Business News - The Last 24 Hours

India an open economy, PM Narendra Modi to tell World Economic Forum
Indiatimes - 28 min 7 sec ago
“It will be a 24-hour visit but a very focused one,” said MEA secretary Vijay Gokhale at an official briefing in New Delhi on Friday.
RELATED:
Indiatimes - How India can compete with a changing global economy - 9 hours 28 min ago



Trump Tweets Effort to Keep Government Open Is ‘Not Looking Good’
Bloomberg - 52 min 33 sec ago
Washington (AP) -- Trump tweets as shutdown nears: Effort to keep government open is "Not looking good," blames Democrats.
RELATED:
CNBC - Trump's market cheerleading tweets could end up fueling a bubble - 11 hours 56 min ago
COMMENTARY:
LA Times - Trump tweet casts doubt on likelihood of averting shutdown - 57 min 12 sec ago
BusinessInsider - Here are the dramatic tweets and policies Tillerson and Mattis reportedly had to hold Trump back from - 17 hours 20 min ago



View: Hardselling India, changing Davos
Indiatimes - 1 hour 28 min ago
Modi will be pulling out all stops to project India as a leading power at this elite platform where global CEOs, politicians and thinkers interact, bargain and shape opinion.
RELATED:
Bloomberg - Trump Can Go to Davos If Government Shuts Down, Officials Say - 3 hours 15 min ago
Indiatimes - World wants to hear directly from horse's mouth: PM Narendra Modi on Davos - 10 hours 28 min ago
COMMENTARY:
BusinessInsider - Theresa May and Donald Trump will meet for talks at Davos next week - 5 hours 52 min ago
The Guardian - Davos speakers: from Donald Trump to Malala Yousafzai - 11 hours 50 min ago
SCMP - HNA’s chief executive to skip 2018 Davos meeting amid staff memo urging for austerity - 20 hours 37 min ago



Possible Buffett heir Abel has small Berkshire stake, likely to grow
Reuters - 2 hours 2 min ago
(Reuters) - Greg Abel, considered by many investors the top contender to succeed Warren Buffett as Berkshire Hathaway Inc's chief executive officer, on Friday reported owning about $2.1 million of the conglomerate's stock.
RELATED:
Indiatimes - Possible Warren Buffett successor Ajit Jain reports $109 million Berkshire stake - 22 hours 58 min ago



Carillion: The signals that the company was going bust
BBC - 2 hours 56 min ago
Why did the City start to bet against construction giant Carillion before it went bust?
RELATED:
Reuters - Road to ruin? Carillion collapse puts spotlight on UK outsourcing model - 13 hours 7 min ago
BBC - Carillion plan dubbed 'sticking plaster' - 15 hours 34 min ago
COMMENTARY:
The Guardian - Frank Field demands answers over 'reckless' running of Carillion - 8 hours 26 min ago
VIDEO:
Reuters Video - Britain's banks to support firms hit by Carillion - 11 hours 52 min ago



Google CEO Sundar Pichai said he doesn't regret firing James Damore
CNBC - 3 hours 20 min ago
Google CEO Sundar Pichai said that he doesn't regret firing James Damore, whose controversial memo leaked last year.
RELATED:
Indiatimes - Worst in terms of revenue erosion behind us: Airtel CEO Gopal Vittal - 8 hours 28 min ago
CNBC - Google CEO: You don't need to code to be successful at many jobs of the future—but you'll need this - 9 hours 53 min ago
COMMENTARY:
TechCrunch - Google CEO: “I don’t regret” firing James Damore - 4 hours 13 min ago
BusinessInsider - Google CEO: We didn't fire the diversity memo writer for political reasons - 4 hours 42 min ago
Washington Post - Why Companies Fear Disclosing CEO-to-Workers Pay: QuickTake Q&A - 21 hours 28 min ago
VIDEO:
CNBC Video - Twitter CEO says Trump's Twitter use has broadened awareness for the platform - 10 hours 34 min ago



