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Business News

Location American Business News for 24 December 2018
The most famous picture of Earth ever taken turns 50 today -- here's the fascinating story behind it NASA "Earthrise" is the first image of Earth captured by humans from space. The photo of Earth was taken aboard Apollo 8 on December 24, 1968, by lunar module pilot Bill Anders. The image made people aware of Earth's fra...
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Asian stocks were mostly lower with light trading on Monday as a Wall Street slump and a partial U.S. government shutdown stemmed holiday cheer.
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China imports zero U.S. soybeans in November

NBC News - 24 Dec 2018 16:20
China imports zero U.S. soybeans in November China has leaned on Brazilian imports to replace soybeans from the U.S.
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Mnuchin held calls with bank CEOs to discuss market turmoil The Treasury secretary tried to shore up confidence in the U.S. financial system.
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U.S. Treasury Secretary Steven Mnuchin called the CEOs of six major banks Sunday in an apparent attempt to reassure jittery financial markets coming off a turbulent week in the stock …
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Gold futures markets try for fresh six-month highs Monday as bullion marks early gains, underpinned by a weaker dollar.
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Wall Street was set to open lower in a shortened session on Monday, with investors digesting a slew of news from White House over the weekend amid the benchmark S&P 500's worst December since the Great Depression.
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Concord Police officers have been surprising shoppers as they seek to spend a generous anonymous donation. The Concord Monitor reports that the police department got $50,000 a few weeks ago …
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Dow, stocks poised for lower open Christmas Eve after weekend of Washington, D.C., turmoil Stock futures were slightly lower ahead of the market open as investors contend with a rash of Washington drama over the weekend.        
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Implied iShares Russell 1000 Value ETF Analyst Target Price: $139 For the iShares Russell 1000 Value ETF, we found that the implied analyst target price for the ETF based upon its underlying holdings is $138.65 per unit.
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Oil falls in line with stricken stock markets

Reuters - 24 Dec 2018 15:52
Oil fell on Monday, in line with another decline across global stock markets, which came under pressure from concern about a U.S. government shutdown and a worsening world economy.
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Why Ohio bitcoin tax gimmick is like paying with Beanie Babies Will more states follow Ohio in accepting bitcoin for tax payments? Doubtful, given that no one knows what bitcoin will be worth tomorrow.        
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Norwegian Air shores up its balance sheet

Reuters - 24 Dec 2018 15:01
Norwegian Air announced a $230 million cost savings program on Monday along with steps including the refinancing of one Boeing 787 Dreamliner that the budget airline said would generate more than $30 million in liquidity...
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California Inc.: Pot shops do big business, but where to put all that cash? Welcome to California Inc., the weekly newsletter of the L.A. Times Business Section. I'm Business columnist David Lazarus, and here's a rundown of upcoming stories this week and the highlights of last week. The presiden...
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These young entrepreneurs are dreaming big this Christmas With the rise of selling platforms like Shopify, Amazon and Etsy, young entrepreneurs are getting an early start at making their mark. Take Zandra Cunningham, of Buffalo, NY, who at age 9 created Zandra Beauty, an all-na...
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Tweed New Haven Airport in Connecticut has added a new direct flight to North Carolina. American Airlines launched the flight from New Haven to Charlotte, North Carolina Saturday. The flight …
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Oil prices rose more than 1 percent on Monday on signs that the recent price plunge may start crimping supply from the U.S., currently the world's biggest oil producer, though concerns about global economy continues to w...
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Asian stocks were mostly lower with light trading on Monday as a Wall Street slump and a partial U.S. government shutdown stemmed holiday cheer. KEEPING SCORE: South Korea's Kospi dropped …
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White House advisers say President Donald Trump doesn't have the authority to remove Federal Reserve Chairman Jerome Powell for raising interest rates, aiming to quell speculation that Trump's anger over monetary policy ...
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Retailers Wrapping Up Holidays With Cheer

Wall Street Journal - 24 Dec 2018 04:52
Retailers Wrapping Up Holidays With Cheer Stores have met the lofty sales expectations set by analysts, showing that many chains continue to reap the benefits of a strong U.S. economy and rising consumer confidence. Delivery companies have also held up so far du...
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Asian stocks were subdued on Monday as investors fretted that political instability in the United States was leaving the country rudderless at a time when the global economy was showing signs of faltering.
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OPEC, allies will hold extra meeting if output cuts 'not enough' OPEC and allied oil producers are ready to hold an extraordinary meeting and will do what is needed if the current cut in oil output by 1.2 million bpd does not balance the market next year
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