Business News - The Last 24 Hours

Morgan Stanley profit beats on wealth management gains, lower expenses
Reuters - 16 min 37 sec ago
Morgan Stanley reported a drop in quarterly profit but beat analysts' expectations on gains in its wealth-management business and lower expenses.
Reuters - Morgan Stanley profit beats on wealth management focus - 1 hour 18 min ago
CNBC - Stocks making the biggest moves premarket: Morgan Stanley, UnitedHealth, Apple, Netflix & more - 1 hour 23 min ago
Zero Hedge - Morgan Stanley Equity, FICC Trading, iBanking Revenues Tumble - 1 hour 27 min ago
24/7 Wall St. - What to Expect When Morgan Stanley Reports Thursday Morning - 19 hours 57 min ago
MarketWatch - Tesla is getting China right, Morgan Stanley says - 21 hours 35 min ago
CNBC Video - Morgan Stanley beats expectations on EPS, revenue - 1 hour 10 min ago

Dow futures point at third day of losses
CNN - 26 min 5 sec ago
Stock futures are pointing at a third day in the red for US equity markets, as more and more second quarter earnings are coming out.
Reuters - Futures edge lower as Netflix tumbles - 1 hour 36 min ago
Zero Hedge - European Stocks, US Futures Rebound After ECB Said To Revamp Inflation Goal - 1 hour 58 min ago
MarketWatch - Futures Movers: U.S. crude supplies fall a fifth straight week, but by less than the market expected - 22 hours 21 min ago
CNBC Video - US stock futures slightly lower on earnings and trade fears - 3 hours 32 min ago

Southwest removes Boeing 737 MAX from schedule until November 2, freezes pilot hiring
Reuters - 27 min 58 sec ago
Southwest Airlines Co joined U.S. rivals on Thursday in cancelling more flights until early November due to the continued grounding of Boeing Co's 737 MAX, which has also prompted the low-cost carrier to freeze new pilot hiring.
Reuters - Korean Air to buy 20 Boeing 787s, lease 10 more - 3 hours 56 min ago
Indiatimes - Boeing to make $50 mln in payments to 737 MAX crash victims' families - 9 hours 2 min ago
CNN - Relatives of victims killed in 737 Max crashes accuse Boeing of prioritizing greed over safety - 20 hours 3 min ago
CNBC - 'My life has no meaning.' Man whose family was killed in 737 Max crash slams Boeing - 22 hours 7 min ago
The Japan Times - Boeing to spend $50 million to support 737 Max crash victim families - 16 hours 32 min ago
Time Business - Family Members of Boeing 737 Max Crash Victims Tell Congress to Strengthen FAA Safety Oversight - 19 hours 59 min ago
Zero Hedge - Boeing Thinks A Human Life Is Worth Just $150,000 - 22 hours 27 min ago
Reuters Video - Grieving father slams Boeing's 'wrongful conduct' in Congress - 21 hours 49 min ago
CNBC Video - Boeing to give $50 million to families of crash victims - 23 hours 40 min ago

Here's why Netflix says it lost U.S. paid subscribers for the first time in eight years
CNBC - 28 min 33 sec ago
Netflix blamed its content slate, regional price increases and a 'pull-forward effect' of its strong Q1 growth for the miss.
CNBC - Analysts stick by plunging Netflix shares, see comeback this quarter driven by 'Stranger Things' - 55 min 33 sec ago
Reuters - Netflix shares sink 11%, analysts still see growth - 1 hour 2 min ago
Fox Business - Netflix blames content slate for rare subscriber growth miss - 15 hours 24 min ago
New York Times - Netflix Stock Tumbles as Subscriber Growth Falls Far Below Expectations - 16 hours 4 min ago
BBC - Netflix shares sink 10% as subscriber take-up slows - 16 hours 13 min ago
MarketWatch - The Ratings Game: Netflix stock slammed by subscriber miss, but analysts are unfazed - 55 min 36 sec ago
NY Post - Netflix shares plunge after rare slowdown in subscriber growth - 12 hours 13 min ago
The Japan Times - Netflix’s subscriber growth drops in quarter, stock tumbles - 14 hours 32 min ago
TechCrunch - Netflix will roll out a lower-priced subscription plan in India - 14 hours 35 min ago
Washington Post - Netflix Stumbles in Its Effort to Annex the World’s Eyeballs - 14 hours 48 min ago
BusinessInsider - Elon Musk's sister, Tosca Musk, runs a Netflix-like streaming service for romance novels turned into movies - 16 hours 11 min ago
Vox - Netflix thought it would have 5 million new subscribers this quarter. Instead it added 2.7 million. - 16 hours 46 min ago
The Guardian - Netflix shares fall 10% as streaming giant misses growth targets - 16 hours 50 min ago
24/7 Wall St. - Why Netflix Is in Trouble After This Q2 Report - 17 hours 10 min ago
Zero Hedge - Netflix Plummets After Subscriber Growth Hits A Brick Wall; US Subs Decline - 17 hours 16 min ago
CNBC Video - Netflix's rocky quarter isn't a business model issue, says WinView's Tom Rogers - 1 hour 10 min ago
Reuters Video - After Netflix jacks up price, some click off - 14 hours 32 min ago