‘People are underestimating the impact of the tax reform’ says Ken Moelis, Wall Street veteran
CNBC - 3 hours 20 min ago
"People are underestimating the impact of the tax reform," says Ken Moelis, Wall Street veteran.
RELATED:
Reuters - Wall Street ends higher despite government shutdown threat - 6 hours 1 min ago
CNBC - US stocks will likely run higher for another 11 years, Wall Street's Tom Lee says - 8 hours 17 min ago
COMMENTARY:
BusinessInsider - What you need to know on Wall Street today - 9 hours 23 min ago
Fox Business - Wall Street opens higher as investors shrug off shutdown fears - 12 hours 47 min ago
Washington Post - The Finance 202: Wall Street shrugs as Washington careens toward a shutdown - 13 hours 27 min ago
VIDEO:
Reuters Video - Wall Street cuts bonuses - 4 hours 19 min ago
CNBC Video - Top Wall Street strategist says 2029 is the peak of this market cycle - 8 hours 49 min ago



Cramer Remix: My advice for Lloyd Blankfein on cryptocurrencies
CNBC - 3 hours 29 min ago
Jim Cramer revealed why cryptocurrency could be key for Goldman Sachs.
RELATED:
Indiatimes - Tax notices slapped on cryptocurrency investors as trading hits $3.5 billion - 14 hours 28 min ago
CNBC - SEC says it's worried about 'significant' issues with cryptocurrency ETF plans - 23 hours 45 min ago
COMMENTARY:
BusinessInsider - Regulators are going through cryptocurrency projects with a 'fine tooth comb' - 5 hours 41 min ago
Fox Business - It's Been a Wild Week for Cryptocurrencies -- Have They Finally Stabilized? - 7 hours 59 min ago
NY Post - Feds sue three cryptocurrency operators for fraud - 10 hours 5 min ago
TechCrunch - SEC cools traders’ hot plans for cryptocurrency-based exchange traded funds - 21 hours 31 min ago
SCMP - PBOC orders banks to halt banking services for cryptocurrency trading - 23 hours 18 min ago
VIDEO:
CNBC Video - Cryptocurrency investors brace for regulation crackdown - 9 hours 8 min ago



ADM pursues big ag merger with grain trader Bunge: WSJ
Reuters - 3 hours 36 min ago
CHICAGO/CALGARY, Alberta (Reuters) - Top U.S. grains merchant Archer Daniels Midland Co has proposed a takeover of Bunge Ltd , the Wall Street Journal reported on Friday, a move that could set up a battle for Bunge with London-based rival Glencore Plc .
RELATED:
Indiatimes - SC no to RS MP's plea seeking merger of voter ID with Aadhaar - 11 hours 58 min ago
COMMENTARY:
BusinessInsider - BANK OF AMERICA: Tax cuts could lead to record mega-mergers - 10 hours 6 min ago
Zacks - Wyndham Worldwide (WYN) Inks Merger Agreement With La Quinta - 12 hours 46 min ago
VIDEO:
CNBC Video - Moelis & Company: Tax reform will fuel merger activity - 5 hours 56 min ago



Earnings dominate the week ahead, but interest rates could be a big deal after bond market crushing
CNBC - 3 hours 41 min ago
Earnings news could help boost stocks in the coming week, but a bigger story may be the move higher in bond yields.
RELATED:
Bloomberg - Morneau Was Reassured About Higher Canadian Rates Last Summer - 17 hours 28 min ago
COMMENTARY:
Zacks - Canada ETFs in Focus on Rate Hike - 4 hours 55 min ago



Facebook to rank news outlets by trustworthiness
CNN - 4 hours 2 min ago
Facebook wants to make sure its users aren't duped by stories from untrustworthy news publications. So it's asking users which news publications they trust.
RELATED:
Bloomberg - Facebook Trustworthiness Ratings Boost ‘Fake News Award’ Winner - 4 hours 24 min ago
New York Times - Facebook to Let Users Rank Credibility of News - 4 hours 31 min ago
CNBC - Facebook's News Feed will now have users decide 'high quality' news through surveys - 6 hours 7 min ago
COMMENTARY:
The Intercept - Facebook Will Trust Its Untrustworthy Users to Rank the Trustworthiness of News - 4 hours 6 min ago
Zero Hedge - Facebook To Start Ranking News Sources, Promote Only The "Most Trustworthy" - 5 hours 22 min ago
Washington Post - Facebook will now ask users to rank news organizations they trust - 5 hours 27 min ago
TechCrunch - Facebook’s latest News Feed update will prioritize trustworthy publishers - 5 hours 45 min ago
BusinessInsider - Facebook is asking users to pick which news outlets are 'trustworthy' — and will demote the losers in your feed (FB) - 6 hours 21 min ago
The Guardian - Facebook hires Eurosport chief for multibillion live push - 10 hours 39 min ago
Fox Business - Wall Street Is Clueless on Facebook - 11 hours 17 min ago
Zacks - Facebook (FB) Launches WhatsApp Business in Select Countries - 12 hours 33 min ago
24/7 Wall St. - Facebook Adds Amex’s Chenault as First Black Board Member - 16 hours 2 min ago
VIDEO:
CNBC Video - Facebook to rank news based on sources' trustworthiness - 6 hours 13 min ago



