Business News
Wall Street opens higher on trade truce hopes; Powell speech eyed
Reuters - 28 Nov 2018 17:01
U.S. stocks opened higher on Wednesday on hopes of a trade truce between the United States and China at the G20 Summit, and as investors looked forward to Fed Chairman Jerome Powell's speech for clues on the path of inte...
Discovery eyeing multiyear streaming deal with Tiger Woods
New York Post - 28 Nov 2018 04:59
Despite a history of scandals and a comeback that's riding on a single PGA win, Tiger Woods is ready for his second close-up. At least, that's what Discovery is hoping after entering into a multiyear, non-US partnership ...
Oil prices rise ahead of OPEC meeting, but sentiment still cautious
livemint.com - 28 Nov 2018 04:13Trump retweets item saying GM should pay back bailout money
Reuters - 28 Nov 2018 17:04
President Donald Trump on Wednesday retweeted a suggestion that General Motors Co should pay back the money the government spent to keep it afloat as part of the auto industry bailout if it doesn't keep jobs in the count...
Car market collapse outruns GM moves to keep up
Reuters - 28 Nov 2018 17:04
General Motors Co's monumental announcement on Monday that it will close three car assembly plants in North America and slash its workforce will only partially close the gap between capacity and demand for the automaker'...
Ex-student loan official who resigned from CFPB in protest launches new watchdog group
Market Watch - 28 Nov 2018 17:01
The new group will help highlight the extent to which student debt affects borrowers from many different walks of life.
Metals Stocks: Gold inches lower ahead of Powell's interest-rate insight
Market Watch - 28 Nov 2018 17:01
Gold prices inch lower Wednesday, with the metals and most financial markets awaiting more insight on Federal Reserve thinking. This time the interest-rate update comes from top policy maker Jerome Powell.
The Fed: Fed flags concerns over corporate debt in first-ever financial stability report
Market Watch - 28 Nov 2018 17:00
The Federal Reserve used its first-ever financial stability report to warn primarily of the dangers lurking in corporate debt, as it made the case that the banks it regulates are strongly capitalized.
Daimler to start making electric cars in China in 2019
Reuters - 28 Nov 2018 16:49
Daimler will start building electric cars in China next year as a way to meet Beijing's stringent anti-pollution quotas for carmakers, even as demand for conventional models like the Mercedes-Benz Maybach remains strong.
Cryptos: Bitcoin regains $4,000, on track for best day in 4 months
Market Watch - 28 Nov 2018 16:43
Cryptocurrencies have jumped out of the blocks on Wednesday, looking to claw back some recent losses.
London Markets: London markets struggle ahead of Brexit banking stress test
Market Watch - 28 Nov 2018 16:40
Bank stress tests are in the spotlight for London shares.
Head of Deutsche Bank's US operations expected to exit
New York Post - 28 Nov 2018 16:29
Deutsche Bank's head of the Americas, Tom Patrick, is likely to leave the bank, possibly by the end of the year, two people with knowledge of the matter said on Wednesday. The change comes as Germany's largest lender res...
China's growth slows, as does tourist spending at Tiffany's
ABC News - 28 Nov 2018 16:23
China's slowing economic growth takes some shine off sales at Tiffany & Co.
Ex-Smallbone CEO scrambles to seal rescue bid
Sky News - 28 Nov 2018 16:07
The former chief executive of Smallbone of Devizes' parent company is scrambling to seal a rescue of the upmarket kitchen and furniture designer three months after being ousted from the company.
Siemens CEO received pay rise in 2018: annual report
Reuters - 28 Nov 2018 16:01
Siemens paid its chief executive Joe Kaeser a total of 7.82 million euros ($8.82 million) during its 2018 financial year, the German engineering company said in its annual report on Wednesday, up from 7.65 million euros ...
Asia Markets: Asian markets rise in cautious trading
Market Watch - 28 Nov 2018 05:32
Asian stock markets were cautious but mostly in the green in early trading Wednesday as investors held out hope that a weekend meeting between the U.S. and Chinese leaders can ease trade tensions.
Thousands remain without power after Sunday snowstorm
Miami Herald - 28 Nov 2018 04:39
Officials of Commonwealth Edison say the utility is adding more crews in its effort to restore power to thousands of customers left without power following Sunday's snow storm. About 16,000 …
US charges 8 in online advertising fraud scheme
Miami Herald - 28 Nov 2018 04:18
The U.S. Justice Department charged eight people Tuesday in connection with the takedown of two international cybercriminal rings that cost advertisers tens of millions of dollars. "As alleged in court …
Asian shares tentative ahead of Trump-Xi meeting, Fed speech
Reuters - 28 Nov 2018 04:13
Asian shares dithered on Wednesday and the dollar jumped to a near 1-1/2-year top as risk assets rowed back amid conflicting signals on prospects for de-escalating the Sino-U.S. trade dispute.
CVS plans changes to stores after Aetna deal
USA Today - 28 Nov 2018 23:42
CVS Health plans to reduce the amount of store space devoted to retail and shift more to health care after its $70 billion acquisition of Aetna.
Soft on Crime
TPM - 28 Nov 2018 22:49
It’s easy to lose track of President Trump’s various instances of criminal behavior. Because there’s so much of it. But...
Hiring 3.8% Higher than October 2017 but Leveling, LinkedIn Reports
Small Business Trends - 28 Nov 2018 20:30
The October 2018 LinkedIn Workforce Report shows an increase of 3.8% in hiring but many cities across the US are need of skilled workers.