Business News - The Last 24 Hours

Asia markets to focus on Wall Street rally as dollar climbs on tax reform hopes
CNBC - 52 min 51 sec ago
Wall Street gained and the dollar found some reprieve overnight as risk aversion faded ahead of the Asian trading session.
RELATED:
Reuters - Asian shares edge up, bolstered by modest gains on Wall Street - 23 hours 26 min ago
COMMENTARY:
SCMP - Global stocks rally as tech shares lead the charge on Wall Street - 1 hour 21 min ago
BusinessInsider - What you need to know on Wall Street today - 6 hours 46 min ago
Zacks - Solar Eclipse a Godsend for Wall Street: Top 5 Gainers - 10 hours 26 min ago
Fox Business - Asian stocks mixed after Wall Street gains - 18 hours 58 min ago
VIDEO:
Reuters Video - Wall Street rises on tax reform hopes - 3 hours 57 min ago
CNBC Video - Wall Street set to rebound after slump - 14 hours 22 min ago



China's central bank injects funds into market via MLF
China Daily - 1 hour 22 min ago
BEIJING - China's central bank on Tuesday injected fresh funds via its medium-term lending facility (MLF) to keep liquidity stable. The People's Bank of China (PBOC) pumped 399.5 billion yuan (about $60 billion) into the financial system via MLF. The interest rate for one-year MLF loans was unchange ...
RELATED:
China Daily - China central bank to give more credit support to poor areas - 21 hours 52 min ago
COMMENTARY:
BusinessInsider - Fed officials keep breaking with protocol in a way that could compromise the central bank's independence - 4 hours 45 min ago
Fox Business - Global shares gain ahead of Central Bankers' summit - 16 hours 27 min ago



Market shouldn't get too excited about tax reform — yet
CNBC - 1 hour 25 min ago
Stocks took a leap of faith on the prospects of a congressional tax plan, but hurdles remain.
RELATED:
Reuters - As tax debate heats up, U.S. Republicans tweak business interest plan - 3 hours 31 min ago
Indiatimes - Income tax department grapples with Benami Deal allegation against Cascade - 4 hours 22 min ago
Bloomberg - KBW's Gardner Says Tax Reform May Be Even Harder Now - 6 hours 10 min ago
CNBC - Philadelphia's soda tax isn't the windfall some had hoped for - 11 hours 52 min ago
COMMENTARY:
Zero Hedge - Stocks Surge To Best Day In 4 Months As Warmongery & Tax Talk Trump Debt-Ceiling Doubts - 4 hours 19 min ago
VIDEO:
CNBC Video - GOP ramps up efforts on tax reform - 3 hours 39 min ago



Uber's biggest investor has not given up on Meg Whitman as CEO, sources say
CNBC - 1 hour 38 min ago
Benchmark is still pushing Hewlett Packard Enterprise CEO Meg Whitman for the vacant Uber CEO spot vacated by Travis Kalanick, sources say.
RELATED:
CNBC - H&R Block names former Uber executive Jeff Jones as CEO - 9 hours 58 min ago
AP - H&R Block taps former Uber exec to serve as CEO - 11 hours 22 min ago
COMMENTARY:
TechCrunch - Walmart expands its grocery delivery business, powered by Uber - 6 hours 59 min ago
Fox Business - H&R Block taps former Uber exec to serve as CEO - 11 hours 46 min ago
Washington Post - Can GE's former chief executive turn Uber around? - 23 hours 50 min ago
VIDEO:
CNN Video - Timeline: Uber's management crisis - 6 hours 52 min ago



Berkshire Hathaway shares hit all-time high despite Buffett's energy deal unraveling
CNBC - 2 hours 41 min ago
Warren Buffett's conglomerate won't get a credit rating downgrade by S&P, after all
RELATED:
CNBC - Why billionaire investors like Warren Buffett are chasing after this energy investment - 9 hours 15 min ago
COMMENTARY:
BusinessInsider - Successful people from Warren Buffett to Bill Gates spend their free time the same way - 9 hours 17 min ago
NY Post - Buffett is a two-time loser in Texas energy bid - 21 hours 45 min ago
VIDEO:
CNBC Video - Why billionaire investors like Warren Buffett are chasing after this energy investment - 6 hours 1 min ago



