These are challenging times for Wall Street investment banks. Goldman Sachs posted another big drop in revenue as Brexit worries took their toll. Goldman has cut its bonus pool and other expenses as well to compensate.
Softbank shares tumbled Tuesday as investors reacted to the company's $32 billion purchase of ARM Holdings, one of the U.K.'s most successful tech companies.
Kevin Cummings was rewarded with $20 million in compensation last year, making him the highest paid bank CEO in America. But that big pay hike has ruffled some feathers, including a shareholder lawsuit and close vote on pay.
Zagg, a smartphone accessory company that recently bought battery case maker mophie, is surging after PC Magazine recommended one of its products for Pokemon Go players looking to preserve their phone's battery life.
JPMorgan, Citigroup and Wells Fargo all sound less worried about the health of their loans to struggling oil companies thanks to rising prices and efforts to get ahead of the problem.
Investors are dumping travel and tourism stocks again as the terror attack on Nice, France, threatens to deter more visitors. Shares in many companies are down more than 20% this year.
David Samson, a close political ally of N.J. Gov Chris Christie, pleaded guilty in scandal involving a United Airlines flight scheduled for his benefit.
In a significant privacy ruling, a U.S. appeals court determined that Microsoft does not have to give the Justice Department emails that are stored in Ireland.
The semi-autonomous driving technology is still too limited in its capabilities to live up the expectations of many drivers that it can drive the car on its own, the magazine said.
