Donald Trump, This America's For You
false>> view originalFintech Needs to Expand the Club
The Treasury Department's white paper on marketplace lenders like LendingClub and On Deck Capital was called a "'welcome to the real world' moment" by analyst Ian Katz at Capital Alpha. That's the logical takeaway from other observers as well -- the notion that the industry was overdue for a critical look from regulators such as the Securities and Exchange Commission and the Consumer Financial Protection Bureau. That's fair, and true enough. How long, for example, did anyone really expect On Dec..>> view originalMacy's Slashes Forecasts as Sales Slump Accelerates
America’s shift to online shopping and fast-fashion chains is squeezing Macy’s Inc., which reported another quarter of sinking sales and slashed its financial targets for the year. The country’s biggest department-store chain has been closing weaker locations and expanding a nascent line of off-price stores, but the moves haven’t been enough to offset weak demand and pricing for the apparel and other items at the core of its...>> view originalAlaska, JetBlue top annual survey of North American airlines
Alaska Airlines and JetBlue Airways still rank highest in the annual J.D. Power survey of passengers on the nine largest North American airlines, and the firm says overall traveler satisfaction with the industry is at a 10-year high.J.D. Power said Wednesday that Alaska Airlines ranked highest among traditional airlines for the ninth straight year and JetBlue was the top-rated low-cost carrier for the 11th year in a row.The researchers said that satisfaction about airline cost and fees improved..>> view originalPew study sees a shrinking middle class in major US cities
WASHINGTON — In cities across America, the middle class is hollowing out. A widening wealth gap is moving more households into either higher or lower-income groups in major metro areas, with fewer remaining in the middle, according to a report released Wednesday by the Pew Research Center. In nearly one-quarter of metro areas, middle-class adults no longer make up a majority, the Pew analysis found. That’s up from fewer than 10 percent of metro areas in 2000. Pew defines the middle class as hou..>> view originalSALT 2016: Pickens and Zell See Weakening Economic Opportunity
SALT 2016: Pickens and Zell See Weakening Economic Opportunity By Carleton English | May 11, 2016 | 4:54 PM EDT Are you better off now than you were eight years ago? Not likely, according to oil baron T. Boone Pickens and billionaire investor Sam Zell, who has been called the father of the modern commercial real estate industry. In a panel appropriately titled "A Tale of Two Titans" at a Wednesday panel of the SkyBridge Alternatives (SALT) Conference in Las Veg..>> view originalIn the Vegas Desert, Hyperloop One Digs Traditional Transportation's Grave
In the forbidding, scrub-filled desert north of Las Vegas, a grave is being dug: not for a mobster, but for traditional forms of transportation that take hours to travel a few hundred miles. At a site cluttered with giant white tubes and adjacent to a huge solar farm, Hyperloop One, a Los Angeles-based startup that has raised $100 million in an attempt to turn Elon Musk’s vision for a super-high-speed network of tubes and magnetically levitating pods into reality, has set up its test track. VID..>> view originalCorporate results weigh on shares; oil rallies
NEW YORK U.S. and European stocks retreated on Wednesday amid disappointing corporate earnings, while oil prices surged for a second day as data showed U.S. crude inventories fell unexpectedly last week.The U.S. dollar .DXY fell 0.5 percent against a basket of currencies after rallying for six consecutive days, as investors looked to book profits. The yen rebounded 0.7 percent against the dollar JPY=, halting declines against the greenback as Japan has threatened to intervene on its currency.U..>> view originalForest Fires May Be Our New Reality If We Ignore Climate Change
"It was like a fire I've never seen before in my life."--Fire Chief Darby Allen The damage is almost unimaginable.Almost 100,000 people have been evacuated. Over 2,400 buildings and homes have been destroyed. People, entire families, are living in gyms, hotels, work camps and basements. The rebuilding process, even with the heroic efforts of firefighters who managed to save the majority of the city, will take years if not longer.The fire, nicknamed "The Beast," is still going and is currently..>> view originalGoogle: Payday Loans Are Too Harmful to Advertise
Imagine you find yourself in a bit of a financial crisis: Rent is due but your car broke down a few weeks ago, eating up few hundred dollars. Now you’re short. You know your family and friends can’t help, so you type the phrase “can’t make rent” into your browser, to see if the Internet has any wisdom to share. You start seeing ads for companies that say they can help. After quickly typing in your information, a company offers you a $500 loan. Painless! But a few weeks later, you can’t pay it b..>> view original
Wednesday, May 11, 2016
Donald Trump, This America's For You and other top stories.
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