Wells Fargo CEO tells employees to brace for more negative headlines
CNBC - 3 hours 9 min ago
Wells Fargo CEO Timothy Sloan said forthcoming results from the bank's review of its consumer sales scandal could cause more negative attention.
RELATED:
CNBC - Wells Fargo raises its year-end S&P 500 target - 6 hours 34 min ago
COMMENTARY:
Fox Business - Why We Were So, So Wrong About Wells Fargo - 1 hour 40 min ago



Macy's and DSW jump while Coty and Toll Brothers slide
AP - 3 hours 22 min ago
NEW YORK (AP) -- Stocks that moved substantially or traded heavily Tuesday:...
RELATED:
CNBC - Macy's CEO says management changes, job cuts target faster sales, better margins - 10 hours 30 min ago
COMMENTARY:
Fox Business - Why Macy's, Farmer Brothers, and Snap Jumped Today - 3 hours 17 min ago
Zacks - Macy's (M) Stock Gains on New Digital, Restructuring Initiatives - 6 hours 18 min ago
NY Post - Macy’s taps former eBay exec as new president - 10 hours 32 min ago
24/7 Wall St. - Macy’s Names eBay Exec as President to Improve E-Commerce Expertise - 11 hours 12 min ago
VIDEO:
CNBC Video - Hal Lawton brings retail and technology experience: Macy's CEO Jeffrey Gennette - 12 hours 17 min ago



May Compromises on EU Court in Bid to Accelerate Brexit Talks
Bloomberg - 3 hours 28 min ago
Prime Minister Theresa May conceded that the European Union’s top court will influence U.K. law long after Brexit, a climbdown aimed at accelerating divorce talks but which opens her to attack from euroskeptics.
RELATED:
Bloomberg - U.K. Asks EU to Leave Legal Relationships Untouched by Brexit - 13 hours 22 min ago
Euronews - Will Brexit mean Brexit in the courts? - 16 hours 23 min ago
COMMENTARY:
The Guardian - Airports call for urgent post-Brexit deal on UK-EU flights - 7 hours 15 min ago
BusinessInsider - Stocks are flashing a bigger warning sign than they did for Brexit and the US election - 7 hours 48 min ago
Fox Business - UK seeks smooth rules to resolve legal disputes after Brexit - 10 hours 24 min ago
SCMP - Chinese firms not deterred by Brexit or Beijing’s tighter capital controls, says docks developer - 17 hours 1 min ago
VIDEO:
CNBC Video - Changes aside from Brexit impacting central London property: JLL - 16 hours 15 min ago



Changing mortgage deduction would discourage homeownership: Toll Brothers CEO
CNBC - 3 hours 33 min ago
Making changes to the popular mortgage interest rate deduction would be "very bad policy," Toll Brothers CEO Doug Yearley told CNBC on Tuesday.
RELATED:
CNBC - Popular mortgage deduction could get a haircut in tax reform - 4 hours 31 min ago
VIDEO:
CNBC Video - Toll Brothers CEO: Capping mortgage interest deduction would discourage home ownership - 4 hours 57 min ago



Google touts Titan security chip to market cloud services
Reuters - 3 hours 48 min ago
SAN FRANCISCO (Reuters) - Alphabet Inc’s Google this week will disclose technical details of its new Titan computer chip, an elaborate security feature for its cloud computing network that the company hopes will enable it to steal a march on Amazon.com Inc and Microsoft Corp.
RELATED:
CNBC - Breakingviews: Snap won't easily pull a Facebook-Google-Alibaba - 3 hours 54 min ago
COMMENTARY:
BusinessInsider - The Google Home is a powerful smart speaker — here are the 5 best devices to use with it - 5 hours 22 min ago
TechCrunch - Google Maps suggests BlaBlaCar for long-distance rides - 7 hours 37 min ago
Zero Hedge - Google Folds, Restores Accounts Of Banned Statistics Professor - 10 hours 3 min ago
Naked Capitalism - Google’s Censorship, Plans to Restrict Publisher Advertising Raises Antitrust Issues - 13 hours 32 min ago
LA Times - Google's newest Android operating system gets its official name: Oreo - 23 hours 32 min ago
VIDEO:
CNBC Video - Google is trying again to push Chromebooks into big businesses, the core market for Microsoft Windows - 6 hours 4 min ago