Elizabeth Warren's new plan targets Wall Street and private equity 'vampires'
CNN - 32 min 24 sec ago
Elizabeth Warren pivoted her presidential campaign on Thursday to the issue that made the Massachusetts senator a hero of the progressive left long before she was first elected in 2012: Reining in Wall Street.
Reuters - Wall Street falls as railroads slide after CSX signals trade impact - 20 hours 29 min ago
CNN - A startup that streams video games could be China's biggest Wall Street IPO this year - 23 hours 38 min ago
MarketWatch - The Wall Street Journal: Videogame-streamer DouYu raises $775 million in largest U.S. IPO by a Chinese company this year - 14 hours 4 min ago
CNBC Video - Netflix isn't growing as fast as Wall Street wants and the stock gets hit - 15 hours 49 min ago
Reuters Video - Wall Street falls as CSX drops - 16 hours 29 min ago

More than 50 companies reportedly pull production out of China due to trade war
CNBC - 41 min 33 sec ago
The pace of companies moving production out of China is accelerating, according to the Nikkei Asian review.
Reuters - Global stocks slip as U.S.-China trade war drags on corporate earnings - 1 hour 46 min ago
SCMP - Standard Chartered cuts Hong Kong’s growth prospects through 2021 as US-China trade war puts the squeeze on city’s economy - 4 hours 32 min ago
CNN - Europe's biggest tech company is being hurt by the trade war - 4 hours 59 min ago
MarketWatch - Asia Markets: Asian markets fall on economic red flags as trade-war standoff persists - 9 hours 36 min ago
TechCrunch - How a Hong Kong startup gets caught up in US-China trade war - 10 hours 39 min ago

A deep rate cut is required to battle ugly earnings trend, James Bianco says
CNBC - 1 hour 2 min ago
Market researcher James Bianco believes it's crucial to get a half point cut at the next Federal Reserve meeting.
Fox Business - Stock markets flat amid new China pessimism, disappointing Netflix 2Q earnings - 1 hour 49 min ago
Reuters - Goldman Sachs' equities-backed earnings results may pressure - 2 hours 24 min ago
CNN - Netflix miss; Trade and earnings; Markets slide - 3 hours 53 min ago
CNBC - Cramer: Earnings suggest business and consumer economies are 'out of sync' - 15 hours 6 min ago
MarketWatch - Earnings Results: UnitedHealth raises full-year profit outlook after strong second quarter - 41 min 42 sec ago
Zero Hedge - Tech Wreck Looms As Valuations Decouple From "Startling" Decline In Earnings Expectations - 17 hours 47 min ago
24/7 Wall St. - What to Look For in eBay Earnings After the Close - 22 hours 6 min ago
CNBC Video - SAP stock falls after disappointing earnings - 3 hours 40 min ago

