Yahoo Finance Originals: Investing

  • US inflation stays low in August as consumer spending slows

    US inflation picked up slightly in August but consumer spending and income growth cooled, suggesting economic growth overall remained tepid, Commerce Department data showed Friday. The fresh data will supply little added support for the Federal Reserve's plan to tighten monetary policy with higher…

  • Drop in U.S. consumer spending clouds Fed rate hike outlook

    U.S. consumer spending fell in August for the first time in seven months while inflation showed signs of accelerating, mixed signals that could keep the Federal Reserve cautious about raising interest rates. The Commerce Department said on Friday that consumer spending, which accounts for more…

  • US consumer spending at weakest pace in 5 months

    WASHINGTON (AP) — U.S. consumers scaled back their spending in August to its weakest pace in five months, reflecting a drop in spending on autos. Income growth also decelerated as wages and salary gains slowed following four strong months.

    Associated Press
  • Deutsche Bank bond trading up 15-fold in a month: Trax

    Trading volume in Deutsche Bank's debt has more than doubled this week and soared 15-fold in a month as investors rush to offload the embattled German lender's bonds. All markets have been affected because Deutsche has significant trading relationships with the world's largest finance houses. The…

  • Deutsche Bank bounces back, New tech IPO hits market, Costco's Visa switch pays off

    Deutsche Bank’s (DB) US listed shares bounced back in early trading, after hitting an all time low, as investors sort through a slew of news about the troubled German bank. CEO John Cryan is trying to reassure employees that the bank remains strong despite quote “some few” hedge fund clients…

    Yahoo Finance
  • Deutsche Bank fears subside on Wall Street

    Wall Street is feeling a bit uneasy this morning. US stock futures are pointing to slight losses at the open as anxiety about Deutsche Bank’s financial health persist.

    Yahoo Finance
  • Deutsche Bank shares tank below 10 euros for first time

    Worries over the financial stability of Deutsche Bank returned to the fore Friday, sending shares in Germany's biggest bank to a record low and rekindling broader concerns about Europe's financial sector. ...

    Associated Press
  • Salesforce wants regulators to investigate Microsoft’s LinkedIn acquisition

    Just months after Microsoft Corporation’s $26 billion LinkedIn takeover, Salesforce is insisting that U.S. and EU regulators investigate the acquisition, claiming it poses a threat to competition and data privacy.

    Digital Trends
  • U.S. House panel lambastes Wells Fargo boss over phantom accounts

    WASHINGTON/NEW YORK (Reuters) - U.S. lawmakers called on Thursday for Wells Fargo & Co (WFC.N) chief John Stumpf to resign and a top House Democrat demanded the bank be broken up because it is too big to manage. Stumpf's second trip to Capitol Hill on Thursday went no better than his first as…

  • Investors binge on Viacom bonds after merger talk

    Investors piled billions of orders into a US$1.3bn bond from media giant Viacom on Thursday, betting that a possible merger with CBS would help turn around the struggling business. Sumner Redstone's National Amusements, the majority shareholder of CBS and Viacom, on Thursday proposed a merger…

  • Oil rises close to $50/bbl; doubts on OPEC plan cap gains

    Oil jumped more than 1 percent on Thursday, with Brent nearing $50 a barrel on optimism over OPEC's first planned output cut in eight years, although gains were limited by doubts the reduction would make a substantial dent in the global crude glut. OPEC said other details will be known at its…

  • Sumner Redstone urges Viacom-CBS deal, rules out others

    When Redstone split CBS from Viacom 10 years ago, investors saw the broadcaster as a slow-moving company catering to an older audience, compared with the young, scrappy Viacom, whose networks include Nickelodeon and MTV.

  • CBS, Viacom reunion could lift both after media upheaval

    LOS ANGELES/NEW YORK (Reuters) - Eleven years ago, media mogul Sumner Redstone declared "the age of the conglomerate is over" as he prepared to split old-school broadcaster CBS from the fast-growing Viacom Inc (VIAB.O) cable networks and the Paramount film studio. Now, the Redstone family's…

  • Markets Right Now: Stocks end lower on Wall Street

    The latest on developments in global financial markets (all times local): 4:00 p.m. Stocks are ending lower on Wall Street, led by drops in drugmakers and banks. Mylan slumped 4 percent Thursday after ...

    Associated Press
  • Commercial real estate prices are back to pre-crash highs but transactions are falling

    Commercial real estate transactions took a huge hit in August. Transactions consisting of multiple property portfolios fell 46%, while single asset deals declined 19% year-over-year. For the first half of 2016, regional and local banks were the biggest lenders for income-producing properties in…

    Lawrence Lewitinn
  • Wells Fargo workers say they were fired for reporting 'gaming' of sales quotas

    At least five Wells Fargo employees have sued the bank or filed complaints with regulators alleging that they were fired after reporting the opening of customer accounts without their permission, according to a Reuters review of lawsuits and complaints to the U.S. Labor Department. The suits and…

  • U.S. economy less sluggish in second quarter; companies investing more

    U.S. economic growth was less sluggish than previously thought in the second quarter as exports grew more than imports and businesses raised their investments, hopeful signs for the economic outlook. Other data released by the Commerce Department showed America's trade deficit for goods shrank in…