• Apple co-founder bashes credit card
    Reuters Videos

    Apple co-founder bashes credit card

    Apple"s new credit card has been hit with charges of sexism, and now compliants are coming from the company"s co-founder. Steve Wozniak says he got 10 times the credit limit his wife received even though they do not hold separate assets or bank or credit accounts. The criticism behind the iPhone maker's credit card began Thursday, when entrepreneur David Heinemeier Hansson tweeted that the card gave him 20 times more credit than his wife had received. Apple launched its highly anticipated titanium credit card in August in partnership with Goldman Sachs. Apple didn't respond to a Reuters request for comment. But Goldman said card applicants were independently evaluated according to income and creditworthiness. The investment bank said it took into account factors such as personal credit scores and personal debt but insisted it hasn't and will not "make decisions based on factors like gender." Now, regulators are looking into the charges. New York's Department of Financial Services said it's starting an inquiry into Goldman's credit card practices. Its superintendent says the law bars algorithms from discriminating against protected classes of individuals. Goldman Sachs shares fell roughly 1% in early trading Monday; Apple shares were flat.

  • Google 'needs to walk gingerly' with health care venture
    Yahoo Finance

    Google 'needs to walk gingerly' with health care venture

    Google is betting big on health care - so big, that the tech giant has confirmed it's collecting health data on millions of Americans through a partnership with Ascension.

  • Trump Trade, Walmart & Nvidia Previews & Buy CASY Stock - Free Lunch
    Zacks

    Trump Trade, Walmart & Nvidia Previews & Buy CASY Stock - Free Lunch

    All eyes will be on President Trump Tuesday for U.S.-China trade war updates. Walmart, Nvidia, and others are set to report their quarterly earnings. And why Casey's General Stores (CASY) is a Zacks Rank 1 (Strong Buy) right now...

  • Reuters SG

    Revolut plans to raise $500 mln next year to fund global expansion

    British-based digital banking app Revolut is in talks with investors to raise at least $500 million next year to fund a global hiring spree as it expands in markets including the United States and Japan. "We want to raise at least $500 million in direct equity and potentially, maybe at a later stage, up to $1 billion in convertible (debt)," its CEO and co-founder Nikolay Storonsky told Reuters in an interview on Tuesday. "We have done soft marketing with investors and we are continuing doing it, so hopefully in the next several months, we'll get it done," Storonsky said of the fund raising.

  • Will Gaming Segment Drive NVIDIA (NVDA) in Q3 Earnings?
    Zacks

    Will Gaming Segment Drive NVIDIA (NVDA) in Q3 Earnings?

    NVIDIA's (NVDA) third-quarter 2020 results are likely to reflect improvement in gaming segment.

  • Factors to Consider Ahead of Cisco's (CSCO) Q1 Earnings
    Zacks

    Factors to Consider Ahead of Cisco's (CSCO) Q1 Earnings

    Cisco's (CSCO) first-quarter fiscal 2020 results are expected to reflect the robust adoption of security solutions despite headwinds pertaining to the U.S.-China trade war.

  • Intercontinental (ICE) to Launch Futures Exchange in Abu Dhabi
    Zacks

    Intercontinental (ICE) to Launch Futures Exchange in Abu Dhabi

    Intercontinental Exchange's (ICE) futures exchange to enable trading in Murban crude-oil future contracts.

  • Investing.com

    StockBeat: Overstock Nosedives to 7-Year Low After Missing Forecasts

    Invesitng.com – Overstock slumped to a seven-year low Tuesday after the online retailer reported a larger loss than expected as efforts to rein in marketing activities hurt sales.

  • MarketAxess (MKTX) Up 70% This Year: Is Further Upside Left?
    Zacks

    MarketAxess (MKTX) Up 70% This Year: Is Further Upside Left?

    MarketAxess (MKTX) is driven by growth in business and market share and strong capital position.

  • Goldman Plans to Provide Outlook for Metrics in January
    Zacks

    Goldman Plans to Provide Outlook for Metrics in January

    Goldman's (GS) plan to increase transparency will help the company gain investors' confidence.

  • Disney+, Netflix, Apple, HBO, & More: Who Will Win the Streaming TV War?
    Zacks

    Disney+, Netflix, Apple, HBO, & More: Who Will Win the Streaming TV War?

    Associate Stock Strategist Ben Rains dives into some of Disney's recent quarterly results, before we look at Disney+ and discuss which company, from Netflix to Amazon might win the streaming TV war...

