Sprint layoffs include 452 jobs at its Kansas headquarters
Sprint Corp. has announced that 452 of its job cuts will occur at its headquarters, located in Overland Park, Kansas, according to a recent...
Yellen says inequality in the US is widening
Janet Yellen said that inequality in the United States has widened over the past 25 years, with just a slight narrowing during the Great...
US stocks surge after weeks of decline
On Friday the the Dow Jones Industrial Average (DJIA) increased by over 250 points after encouraging economic reports and strong earnings from General Electric,...
UK big four supermarkets’ margins to shrink further, says Moody’s
Over the next 12 to 18 months, the profit margins of Britain's ‘big four’ supermarkets are likely to shrink further, says Moody's Investors Service...
HSBC starts UK mortgage price war with 0.99% rate
HSBC has intensified a mortgage price war in the UK by launching a record-low 0.99% annual rate for borrowers who put down a 40%...
Tesla could be banned from opening stores in Michigan
Tesla has criticized Michigan for passing a bill earlier this month that could restrict the manufacturer’s business operations in the state.
The bill, HB5606, creates...
Urban Outfitters Inc. shares fell by 15 percent on Friday
Urban Outfitters Inc. shares fell by 15 percent on Friday after the apparel retailer issued a warning to investors stating that its third quarter...
Fed expresses serious concern about increasing economic inequality
Janet Yellen, chair of the Federal Reserve, has expressed serious concern about increasing economic inequality in the US and has said that the country...
US homebuilder’s confidence dropped in October
US Homebuilder’s confidence dropped in October after four consecutive months of gains, which had increased the indicator to its highest level in almost a...
Morgan Stanley reports 87 percent increase in third quarter earnings
Morgan Stanley (MS.N) has posted an 87 percent increase in third quarter earnings as its banking units have enjoyed increased client activity and a...