Cramer: The Amazon Prime rate bump is a clarion call to buy the stock
CNBC - 4 hours 9 min ago
Jim Cramer explained why buying shares of Amazon when it raises subscription rates is a winning strategy.
RELATED:
CNBC - Amazon just hired a top Seattle doctor from Iora to add to its health group: Sources - 5 hours 14 min ago
BBC - Amazon raises monthly Prime price in US - 9 hours 5 min ago
CNN - Amazon's HQ2: Experts reveal their predictions - 9 hours 41 min ago
New York Times - A Maine Racetrack Didn’t Lure Amazon. Multiply That Disappointment by 218. - 17 hours 27 min ago
COMMENTARY:
Fox Business - 3 Stocks That Could Put Amazon's Returns to Shame - 2 hours 7 min ago
LA Times - Cities should respond to Amazon's squeeze play by saying no to subsidies - 6 hours 58 min ago
BusinessInsider - Amazon has a 'budget-friendly' Prime option for low-income customers — but it's actually a trap (AMZN) - 8 hours 47 min ago
TechCrunch - Amazon brings voice control to its Alexa app for Android, with iOS coming soon - 9 hours 26 min ago
NY Post - Amazon hikes price for its Prime service - 11 hours 35 min ago
The Guardian - Amazon's next top headquarters: US cities strut their stuff as firm seeks second home - 17 hours 27 min ago
VIDEO:
CNBC Video - Cramer: Why Amazon's latest move is a sign to buy the stock - 3 hours 32 min ago



Google Executives Pledge to Scour More Content Ahead of Midterm Elections
Bloomberg - 4 hours 12 min ago
The chief executive officers of Alphabet Inc.’s Google and YouTube pledged to more closely scour videos and other content for misleading news and inappropriate messages on their web services ahead of midterm elections in the U.S later this year.
RELATED:
CNBC - Square shares pop after analyst says its similar to 'Amazon or Google in their early days' - 14 hours 3 min ago
Deutsche Welle - Google and Tencent forge new tech partnership - 18 hours 17 min ago
Indiatimes - Google announces patent agreement with Tencent amid China push - 21 hours 28 min ago
COMMENTARY:
BusinessInsider - Square is like 'Amazon or Google in their early days' (SQ) - 10 hours 33 min ago
Zero Hedge - The Revolt Begins? Apple, Google Charter Buses Attacked In San Francisco - 10 hours 37 min ago
Zacks - Alphabet's Google Signs Patent Licensing Deal With Tencent - 11 hours 50 min ago
TechCrunch - Google inks patent deal with Tencent - 21 hours 30 min ago
VIDEO:
Reuters Video - Google teams up with China's Tencent - 4 hours 2 min ago



Cramer's game plan: Watch individual stocks amid the earnings deluge
CNBC - 4 hours 17 min ago
Jim Cramer advised investors on stocks to watch as earnings season begins in earnest.
RELATED:
Reuters - Venezuela's woes poised to hit U.S. oilfield service firms' earnings - 4 hours 25 min ago
CNBC - New GOP tax law will boost corporate earnings at least 10%, says Merrill Lynch wealth manager - 12 hours 5 min ago
COMMENTARY:
Fox Business - Twitter, Inc. Earnings: Can It Return to Growth? - 4 hours 22 min ago
Zacks - Q4 Earnings Season: Strong Growth, But Weak Quality - 4 hours 54 min ago
24/7 Wall St. - Why Schlumberger Q4 Earnings Disappointed Investors - 14 hours 17 min ago
VIDEO:
CNBC Video - Cramer's lightning round: Buy Cisco before its quarterly earnings report - 3 hours 15 min ago



