Category Archives: CNN – Business

Is E-Trade the odd man out in the online broker world?

Is E-Trade the odd man out in the online broker world?

The online brokerage world changed dramatically last year after every major firm eliminated commissions and powerhouses Charles Schwab and TD Ameritrade announced a merger. Now investors are wondering: where that leaves E-Trade? E-Trade, which will report its fourth quarter earnings after the closing bell Thursday, now must figure out how to make up that chunk…MORE

Europe’s negative rates under scrutiny as bankers call for change

Europe’s negative rates under scrutiny as bankers call for change

Under growing pressure over record low interest rates, the European Central Bank has decided it’s time to give its unconventional policies another look. The central bank on Thursday launched a review of its strategy, the first since 2003. The ECB is expected to spend the next year evaluating the tools it uses to maintain stable…MORE

Trump zeroes in on his next trade target: Europe

Trump zeroes in on his next trade target: Europe

Having negotiated agreements of sorts on trade with China, Mexico, Canada, South Korea and Japan, President Donald Trump is now turning to his next target: the European Union. Trump made clear at the World Economic Forum in Davos, Switzerland, this week that his administration will move aggressively to negotiate a trade deal with Brussels. And…MORE

Goldman Sachs’ new rule: At least 1 woman on the board or you can’t go public

Goldman Sachs’ new rule: At least 1 woman on the board or you can’t go public

Goldman Sachs won’t take companies public anymore unless they have at least one “diverse” board member, the bank’s CEO David Solomon said Thursday. “From a governance perspective, diversity on boards is a very, very important issue,” Solomon said in an interview with CNBC at the World Economic Forum in Davos, Switzerland. Goldman’s push for diversity…MORE

Fairway files for bankruptcy with a plan to keep some stores open

Fairway files for bankruptcy with a plan to keep some stores open

Fairway Market, the New York grocery staple known for its gourmet food and packed stores, said Thursday that it filed for bankruptcy with a plan to sell five stores. Fairway, which has 14 stores, entered into what’s known as a stalking horse agreement with Village Super Market, the owner of ShopRite, to sell up to…MORE

GrubHub has a solution to its delivery problems: Takeout

GrubHub has a solution to its delivery problems: Takeout

GrubHub is getting crushed by competition, so it’s fighting back with a new service that targets diners who want to pick up their food instead of having it delivered to them. GrubHub unveiled new technology — dubbed Ultimate — on Thursday that makes it easier for people to order food to go and track exactly…MORE

The 737 Max grounding cost Southwest $828 million in 2019

The 737 Max grounding cost Southwest $828 million in 2019

Southwest Airlines reported a sharp drop in profit in the fourth quarter because of the continued grounding of the Boeing 737 Max. It said it will seek additional compensation from Boeing as the problem is expected to stretch deep into 2020. The 737 Max was grounded in March following two fatal crashes that killed 346…MORE

A new text message scam is disguising itself as a FedEx notification

A new text message scam is disguising itself as a FedEx notification

It’s an exhilarating feeling we can all relate to — FedEx notifying you that your package has been delivered. But before you mindlessly click on that text message that looks like it’s from FedEx, take a second look because it could be a scam. Some people around the country are receiving text messages that show…MORE

President Trump faces removal from office. Markets: ‘Ho, hum’

President Trump faces removal from office. Markets: ‘Ho, hum’

A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. President Donald Trump faces removal from office, yet markets have shrugged off impeachment and continued to march higher over the past several months. The S&P 500 is up nearly 11% since House…MORE

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