Finance

Food is ruling retail real estate, and food trucks are moving in

George Rose | Getty Images A Wolfgang Puck restaurant in the Crystals, a luxury shopping mall in Las Vegas. For the first time nearly two decades, restaurant sales surpassed supermarket sales last year. The turnaround is now showing up in retail real estate, as landlords seek to not only profit from the new normal, but reinvent the now-suffering retail mall. ... Read More »

1 million-plus more homeowners can benefit from refi post-Brexit

A drop in mortgage interest rates last month following the Brexit vote has borrowers rushing back to the bank, some hoping to cash in on their monthly mortgage payments and some hoping to cash out new-found home equity. Whichever the case, lenders are trying, and in some cases failing, to keep up with the volume. The decrease in interest rates ... Read More »

Early movers: MRK, GE, EXE, XRX, GOOGL, AAPL, FB & more

Stocks to Watch: July 29,2016  Friday, 29 Jul 2016 | 8:13 AM ET|00:51 Check out which companies are making headlines before the bell: Merck — The drugmaker earned an adjusted 93 cents per share for the second quarter, two cents a share above estimates. Revenue beat forecasts, and Merck also raised the lower end of its full-year guidance. Cigna — The ... Read More »

Fed leaves markets guessing on rate hike timing, but December looks possible

The Federal Reserve acknowledged an improving economy, but gave no insight into when it might hike rates, leaving markets to continue to focus on a December time frame as most likely. Some economists said the Fed left the door open for a September hike, but market reaction was muted and strategists said it still looks like the markets believe December ... Read More »

Fed leaves rates unchanged in July meeting

The Federal Reserve opted Wednesday not to raise interest rates, despite painting a rosier economic picture than it did just a month ago. As expected, the Federal Open Market Committee kept its overnight interest rate target in the 0.25 percent to 0.5 percent range. However, it noted a labor market that has “strengthened” and said other indicators were pointing to ... Read More »

Last-minute bid to be made to rescue Monte dei Paschi

Alessia Pierdomenico | Bloomberg | Getty Images Pedestrians pass by a Banca Monte dei Paschi di Siena SpA bank branch in Milan, Italy, on Tuesday, April 12, 2016. Corrado Passera, the veteran Italian businessman and former industry minister, has teamed up with Swiss bank UBS to present a last-ditch alternative rescue proposal to the board of struggling lender Monte dei ... Read More »

A robo-advisor that claims to have made 12% return over Brexit is expanding

A robo-advisor start-up that automatically allocates your investments and claims to have outperformed the market during the Brexit volatility, has launched in the U.K. Scalable Capital is an investment management software that uses an algorithm to manage a client’s money. It’s the latest start-up to come to market in the fast-growing robo-advisory and investment space. A client can put their ... Read More »

Early movers: MRK, GE, EXE, XRX, GOOGL, AAPL, FB & more

Check out which companies are making headlines before the bell: Merck — The drugmaker earned an adjusted 93 cents per share for the second quarter, two cents a share above estimates. Revenue beat forecasts, and Merck also raised the lower end of its full-year guidance. Cigna — The insurance company reported quarterly profit of $1.98 per share, missing estimates of ... Read More »

‘Rigged’ market? Panel lists changes to fix trading problems

A blue-ribbon panel is proposing a bevy of reforms that it hopes will restore confidence in the stock market. Responding to charges of a “rigged” market and propelled by some highly publicized malfunctions, the Committee on Capital Markets Regulation released a laundry list Thursday of changes it believes will make the market function better. “Flash Boys” author Michael Lewis famously ... Read More »