Business News
Oil pares U.S. stock-draw gains on weak demand outlook
Reuters - 24 Oct 2019 03:44
Oil prices dipped on Thursday on lingering concerns about a weak demand outlook, after surging more than 2% in the previous session on the back of a surprise draw in U.S. crude stocks.
WeWork Employee Options Underwater as Ex-CEO Reaps
Wall Street Journal - 24 Oct 2019 00:33China Soy Deal Not That Big A Deal
Forbes - 24 Oct 2019 16:27
One step forward after one step back means no real gain as China just announces a return to the U.S. ag market.
China's Property Bond Boom Clashes With Housing Market Realities
Wall Street Journal - 24 Oct 2019 09:00
China's property developers have used falling U.S. interest rates this year to issue swaths of dollar debt. Yet the state of the country's housing market--now past its prime--suggests investors would do well to steer cle...
How a Tax Break to Help the Poor Went to NBA Owner Dan Gilbert
TPM - 24 Oct 2019 20:39
This article first appeared at ProPublica. ProPublica is a Pulitzer Prize-winning investigative newsroom. Sign up for The Big Story newsletter...
U.S. trade envoy meets lawmakers on U.S.-Mexico-Canada deal as time runs short
Reuters - 24 Oct 2019 01:50
U.S. Trade Representative Robert Lighthizer met this week with Democratic lawmakers to try to resolve their concerns about the U.S.-Mexico-Canada (USMCA) trade agreement as Republicans increased pressure to get the deal ...
Retailers fret about this year's shorter holiday shopping window.
L.A. Times - 24 Oct 2019 23:33Executive to Leave Fast-Growing Hedge-Fund Start Up
Wall Street Journal - 24 Oct 2019 18:19
Peter Hornick, an executive at the largest-ever hedge fund startup, ExodusPoint Capital, is leaving after less than two years, people familiar with the matter said.
Microsoft Sees Few Clouds on Tech Horizon
Wall Street Journal - 24 Oct 2019 18:18
If there is a broad tech slowdown coming, Microsoft isn't seeing it, as was the message Microsoft sent out late Wednesday with its fiscal first-quarter results.
U.S. business investment still soft; jobless claims fall
Reuters - 24 Oct 2019 16:24
New orders for key U.S.-made capital goods fell more than expected in September and shipments also declined, a sign that business investment remains weak amid the continuing fallout from the U.S.-China trade war but othe...
After 21% Sales Plunge, Has Boeing Bottomed Out?
Forbes - 24 Oct 2019 16:20
Boeing is getting smaller and its cash is getting tighter. Will the 737 MAX really be re-certified in 2019?
Dirty money 'targeting UK prestige services'
BBC - 24 Oct 2019 16:15
The trail reaches as far as private schools and interior designers, says Transparency International.
Raytheon beats profit, raises full-year forecast on higher weapons demand
Reuters - 24 Oct 2019 12:58
U.S. weapons maker Raytheon Company reported better-than-expected third-quarter profit on Thursday and raised its full-year earnings and sales outlook, helped by higher demand for weapons including missile warning system...
Sleek, behemoth Nordstrom to open in Midtown -- defying death of department stores
New York Post - 24 Oct 2019 03:56
Who says retail is dead? On Thursday, the largest free-standing store to open in Manhattan since Dwight Eisenhower was president makes its debut. The new Nordstrom at 225 W. 57th St., between Seventh Avenue and Broadway,...
Google employees worry software tweak threatens to silence dissent
NBC News - 24 Oct 2019 03:41
The company says the change is simply an effort to improve its employee calendar system.
The RetroBeat: Digital Eclipse revisits (and maybe improves) Aladdin for Genesis
Venture Beat - 24 Oct 2019 23:45
I love retro video games (hence this column’s existence). I also love Disney. Yes, I’m one of those folks, the person who would karaoke a song from Moana at the bar. That guy who spends 75% of his vacations at Disney...
Hasbro closes Backflip, studio behind DragonVale and Transformers mobile games
Venture Beat - 24 Oct 2019 23:15
Hasbro has shut down its Backflip Studios (maker of DragonVale) mobile game business in Boulder, Colorado, according to social media posts.
Researchers Find Racial Bias in Hospital Algorithm
Wall Street Journal - 24 Oct 2019 23:14American, Spirit eye more Mobile deliveries to avoid Airbus tariffs
Reuters - 24 Oct 2019 22:20
American Airlines Group and Spirit Airlines executives said on Thursday they were working with Airbus SE to mitigate the impact of U.S. tariffs on European-made aircraft, including having more planes delivered from Mobil...
Strong data center rebound drives Intel's Q3 revenues to $19.2 billion
Venture Beat - 24 Oct 2019 22:10
Intel hit earnings and revenues guidance for the third quarter ended September 30, thanks to strong data center revenue during the period.
Amazon reports $70.0 billion in Q3 2019 revenue: AWS up 35%, subscriptions up 34%, and 'other' up 44%
Venture Beat - 24 Oct 2019 22:07
Amazon today reported fiscal Q3 2019 earnings, including revenue of $70.0 billion, net income of $2.1 billion, and earnings per share of $4.23.
The Problem of Political Advertising on Social Media
The New Yorker - 24 Oct 2019 20:48
Sue Halpern on the Facebook C.E.O. Mark Zuckerberg's evasion of responsibility for the false information disseminated in political ads on the platform, and the ambiguity of election laws about social media.