Gary Cohn, President Trump's top economic adviser, worries about how reliant the financial system has become on clearinghouses -- the middlemen that ensure the smooth execution of trillions in complex transactions.
MoviePass lets people go to the multiplex as many times as they want for a $9.99 monthly subscription. The company that is buying a majority stake in MoviePass is surging. It looks like a great deal for film fans but a risky bet for investors.
Venezuela missed five small debt payments last week. It owes much more soon. Lately the Venezuelan regime is blaming delayed payments on sanctions imposed on it by the Trump administration.
The Nordstrom family, which owns a big chunk of the high-end retailer's shares, said it's putting takeover talks on hold until after the holidays. It's the latest sign of how tough it is for traditional retailers as Amazon and Walmart dominate.