Business News

Deutsche Bank Cutt Thousands Of Jobs To Save Money (NYSE: DB)

Deutsche Bank Cutt Thousands Of Jobs To Save Money (NYSE: DB)

Deutsche Bank has announced that it would be eliminating up to 35,000 jobs over the next two years as part of its new strategy to improve its returns. The job cuts would be realized through the selling off of businesses and internal eliminations. The company currently has about 100,000 full-time […]

United States Oil Fund (USO) Technical Analysis: Short-Term Strength Interrupts Intermediate Downtrend

United States Oil Fund (USO) Technical Analysis: Short-Term Strength Interrupts Intermediate Downtrend

In light of what technicals point toward, Bidness Etc believes that investors should accumulate United States Oil Fund LP (ETF) (NYSEARCA:USO) shares on the current weakness, and expect disturbed selling at price levels of $19.81 and $18.21. The exchange traded-fund, which tracks the movement of crude oil prices in the […]

US Futures Higher As Central Bankers Retreat To Jackson Hole This Week

US Futures Higher As Central Bankers Retreat To Jackson Hole This Week

US markets will be looking toward the keynote speech from Federal Reserve chief Janet Yellen and European Central Bank (ECB) chief Mario Draghi, as bankers retreat to Jackson Hole, WY. Central bankers from around the world will convene at the mountainous retreat to discuss policy that could set the mood […]

Strong Fourth Quarter Results Posted by Facebook

Strong Fourth Quarter Results Posted by Facebook

Facebook is expanding at an incredible pace propelling it to better challenge Google as the most powerful Internet company. The fourth quarter Facebook report last Wednesday provided the most recent gauge of the impressive strides made by the social media company. It was the first time Facebook’s revenue for a […]

Protestors Arrested at McDonald’s Headquarters

Protestors Arrested at McDonald’s Headquarters

McDonald’s ProtestorsA day before the McDonald’s annual shareholders meeting, police arrested 139 protesters outside McDonald’s world headquarters in Oak Brook, Ill. The protestors were arrested for criminal trespassing. Workers chanted “Hey McDonald’s You Can’t Hide, We Can See Your Greedy Side,” and “No Big Macs, No Fries, Make our Wage […]

Robinhood And The Band Of Merry Traders: A Closer Look At The Zero-Commission Brokerage Model

Robinhood And The Band Of Merry Traders: A Closer Look At The Zero-Commission Brokerage Model

When Stanford roommates Vladimir Tenev and Baiju Bhatt finished grad school and went to work on Wall Street developing high-tech trading platforms, they became disenchanted with a stark shortfall that was rampant in the industry. They wondered why small retail investors were made to pay several dollars for executing trades […]

Jobless Claims Rise 28,000 For the Week

Jobless Claims Rise 28,000 For the Week

The Labor Department reported that the number of Americans filing initial claims for unemployment ticked up slightly, by 28,000, the larger weekly gain this year. Claims reached a seasonally adjusted level of 326,000 for the week ended May 17. Initial claims for the previous week were revised up 1,000 to […]

Startups Benefit From Corporate VCs

Startups Benefit From Corporate VCs

Corporations with venture capital (VC) arms – divisions which directly invest in startup businesses – have invested $5 billion in new firms over the first half of this year, and interest is growing as funding startups becomes an easier and (relatively) less risky way for companies to innovate, revamp their […]