What Happened To LendingClub? Bank Industry’s Big Disrupter Stumbles
With the resignation of CEO Renaud Laplanche, LendingClub finds itself at the center of challenges facing the marketplace lending sector.
Uber, Lyft Lose Austin, Texas, Referendum After Spending Millions To Change Ride-Hailing Rules
The ride-hailing companies poured millions into an effort to change the Texas capital's ordinances on taxi services.
Gaza Fire Update: Deaths Of Three Children In Gaza Raise Palestinian Political Tensions
Palestinian political factions traded accusations after a deadly blaze that was ignited by candles being used because of power outages.
Kidnapped Spanish Journalists Released After 10 Months Of Captivity In Syria
The reporters, held captive since July 2015, were released Saturday with diplomatic help from Turkey and Qatar.
Trump Floats Radical Idea To Back Out Of US Debt Obligations; Economists Aren’t Thrilled
The U.S. should wiggle out of its debt payments, the Republican presidential hopeful said. Economists aren’t so sure.
Massive Anti-Government Protests Sweep Across Warsaw In Show Of Polish Support For EU
As many as 200,000 protesters descended on Poland's capital Saturday, accusing the Warsaw government of limiting freedoms and straining ties to Europe.
April Jobs Report: The US Labor Market In Five Charts
Job gains in April were weak, with 160,000 jobs added to payrolls, compared with estimates of 200,000. These five charts explain what’s happening and how it affects workers.
Goldman Sachs Extends Job Cuts In Trading Division
Cuts in the trading and sales division come as the investment bank led by CEO Lloyd Blankfein grapples with a changing banking landscape.
Jobs Report April 2016: Millions Of Americans Are Rejoining The Labor Market, But Who Are They?
The labor market has improved enough to bring back even the most marginalized job seekers, economists said ahead of Friday's government report.
Sohn Conference 2016: Fraught Hedge Fund Managers Are Facing Their Biggest Critics
At the Sohn Investment Conference in New York City, top fund managers reckoned with a combination of difficult markets and industry overpopulation.
Stanley Druckenmiller Laments ‘Reckless’ Corporate Financial Behavior
Companies are eating themselves alive to satisfy shareholders, said Stanley Druckenmiller, a hedge fund titan and former lieutenant of George Soros.
Leicester City FC: Win For England’s Historic Soccer Underdog Means Big Loss For UK Bookmakers
U.K. bookies are doling out a record $11 million to British bettors who took a chance on the unsung team at the start of the season.
What Is King Power? Leicester City FC’s Fairy-Tale Soccer Victory Driven By Thai Duty-Free Retail Chain
Thai mogul Vichai Srivaddhanaprabha is the unlikely force who brought Leicester City from obscurity to the top of English soccer.
Yelp Inc. (YELP) Just Received A Big Investment From Hedge Fund Manager David Einhorn
David Einhorn, manager of Greenlight Capital, placed a bet that the restaurant review app will emerge unscathed after a critical documentary is released.
IBM Stock: Warren Buffett’s Investing Philosophy Tested By Berkshire Hathaway’s Ongoing Stake In Big Blue
The famed investor has faced questions over Berkshire Hathaway’s $11 billion stake in IBM, providing a challenge for the billionaire’s investing ethos.
Berkshire Hathaway Annual Meeting 2016: Four Things To Watch During Warren Buffett’s Investor Event
At Berkshire Hathaway's annual shareholders meeting Saturday, the billionaire investor weighed in on the election campaign, Coca-Cola, Valeant and other topics.
Berkshire Hathaway Annual Meeting 2016 Live Stream: Watch Warren Buffett Address Shareholders Here
You don't have to travel to Omaha, Nebraska, this year to watch Warren Buffett addressing investors at the company's storied annual event.
Delayed Valeant Earnings Reveal New Investigations At Embattled Pharmaceutical
Though Valeant settled many lingering questions in its postponed earnings report Friday, the drugmaker disclosed a few new legal proceedings.
From Obamacare To Wages, Here Are President Obama’s Economic Highs And Lows In Five Charts
In an interview with the New York Times Magazine, the president outlines his thoughts on the economy. Here are his key points, in five charts.
UK Brexit Vote Consequences: Economists Argue For Higher Economic Growth Outside EU After Leave Decision
A group of eight notable British economists has pushed back on the notion that the U.K. would be harmed by leaving the EU. But they remain a minority.
GDP: US Economy Braked Sharply In First Quarter, Growing At Disappointing 0.5% Pace
The economy grew at a disappointing 0.5 percent pace, the weakest since the first quarter of 2014, due to slower growth in China and low energy prices.
Valeant Pharmaceuticals Executives Couldn’t Name A Single Drug Whose Price They Hadn’t Raised
Two executives from the embattled pharmaceutical company couldn't name a single drug for which they hadn't hiked prices.
US Federal Reserve, Holding Interest Rates Steady, Shows Less Trepidation Over Global Economic Risks
In its semiregular update on monetary policy, the Federal Reserve provided subtle hints regarding its openness to a June rate hike.
Valeant Pharmaceuticals International (VRX) Outgoing CEO Michael Pearson To Renounce Drug Price-Hiking Model He Pioneered
“I regret pursuing transactions where a central premise was a planned increase in the prices of the medicines,” said soon-to-be-former CEO Michael Pearson.
Oil Giant Exxon Mobil Corp (XOM) Loses Top Credit Rating From S&P, Held Since The Great Depression
This is the oil giant’s first credit rating slide since 1930, owing to low oil prices and the company’s multibillion-dollar shareholder payouts.
International Business Machines Corp. (IBM) Is Pushing The Limits Of Shareholder Payouts With Its Latest Quarterly Dividend Hike
Over the past five years, the 105-year-old company has given far more cash back to investors than it has made in profits.
CEO Pay: Corporate Executives Got A Raise In 2015, Despite Faltering Business Performance
Compensation rose 3 percent to a median $14.5 million for the nation’s top 100 CEOs in 2015.
The Market Is Rallying, But Bulls Have Retreated
Even as stocks pushed toward new heights in the past week, fewer big money managers considered themselves bullish on the course of the market.
Big Week For Central Banks As US Federal Reserve Holds Meeting, Bank of Japan Expected To Ease Further
Policymakers from the Federal Reserve and the Bank of Japan will sit down this week to hash out next steps in an uncertain global economy.
Bank Of America To Fed: Weakening Dollar Signals Coming Inflation
Bank of America analysts took apart consumer price data to show just how much falling dollar exchange rates could affect inflation.