Startup bank Monzo is ending one of its most popular features — unlimited overseas ATM withdrawals

LONDON — Startup bank Monzo is ending one of its most popular features: Unlimited free ATM withdrawals abroad. The British company, which offers a current account and a…

The value of Brexit transition deal is ‘disappearing by the day’

Finance lobby group TheCityUK warns transition deal needed by Q1 2018. Value “disappearing by the day” as companies prepare for the worst by moving jobs and capital elsewhere….

The 15 cities where Americans work the hardest

Americans work a lot. According to the Organization for Economic Co-operation and Development, Americans logged on average 1,783 hours of work in 2016. That’s at least 100 more hours a…

Silicon Valley is struggling to understand Tesla’s Model 3 production problems — here’s why (TSLA)

Tesla could be struggling to get the welding right with its Model 3 sedan. The vehicle’s production ramp has been delayed. Tech investors are also struggling to understand…

130,000 UK firms failed to sign up to a compulsory register revealing who controls Britain’s wealth

The People with Significant Control register was launched in June 2016 as part of a “corporate transparency” bid to show who ultimately owns and controls UK companies. 130,000 UK…

A small Minnesota-based investment bank you’ve never heard of got in on a $3.6 billion Wall Street deal

Think of Minnesota, and the first thing that probably comes to mind is the state’s 10,000 lakes. Not multi-billion dollar pharma deals. But that’s exactly what’s on the…

The IMF is catching up to the prospect that Trump won’t deliver tax cuts

The International Monetary Fund has modestly revised down its growth outlook for the United States in an otherwise rosy report depicting a rare bout of synchronized economic expansion…

Goldman Sachs’ chief equity strategist says there is an 88% chance we’re heading into a bear market

LONDON — Goldman Sachs has circulated a fascinating but scary research note to clients suggesting that the probability of stocks entering a bear market in the next 24…

A report coauthored by a People’s Bank of China researcher says China’s economy is about to hit a wall

China’s economy may soon start feeling some negative payback for stimulus policies that have helped growth to rebound but at the cost of rising corporate debt levels, according…

The Fed is putting too much faith in dubious economic models — and American jobs are at stake

Federal Reserve Vice Chairman Stanley Fischer has a curious parting message as the US central bank’s No. 2 official: Trust us. “I still believe we will have higher…

2 protégés from billionaire Steve Cohen’s investment firm are gearing up for a big hedge fund launch

A tech focused stock team from Steve Cohen’s investment firm is readying for launch. KCL Capital, founded by Chris LaSusa and Kevin Cottrell, plans to open November 1 with…

Cryptocurrencies are ‘in the 3rd inning’ — and Wall Street is just getting started

The rapid rise of bitcoin, the red-hot cryptocurrency up more than 400% this year, has Wall Street abuzz.  Still, despite its meteoric rise, bitcoin by many measures is…

New Yorkers now use Uber more often than taxis

Uber has made a concerted push to expand its reach in New York City, and it’s starting to reap the benefits. For the first time ever, more people…

Goldman Sachs is reportedly exploring options for its stake in the Weinstein Company

Goldman Sachs is “exploring options” for its small stake in The Weinstein Company after more than two dozen women came forward with accusations of sexual harassment against Hollywood mogul Harvey Weinstein,…

ROSENBERG: This may be ‘one of the most bullish, and underappreciated, charts on the planet right now’

One of the core aspects of Japanese Prime Minister Shinzo Abe’s Abenomics has been “womenomics,” which aims to put more women into the labor force in the hopes…