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Snapchat to offer camera-equipped sunglasses in first hardware push

NEW YORK (Reuters) – Snap Inc, the newly renamed parent company of messaging app Snapchat, plans to start selling camera-equipped sunglasses starting this fall, Chief Executive Evan Spiegel told the Wall Street Journal in an interview. The sunglasses, dubbed Spectacles, … Continue reading

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U.S. presidential contest takes center stage for investors

By Noel Randewich SAN FRANCISCO (Reuters) – Who becomes the next U.S. president will be a primary focus for Wall Street next week and beyond, starting on Monday with the first debate between candidates Hillary Clinton and Donald Trump. While … Continue reading

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Wells Fargo hires law firm to advise on executive pay: WSJ

(Reuters) – Wells Fargo & Co’s board hired law firm Shearman & Sterling LLP to advise on executive compensation and potential clawbacks, the Wall Street Journal reported, citing people familiar with the matter. Robert Mundheim, a lawyer at the firm, … Continue reading

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Exclusive – Goldman Sachs cutting nearly 30 percent of Asia investment banking jobs: sources

By Pamela Barbaglia LONDON (Reuters) – Goldman Sachs is cutting almost 30 percent of its 300 investment banking jobs in Asia outside Japan in response to a slowdown in activity in the region, two sources familiar with the matter told … Continue reading

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Federal Reserve proposes new limits on Wall Street energy bets

WASHINGTON (Reuters) – The Federal Reserve on Friday outlined a plan to limit Wall Street bets on the energy sector by forcing enterprises like Goldman Sachs and Morgan Stanley to hold more capital against such investments. Under current law, Goldman … Continue reading

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Wall Street lower as investors assess valuations after rally

By Tanya Agrawal (Reuters) – Wall Street was lower in late morning trading on Friday as investors assess valuations after a three-day rally spurred by optimism that the Federal Reserve will hold off from raising interest rates in the near … Continue reading

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Will the Nasdaq Surge End in Another Tech Wreck?

It’s feeling like 1999 again. The Clintons are in the headlines. Everyone is enamored with new technologies (VR, autonomous vehicles, robotics). And the sluggish pace of rate hikes from the Federal Reserve is growing a nice bubble in financial markets. … Continue reading

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Wall Street opens lower after three-day rally

By Tanya Agrawal (Reuters) – U.S. stock indexes opened lower on Friday but were poised to end the week higher after a three-day rally spurred by optimism that the Federal Reserve will hold off from raising interest rates in the … Continue reading

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Wall Street set to open lower after three-day rally

By Tanya Agrawal (Reuters) – Wall Street looked set to open slightly lower on Friday as oil prices came off a two-week high, a day after the Nasdaq closed at a record high for the second straight day. All three … Continue reading

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S.Africa's Eskom to use $11 billion future earnings for nuclear expansion

JOHANNESBURG (Reuters) – South Africa’s power utility Eskom estimates it would have 150 billion rand ($11 billion) within the next decade to help fund a nuclear expansion programme planned by the government, a senior executive said. In a column in … Continue reading

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