Business News
Futures Movers: Oil prices slip as U.S. crude supplies unexpectedly climb, but output declines
Market Watch - 1 Aug 2018 17:07
Oil prices trade lower after official U.S. data reveal an unexpected weekly climb of nearly four million barrels in domestic crude supplies, but a decline in production helps limit losses.
A parasitic illness that hit McDonald's and sickened 160 people has spread to Trader Joe's, Kroger, and Walgreens
Business Insider - 1 Aug 2018 12:33
Getty Walgreens, Trader Joe's and Kroger are the latest stores to be hit by the cyclospora parasite. Products containing romaine lettuce are affected, according to a government warning. Consumers have been urged to throw...
Here are the 12 best used car deals for under $20,000
Business Insider - 1 Aug 2018 16:59
Mazda Some off-leaseused carscan be purchased for under $20,000. iSeeCars.com analyzed more than 4.1 million cars to find the 12 cars that had the lowest 3-year-old used price. The average depreciation rate for new cars ...
The Wall Street Journal: Advisers urge Trump to raise tariffs to 25% on $200 billion of Chinese goods
Market Watch - 1 Aug 2018 05:11
As Washington and Beijing struggle to break a trade impasse, some administration advisers are urging President Donald Trump to raise the stakes with a sharp increase in the level of tariffs proposed for $200 billion in C...
Dan Loeb trying to convince family members to put Campbell's Soup up for sale
New York Post - 1 Aug 2018 04:53
Shareholder activist Dan Loeb has recently hired an investment banker to help convince family members who essentially control Campbell Soup Co. to put the company for sale, two sources familiar with the matter said. Thos...
Apple inches closer to $1T market cap after record-setting third quarter
New York Post - 1 Aug 2018 04:35
The iPhone just keeps ringing -- up profits. Apple beat top- and bottom-line expectations in its latest quarter, sending shares to an all-time high in after-hours trading -- and bringing the company ever closer to the el...
Sec. Nielsen on 2016 US election interference: 'It was the Russians'
Business Insider - 1 Aug 2018 03:59
Oliver de Ros/AP Photo Department of Homeland Security Secretary Kirstjen Nielsen backed up US intelligence findings on interference in the 2016 US presidential election Tuesday, saying "it was the Russians." Speaking at...
Lyft will pay you to ditch your car! Well, sort of...
USA Today - 1 Aug 2018 03:00
Lyft is trying to be the #1 ride share service in the country. Starting in August, the ride-hailing company is offering 100 Chicago residents $550 each in Lyft credit if they ditch their personal vehicles for a month. ...
Buffett's Berkshire offers loan to owner of former Sears properties
Reuters - 1 Aug 2018 02:41
Billionaire Warren Buffett's Berkshire Hathaway Inc is loaning up to $2 billion to the company that owns some of what used to be some of Sears Holdings Corp's best real estate.
Market Snapshot: Stocks gain altitude as Apple hits record; trade fears weigh on bulls again
Market Watch - 1 Aug 2018 17:13
U.S. stocks rose on Wednesday, as positive results from Apple and strong labor-market data supported positive sentiment, although fresh worries over tariff disputes re-emerged and cast a pall over Wall Street.
Scam robocallers are getting creative and stole nearly $1 billion last year
Market Watch - 1 Aug 2018 17:08
Over 1,500 robocalls were placed every second last month, but how do you know if they're fake?
U.S. factory activity slows; private payrolls increase
Reuters - 1 Aug 2018 17:07
U.S. manufacturing activity slowed in July amid signs that a robust economy and import tariffs were putting pressure on the supply chain, which could hurt production in the long term.
Sprint beats profit estimates, says higher prices could affect growth
Reuters - 1 Aug 2018 17:06
Sprint Corp on Wednesday topped analysts' estimates for quarterly profit and new wireless subscribers, but said the higher prices for its revamped phone plans could affect future growth.
'Crazy Rich Asians' turned down a 'gigantic payday' from Netflix so the movie would be seen in theaters
Business Insider - 1 Aug 2018 17:03
Warner Bros. Netflix made a huge offer to distribute the "Crazy Rich Asians" movie, but the author of the book it's based on, and the film's director, said "no" in favor of a theatrical release. "Crazy Rich Asians" is th...
Video shows Philippines president Duterte crushing $5.6 million worth of luxury cars as part of his anti-corruption drive
Business Insider - 1 Aug 2018 17:03
Seventy-six luxury cars and motorbikes were destroyed in a government ceremony in the Philippines this week. The show was part of President Rodrigo Duterte's anti-corruption campaign. Combined, the vehicles had been valu...
US factories grew at a slower pace in July
ABC News - 1 Aug 2018 17:01
Survey: US manufacturers expanded again in July - but at a slower pace
Court nixes plaintiffs' experts in acne drug lawsuit
Miami Herald - 1 Aug 2018 16:59
New Jersey's Supreme Court says plaintiffs suing the maker of an acne drug can't present some expert testimony that seeks to cast doubt on the drugmaker's claims. More than two …
Jeff Bezo's $150 Billion Fortune Is A Policy Failure
The Atlantic - 1 Aug 2018 16:57
Growing inequality in the United States shows that the game is rigged.
FCB Expands Branded Entertainment Offering to U.S.
AdWeek - 1 Aug 2018 16:56
FCB&FiRe, the branded content offering created by the alliance of FCB and FiRe Advertainment in Latin America earlier this year, is expanding to the U.S. with offices in Austin and Miami and a new partnership with Sergio...
Tesla plans to raise funds for its China factory: Bloomberg
Reuters - 1 Aug 2018 16:54
Tesla Inc is looking to raise a portion of the $5 billion it needs to build its factory in Shanghai from local Chinese partners, Bloomberg reported on Wednesday, citing a source familiar with the matter.
The owner of MoviePass is crashing after announcing a new restriction on its service
Business Insider - 1 Aug 2018 16:53
Markets Insider Shares of MoviePass owner Helios & Matheson are down nearly 50% Wednesday. The selling comes after the company announced a new restriction on its service. Helios & Matheson shares have plunged more than 9...
Cuomo blasts reporter's company after question on donations
Miami Herald - 1 Aug 2018 16:53
New York Gov. Andrew Cuomo has criticized a reporter's employer after the journalist asked about political contributions from a company under federal investigation. NY1 reporter Zack Fink asked the Democrat …