Greek stock market reopens to huge losses after five-week shutdown, hopes to recover with upcoming bailout
The Greek stock market was forcibly closed at the end of June after the country defaulted due to its debt. Reopening after more than a month of excruciating wait, the market sees heavy losses, especially from the country’s top four banks.
Aug 06, 2015 2:08 AM EDT
Good times is coming? Wall Street's Laszlo Birinyi sees S&P 500 climbing 52% in two years
The S&P 500 has risen around 2% so far this year, and long-time stock market forecaster Laszlo Birinyi says US stocks will continue to rise. Birinyi expects the index to climb 52% by 2017.
Original Content is King to Netflix's 'World Domination' Strategy
Streaming media provider Netflix is looking to produce its own original content instead of licensing properties from studios.
Citibank Under Investigation: CFPB Probes Student Loan Services
Citibank admits being under investigation for student loan practices. CFPB refuses to comment regarding the investigation.
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Giant coal company Alpha Naturals seeks bankruptcy court protection
Alpha Natural Resources will file for bankruptcy court protection to allow them to continuously restructure their operation as well as their debt. The company believed that there is still future for them and the U.S. coal industry if they could cut down $3 billion of the company's debt.
Aug 05, 2015 11:56 PM EDT
Baltimore Homes Price Down, Rentals Up
Home prices in Baltimore plummeted but rentals soar due to numerous stall foreclosures. Sam Khater, deputy chief economist of CoreLogic, disclosed that in May alone 13.6% of the transactions belong to the real estate owned foreclosure.
Aug 05, 2015 11:09 PM EDT
Your network is equal to your net worth: Soon, Facebook can approve loans based on your friends' credit scores
Facebook patented a social network system that will filter searches, spam and will grant service providers like lenders to approve your loan application through your Facebook friends' credit scores.
Aug 05, 2015 11:00 AM EDT
Look forward to your retirement: Some tips on how to retire smarter
Retirement can be a dreaded time for some but with smart decisions, it can be a relaxing time to look back on your life and simply enjoy.
Aug 05, 2015 10:52 AM EDT
White House hosts first-ever Demo Day for startups; KIND founder Daniel Lubetzky invested $3M on three startups owned by women
Daniel Lubetzky announced in the White House Demo Day that he's funding three health food startups; 479 Degrees, GimMe Health Food and EatPops.
Aug 05, 2015 1:30 AM EDT
Greek stock market plunges sharply after re-opening
Greece's stock market plummeted when it re-opened Monday. The biggest casualties were banks which shed 30%.
Aug 04, 2015 11:56 PM EDT
Trouble in the North: Canada's economy continues to shrink
The slowdown in most of Canada's industries and the weakening value of its currency added to the shrinkage of its economy by 0.2% in May. For five consecutive months, Canada has been experiencing a "complex and significant adjustment", as Bank of Canada governor Stephen Poloz calls it.
Aug 04, 2015 10:41 PM EDT
Auto insurance industry clueless on driverless cars
Car insurance companies are alarmed at how much they would potentially lose when the driverless cars dominate the market in the coming years.
Aug 04, 2015 5:13 AM EDT
Gravity Payments pulled down due to $70,000 minimum wage announcement
What started out as an idealistic vision to uplift morale and productivity within Gravity Payments soon came back to haunt it once CEO Dan Price realizes that the change requires more than what he was willing to pay for.
Aug 04, 2015 2:08 AM EDT
Stewart Butterfield on leadership: I am a terrible manager
Stewart Butterfield, the Slack CEO, told an interview that he is a 'terrible manager'. In an interview, the CEO of $2. 4B worth Slack app and Flickr co-founder, Stewart Butterfield, admitted he is a 'terrible manager'.
Aug 04, 2015 1:56 AM EDT
Twitter shares drop 15%; Is the microblogging platform ripe for a takeover?
As Twitter shares dip to near its lowest point since its IPO, analysts ask if the company may be due for an acquisition.
Aug 03, 2015 11:26 PM EDT
Stock markets expected to be under 4% annual growth
The slowdown in major economies is impacting the corporate performance and putting pressure on sales growth. Analysts forecast that the annual growth rate of stock markets is under 3.5% when adjusted with inflation.
Aug 03, 2015 10:30 PM EDT
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