Qualcomm Is Fined Again by European Regulators for Antitrust Behavior
New York Times - 1 hour 8 min ago
The $272 million fine is for blocking a rival chip maker from the market. It is the second time in two years that E.U. authorities have penalized Qualcomm.
CNN - Europe fines Qualcomm $270 million for 'predatory pricing' - 2 hours 6 min ago
CNBC - Here are the biggest analyst calls of the day: Apple, Qualcomm, Exxon Mobil & more - 2 hours 23 min ago
Reuters - EU Commission fines Qualcomm for second time over market abuse - 3 hours 40 min ago
24/7 Wall St. - Top Analyst Upgrades and Downgrades: AMD, Apple, Chipotle, Costco, Exxon, Netflix, Qualcomm, Ulta, US Bancorp and More - 37 min 22 sec ago
TechCrunch - Qualcomm hit with $271M EU fine over predatory pricing of baseband chips - 1 hour 10 min ago

Oil rises after Iran says it seized foreign tanker in Gulf
Reuters - 1 hour 27 min ago
Oil prices rose about 1% on Thursday after Iran said it had seized a foreign oil tanker in the Gulf amid rising tensions between Tehran and the West over the safety of shipping in the Strait of Hormuz, a vital gateway for energy exports.
Reuters - Oil rises 1% after Iran says it seized foreign tanker in Gulf - 2 hours 5 min ago
Zero Hedge - Oil Prices Plunge After Trump Sends Rand Paul To Ease Tensions With Iran - 19 hours 34 min ago

Mnuchin: Call on trade with China counterparts set for Thursday, 'complicated issues' remain
CNBC - 2 hours 15 min ago
Treasury Secretary Steven Mnuchin said a call between U.S. and China trade officials is scheduled for later on Thursday.
CNBC - China will not use its Treasury holdings as a weapon against the US, says expert - 8 hours 47 min ago
SCMP - Tensions between US-China over trade, technology ‘persistent’, could last for years, BlackRock says - 11 hours 10 min ago
Zero Hedge - Stalled Progress Raises Doubts About Prospects For US-China Trade Deal - 57 min 33 sec ago
MarketWatch - London markets slide as U.S.-China talks stall and pound rebounds on retail boost - 2 hours 3 min ago
NY Post - Don’t expect a trade deal with China before the 2020 election - 11 hours 36 min ago
CNBC Video - China may cut interest rates after the Fed moves: Credit Agricole - 6 hours 37 min ago

Data leak of unemployment figures serious: Govt
Indiatimes - 2 hours 32 min ago
Minister of State for Planning and Statistics Rao Inderjit Singh termed the issue as "serious" and said data pertaining to unemployment figures was leaked ahead of its announcement in May this year.
CNN - Alfie Allen is no longer the unemployed, lazy gamer his sister Lily Allen once sang about - 21 hours 29 min ago
Calculated Risk - Weekly Initial Unemployment Claims increased to 216,000 - 59 min 27 sec ago
CNBC Video - Unemployment in Australia could creep up in the near future: Economist - 6 hours 19 min ago

Google will build 15,000 Silicon Valley homes as part of a $15 billion project
CNN - 2 hours 38 min ago
Google is teaming up with an Australian developer to build $15 billion worth of homes, retail and hospitality spaces in Silicon Valley.
Reuters - Australian developer LendLease lands $15 billion project with Google; shares surge - 10 hours 50 min ago
TechCrunch - Google’s Area 120 launches Byteboard to improve technical interviews - 23 hours 32 min ago
CNBC Video - NYT columnist Charlie Warzel on the evolution of Google's privacy policy - 21 hours 2 min ago

Samsung asks partners to stockpile Japanese components: source
Reuters - 2 hours 39 min ago
South Korea's Samsung Electronics has sent letters to local partners urging them to stockpile more Japanese components in case Tokyo expands its export restrictions, a source with knowledge of the matter said on Thursday.
Reuters - Truckmaker Volvo lifts market view, picks Samsung for batteries - 5 hours 10 min ago