Time Warner Merger Trial Might Be Delayed by Government Shutdown
Bloomberg - 5 hours 7 min ago
A U.S. government shutdown might put the brakes on the Justice Department’s effort to block AT&T Inc.’s proposed takeover of Time Warner Inc. But a judge overseeing the case says he hopes it doesn’t come to that.
RELATED:
Reuters - Judge overseeing AT&T, Time Warner merger trial hears document dispute - 5 hours 29 min ago



GE shares stumble to worst week since financial crisis
Reuters - 6 hours 29 sec ago
NEW YORK (Reuters) - General Electric shares tumbled for a fifth straight session on Friday, sending the stock to its biggest weekly percentage drop since the financial crisis, after the company flagged a possible breakup and more than $11 billion in charges earlier in the week.
RELATED:
CNN - This was GE's worst week since the Great Recession - 6 hours 40 min ago
CNBC - Strategists Tom Lee and Mike Wilson talk stocks, market outlook, and slumping GE shares - 10 hours 28 min ago
COMMENTARY:
Zacks - Amazon HQ2 Shortlist, GE's Big Changes, & Bitcoin's Wild Week - 9 hours 38 min ago
VIDEO:
CNBC Video - GE stock down more than 13% - 12 hours 1 min ago



Fed's Quarles details steps to ease rules from Volcker to stress tests
Reuters - 6 hours 24 min ago
WASHINGTON (Reuters) - A top bank regulator at the U.S. Federal Reserve is planning several imminent changes that Wall Street has wanted involving capital rules, proprietary trading and a process known as "living wills" that aims to prevent taxpayer bailouts.
RELATED:
Bloomberg - Fed Working on Proposal to Ease Up on Bank Leverage Limits - 18 hours 28 min ago
VIDEO:
CNBC Video - Fed Gov. Randal Quarles: Fed should step back and assess financial regulations - 9 hours 16 min ago



Overstock mixed up bitcoin and bitcoin cash, letting customers buy items at a steep discount
CNBC - 6 hours 42 min ago
Oops.
RELATED:
CNBC - Prominent crypto critic calls bitcoin a ‘bubble’ and says go to Vegas if you want to gamble - 7 hours 8 min ago
CNN - Two bitcoin traders charged with fraud - 7 hours 55 min ago
COMMENTARY:
Zero Hedge - This Is How Chinese Bitcoin Buyers Are Getting Around The Government Ban - 2 hours 8 min ago
Naked Capitalism - Does Bitcoin Have a Future? - 17 hours 2 min ago
BusinessInsider - Fintech could be bigger than ATMs, PayPal, and Bitcoin combined - 18 hours 21 min ago
Washington Post - Forget About Bitcoin. Cash Is TSMC’s Real Future: Gadfly - 20 hours 28 min ago
VIDEO:
CNBC Video - This is what happens after a bitcoin crash - 3 hours 5 min ago



Street Scene: Why Private Equity Isn’t Cheering the Tax Overhaul
New York Times - 7 hours 19 min ago
The tax overhaul could force private equity firms to change the way they do deals for the first time since the industry got revved up in the 1980s.
RELATED:
Indiatimes - Assam dolls up sops, announces reimbursement in tax to eligible industrial units in the GST Regime - 12 hours 28 min ago
COMMENTARY:
Zero Hedge - Tax Reform And Trump's Chinese Trade Deficit Conundrum - 1 hour 48 min ago
Fox Business - The Tax Bill Hits Atlassian's Bottom Line - 2 hours 26 min ago
Morningstar - 4 Strategies for an Organized Tax Season - 16 hours 28 min ago
Kiplinger - Tax Breaks You Won't Believe Are Real - 22 hours 28 min ago
VIDEO:
CNBC Video - Tax reform and one other thing gave Trump a first year market rally - 14 hours 28 min ago



