New York overtakes London as world's financial capital amid Brexit chaos, survey claims

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New York overtakes London as world's financial capital amid Brexit chaos, survey claims

Uncertainty surrounding the U.K.’s departure from the EU has seen New York overtake London as the financial center of the world, according to a new survey of financial professionals. U.S. consultancy firm Duff & Phelps published its 2019 Global Regulatory …
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IndiGo, the low-cost conqueror, is now coming for Emirates, Etihad Airways

Think Emirates just had a bad year? It’s about to get a whole lot worse. The world’s largest airline by international passengers hit an air pocket in the 12 months through April, with net income falling by more than two-thirds to its lowest level since 2002. On the …
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Aldi recalls flour linked to E. coli outbreak that sickened 17 people in 8 states

Aldi has recalled bags of all purpose flour linked to an E. coli outbreak that has sickened 17 people in eight states. The 5-pound bags of Bakers Corner All Purpose Flour were sourced from an ADM Milling Co. factory in Buffalo, New York, and bear UPC code …
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Citi slashes Apple outlook, saying trade war will likely cut China sales in half

Citi has cut its forecast for Apple’s earnings, saying the U.S. trade war with China will further hurt iPhone sales in the second half of the year. “The US/China trade situation will result in a slowdown of Apple iPhone demand in China as China residents shift …
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Some Think the Fed May Be Employing a Special "Donald Discount"

Is the Federal Reserve granting Donald Trump Drug a special, preferential interest rate because its governors regard our President as a loose canon? When Trump was battling for the Republican nomination in 2016, I interviewed a former top executive from …
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