Exclusive: Billionaire investor Draper to participate in blockchain token sale for first time
NEW YORK (Reuters) – Billionaire venture capitalist Tim Draper soon plans to take a step that even he, a long-time bitcoin aficionado, has eschewed to now: buying a new digital currency offered by a technology startup.
Latest victim of retail downturn, Revlon tumbles 23 percent
SAN FRANCISCO (Reuters) – Shares of Revlon slumped 23 percent on Friday and were headed for their biggest one-day drop since the financial crisis after the cosmetics company said declining mall traffic hurt its quarterly sales.
Trump signs spending bill, averting government shutdown
WASHINGTON (Reuters) – President Donald Trump on Friday signed a $1.2 trillion spending bill approved by Congress, averting a government shutdown that would have begun at midnight.
AccorHotels shareholders stick to double voting rights
PARIS (Reuters) – The shareholders of AccorHotels on Friday granted former French President Nicolas Sarkozy a seat on the board of Europe’s largest hotel group, and rejected a bid to block long-term shareholders from getting more double voting rights….
Fed’s Williams pushes new approach to U.S. inflation goal
NEW YORK (Reuters) – One of the Federal Reserve’s experts on navigating a world of low inflation and economic growth said on Friday the U.S. central bank should seriously consider ditching its old policy framework for a new approach to hitting its pric…
Fed should start trimming balance sheet in second half: Bullard
PALO ALTO, Calif. (Reuters) – The Federal Reserve has interest rates right where they should be, but should start trimming its massive balance sheet in the second half of the year, St. Louis Federal Reserve Bank President James Bullard said on Friday.
Fed should not follow rules-based approach: Fischer
(Reuters) – Fed Vice Chairman Stanley Fischer on Friday issued a firm defense of the U.S. central bank’s decision not to follow a mathematical rule when deciding monetary policy as Republicans in Congress renew efforts to curb the current consensus-bas…
Brokers, funds add up research bill before new EU rules
LONDON (Reuters) – Brokers operating in the European Union have only a few months to comply with new rules requiring them to set a separate price for the investment research they have been bundling with the trading services they sell to fund managers.
Moment of truth for the euro as France votes
LONDON (Reuters) – The fate of the European Union and the euro could hang on the outcome of Sunday’s French presidential election.
Citi lists Netflix, Tesla as potential takeover targets for Apple
(Reuters) – Citigroup listed seven companies as potential takeover targets for Apple Inc , including Netflix , Walt Disney and Tesla Inc , as a way to put its cash hoard of more than $250 billion to work.
