE... Read more