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Business News

Location American Business News for 26 December 2017

What suspension of HELOC tax deduction means for banks

American Banker - 26 Dec 2017 20:08
Any decline in home equity balances could be offset by higher demand for other types of consumer loans. The worry is that only borrowers with blemished credit will take out home equity loans, increasing banks' risk.
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D.E. Shaw's Big Moves in Smaller Stocks

Barron's - 26 Dec 2017 20:47
D.E. Shaw's Big Moves in Smaller Stocks The hedge fund bought more shares of Realogy Holdings and Babcock & Wilcox. It sold James River stock.
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U.S. home prices surge 6.2%, outpacing wage growth U.S. home prices climbed a robust 6.2% from a year ago, amid strong demand from would-be buyers and a shrinking supply of properties for sale.        
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Returns: How retailers are solving a major post-holiday problem The gift-giving season leaves a lot of people receiving things they don't want.        
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Bitcoin prices continue to fall

L.A. Times - 26 Dec 2017 02:55
Bitcoin prices continue to fall Bitcoin, the biggest cryptocurrency, extended its decline over the long holiday weekend, failing to reverse a sell-off that began after an unprecedented rally that brought the digital currency's price to nearly $20,000. ...
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Berkshire Hathaway Is Ending the Year With a Bang Why the book value of Warren Buffett's conglomerate could rise 13% in the fourth quarter.
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FHA faces uphill struggle to win lenders back

American Banker - 26 Dec 2017 23:08
HUD Secretary Ben Carson has spent much of his first year trying to convince lenders they wouldn't be harshly penalized if FHA-guaranteed loans went bad. But he still has a ways to go.
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My Power Word For 2018 Will Inspire You Too

Forbes - 26 Dec 2017 19:19
My Power Word For 2018 Will Inspire You Too Have you thought of your power word for 2018 yet? This is a perfect time to reflect on the year that's gone by and start setting intentions for the year ahead. My word is set and I think it'll inspire you too.
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Nodine's Smokehouse recalled smoked salmon sold in 1.5-pound and 8-ounce packages, the latest ripple in a listeria-inspired national smoked fish recall. The recalled Smoked Atlantic Salmon, sold nationwide in retail …
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North Korea's likely achievement of a viable nuclear deterrent next year will give rise to a new and more unstable era of containment. As the specter of war looms in the Asia-Pacific, China and Russia will band together ...
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A Pennsylvania woman gets a $284 billion dollar electric bill According to Erie news, earlier this month, a pennsylvania woman logged online to check her electric bill, only to find out she owed 284 billion dollars. Buzz60's Natasha Abellard (@NatashaAbellard) has the story.    ...
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The experience you build for your team members is important for so many reasons, so make 2018 the year to set employee-experience-related resolutions.
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Americans are spending more and saving less

New York Post - 26 Dec 2017 05:04
Americans are spending more and saving less Americans are on a spending spree. And that's not necessarily a good sign for the longer-term economy. The Department of Commerce late last week reported that personal income rose only 0.3 percent in November, while pers...
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A time saver: Joint U.S.-Mexico cargo inspections launch at a San Diego border crossing In a move expected to dramatically reduce wait times for hundreds of trucks that each day move goods from Tijuana to San Diego, Mexican customs officials for the first time are working side by side with their U.S. counte...
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Aston Martin announces recall for 5,500 vehicles in US

New York Post - 26 Dec 2017 00:31
Aston Martin announces recall for 5,500 vehicles in US British sportscar maker Aston Martin is recalling around 5,500 vehicles in the United States due to problems with powertrains and battery cables, according to documents posted on the National Highway Traffic Safety Admin...
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Grain and livestock higher

News Observer - 26 Dec 2017 22:30
Wheat for March was 2.50 cents lower at 4.2225 a bushel; March corn was up .75 cent at 3.5275 a bushel; March oats gained .75 cent at $2.4325 bushel; while …
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Foolish Take: How much are Millennials making across the U.S.? Millennials earn below-average wages, and there's a significant gender gap.        
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Stocks have a sluggish start; Apple takes a hit

L.A. Times - 26 Dec 2017 17:00
Stocks have a sluggish start; Apple takes a hit Stocks had a sluggish start on Wall Street early Tuesday as technology companies moved down. Apple dropped 2.7% on speculation that the company would cut its targets for iPhone sales. Trading was closed Monday for Christ...
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2 New Year's Resolutions You Need For Your Small Business New Year resolutions should be made for your small business. Start this year off with two resolutions that will help you in the long term.
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Wall Street opens lower as Apple weighs

Reuters - 26 Dec 2017 16:35
(Reuters) - U.S. stock indexes opened lower on Tuesday in light trading volumes, dragged down by losses in shares of Apple and its suppliers after a report on disappointing iPhone X sales forecast.
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Uber agrees to sell its US auto-leasing busines

New York Post - 26 Dec 2017 16:28
Uber agrees to sell its US auto-leasing busines Uber has agreed to sell its US auto-leasing business Xchange Leasing to startup car marketplace Fair.com, The Wall Street Journal reported on Tuesday, citing people familiar with the matter. The net book value of Xchange...
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3 Ways to Better Build Relationships with Customers in 2018 Some of today's top marketing & tech leaders sound off on how to get ahead.
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