Was CEOs' exodus from Trump councils the right move? Former executives weigh in
CNBC - 3 hours 57 min ago
Not all business leaders think it was the right decision for CEOs to distance themselves from the president.
RELATED:
CNBC - GoDaddy names Scott Wagner as new CEO - 4 hours 1 min ago
Indiatimes - Action points raised by CEOs may be incorporated in Niti Aayog’s 15-year vision text - 4 hours 22 min ago
Reuters - Chevron CEO John Watson to step down: WSJ - 6 hours 29 min ago
CNN - Bank stock crashes 75% after CEO resigns, dividend cut - 9 hours 26 min ago
COMMENTARY:
BusinessInsider - The reaction to Merck's CEO leaving Trump's council proves that it pays to get political - 4 hours 20 min ago
Fox Business - The Latest: Utility CEO taken to hospital ahead of testimony - 6 hours 28 min ago
TechCrunch - 16 Things CEOs Should Do Before an IPO - 7 hours 51 min ago
24/7 Wall St. - Tronc Hires Former Yahoo Exec Levinsohn as LA Times CEO and Publisher - 11 hours 47 min ago
Zero Hedge - "Clearly Awful News": UK Subprime Lender Provident Crashes Most On Record, CEO Quits - 12 hours 56 min ago
VIDEO:
CNBC Video - Employer 401(k) plans good for business: Fmr. Frontier Communications CEO - 4 hours 4 min ago
WSJ Video - Kroger CEO Rodney McMullen: How I Work - 14 hours 52 min ago



JPMorgan cautious on theaters as film studios consider releasing content on demand
CNBC - 4 hours 12 min ago
JPMorgan reduced its price targets and outlook on theaters after studios hinted that video on demand may be close.
RELATED:
CNBC - Buy hot chip stock Broadcom before earnings as an iPhone play: JPMorgan - 4 hours 50 min ago
VIDEO:
CNBC Video - JPMorgan thinks the electric vehicle revolution will create a lot of losers - 11 hours 56 min ago



Venezuela Is Ready for Further U.S. Sanctions, Maduro Says
Bloomberg - 4 hours 45 min ago
President Nicolas Maduro said Venezuela’s authoritarian regime is prepared for additional retaliation from the U.S., one of the crisis-torn nation’s principal trade partners, including wide-reaching sanctions on its beleaguered economy and oil industry.
RELATED:
CNBC - RBC’s Helima Croft on oil and gas outlook, Venezuelan production risks - 10 hours 51 sec ago
COMMENTARY:
Zero Hedge - Stop Venezuela's Economic Death Spiral -- Dollarize, Now - 10 hours 24 min ago
LA Times - With political turmoil raging back home, L.A.'s Venezuelan community shows solidarity from abroad - 12 hours 22 min ago
VIDEO:
CNBC Video - RBC’s Helima Croft on oil and gas outlook, Venezuelan production risks - 10 hours 51 sec ago



Toll Brothers CEO Doug Yearley on earnings, housing preferences for boomers and millennials
CNBC - 5 hours 9 min ago
The full interview with Doug Yearley.
RELATED:
CNBC - Homebuilder Toll Brothers' profit beats on strong demand - 13 hours 35 min ago
Reuters - Homebuilder Toll Brothers' profit rises 40.8 percent - 14 hours 20 min ago
COMMENTARY:
24/7 Wall St. - Why Toll Brothers Earnings Are Taking the Stock Down - 11 hours 37 min ago
Fox Business - Toll Brothers Profit Beats Estimates As Sales Fall Slightly Short - 12 hours 53 min ago
BusinessInsider - Toll Brothers posts a big earnings beat (TOL) - 13 hours 35 min ago
VIDEO:
CNBC Video - Don't see supply issues: Toll Brothers CEO - 5 hours 3 min ago



Snap rallies 6% after report saying fewer teens will be using Facebook
CNBC - 5 hours 32 min ago
Wall Street may finally be warming a bit to Snap.
RELATED:
CNBC - The solar eclipse was more popular than the Super Bowl on Facebook - 8 hours 19 min ago
COMMENTARY:
BusinessInsider - Snap is popping after report says teens think it's cooler than Facebook (SNAP) - 4 hours 49 min ago
Zero Hedge - Young Facebook Users "Less Engaged" As Demographic 'Time Bomb' Looms - 6 hours 32 min ago
TechCrunch - A look back in IPO: Facebook’s trailing profit and mobile intrigue - 8 hours 37 min ago
Zacks - Facebook's Teen Users Problem to Aggravate Per eMarketer - 9 hours 24 min ago
Fox Business - TD Ameritrade launches Facebook chatbot - 20 hours 19 min ago
VIDEO:
CNBC Video - Snap vs. Facebook: 5 picks - 3 hours 22 min ago



