It's November 22, 2028 and Sarah, a young mother, gives her two children a kiss goodbye before buckling them into the driverless car that will bring them to school.
Sarah doesn't have a car and has no plans to buy one. Living in a suburb, she has run the numbers and the result is clear: It's much cheaper toRead more
German stock market operator Deutsche Boerse (IOB: 0H3T.IL - news) said Monday it would launch an "EU-based alternative" for some key financial transactions as it bids to snatch business from London after Brexit.
Its subsidiary Eurex has partnered with big international banks including Bank of America Merrill Lynch, Deutsche Bank (IOB: 0H7D.IL - news) and JP Morgan, hoping to attractRead more
BofA
The Organization of the Petroleum Exporting Countries (OPEC) may consider extending its production-cut agreement by another three months and the possible extension of the deal in May is fully priced in by the crude market, Bank of America (BofA) Merrill Lynch analyst Jean-Michel Saliba said in a note on April 12. “A renewal for a period of three months,Read more
US used-auto retailer Carvana LLC, which allows customers to pick up cars they buy on the Internet from vending machine-like towers, has tapped investment banks for an initial public offering (IPO), according to people familiar with the matter.
The move comes as more consumers become comfortable with online used-car purchases. TrueCar Inc., for example, a car-shopping service that matches buyersRead more
Airbnb closed a funding round of more than $1 billion, valuing the home-sharing start-up at about $31 billion, according to three people familiar with the company.
In December, Bloomberg first reported the company’s plans to increase the funding it was seeking by authorising the sale of an additional $153 million in equity. Investors include Alphabet investment arm CapitalG and TechnologyRead more
The US economy will get a small boost in 2017 from President Donald Trump's planned deregulation and fiscal stimulus, a Reuters poll showed, but economists said the probability of achieving 4 per cent growth was low.
The latest results showed a wide gap between economists, who were criticized for being too optimistic late in the last economic cycle, and marketRead more
British bank Lloyds on Tuesday bought Bank of America's UK credit card division MBNA for £1.9 billion in the first acquisition since its government bailout during the global financial crisis.
The deal, worth $2.4 billion or 2.3 billion euros, will bolster the group's position in Britain's prime credit card market, Lloyds Banking Group (LBG) said in a statement detailing itsRead more
With S&P 500 earnings on track to rise after four consecutive quarters of contraction, US stocks are clearing a major hurdle that puts the record high in sight for the benchmark US stock index.
The S&P 500 hit a record high in mid August even after the long profit slump. The index has trended lower since then, and even closedRead more
Bank of America Corp, the second-largest US bank by assets, reported its first rise in profit in three quarters on Monday, boosted by strong results from bond trading.
Net income attributable to shareholders rose 6.6 percent to $4.45 billion in the third quarter ended Sept. 30, from $4.18 billion a year earlier. Earnings per share rose to 41 cents fromRead more
Vodafone Group Plc’s Indian unit is likely to delay filing the draft prospectus for its up to $3 billion initial public offering (IPO) until toward the end of the year, IFR reported.
The filing, previously expected in September or October, is being delayed because Vodafone wants to wait for new rival Reliance Industries to launch its telecoms services, IFR, aRead more