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Business News

Location American Business News for 13 November 2018

5 Ways Smart People Sabotage Their Success

Harvard Business Review - 13 Nov 2018 17:05
In-depth thinking isn’t the solution to every problem.
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Tech stocks tank as Dow drops 600 points

New York Post - 13 Nov 2018 07:34
Tech stocks tank as Dow drops 600 points Wall Street took another beating Monday as major indexes plunged on global growth worries and as former tech darlings continued to lose their luster. The Dow Jones industrial average fell 602.12 points -- or, 2.32 percen...
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Banks bailing on NYC for more affordable cities

New York Post - 13 Nov 2018 07:10
Banks bailing on NYC for more affordable cities That low, rumbling sound that you hear on Wall Street may be a stampede of workers -- out of the city. The ranks of New York's financial services industry are set to decline in 2019 as interest rates climb -- and big ban...
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General Electric plans to sell up to 20% of its majority holding in oil services company Baker Hughes, providing around $4 billion in cash for the struggling conglomerate.
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Why raising gas taxes makes sense now

New York Post - 13 Nov 2018 06:32
Why raising gas taxes makes sense now I'm OK with Washington and the states raising the gasoline tax if the money really does go toward repairing the potholes that are wrecking my car and fixing the bridges that will someday fall down -- probably when I'm on...
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Trump's Tax Cut Was Supposed to Change Corporate Behavior. Here's What Happened. Nearly a year after the tax cut, economic growth has accelerated. Wage growth has not. Companies are buying back stock and business investment is a mixed bag.
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What Stan Lee Knew About Managing Creative People

Harvard Business Review - 14 Nov 2018 00:20
The creative giant was also a great boss.
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US October budget deficit jumps to $100.5 billion Federal government records $100.5 billion October deficit, up sharply from year ago
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U.S. stock indexes were mostly higher in early trading Tuesday, erasing some of the losses from a steep, technology-driven sell-off a day earlier. Gains in banks and technology companies outweighed …
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Amazon's 'HQ2' is officially coming to New York and Virginia Amazon announced Tuesday that it’s chosen Long Island City in Queens and Arlington, Virginia, as locations for its new headquarters. The online retail giant pledged a $5 billion investment to create 25,000 jobs at each...
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Franklin Templeton Investments entered the $67 billion Israeli retail market on Tuesday after the government allowed foreign firms to offer offshore products directly to investors.
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Amazon.com Inc said on Tuesday it will build offices for up to 25,000 people in New York City's Queens borough and in Northern Virginia, near Washington, D.C., ending a year-long bidding war for a $5 billion second headq...
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The U.S. decision to cut off a Chinese state-backed chipmaker from U.S. suppliers amid allegations the firm stole intellectual property breaks World Trade Organization rules and aims to protect a U.S. monopoly, China tol...
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European stocks are higher on Tuesday as U.S. markets rebound, though oil prices are keeping gains in check.
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Markets Right Now: Stocks open higher on Wall Street Stocks are opening higher on Wall Street following a big plunge led by technology stocks the day before.
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N.C. de novo effort closes in on initial capital goal

American Banker - 13 Nov 2018 18:08
Organizers of Community Bank of the Carolinas in Winston-Salem have raised $18 million. The group has to bring in at least $25 million.
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This woman has never been to college, rents and says this is the one chance to improve her circumstances.
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Exclusive: Welcome to Planet Oat, earthlings

Fast Company - 13 Nov 2018 14:00
Exclusive: Welcome to Planet Oat, earthlings Got oat milk? Soy milk is over. Almond milk is, like, so last year. Corn milk? Never heard of it. This year (and probably the next one unless they get pea milk to catch on) will be ruled by oat milk–and Hood is ready...
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Democrat on House banking panel wins Arizona Senate race

American Banker - 13 Nov 2018 07:39
Rep. Kyrsten Sinema, D-Ariz., crafted a moderate message and will head to the Senate after having backed legislation providing banks with regulatory relief.
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Asian stock markets plunged in early trading Tuesday following Monday's rout, led by tech stocks, on Wall Street.
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Shares in Asian suppliers and assemblers for Apple Inc fell on Tuesday due to profit warnings that point to weakness in iPhone sales.
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Homebase rated the worst for online shopping

Sky News - 13 Nov 2018 07:06
Homebase rated the worst for online shopping Homebase has been named the UK's worst online shop according to the consumer group Which?
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