Why hasn't Trump used his 'sledgehammer' on trade?
CNN - 6 hours 14 min ago
They were among President Trump's biggest threats. And so far he hasn't followed through.
RELATED:
China Daily - China-US trade war leads nowhere: FM - 20 hours 22 min ago
Bloomberg - South Korea, U.S. Start Talks on Revising 'Horrible' Trade Deal - 21 hours 6 min ago
VIDEO:
CNBC Video - Here's why a top strategist says Trump trade's on 'life support' - 3 hours 14 min ago
CNN Video - Trump vs. China: Tensions over trade - 9 hours 38 min ago



Trump adviser Kushner leading US delegation to Middle East
Indiatimes - 6 hours 22 min ago
WASHINGTON (AP) — White House adviser Jared Kushner is leading a delegation to the Middle East on behalf of President Donald Trump to discuss the possibility of resuming the Israeli-Palestinian peace process.
RELATED:
CNBC - Kushner leading Trump delegation to Middle East - 8 hours 47 min ago
Bloomberg - Kushner Leading Trump Delegation to Middle East - 9 hours 25 min ago
COMMENTARY:
LA Times - Kushner heads to Israel for latest attempt at peace deal - 2 hours 32 min ago



With Whole Foods, Amazon enters an overcrowded supermarket space
CNBC - 6 hours 29 min ago
Amazon is looking to go from operating a handful of Amazon-branded book stores to more than 400 of Whole Foods' premium supermarkets.
RELATED:
CNBC - VMware shares to surge more than 20% because the Amazon cloud threat is overblown: Analyst - 9 hours 52 min ago
COMMENTARY:
BusinessInsider - Amazon bought Whole Foods to solve its biggest problem in the grocery business (AMZN) - 5 hours 49 min ago
Zacks - Is Target Finally Catching Up to Amazon & Walmart? - 8 hours 7 min ago
VIDEO:
CNBC Video - With Whole Foods, Amazon enters an overcrowded supermarket space - 5 hours 32 min ago



Two October surprises could boost oil prices above $50
CNBC - 7 hours 56 min ago
A default at Venezuela oil giant PDVSA or sanctions on Iran's energy sector could jolt crude prices, Helima Croft said.
RELATED:
Reuters - Oil prices rise ahead of U.S. stocks data - 10 hours 22 min ago
CNBC - Live blog: Oil prices are pushing into recovery after a 2 percent drop - 19 hours 30 min ago
COMMENTARY:
Fox Business - Oil Settles Higher As Analysts Forecast a Weekly Decline In U.S. Crude Supplies - 5 hours 37 min ago
Kiplinger - Oil Market's Rally Loses Steam - 20 hours 22 min ago



Here's what to expect from Samsung's Galaxy Note 8 event Wednesday
CNBC - 8 hours 18 min ago
Samsung will unveil its new flagship smartphone, the Galaxy Note 8, during a press conference in New York on Wednesday.
RELATED:
CNBC - Samsung voice assistant Bixby expands to over 200 countries in battle with Amazon Alexa, Apple Siri - 15 hours 39 min ago
COMMENTARY:
Washington Post - Samsung faces a crucial smartphone launch as its top executive faces a sentencing hearing - 51 min 3 sec ago
BusinessInsider - CAMERA SHOOTOUT: The Essential Phone puts up a surprisingly good fight, but Samsung's Galaxy S8 still holds the throne - 6 hours 27 min ago
TechCrunch - Samsung’s Bixby assistant is now available for Galaxy S8 owners worldwide - 12 hours 58 min ago
VIDEO:
CNBC Video - Here's what to expect from Samsung's Galaxy Note 8 event Wednesday - 6 hours 3 min ago



A vanilla price surge is hitting high-end ice cream consumers
CNBC - 9 hours 1 min ago
Vanilla pods are surging in price after a cyclone hit Madagascar, the world's top producer, Financial Times reports.
RELATED:
CNBC - Hispanic consumers spending less because of lingering fears of Trump's immigration policy - 9 hours 31 min ago
COMMENTARY:
Fox Business - These 3 Consumer Goods Stocks Are Ridiculously Cheap - 11 hours 20 min ago
VIDEO:
CNBC Video - Classical music is a 'timeless interest field' for consumers: Expert - 16 hours 37 min ago



