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Installment Financing Now Available From Square

Installment Financing Now Available From Square

A new service from Square allows its small business sellers to offer financing to their customers. The service is called Square Installments and it is being run out of Square Capital, a subsidiary of Square that also offers cash advances... 
Walmart Buys Online Retailer Eloquii For Undisclosed Amount

Walmart Buys Online Retailer Eloquii For Undisclosed Amount

Plus-sized online retailer Eloquii has reached a deal to be acquired by Walmart (NYSE: WMT). The terms of the all-cash deal were not disclosed to the public. The deal is expected to close later this quarter. Eloquii is considered to... 
Argentina Announces New Measures To Slow Currency Collapse

Argentina Announces New Measures To Slow Currency Collapse

Argentina has announced a series of new austerity measures to grapple with the collapse of its currency. Those measures include getting rid of half of its government ministries and hiking taxes on exports. The ministries that would... 
Tax Deduction Limits To Be Reinforced With New Rules

Tax Deduction Limits To Be Reinforced With New Rules

The Internal Revenue Service and Treasury Department have proposed new rules meant to block schemes by high-tax states to help their residents avoid new limits on state and local tax (SALT) deductions. The tax overhaul passed by President... 
Home Depot 2nd Quarter Results Beat Expectations

Home Depot 2nd Quarter Results Beat Expectations

Home Depot Inc. (NYSE: HD) beat Wall Street forecasts for earnings and revenue for the second quarter of its fiscal year. The company reported that net earnings rose to $3.5 billion or $3.05 per share in the three months ended July... 
Facebook Loses Nearly $120 Billion In Single Day

Facebook Loses Nearly $120 Billion In Single Day

In its biggest loss of its history, Facebook shares have tumbled nearly 20 percent, wiping out about $120 billion in market value. The company’s previous worst single-day performance was on July 27, 2012, when the stock fell... 
New Canadian Tariffs On US Goods Begin July 1

New Canadian Tariffs On US Goods Begin July 1

Canada will impose about $12.6 billion worth of retaliatory tariffs on United States goods on July 1. The announcement by Foreign Minister Chrystia Freeland was accompanied by a list of affected products by the Department of Finance.... 
Supreme Court Sides With States On Online Sales Taxes

Supreme Court Sides With States On Online Sales Taxes

Consumers can expect to see sales tax charged on more online purchases after a recent Supreme Court decision. States will now be able to force more people to pay sales tax when they make purchases online. The decision is a big financial... 
Study Says Bitcoin’s Record Price Manipulated

Study Says Bitcoin’s Record Price Manipulated

A new study is claiming that the sky-high prices hit by Bitcoin last year were the result of market manipulation. Bitcoin hit a near-$20,000 high in December last year, but has dropped to nearly $6,100 this week – the lowest... 
Changes To Volcker Rule To Ease Bank Regulations

Changes To Volcker Rule To Ease Bank Regulations

Federal bank regulators are eyeing changes to soften the Volcker Rule, part of the broader Dodd-Frank law aimed at curbing risky behavior on Wall Street in the wake of the 2008 financial crisis. Since its implementation, Wall Street... 
Apple To Use Share Buybacks To Satisfy Investors

Apple To Use Share Buybacks To Satisfy Investors

Apple (NASDAQ: AAPL) is expected to announce plans to return between $100 billion and $150 billion to shareholders through an expansion of its share buyback program and an increase in its dividend. Analysts are predicting that Apple... 
Credit Card Receipt Signatures Becoming A Thing Of The Past

Credit Card Receipt Signatures Becoming A Thing Of The Past

The act of signing your signature to a credit card receipt is becoming a thing of the past. Visa, American Express, Discover and Mastercard have all said that they will no longer require customers to sign their names to credit card... 
Bank Of America Ends Lending To Assault Rifle Manufacturers

Bank Of America Ends Lending To Assault Rifle Manufacturers

Bank of America Corp. (NYSE: BAC) will stop lending to companies that make assault-style guns for the general public. Anne Finucane, a vice chairman at Bank of America, said, “It’s our intention not to finance these military-style... 
Tesla Investors Suing Over SolarCity Deal

Tesla Investors Suing Over SolarCity Deal

A Delaware judge has ruled that a lawsuit by Tesla Inc. (NASDAQ: TSLA) investors challenging the acquisition of SolarCity Corp. may proceed. Delaware Chancery Court Judge Joseph Slights concluded Musk being Tesla’s founder, CEO and... 
Cryptocurrency Exchange Pricing Glitch Stokes Concerns