S&P lifted by consumer stocks, IBM weighs on Dow
Reuters - 9 hours 12 min ago
(Reuters) - The S&P 500 and the Nasdaq edged higher on Friday following positive brokerage recommendations on a bunch of consumer names, but the Dow was reined in by losses in IBM.
RELATED:
CNN - Shutdown looms; IBM drops; Schlumberger earnings - 17 hours 15 min ago
COMMENTARY:
Zacks - Play IBM Revenue Growth After 23 Quarters With These ETFs - 9 hours 39 min ago
24/7 Wall St. - What Analysts Are Saying About IBM After Earnings - 11 hours 7 min ago
BusinessInsider - IBM slides despite reporting its first profit growth in almost 6 years (IBM) - 13 hours 19 min ago
VIDEO:
CNBC Video - Jim Cramer: IBM is a work in progress and an inexpensive story - 13 hours 23 min ago



Netflix shares to surge on big international subscriber gains, analyst predicts
CNBC - 10 hours 36 min ago
KeyBanc Capital Markets reiterates its overweight rating for Netflix shares.
RELATED:
CNBC - The bull case for Netflix ahead of earnings - 15 hours 22 min ago
COMMENTARY:
BusinessInsider - 8 filming locations from Netflix's 'The Crown' you can actually visit in real life - 10 hours 4 min ago
Zacks - Will Netflix's Domestic Subscriber Base Drive Q4 Earnings? - 11 hours 55 min ago
24/7 Wall St. - Top Analyst Upgrades and Downgrades: Altria, Amex, Apple, Chipotle, IBM, Netflix, Nike, Sirius XM, Switch and More - 13 hours 14 min ago
Fox Business - 3 Growth Stocks That Could Put Netflix's Returns to Shame - 16 hours 18 min ago
VIDEO:
CNBC Video - A Netflix and chill trade: Netflix earnings on tap - 4 hours 26 min ago



Gains in consumer stocks prop up S&P, Nasdaq
Reuters - 10 hours 47 min ago
(Reuters) - The S&P 500 and the Nasdaq were prodded higher by gains in consumer stocks, while investors played down fears of a looming U.S. government shutdown.
RELATED:
CNBC - Consumer sentiment falls in January, while tax reform viewed with optimism - 12 hours 28 min ago
BBC - Fishermen's app: 'We can go direct to the consumer' - 16 hours 10 min ago
COMMENTARY:
Zacks - Consumer Staples ETF Investing Guide - 4 hours 26 min ago
BusinessInsider - THE DIGITAL COMMERCE AND GEN Z REPORT: How retailers and brands can reach and appeal to the next generation of consumers - 10 hours 23 min ago
LA Times - In bizarre reversal under Trump, consumer agency reveals moves to protect payday lenders - 14 hours 12 min ago
SCMP - Want to get consumers to buy into your brand? Digital is the way forward - 15 hours 46 min ago
VIDEO:
CNBC Video - After consumer discretionary jumps 15% - 8 hours 56 min ago
Reuters Video - December retail slide caps off tough year for UK consumers - 13 hours 14 min ago



Pivotal Nafta Talks to Start Early, Be Longest Round Yet
Bloomberg - 11 hours 27 min ago
The Nafta talks that are set to begin in Montreal will start on Jan. 21, two days earlier than planned and last for nine days as teams from the U.S., Canada and Mexico push to deliver results for a cabinet ministers’ meeting on the final day, according to two people familiar with the plans.
RELATED:
Reuters - NAFTA talks seen ending happily, despite growls from Trump - 13 hours 41 min ago
Bloomberg - Trump Administraton Losing Patience Over Nafta Talks - 18 hours 28 min ago



China to enshrine Xi's name in state constitution
Indiatimes - 12 hours 28 min ago
The architect of China's economic reforms, Deng Xiaoping, is the only other leader whose name appears alongside his guiding principle in both the state and party constitutions.
RELATED:
Indiatimes - The big news from China? Its widely predicted implosion didn't happen - 17 hours 28 min ago
COMMENTARY:
BusinessInsider - China needs the world more than ever right now. Don't tell Donald Trump. - 16 hours 28 min ago
SCMP - China getting more economic bang for its buck from cash lent to firms - 23 hours 24 min ago
VIDEO:
CNBC Video - China expert: Investors should focus on China’s consumer story - 7 hours 54 min ago