  • Wal-Mart, Cisco Systems, Nvidia, Ford and Hasbro are part of Zacks Earnings Preview
    Zacks

    Wal-Mart, Cisco Systems, Nvidia, Ford and Hasbro are part of Zacks Earnings Preview

    Wal-Mart, Cisco Systems, Nvidia, Ford and Hasbro are part of Zacks Earnings Preview

  • 5 High-Beta ETFs & Stocks for a Record Market
    Zacks

    5 High-Beta ETFs & Stocks for a Record Market

    While every corner of the market is enjoying the current ascent, high-beta ETFs and stocks seem a perfect bet at present.

  • Overstock (OSTK) to Report Q3 Earnings: What's in Store?
    Zacks

    Overstock (OSTK) to Report Q3 Earnings: What's in Store?

    Overstock's (OSTK) third-quarter results are likely to reflect strength across retail and blockchain businesses.

  • NVIDIA (NVDA) to Post Q3 Earnings: What's in the Offing?
    Zacks

    NVIDIA (NVDA) to Post Q3 Earnings: What's in the Offing?

    Weakness in the data center market might have affected NVIDIA's (NVDA) third-quarter fiscal 2020 earnings. However, strength in gaming and automotive is expected to have aided the top line.

  • Financial Times

    FirstFT: Today’s top stories

    of how the European Central Bank sets monetary policy, with senior colleagues using the start of her presidency to argue for changes, including formal votes on setting interest rates. Officials at four of the national central banks represented on the ECB’s governing council, its top policymaking body, told the Financial Times that they would make proposals at a meeting on Wednesday ranging from regular votes on monetary policy to requesting that the president did not announce policy plans early. Votes on interest rates — the highest-profile decisions taken by the ECB — are held only on the initiative of the bank’s president.

  • Financial Times

    The wealth tax plan worrying US billionaires

    The debate over whether the US should impose a federal tax on wealth has gripped US politics after Democratic candidate for president Elizabeth Warren tabled the plan as one of the pillars of her campaign. Microsoft founder Bill Gates last week questioned whether Ms Warren would be willing to sit down with him to discuss the plan — she responded that she would love to explain to him exactly what he might pay. Most of the US federal government’s revenue comes from taxes on income, such as personal salaries and corporate profits.

  • Exclusive: Goldman Sachs plans shift from revenue goal at first investor day
    Reuters

    Exclusive: Goldman Sachs plans shift from revenue goal at first investor day

    More than two years ago, Goldman Sachs Group Inc told investors it would find $5 billion in fresh annual revenue by 2020. The new targets, to be outlined by Chief Executive David Solomon's management team in January at Goldman's first-ever investor day, could include a broad efficiency ratio and profitability measures, four sources familiar with the matter said. The change of focus signals that Goldman wants to match rivals that disclose progress toward broader targets, and satisfy demand among investors for transparency across all the bank's businesses, according to the sources, who cautioned that plans for the investor day are still taking shape and could change.

  • Investing.com

    Stocks - Boeing, Goldman Sachs, Alibaba Fall Premarket

    Investing.com - Stocks in focus in premarket trading on Monday:

  • Investing.com

    Stocks - U.S. Futures Slump as Hong Kong Chaos Rattles Investors

    Investing.com - U.S. futures slumped on Monday, as worsening unrest in Hong Kong caused market jitters and hopes for trade detente between the U.S. and China receded.

  • Financial Times

    LinkedIn: social nerds’ work

    LinkedIn is social media for business nerds. That seems like a thoroughly good thing when Facebook is mired in controversies. These include spyware on its WhatsApp service and disputes over promotional ...

  • Powell heads to Capitol Hill, Trump speaks in NY — What to know in the week ahead
    Yahoo Finance

    Powell heads to Capitol Hill, Trump speaks in NY — What to know in the week ahead

    Federal Reserve Chairman Jerome Powell and President Donald Trump will take centerstage this week.

  • Financial Times

    Digital human rights are next frontier for fund groups 

    Politicians publicly grilling technology chiefs such as Facebook’s Mark Zuckerberg is all too familiar for investors. “There isn’t a day that goes by where you don’t see one of the tech companies talking to Congress or being highlighted for some kind of controversy,” says Lauren Compere, director of shareholder engagement at Boston Common Asset Management, a $2.4bn fund group that invests heavily in tech stocks. Fallout from the Cambridge Analytica scandal that engulfed Facebook was a wake-up call for investors such as Boston Common, underlining the damaging social effects of digital technology if left unchecked.

  • Goldman faces probe after entrepreneur slams Apple Card algorithm in tweets
    Reuters

    Goldman faces probe after entrepreneur slams Apple Card algorithm in tweets

    A probe into Goldman Sachs Group Inc's credit card practices has been initiated after tweets from a tech entrepreneur alleged gender discrimination in the new Apple Inc card algorithms that are used to determine credit limits. In a series of Twitter posts starting on Thursday, David Heinemeier Hansson railed against the Apple Card for giving him 20 times the credit limit that his wife got, Bloomberg reported on Saturday.