Reliance is betting that it, and not Walmart, will be Amazon’s arch-rival in India

If Reliance manages to execute its triple play of content, carriage, and commerce, it could become a retail juggernaut that even a seasoned global giant like Amazon will find difficult to compete with. (Image: Getty Images/iStockphoto) The buildup to Diwali, the Indian festival of light that takes place in November this year, is already under […]

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Bill Gates is investing in European companies that solve the less obvious parts of climate change

His Breakthrough Energy Ventures fund is teaming up with the European council to invest in companies focused on agriculture, manufacturing, and transportation. BY BEN PAYNTER2 MINUTE READ Bill Gates has coined a new way to think about climate change, and is leading a team of investors to help solve it. The concept is called “the 75% problem”–a […]

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Wall St. Hopes for Strong Earnings After October’s Ugly Start for Stocks

Wall St. Pins Hopes on Strong Earnings After October’s Ugly Start for Stocks The quarterly parade of updates on profits and losses will either give credence to fears about the economy or ease them. Last week was all about fear. This week, investors could turn to greed. After the stock market was rocked by its […]

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Here’s where all the jobs are — in one chart

Here’s where the jobs are — in one chart The professional and business services industry led job gains for September. The leisure and hospitality sector lagged, according to the Labor Department report. The professional and business services industry led job gains for the month of September, besting laggards like the leisure and hospitality sector, according to […]

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US jobless rate hits 49-year low of 3.7%

Image copyrightGETTY IMAGES The US unemployment rate fell to 3.7% in September, the lowest rate since December 1969. Figures from the Department of Labor also showed the US economy created 134,000 jobs during the month, fewer than were expected. Significant jobs growth was seen in professional and business services, healthcare and construction. Average hourly earnings rose […]

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Trump has lost $1 billion in personal wealth since running for president

Some wealthy patrons are steering clear of Trump properties, saying the country club experience is now ruined “by metal detectors and bomb-sniffing dogs.” A woman exits The Trump International Hotel and Tower in New York City on April 10, 2018.Brendan McDermid / Reuters file The presidency has been bad for Donald Trump’s finances, with his […]

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WhatsApp Message Destroyed 71% of A Company’s Value In A Single Day

Infibeam operates an e-commerce platform in the business-to-business and business-to-consumer space, according to its website.  Updated: September 28, 2018 17:34 IST The record slump on Friday prompted Infibeam Avenues to make a voluntary clarification to exchanges HIGHLIGHTS WhatsApp message raised concerns on Infibeam Avenues accounting practices Infibeam gave Rs. 135-crore unsecured, interest-free loans as of March 31 […]

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Aramco listing plan halted, oil giant disbands advisors – sources

(Reuters) – Saudi Arabia has called off both the domestic and international stock listing of state oil giant Aramco, billed as the biggest such deal in history, four senior industry sources said on Wednesday. The financial advisors working on the proposed listing have been disbanded, as Saudi Arabia shifts its attention to a proposed acquisition […]

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Tech billionaire, Wells Fargo heir’s ex busted for drug trafficking

Henry T. Nicholas III was arrested in a Las Vegas resort-casino with Ashley FargoLVMPD Tech billionaire Henry T. Nicholas III was arrested on drug trafficking charges this week at a Las Vegas Strip casino-resort — alongside the ex-wife of an heir to the Wells Fargo fortune, according to new reports. Nicholas III, 58, was busted […]

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China slaps retaliatory tariffs on $16 billion of U.S. goods

The game of trade war “chicken” heats up — but Chinese exports continue to rise. by Ben Popken / Aug.08.2018 / 1:58 PM ET A container ship prepares to depart port in Long Beach, California, on July 16.Mike Blake / Reuters file.  China struck back Wednesday at the U.S. with $16 billion in retaliatory tariffs, exactly matching President […]

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