Facebook's Libra is really a 'zuckbuck' says lawmaker
Fox Business - 2 hours 47 min ago
Still in its infancy, Libra is getting lambasted.
CNBC - Facebook needs to drop Libra and buy Square, Jim Cramer says - 14 hours 44 min ago
CNN - After a 16-month blackout, Chad is back on Facebook, Twitter and other social platforms - 16 hours 2 min ago
Indiatimes - US lawmakers challenge Facebook over Libra plan - 19 hours 2 min ago
TechCrunch - Congressional testimony reveals some faults in Facebook’s digital currency plans - 6 hours 38 min ago
Zero Hedge - Facebook Won't Say Whether Banned Individuals Can Use Libra Despite Claiming To Be 'Politically Neutral'  - 13 hours 57 min ago
The Guardian - US lawmakers hammer Facebook exec over Libra's threat to privacy - 14 hours 41 min ago
MarketWatch - Key Words: Facebook’s Libra could be more dangerous than 9/11, congressman says - 18 hours 46 min ago
LA Times - MS-13 used gruesome tactics, fake Facebook profile in reign of terror, prosecutors say - 19 hours 5 min ago
CNBC Video - Facebook faces grilling in House committee hearing on Libra - 2 hours 5 min ago
Reuters Video - Facebook Libra gets a global slamming - 15 hours 33 min ago

BMW to pick new CEO, Zipse emerges as favorite
Reuters - 3 hours 13 min ago
BMW is set to name Oliver Zipse as its new chief executive, picking the manufacturing expert to help the German automaker make the shift to electric and self-driving cars and tackle new competition from technology giants.
CNBC - Josh Brown: Sometimes the best returns come from CEOs you've never heard of - 4 hours 2 min ago
Vox - Bernie Sanders’s years-long feud with Goldman Sachs’s former CEO is now part of his campaign - 2 hours 22 min ago
MarketWatch - Key Words: The CEO of railroad giant CSX says he’s baffled by the U.S. economy - 19 hours 36 min ago
CNBC Video - Trade war has led to price hikes and softer demand in North America, Electrolux CEO says - 3 hours 38 min ago

UK will plunge into recession if it leaves Europe without a Brexit deal
CNN - 3 hours 19 min ago
Leaving the European Union later this year without a Brexit deal would plunge the United Kingdom into recession.
BBC - No-deal Brexit will cause UK recession, says fiscal watchdog - 4 hours 36 min ago
The Guardian - No-deal Brexit 'would send UK into recession', forecasters fear - business live - 5 hours 54 min ago
CNBC Video - CSX's disappointing earnings could be a sign of a freight recession - 21 hours 1 min ago

Raymond James upgrades Apple on 'increased conviction in a 5G iPhone'
CNBC - 3 hours 36 min ago
Raymond James upgraded Apple and said its most recent checks show Apple is preparing to bring a 5G iPhone to a wider range of models than previously thought.
CNN - Save big on Apple silicone and leather cases for iPhone Xs and Xs Max - 17 hours 37 min ago
TechCrunch - Apple gives a sneak peek of its new Peanuts series with ‘Snoopy in Space’ trailer - 16 hours 38 min ago
CNBC Video - Raymond James upgrades Apple on positive 5G outlook - 21 min 33 sec ago

DealBook Briefing: Trade Talks Are Stalled Over Huawei
New York Times - 3 hours 37 min ago
Revived trade negotiations between the U.S. and China are said to be stuck as officials debate how much Washington should ease up on the company.
CNBC - China-US trade talks reportedly slow to a standstill over Huawei - 16 hours 42 min ago
MarketWatch - European markets dragged down as U.S.-China trade talks hit Huawei hurdle - 3 hours 18 min ago
Zero Hedge - Stocks Slump Into Close As Trade Talks Stall Over Huawei; Silver Jumps, Crude Dumps - 17 hours 30 min ago

Lagarde resigns from IMF — these Europeans could succeed her
Euronews - 5 hours 17 min ago
Due to an understanding between the US and Europe, the head of the IMF has always been European, while the World Bank has always been led by an American.
Indiatimes - India's current account balance deficit grew to $68bn in 2018-19: IMF - 6 hours 32 min ago
CNBC - IMF sees dangers from trade tensions and says the dollar is overvalued - 11 hours 50 min ago
MarketWatch - China not a trade villain, IMF says - 21 hours 33 min ago

Donald Trump slammed for tweet about hunting down Mumbai attack mastermind
Indiatimes - 5 hours 32 min ago
More than 160 people were killed in the four-day militant attacks. Saeed is designated a terrorist by the United States and the United Nations.
Indiatimes - The Latest: Trump says he has no regrets about tweets - 15 hours 32 min ago
CNN - White GOP congressman says he isn't offended by racist Trump tweets because 'I'm a person of color' - 18 hours 21 min ago
Vox - New polling indicates Republicans actually like Trump more following racist tweet controversy - 21 hours 22 min ago

