WPP CEO Martin Sorrell has announced that Facebook is set to become the second-highest media supplier in 2017, behind Google. WPP will spend nearly $5.5 billion on Google this year and is expected to spend […]
The American economy will grow 2.2% in 2017, according to economists surveyed by the National Association for Business Economics. Those surveyed also predicted a 4.7% unemployment rate and an increase of 2.3% for consumer prices. […]
President-elect Donald Trump promised to apply a 35% tariff on goods made by US companies overseas that are shipped back to the US for sale as part of his promise to bring back manufacturing jobs […]
Moving to reward Greece for its financial reforms, eurozone finance ministers agreed to support short-term debt relief for the country that includes an adjustment to the interest rate and an extension of the repayment period. […]
Issuance of collateralized loan obligations is unlikely to increase next year as risk-retention rules effective Dec. 24 force banks to hold 5% of the transaction, banks say. Banks expect volume of $50 billion to $70 […]
Finland’s Nokia is reportedly ready to return to the smartphone market next year with models produced with considerable input from Google. However, the phones will be made by another Finnish company, HMD Global, in cooperation […]
Italian Prime Minister Matteo Renzi announced his resignation after voters in a national referendum soundly rejected his proposed constitutional reforms. After Renzi’s announcement, the euro dropped to a 20-month low and European stock markets were […]
Financial-technology companies will be able to obtain a “special purpose charter” from the Office of the Comptroller of the Currency that allows them to operate nationally instead of meeting state-by-state rules. The charter also would […]
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