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Business News

Location American Business News for 28 December 2018
Sears faces liquidation if Lampert can't secure financing The clock is ticking for Sears -- and later this week, it's at risk of running down for good. Bids to acquire the bankrupt retailer are due in US Bankruptcy Court on Friday at 4 p.m. -- and the only buyer who has express...
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'Fortnite' creator raked in a $3B profit in 2018

New York Post - 28 Dec 2018 05:04
'Fortnite' creator raked in a $3B profit in 2018 The hottest -- and according to some critics the most addictive -- video game in the world is raking in billions. "Fortnite" -- a battle royale that pits players against each other in a "Hunger Games"-style fight to the ...
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Will 2019 bring long-awaited GSE reform?

American Banker - 28 Dec 2018 04:07
After 10 years of conservatorship, the new year could finally usher in big steps toward housing finance reform.
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U.S. stocks opened higher on Friday in broad-based gains, with technology stocks providing the biggest boost as the market rallied for the third day.
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Five Trends That Defined The year 2018 is coming to a close. Love it or hate it, 2018 will likely go down as another year when we said goodbye to a few age-old brands and retailers while simultaneously welcoming the emergence of new brands shape...
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Oil prices fell on Friday, shedding early gains on profit-taking ahead of the New Year holiday as global crude benchmarks moved back toward their lowest levels in more than a year.
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Get Ready, Retailers: Cannabis Sales Could Grow Like A Weed

Retail Touch Points - 28 Dec 2018 16:00
Get Ready, Retailers: Cannabis Sales Could Grow Like A Weed Cannabis retailing is poised to be a major industry sector: a majority (56%) of U.S. consumers would try cannabis if it were legal, according to a survey by A.T. Kearney. With cannabis already available for medical use i...
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JCPenney becomes penny stock after shares dip to 97 cents JCPenney just became a penny stock. Shares of the ailing department store chain crashed on Thursday, dipping as low as 92 cents before closing down 7.5 percent, at 97 cents -- the first time they've ever closed below a d...
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WATCH: Dow plunges more than 600 points

ABC News - 28 Dec 2018 03:07
WATCH: Dow plunges more than 600 points One day after its biggest point gain, the Dow plunged more than 600 points before rebounding at the end of the day to close up 260 points.
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U.S. stocks roared back to end in positive territory on Thursday following steep losses for much of the session, as equities rebounded for a second day.
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Amazon Sees in Brazil Continent-Size Profits and Problems

The New York Times - 28 Dec 2018 01:22
Amazon Sees in Brazil Continent-Size Profits and Problems The retail behemoth is laying the groundwork to penetrate Brazil's huge consumer market, analysts say. Success won't come easy.
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Why banks shouldn't make online banking too easy

American Banker - 28 Dec 2018 01:08
Rushing to copy the Amazon experience, banks and fintechs are focused on simplifying financial services online. A Georgia Tech researcher says that approach is risky.
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Late-Day Surge Prevents Stocks From Entering Bear Market Territory (Bloomberg) — Volatility returned to U.S. markets, with stocks roaring back from the lows of the day to close higher after flirting with a bear market. Treasuries rose and oil slipped below $46 a barrel. The S&P 500 an...
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Your Cash Is No Good Here. Literally.

Wall Street Journal - 28 Dec 2018 21:39
Your Cash Is No Good Here. Literally. As more retailers--including Drybar and Sweetgreen--ban paper money, it's making things awkward for customers without plastic.
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Markets Right Now: US stocks open with modest gains Stocks are opening higher Friday as U.S. markets try to maintain the momentum from a late-day rally on Thursday
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European markets were positive on Friday, boosted by banks and oil majors. The German stock index, on its final day of trading, was looking at the worst annual return since 2008.
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Germany on Friday cleared away legal hurdles for carmakers to upgrade exhaust emissions filtering systems on older diesel cars as a way to avoid vehicle bans, but failed to quell doubts among manufacturers and suppliers ...
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In 2019, European Populism Will Assert More Power The European elections in May 2019 will see a surge in support for Europe's populist parties. It will see that start of a period of political paralysis.
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World stocks rose to one-week highs on Friday and looked set to snap a three-week losing streak after a late-session bounce overnight on Wall Street filtered into Asian and European markets.
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A bear market still lurks despite this week's stock rally on the Dow Stock market volatility and Dow Jones industrial average swings: Is Wall Street’s nearly 10-year-old bull market over?        
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Four Entrepreneurial Methods To Run A Completely Remote Company Practice these unique communication methods for remote management.
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Tesla is naming Oracle's Larry Ellison and an executive from Walgreens to its board as part of a settlement with U.S. regulators who demanded more oversight of CEO Elon Musk. …
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