Former JPMorgan managing director pleads not guilty to bribery charges relating to Kerry Logistics IPO
SCMP - 6 hours 43 min ago
A former managing director of JPMorgan Securities (Asia Pacific) has pleaded not guilty to charges of bribery related to the US bank’s hiring programme in Asia known as “Sons and Daughters”, the District Court in Wan Chai heard on Thursday.Catherine Leung Kar-cheung, a veteran banker who now r ...
Reuters - Novartis CEO sets aside $700 million to settle doctor bribery lawsuit - 7 hours 7 min ago
The Japan Times - Former Auburn assistant basketball coach Chuck Person avoids prison in bribery scandal - 5 hours 32 min ago

Danske Bank second-quarter pre-tax profit hit by costs, low interest rates
Reuters - 7 hours 17 min ago
Danske Bank's second-quarter pretax profit came in below expectations on Thursday hit by low interest rates and higher costs associated with compliance in the aftermath of a money-laundering scandal at its Estonian branch.
CNBC - NJ Gov. Murphy confident lawsuit against IRS over SALT tax deductions will succeed - 17 hours 7 min ago
New York Times - Senate Approves Tax Treaties for First Time in Decade - 19 hours 38 min ago
SCMP - Developer of some of Hong Kong’s smallest abodes may have sold at a loss just to clear the flats off its books to avoid vacancy tax - 21 hours 32 min ago
The Japan Times - U.S. House votes to repeal tax funding ‘Obamacare’ - 2 hours 31 min ago
Vox - Why the House plans to pass a bipartisan bill repealing a controversial Obamacare tax - 18 hours 32 min ago
CNBC Video - G7 finance ministers address a debate about digital tax in France - 7 hours 1 min ago

What Brexit could mean for the US economy
CNBC - 8 hours 27 min ago
Economists have predicted what Brexit means for the U.S. economy and its financial markets when (and if) the U.K. finally leaves the EU.
CNN - Britain's new Prime Minister will have only 30 days to get Brexit done - 9 hours 25 min ago
Indiatimes - No-deal Brexit looms as race for new British PM wraps up - 20 hours 2 min ago
BBC - Ferry companies warn of gridlock in no-deal Brexit - 21 hours 18 min ago
The Japan Times - No-deal Brexit looms as race for new British prime minister wraps up - 16 hours 32 min ago
MarketWatch - Bond Report: US Treasury, UK gilt yields slide on US data, increased risk of no-deal Brexit - 17 hours 39 min ago
The Guardian - Pound could fall to parity with dollar on hard Brexit concerns - 20 hours 6 min ago

IBM earnings lag as it tries to capitalize on cloud
CNN - 13 hours 59 min ago
Growth in IBM's cloud business appeared to be a bright spot in its earnings for the second quarter of fiscal 2019. It beat expectations on profit, posting earnings per share of $3.17. But its revenue was down 4.2% from the prior year to $19 billion, its fourth straight quarter of decline.
Reuters - Cloud growth fuels IBM profit beat - 14 hours 56 min ago
CNBC - IBM set to report earnings after the bell - 18 hours 2 min ago
24/7 Wall St. - Couldn’t IBM Have Said Something About Red Hat When It Reported Q2 Results? - 2 hours 6 min ago
MarketWatch - Earnings Results: IBM stock rises as earnings, cloud revenue beat Street view - 16 hours 35 min ago
CNBC Video - IBM reports EPS beat, revenues fall in line at $19.16 billion - 16 hours 33 min ago

Disney Calls Heiress’s Pay Criticism a ‘Gross and Unfair Exaggeration’
New York Times - 15 hours 8 min ago
Walt Disney’s grandniece Abigail Disney had said she was “livid” about the company’s pay practices after a visit to Disneyland last year.
CNN - 'The Lion King' hits familiar notes in adapting Disney classic - 16 hours 25 min ago
NY Post - Disney slams claims by family heiress about working conditions - 18 hours 42 min ago
TechCrunch - Spotify partners with Disney on a new streaming hub aimed at families - 21 hours 46 min ago
CNBC Video - Netflix is an overvalued company, Disney's going to win: Analyst - 5 hours 6 min ago

