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Business News

Location American Business News for 20 November 2018

Why the stock market has taken a hit lately

New York Post - 20 Nov 2018 07:03
Why the stock market has taken a hit lately The stock market got creamed again Monday, with the Dow Jones industrial average falling 395.78 points to 25,017.44. The decline comes after a couple of solid gains during trading last week. I want to remind you of somet...
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A new study claims some men can't handle working for a female manager.
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Another Way To Find Cheap ETFs

Forbes - 20 Nov 2018 18:50
Another Way To Find Cheap ETFs Cheap ETFs can be important building blocks of portfolios, but today, some of the cheapest ETFs can lead you to invest in expensive global markets. Here's a solution.
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SocGen laundered nearly $13B to Cuban terrorist groups: DOJ A major European bank laundered nearly $13 billion in transactions from Cuba and state terrorism sponsors for 10 years as part of a scheme to evade US financial sanctions, according to a $1.34 billion settlement with the...
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Asian stock markets skidded on Tuesday, extending sharp losses on Wall Street as technology firms bore the brunt of worries about slackening demand, while the dollar sagged after weak U.S. data further sapped confidence ...
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California dairies and farms collect $10 million in trade-war aid California dairies collected $10.5 million in emergency federal aid for losses caused by the trade war ignited by President Trump's tariffs on steel and other products, according to federal data. The beleaguered sector w...
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Fed's Quarles in line to lead global regulator

American Banker - 20 Nov 2018 05:08
Federal Reserve Vice Chairman for Banking Supervision Randal Quarles is expected to succeed Bank of England Governor Mark Carney as chairman of the Financial Stability Board, a key global financial regulator, according t...
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Oil prices edged up on Tuesday as markets expected producer club OPEC to agree to supply cuts at their next meeting on Dec. 6, aimed at preventing oversupply amid slowing demand growth and a surge in output from the Unit...
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By early next year, nearly 50 percent of all cellphone calls will be robocalls. Lawmakers proposed legislation to fight scammers, and companies are taking action as well. CBS News correspondent Anna Werner reports.
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Johnny Depp Is NOT Best Friends With This Lizard, Despite Report A website called Gossip Cop fact-checks gossip. Who will fact-check Gossip Cop?
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Target's push into Toys R Us territory, and investments online and in store woo shoppers Target reported that sales at stores open at least 12 months rose 3.2 percent in the last quarter,partly due to brisk sales of toys and baby items.        
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U.S. stock-index futures on Tuesday were set to extend a pre-Thanksgiving rout that has been fueled mostly by a selloff in shares of technology and internet-related companies.
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Former Toys R Us workers to get $20M in hardship fund Former Toys R Us workers to get $20M in unprecedented hardship fund
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Stock market skid intensifies, erasing 2018 gains for Dow and S&P 500 The latest wave of selling on Wall Street erased the 2018 gains for the Dow and S&P 500 early Tuesday. Heaving selling in tech sector weighs on stock market.        
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Twitter CEO Jack Dorsey accused of 'hate mongering' in India Twitter CEO Jack Dorsey has kicked up a social media storm in India after a picture of him with a placard saying "smash Brahminical patriarchy," referring to the highest Hindu caste, went viral in one of the company's fa...
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Sugar tax on soft drinks raises £154m

BBC - 20 Nov 2018 18:59
Sugar tax on soft drinks raises £154m Income from the levy, which began in April, is on track to meet the estimate of £240m for the year.
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U.S. stocks opened sharply lower on Tuesday as poor forecasts from retailers for the holiday quarter fed into a market driven lower this week by concerns about demand for iPhones.
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Builders broke ground on more homes, but applied for fewer permits to start construction in the future, more of the same sluggish pace of construction that's plagued the housing market for years.
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Lowe's to shed Mexican operations to stay competitive

New York Post - 20 Nov 2018 18:44
Lowe's to shed Mexican operations to stay competitive Lowe's said on Tuesday it was looking to shed its retail operations in Mexico and certain non-core US businesses as the country's second-biggest home improvement chain strives to compete with rivals including Home Depot....
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Carlos Ghosn arrest Puts Renault Nissan alliance in doubt Nissan has been landed with a scandal that will reverberate for months
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Japan's Nikkei fell on Tuesday morning as a drop in Nasdaq shares dragged down Japanese tech names, while Nissan Motor tumbled on news of Chairman Carlos Ghosn's arrest and dismissal.
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Asia tech stocks dive while Carlos Ghosn arrest slams Nissan, Mitsubishi Nissan lost 5.5% and Mitsubishi sank 6.9% as they prepared to sack Carlos Ghosn after it emerged he had been taken into custody as detectives looked into claims he under-reported his income for years
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