First-time jobless claims in the US dropped by 10,000 last week, to 258,000, reversing the trend that sent the previous week’s total to its highest level in five months. Initial claims have remained below the […]
Global credit rating agencies could gain access to China, possibly giving investors a more accurate assessment of risks in the country’s corporate-debt market. “We are encouraged by the removal of credit rating agencies from the […]
The European Central Bank committed to extending its asset-purchase scheme through the end of 2017, but will reduce its monthly purchases to €60 billion from €80 billion beginning in April. The ECB also changed its […]
Facebook is encouraging mobile app developers to buy dynamic spots to spur downloads. The company is also offering a service that enables brands to pinpoint which users are most likely to make a high-value purchase. […]
Up from a 17M figure reported in September. Having launched 18 months ago and now the second-place player in the field behind Spotify (Private:MUSIC), Apple Music (NASDAQ:AAPL) nevertheless remains up against tough competition from the […]
Cloud-based integration software company SnapLogic today announced a funding round of $40 million. The San Mateo, California-based company helps integrate and transfer data between different cloud applications. SnapLogic has attracted over 700 customers — Adobe, Box, […]
The Standard & Poor’s 500 index and the Dow Jones industrial average have surged to record highs as property and telecom stocks join a postelection rally. “Appetite for riskier assets is strong amid investors, and […]
The Federal Reserve released a research paper that calls fintech’s long-term effects unclear and for more study. The paper indicates how the central bank plans to monitor blockchain and other financial innovations. The Trade (UK) […]
Airbnb has written a “policy tool chest” for governments considering home-renting regulation that addresses issues such as collection of lodging taxes and setting up permitting systems. “We want to work with lawmakers to get this […]
Voice activation via Apple’s Siri is handling lighting, temperature and other functions in 10 rooms of the Aloft Hotel in Boston’s Seaport district. Guests pay a $75 charge in the pilot program. Aloft Hotels are […]
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