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Business News

Location American Business News for 24 February 2018

2018 Energy Roundtable: Don't Give Up on Oil

Barron's - 24 Feb 2018 07:09
2018 Energy Roundtable: Don't Give Up on Oil Our panelists see upward pressure on crude prices. Eight intriguing picks in the oil patch, including three MLPs.
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China may be eager to sell Waldorf Astoria after seizing control The Chinese government just took control of the Waldorf Astoria -- but it doesn't seem to be interested in revamping the lobby or improving the room service. Industry insiders say Beijing looks eager to unload the Park A...
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Bank and car rental giants are cutting ties with the NRA Companies being urged to cut ties with the gun rights group, advocating a NRA boycott. Veuer's Nick Cardona has that story.        
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Venezuelan Free Fall Would Give Oil a Pop

Barron's - 24 Feb 2018 05:56
Venezuelan Free Fall Would Give Oil a Pop More signs of economic hardship raise the odds that the country's oil output will drop further
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An Advisor Takes Profits as the Bull's Charge Slows In the weeks before the volatility hit, Morgan Stanley's James Moriarity decided to slash stock positions by up to 15%. What he recommends now.
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Airbnb Adds Hotels As It Tries To Shed 'Alternative' Travel Image Boutique hotels and vetted listings are just two of the first steps to turning Airbnb into a travel company for everyone.
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Wall Street looks for clues from tight-lipped new Fed chair The biggest riddle on Wall Street is about the man in the middle of it. Investors on Friday scrambled to interpret the first major report issued by Jerome Powell, the new head of the Federal Reserve -- and how high the c...
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What Will It Take For Bitcoin To Replace The Dollar In Everyday Transactions 60.3% of cryptocurrency holders see cryptocurrency volatility as the most important barrier of using cryptocurrencies in everyday transactions.
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Renewed Stock Volatility Beckons Day Traders

Barron's - 24 Feb 2018 06:08
Renewed Stock Volatility Beckons Day Traders Where fledgling traders can learn and possibly get some funding. Plus more from Overstock.com, Merrill Edge, and E*Trade.
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Stephen Calk is in the national media glare because his small Chicago-based bank made two enormous loans to Paul Manafort, President Trump's onetime campaign manager and a key figure in the investigation into Russian med...
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JPMorgan is building a new headquarters in New York City (JPM) Getty/Andrew Burton JPMorgan Chase will start building a new headquarters next year that will house 15,000 employees. It will replace the current headquarters at 270 Park Avenue, which was built in the 1950s and designed...
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Ken Livingstone could rejoin the Labour party as a full member Carl Court/Getty Images Former London mayor Ken Livingstone may rejoin the Labour Party as a full member following his two-year suspension, The Observer reported on Saturday. The newspaper said that sources inside the La...
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Investor Warren Buffett says the acquisition frenzy on Wall Street is making it hard for him to find deals at the right price, but his Berkshire Hathaway conglomerate recorded a …
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Recently filed federal charges against Paul Manafort ​could pose legal and regulatory risks for the banks that loaned him millions of dollars against his N.Y. real estate
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Bank of America strategists shatter a widespread myth about interest rates and stocks after being bombarded with questions Andrew Burton/Getty Images Stocks actually have a "weak and inconsistent correlation" with interest rates, according to Bank of America Merrill Lynch strategists. They've been receiving lots of questions from clients fol...
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Warren Buffett lays out the 'gory details' of the 4 times Berkshire's stock suffered huge drops -- and his advice for surviving a market downturn Reuters/Shannon Stapleton Warren Buffett laid out the four times Berkshire Hathaway shares got crushed. He says these big drops show why investors should never use borrowed money. Warren Buffett delivered his annual lett...
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Berkshire Hathaway's fourth-quarter profit more than quadrupled as it received a $29 billion boost from the new tax law that easily offset any weakness in the company's businesses. Berkshire said …
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What correction? $6.3 trillion manager BlackRock just boosted its outlook on US stocks Getty Images / Spencer Platt BlackRock raised its outlook on US stocks to overweight from neutral, citing the positive effect of fiscal stimulus on earnings growth. The firm notes the ratio of upward profit revisions for...
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Workplace: 5 tips onhow to keep employee turnover low One core aspect of successfully running a business is keeping staff happy and motivated so that they continue to perform at effective levels.        
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Berkshire Hathaway Beats S&P 500 Again, Cites Tax Cuts For Windfall Thank you, President Trump? Warren Buffet says Berkshire Hathaway's 23% gain in book value is mostly due to the new tax code.
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NEW YORK (AP) -- The National Rifle Association is facing a corporate backlash as companies take a closer look at their investments, co-branding deals and other ties to the gun industry following the latest school massac...
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My No. 1 Profit Strategy For Soaring Inflation If you're worried inflation will sideswipe your portfolio, well, you have good reason to be.
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