May's Brexit Law Faces Toughest Test as Labour Plans Re-Writes
Bloomberg - 16 hours 40 min ago
Prime Minister Theresa May’s key Brexit law is about to face its toughest battle in Parliament, as the main opposition Labour Party vows to re-write the legislation in the weeks ahead.
RELATED:
Bloomberg - Brexit Bulletin: The Lady’s Not for Telling - 19 hours 52 min ago
COMMENTARY:
BusinessInsider - Zimbabwe's new president said Brexit is a 'good thing because they will need us' - 13 hours 56 min ago
Washington Post - In Brexit Britain, at Least Death Is Getting Cheaper: Gadfly - 15 hours 27 min ago
The Guardian - Europe must wake up to the drastic consequences of a hard Brexit | Joris Luyendijk - 16 hours 27 min ago
VIDEO:
CNBC Video - Sterling hits post-Brexit high versus the US dollar - 18 hours 25 min ago



Merkel to Give European Speech at Davos in Sign of German Return
Bloomberg - 16 hours 46 min ago
German Chancellor Angela Merkel will attend the annual World Economic Forum in Davos, returning to the world stage after months of political stalemate at home.
RELATED:
Bloomberg - Germany's Stability at Stake in Vote on Merkel Coalition Talks - 23 hours 28 min ago
COMMENTARY:
Fox Business - Germany's Merkel to address Davos forum next Wednesday - 16 hours 32 min ago



HSBC to pay over $100 million for cheating clients
CNN - 17 hours 19 min ago
Europe's biggest bank is coughing up cash yet again over its past misdeeds.
RELATED:
BBC - HSBC to pay $101.5m to settle currency rigging probe - 23 hours 31 min ago
COMMENTARY:
Fox Business - HSBC to Pay $101.5 million to resolve federal fraud charges - 17 hours 58 min ago



American Express posts $1.2 billion loss due to new tax law
Indiatimes - 21 hours 58 min ago
Credit card company American Express posted a $1.2 billion loss in its latest quarter after booking large one-time charges related to the new tax law.
VIDEO:
CNBC Video - IBM shares sink despite snapping 22 quarters of revenue losses - 4 hours 25 min ago



South Korean group files complaint against Apple CEO over iPhone slowdown
CNBC - 22 hours 5 min ago
A South Korean consumer group filed a criminal complaint against Apple CEO Tim Cook over slower iPhone devices.
RELATED:
CNN - Quest: A fractured world at Davos; Apple's big check; China trade - 22 hours 25 min ago
Reuters - South Korean group files complaint against Apple CEO over iPhone slowdown - 23 hours 49 min ago
COMMENTARY:
Washington Post - Italy is drawing Samsung into Apple's battery battles - 6 hours 27 min ago
Zacks - Apple's Cash Repatriation Is a Big Win for Trump - 7 hours 27 min ago
BusinessInsider - Apple CEO Tim Cook: I don't want my nephew on a social network (AAPL) - 7 hours 34 min ago
TechCrunch - Apple has hired tech team from data science startup SVDS - 9 hours 23 min ago
Fox Business - Apple Inc.'s iPhone X is a Hit in China - 12 hours 55 min ago
VIDEO:
CNBC Video - Apple iPhone 6 battery: what happened when I tried to get it replaced - 5 hours 21 min ago
Reuters Video - Koreans join backlash against Apple iPhone slowdown - 13 hours 36 sec ago



SEC says bitcoin funds raise 'investor protection issues'
Reuters - 23 hours 31 min ago
(Reuters) - The U.S. securities regulator on Thursday raised alarm about the safety of bitcoin-themed investments, telling the fund industry they want answers to their concerns before endorsing more than a dozen proposed products based on cryptocurrencies.
COMMENTARY:
Fox Business - SEC letter shows bitcoin funds won't happen soon, if ever - 8 hours 9 min ago
Naked Capitalism - SEC Stymies Plans to Offer Bitcoin Funds Anytime Soon - 12 hours 33 min ago
VIDEO:
CNBC Video - SEC regulators push back against bitcoin ETFs - 5 hours 16 min ago



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