Microsoft says foreign hackers still actively targeting US political targets
CNN - 15 hours 10 min ago
Americans involved in the democratic process were heavily targeted by foreign government hackers in the past year, according to Microsoft.
Reuters - Microsoft, AT&T sign cloud deal worth more than $2 billion - 23 hours 1 min ago
MarketWatch - Earnings Watch: Earnings Watch: Why Microsoft is suddenly the most valuable company in Big Tech - 13 hours 30 min ago
TechCrunch - Microsoft has warned 10,000 victims of state-sponsored hacking - 16 hours 32 min ago
Vox - Microsoft says it notified nearly 10,000 customers that they were cyberattack victims - 16 hours 32 min ago
CNBC Video - Microsoft reports earnings tomorrow, here's how one options trader is playing the implied move - 15 hours 35 min ago

Facebook’s Cryptocurrency Faces Second Day of Critical Hearings
New York Times - 17 hours 5 min ago
Skeptical House committee members said Facebook’s Libra plans could be a threat to central banks and aid tax evaders and drug dealers.
Deutsche Welle - G7 nations to act against Facebook's 'Libra' cryptocurrency plan - 18 hours 31 min ago
Reuters - U.S. lawmakers challenge Facebook over Libra cryptocurrency plan - 21 hours 45 min ago
The Japan Times - Fear of Facebook’s Libra cryptocurrency initiative dominates discussion at tense G7 meeting in France - 4 hours 32 min ago
TechCrunch - Coinbase tells you if top holders are buying or selling a crypto asset - 14 hours 31 min ago
Zero Hedge - The Dollar, Not Crypto, Is A National Security Issue - 14 hours 57 min ago
BusinessInsider - A Michigan congressperson said Facebook's Libra cryptocurrency reminded him of a 'platypus' but then decided it was more like a traveler's check (FB) - 16 hours 49 min ago
Washington Post - Democrats call on Facebook to abandon Libra cryptocurrency - 18 hours 51 min ago
CNBC Video - Libra may be irrelevant by the time it gets the go ahead: CryptoOracle - 7 hours 26 min ago

Amazon under EU antitrust fire over use of merchant data
Indiatimes - 19 hours 2 min ago
In Washington, the US Federal Trade Commission is contemplating probes of Amazon and Facebook while the Justice Department is looking at Apple and Google.
Reuters - Explainer: What is the EU's antitrust investigation into Amazon about? - 20 hours 38 min ago
CNBC - Amazon is turning advertising into its next huge business — here's how - 22 hours 15 min ago
CNN - Amazon Prime Day was bigger than Black Friday and Cyber Monday — combined - 22 hours 56 min ago
Washington Post - After death of YouTube star, Amazon will push for e-scooter safety warnings in the U.K. - 2 hours 32 min ago
BusinessInsider - Uber just launched an Amazon-like feature that could help it cash in on millennials' mobile-shopping addiction (UBER) - 16 hours 38 min ago
Vox - Despite boycotts and protests, Amazon Prime Day was bigger than ever - 16 hours 52 min ago
Zero Hedge - Searches For "Canceling Amazon Prime" Soar 18X On Prime Day - 21 hours 27 min ago
24/7 Wall St. - Amazon Details Specific Items That Led Amazon Prime Day Sales - 22 hours 32 min ago
TechCrunch - Amazon sells over 175M items during Prime Day 2019, more than Black Friday & Cyber Monday combined - 22 hours 47 min ago
MarketWatch - On Amazon Prime Day, searches for eBay, Best Buy, Walmart and Target soared 255% - 23 hours 40 min ago
CNBC Video - Amazon Prime Day, Beyond Meat gets another believer and big spending on virtual goods - 17 hours 15 min ago
Reuters Video - Amazon appeases German watchdog, but EU opens new probe - 21 hours 59 min ago

International Monetary Fund sees dangers from trade tensions, overvalued dollar
Indiatimes - 23 hours 32 min ago
Trump has railed against European and Chinese policies that lead to what he calls devaluation of the euro and other currencies against the dollar.
The Japan Times - Dollar weakens to around ¥107.70 in Tokyo - 3 hours 32 min ago

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