Former RBC FX trader suing bank for £13 million
John Banerjee was headhunted to work at Royal Bank of Canada (RBC) as an emerging markets trader at...
UPDATE 1-Akamai results beat estimates as cloud security drives growth
Akamai Technologies trounced Wall Street’s estimates for first-quarter revenue and profit on Monday as its aggressive push to...
Bitcoin has ‘elements of all of the different asset classes,’ CFTC chairman says
The ecosystem around bitcoin is still changing, but U.S. Commodity Futures Trading Commission Chairman J. Christopher Giancarlo said...
South Korea’s exports unexpectedly fall for the first time in 18 months
South Korean exports declined in April for the first time in 18 months, unable to keep up with...
Detroit sheds financial oversight. ‘They’ve earned their way out of it,’ says Michigan governor
Detroit gained the freedom on Monday to oversee its own finances, another sign that city has staged a...
US Justice Department charges Panasonic unit with anti-bribery law violations
The U.S. Justice Department filed criminal charges against a unit of Panasonic on Monday, alleging the company falsified...
March pending home sales barely rose as buyers struggled to afford what little is available
March marked the official start of the spring, but it didn’t cause more home buyers to leap into...
US annual inflation measures jump as consumer spending rises
U.S. consumer prices accelerated in the year to March, with a measure of underlying inflation surging to near...
The last two times this ‘classic late-cycle activity’ emerged, a recession soon followed
A disconnect between the best- and worst-performing sectors this year is raising a note of caution to some...
The typical professional investor today has never seen rising rates; here’s what they should expect
Ill-equipped investors may be set for a rude awakening if the rising-rate environment continues, Fundstrat’s Tom Lee is...
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