Author: super@dmin

Silicon Valley has “jumped the shark” and lacks innovation, venture capitalist Peter Thiel says. “Perhaps there aren’t as many big breakthroughs left in consumer internet … The big ideas have been tried.” Peter Thiel Thiel, who had one of those “big ideas” in 1999, when he co-founded PayPal Inc. PYPL, +1.01%  , and later was…

Zume Inc. is in the process of raising a major new round of capital through SoftBank Vision Fund in a deal that is expected to place a value of roughly $2.25 billion for the pizza-delivery and food-logistics startup. The company disclosed that its latest funding has brought in $375 million through a single investor, in…

Don’t miss these top money and investing features: Nothing to be scared about: the U.S. stock market’s best stretch historically is from Halloween to May Day. Stocks so far are following that path, running to catch up after a horrible October. Read more about the calendar effect on stocks; plus, check out retirement investing tips…

Two senior Goldman Sachs bankers allegedly paid bribes and stole and laundered money from a Malaysian sovereign-wealth fund, U.S. prosecutors said, putting the bank at the center of one of the biggest financial frauds in history. Goldman partner Timothy Leissner, formerly its head of Southeast Asia, pleaded guilty to conspiring to launder money and violate…

Walmart Inc. filed a lawsuit Thursday against its longtime credit-card issuer Synchrony Financial, alleging the lender breached terms of its contract with the retail giant. The lawsuit, filed in the U.S. District Court of the Western District of Arkansas, alleges that some of Synchrony’s underwriting standards financially harmed Walmart WMT, +0.30%  . The merchant said…

Good news retirement savers: The Internal Revenue Service announced cost of living increases to the contribution limits for retirement-related plans in 2019.

European stocks saw mixed trading action Thursday to kick off November, with the pan-European index rising, while London’s equity market retreated amid a surge in the pound following reports that an accord on Brexit may be at hand. How did markets perform? The Stoxx Europe 600 SXXP, +0.41% gained 0.4% to end at 363.08, after…

iStockphoto A row of middle class houses on an American suburban street Rates for home loans declined as bonds caught a bid, offering some breathing room for stretched home buyers. The 30-year fixed-rate mortgage averaged 4.83% in the Nov.1 week, down 3 basis points, mortgage finance provider Freddie Mac said Thursday. The 15-year fixed-rate mortgage…

From its September high, the S&P 500 Index fell 9.9% in only 27 trading days. This ranks as the fourth-quickest decline from an all-time high (or 52-week high) since 1980. Naturally this kind of mini-crash sparks bear market fears. We will discuss the odds of a bear market in a moment, but regardless of bear…

JPMorgan Chase & Co. CEO Jamie Dimon said Europe could be the source of a potential financial crisis, specifically pointing to sovereign debt as a eurozone trouble spot. The “long-term health of Europe is important for the whole world,” Dimon told German newspaper Handelsblatt in an interview published Thursday. Dimon said a number of problems…