Cryptocurrency Exchange Pricing Glitch Stokes Concerns

A recent glitch at Japanese cryptocurrency exchange Zaif created a situation that caused an error with its price calculation system. As a result, some users were able to buy digital currencies for free. One of the parties allegedly... 
Home Depot Tops Expectations For Fourth Quarter

Home Depot Tops Expectations For Fourth Quarter

Home Depot’s (NYSE: HD) fourth-quarter earnings and sales topped Wall Street’s expectations. Home Depot reported net income for the fourth quarter of fiscal 2017 of $1.8 billion, or $1.52 a share, compared with $1.7 billion,... 
Equifax Breach Deeper Than Originally Thought

Equifax Breach Deeper Than Originally Thought

New documents given to lawmakers show that the hack of Atlanta-based Equifax Inc. (NYSE: EFX) exposed more of consumers’ personal information than the company originally disclosed. The company previously said that the stolen... 
General Electric Under SEC Investigation

General Electric Under SEC Investigation

A $10 billion quarterly loss has apparently sparked a Securities and Exchange Commission investigation into General Electric’s (NYSE: GE) financial accounting. The investigation initially began in late November and focused on long-term... 
General Electric Takes $6.2 Billion Charge For Finance Unit

General Electric Takes $6.2 Billion Charge For Finance Unit

General Electric (NYSE: GE) has announced it will take a $6.2 billion charge in the fourth quarter of the fiscal year to pay for lingering problems in its GE Capital unit. G.E. said it was making the move after conducting a review... 
Sam’s Club Locations Closing Across America

Sam’s Club Locations Closing Across America

Walmart (NYSE: WMT) has announced it will be closing 63 of its Sam’s Club locations across the U.S. The company released a statement saying, “After a thorough review of our existing portfolio, we’ve decided to close a series... 
Car Sales in UK Slump Thanks to Brexit

Car Sales in UK Slump Thanks to Brexit

Car buyers in Britain are experiencing empty tanks. UK new car sales slumped during 2017, down almost 6% from 2016 record levels, and Brexit has been blamed for much of the drop that is the first annual decline in seven years. A member... 
Barclays Expecting Write Down of $1.3 Billion from Tax Reform

Barclays Expecting Write Down of $1.3 Billion from Tax Reform

British bank Barclays is expecting a write down of more than £1 billion equal to $1.34 billion on annual after tax profit due to the U.S. tax reform, said the bank in Wednesday in a prepared statement. The reform to U.S. tax system... 
People Continue Spending, But Stores Remain in Trouble

People Continue Spending, But Stores Remain in Trouble

Across the U.S. stores are closing at unprecedented rates. Retailers are filing bankruptcy and malls are slowly becoming ghost towns. However, while the physical brick and mortar stores continue to struggle, consumers are spending... 
General Electric Cutting 12,000 Jobs in Revamp of Power Business

General Electric Cutting 12,000 Jobs in Revamp of Power Business

On Thursday, General Electric said it was cutting 12,000 jobs at its worldwide power business, the latest effort by the industrial conglomerate that continues to struggle as it shrinks itself into a company with more focus. The company,... 
Nestle Buying Atrium Innovations in Deal Worth $2.3 Billion

Nestle Buying Atrium Innovations in Deal Worth $2.3 Billion

Nestle will acquire Atrium a vitamin maker based in Canada at the cost of $2.3 billion, expanding its consumer healthcare presence as it attempts to offset continued weakness in the packaged foods’ industry. The largest package foods... 
Tiffany Sales and Profit Top Expectations

Tiffany Sales and Profit Top Expectations

Tiffany & Co the jeweler saw its sales and profit exceed market expectations thanks to strong demand for high-end solitaire and fashion jewelry in its first full three-month period under new CEO Alessandro Bogliolo. Tiffany, whose... 
Comcast Enters Bidding War for Media Assets of 21st Century Fox

Comcast Enters Bidding War for Media Assets of 21st Century Fox

Comcast Corp. joined the pursuit of entertainment assets for 21st Century Fox the multimedia giant owned by media mogul Rupert Murdoch. Comcast expressed interest in acquiring the movie studio of Fox based in Los Angeles, its sports... 
Forecast for Operating Profit Cut by Nissan Following Recall

Forecast for Operating Profit Cut by Nissan Following Recall

Nissan, the Japanese automaker, reduced its profit forecast for the full year as a scandal involving safety inspection hit its earnings. The automaker is expecting its operating profit to be 645 billion yen or $7.5 billion for its... 
Maryland Opens Investigation of Kushner Companies

