Financial Post | Geoff Zochodne | Nov 5, 2019 Open banking is already happening in the market and regulators need to catch up A lack of action on open banking could be forcing Canadian consumers to choose between convenience and security when it comes to third-party financial service providers, according to the chief digital officer
The S&P 500 and Dow Jones indexes opened near record highs on Wednesday, as a largely upbeat corporate earnings season and optimism around a U.S.-China trade truce drive a Wall Street rally.
Uber Technologies Inc fell as much as 9% to a record low on Wednesday after shares held by early investors became available for sale following a six-month restriction since the ride-hailing company's initial public offering.
A U.S. regulator said units of Bank of America Corp and Raymond James Financial Inc will pay roughly 12 million in restitution to customers who incurred excess fees on their investments in so-called 529 plans, which are used to encourage saving for educational expenses.
Wendy's Co reported on Wednesday that North America same-store sales rose 4.4% in the third quarter, powered by new launches such as the $5 Biggie Bag deal and spicy chicken nuggets.
A strike by Lufthansa cabin crew over two days this week will result in the cancellation of 1,300 flights and affect 180,000 passengers, the German carrier said on Wednesday.
Wall Street was on course to open close to record highs on Wednesday as investors digested a corporate earnings season that has seen the bulk of U.S.-listed firms best analysts' expectations, funding another round of stock market gains.
CVS Health Corp posted better-than-expected quarterly profit and revenue on Wednesday, boosted by its Aetna health insurance and pharmacy benefits management units, prompting it to raise its 2019 earnings forecast.
There may be no free lunch in the financial services industry, but there is now free trading of stocks, exchange-traded funds and options as custodians eliminate commissions for retail and financial advisor clients.
Papa John's International Inc said on Wednesday its finance head would leave the company next year as new Chief Executive Officer Rob Lynch makes top level changes to turn around the pizza chain's business.
Competition in Egypt's ride-hailing and tech-enabled transport market is heating up as rivals from global giant Uber to smaller local firms vie for a slice of the Middle East's largest market.
Nonacademic measures such as integrity and initiative are increasingly important, especially at the nation's most selective schools.
CVS Health Corp posted a better-than-expected quarterly profit on Wednesday, boosted by its pharmacy benefit management unit and the Aetna health insurance business it acquired last year.
Oil prices fell on Wednesday, pulled down by a larger-than-expected build in U.S. crude stocks, after gaining for three sessions on expectations of an easing in U.S.-China trade tensions.
Under the Trump administration, the Securities and Exchange Commission (SEC) has taken more than two dozen measures - including trimming rules - that make life easier for corporate America, according to a Reuters analysis of SEC announcements and interviews with more than a dozen lawyers, academics and advocacy groups. [L2N26V0LM]