Spain attacks: Terrorists were planning bigger attack
Euronews - 9 hours 37 min ago
The Islamist group that carried out the Barcelona van-ramming attack was planning a much bigger attack.
RELATED:
Euronews - Tourists flock back to Paris a year after terror attacks - 10 hours 29 min ago



McDonald's cancels franchises for 169 restaurants in India
CNN - 12 hours 3 min ago
India's burger bust-up is going super-sized.
COMMENTARY:
Fox Business - Why I Love McDonald's Corp. - 8 hours 16 min ago
BusinessInsider - McDonald's is closing 169 locations in India following a franchise battle - 10 hours 38 min ago
Zacks - McDonald's Clashes with Franchisee, To Shut 169 Indian Stores - 10 hours 57 min ago



Great Wall Motor says it has not contacted Fiat Chrysler's board
Reuters - 12 hours 4 min ago
HONG KONG (Reuters) - Chinese automaker Great Wall Motor Co Ltd has not contacted Fiat Chrysler Automobiles NV's board nor has it signed any agreements with the Italian-American automaker, it said on Tuesday.
RELATED:
CNBC - China's Great Wall Motor says it has not contacted Fiat Chrysler's board - 12 hours 4 min ago
COMMENTARY:
Fox Business - Why Fiat Chrysler Automobiles Isn't Likely to Sell Jeep to China - 4 hours 49 min ago
VIDEO:
CNBC Video - Will Fiat Chrysler spin off Jeep? - 19 hours 44 min ago



India's June quarter GDP to see modest recovery at 6.6%: Nomura
Indiatimes - 16 hours 52 min ago
Economic activity in the country, which had lost some momentum in the run up to the Goods and Services Tax (GST) rollout, has started to recover, according to Nomura.
RELATED:
Indiatimes - With attacks soaring, India races to regulate cryptocurrencies - 21 hours 52 min ago
COMMENTARY:
BusinessInsider - Trump's Afghanistan strategy includes a new ultimatum for India - 10 hours 37 min ago



Persimmon hails resilient housing market
BBC - 16 hours 57 min ago
Housebuilder Persimmon reports strong half year profits as it says the market "remains confident".
VIDEO:
CNBC Video - Parts of UK housing sector are attractive, investment manager says - 19 hours 3 min ago



China's economy steadies on slower growth, better structure
China Daily - 20 hours 22 min ago
Mao Shengyong (right), spokesperson of the National Bureau of Statistics, speaks at a press conference held by the State Council Information Office in Beijing, capital of China, Aug 14, 2017. Growth of China's factory output dropped a notch in July, but industrial upgrades continued as th ...
RELATED:
China Daily - Economic indicators lower, but resilient - 20 hours 52 min ago



BHP Billiton to sell US shale business
BBC - 21 hours 35 min ago
The mining giant posted a $5.9bn (£4.6bn) annual net profit, but there is pressure to offload US shale.
RELATED:
AP - BHP Billiton returns to black with $6.7 billion profit - 22 hours 22 min ago
COMMENTARY:
24/7 Wall St. - BHP Billiton to Sell Assets It Never Should Have Purchased - 8 hours 7 min ago
Zacks - BHP Billiton's (BHP) Fiscal '17 Earnings and Revenues Up Y/Y - 10 hours 56 min ago
BusinessInsider - BHP Billiton wants to ditch its US Shale business (BHP) - 12 hours 5 min ago
Fox Business - BHP Billiton returns to black with $6.7 billion profit - 22 hours 33 min ago
VIDEO:
Reuters Video - BHP to quit U.S. shale business as profits surge - 13 hours 37 min ago
CNBC Video - BHP’s Australian shares gain after earnings - 19 hours 3 min ago



China's health service industry to reach $2.4t by 2030
China Daily - 22 hours 52 min ago
A nurse records patients' conditions at an intensive care unit in a hospital in Rong'an county, Guangxi Zhuang autonomous region, May 12, 2017. [Photo/Asianewsphoto.com] BEIJING - China will boost its health-related industries and estimates the market for health services will r ...
COMMENTARY:
Zacks - Does Cross Country Healthcare (CCRN) Make for a Suitable Value Pick Now? - 10 hours 44 min ago
LA Times - Here's how expanding Medicare could set us on the path to universal health coverage - 10 hours 55 min ago



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