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Snap Incorporated, the parent company of the wildly popular messaging app Snapchat, on Thursday filed to go public. “Our products empower people to express themselves, live in the moment, learn about the world, and have fun together,” the company’s S-1 filing reads. It also stated, plainly: “Snap Inc. is a camera company”—a reference to its […]
Deutsche Bank AG bought full-page ads in all major German newspapers over the weekend to apologize for “serious errors” after two years of losses that cost the lender billions of euros. Legal cases that date back many years cost the Frankfurt-based company “reputation and trust” in addition to about 5 billion euros ($5.4 billion) since John […]
Donald Trump’s first two weeks have been a frenetic sprint that has unsettled Washington and left a rattled world wondering what’s next. Trump’s White House chief strategist Steve Bannon is the provocateur who has engineered the historically disruptive opening gambit of executive orders, diplomatic upheaval, Twitter attacks and continuing attacks on the media. Story Continued […]
Cincinnati, Ohio-based Macy’s has around 900 stores in the U.S., which includes its Bloomingdale’s outlets and its flagship store in New York City’s Herald Square. Hudson’s Bay is well known for making money off its real estate assets. After buying Saks for $2.9 billion in 2013, it secured a $1.25 billion 20-year mortgage for its […]
In a meeting with business owners on Monday, President Trump called the Dodd-Frank financial legislation a “disaster.” Pablo Martinez Monsivais/AP hide caption toggle caption Pablo Martinez Monsivais/AP In a meeting with business owners on Monday, President Trump called the Dodd-Frank financial legislation a “disaster.” Pablo Martinez Monsivais/AP President Trump is expected to sign two directives […]
WASHINGTON—Despite brisk hiring, the U.S. unemployment rate rose in January and workers’ wages grew modestly. The steady but unspectacular labor market is likely to keep the Federal Reserve cautious about raising short-term interest rates in the months ahead and could prevent it from colliding with Donald Trump’s administration as it seeks… US Adds 227000 Jobs […]
Ralph Lauren Corp. abruptly announced that Chief Executive Officer Stefan Larsson will be leaving after a creative clash with the fashion brand’s founder, sending shares of the struggling company into a tailspin. Larsson, who previously ran Gap Inc.’s Old Navy, will be departing Ralph Lauren on May 1 after less than two years on the […]
Mark Carney warned that surprises could still be ahead as the U.K. starts the formal process of leaving the European Union, and the Bank of England is ready to respond accordingly. “The Brexit journey is really just beginning; while the direction of travel is clear, there will be twists and turns along the way,” the BOE […]
Senate Republicans took steps Wednesday to thwart Democrats plans to obstruct the confirmation of President Trump’s Cabinet nominees for a second day amid frustrations over the president’s pick Tuesday night of a stalwart conservative to serve on the Supreme Cour Senate Finance Commitee Chairman Orrin Hatch (R-Utah) suspended the rules to advance Steven Mnuchin as […]