Maryland Opens Investigation of Kushner Companies

The attorney general of Maryland has opened an investigation of one of the Kushner family’s businesses of real estate following media reports that surfaced earlier in 2017 about the alleged abusive practices of debt collection and... 
Amazon Sees Surge in Sales Following Acquisition of Whole Foods

Amazon Sees Surge in Sales Following Acquisition of Whole Foods

Amazon.com Inc. said on Thursday that sales had surged during the summer and that its profit sped past expectations, as shoppers flocked to promotions on its “Prime Day” and purchased groceries at its recently acquired Whole Foods... 
U.S. Regulators Sue Rio Tinto and Two Former Executives

U.S. Regulators Sue Rio Tinto and Two Former Executives

The U.S. Securities and Exchange Commission on Tuesday filed suit against Rio Tinto and two of its former top executives claiming they misled investors over the value of coal assets in Mozambique obtained in an acquisition gone bad... 
Slack Raises Financing That Values Business at $5.1 Billion

Slack Raises Financing That Values Business at $5.1 Billion

Slack raised another big round of new financing that has valued the business at over $5 billion. The leader of the new round of financing was Japan-based SoftBank, which is appears has been investing in numerous companies of late. It... 
China Wants to End Gas and Diesel Vehicles

China Wants to End Gas and Diesel Vehicles

China is the largest auto market in the world and is currently putting together a detailed plan that would ban the manufacturing and sale of vehicles that are powered just by fossil fuels, said officials on Monday. The government of... 
Toys ‘R’ Us Weighing Possible Bankruptcy

Toys ‘R’ Us Weighing Possible Bankruptcy

Toys ‘R’ Us has hired advisers specializing in restructuring at a law firm as it attempts to handle debt that has reached millions of dollars, that is coming due, said a pair of sources who know the situation. Amongst options the... 
HPE Revenue Increase Comes After Trimming Costs

HPE Revenue Increase Comes After Trimming Costs

Hewlett Packard Enterprise has emerged from its aggressive slimming down efforts, reporting quarterly sales that were stronger than had been expected on strong demand for storage gear and servers that help in data centers’ operations. Revenue... 
Gasoline Prices in U.S. Plummet

Gasoline Prices in U.S. Plummet

Benchmark gasoline prices in the U.S. were down Monday to levels before Hurricane Harvey as refineries and pipelines in the Gulf Coast of the U.S. slowly return to activity, which has eased the concerns over supply. Oil futures for... 
Revised GDP for Second Quarter Up 3% in U.S.

Revised GDP for Second Quarter Up 3% in U.S.

The U.S. economy grew at a faster rate than was initially thought during the second three months of 2017, marking its quickest pace in over two years, with signs the momentum sustained itself to start the third quarter. Gross domestic... 
Underwriter of Flood Insurance Slammed in Texas by Harvey

Underwriter of Flood Insurance Slammed in Texas by Harvey

As responders from around the nation move into the ravaged areas of Texas damaged by high winds and extreme flooding from Hurricane Harvey, one federal flood insurance program has started to sink even further into debt. NFIP or the... 
Bitcoin Cash mining hashrate leapfrogs that of Bitcoin Core briefly

Bitcoin Cash mining hashrate leapfrogs that of Bitcoin Core briefly

Bitcoin Cash mining profitability has been grabbing the headlines lately and this has led many miners across the world to concentrate their mining power towards Bitcoin Cash and as a result mining hashrate for the new cryptocurrency... 
Bitcoin price increases by 7% to recover to $4200 levels

Bitcoin price increases by 7% to recover to $4200 levels

Much to the relief of Bitcoin traders and investors around the world, Bitcoin price has managed to cover a lot of lost ground from a low of $3,600 to above $4,200 fending of rumors and speculations that the cryptocurrency will hit... 
Bitcoin Cash finds more takers as OKCoin and Huobi start trading

Bitcoin Cash finds more takers as OKCoin and Huobi start trading

Bitcoin Cash has garnered a lot of positive attention lately owing to the increase in its prices as well as record trading volumes and the sentiment will continue to favor the new cryptocurrency as two of China’s biggest bitcoin... 
Bitcoin Cash price surpasses $700

Bitcoin Cash price surpasses $700

Bitcoin Cash price has skyrocketed by 37 per cent to breach the $700 levels suggesting a strong support for the new cryptocurrency from all corners. It is for the first time that Bitcoin Cash has managed to rise so quickly and so high...