Business News - The Last 24 Hours

Markets are on a 'sugar high,' billionaire hedge fund manager Marc Lasry says
CNBC - 40 min 9 sec ago
Marc Lasry, who supported Hillary Clinton, is cautiously optimistic about the Trump rally and beyond.
RELATED:
CNN - Trump sold stocks, but what about his hedge fund millions? - 16 hours 55 sec ago
CNBC - Surprise, surprise: Hedge funds have mostly missed out on the Trump rally - 21 hours 13 min ago
COMMENTARY:
NY Post - Ackman attempts to entice hedge fund execs to stay around - 8 hours 2 min ago
BusinessInsider - Here's the presentation David Einhorn just gave to a room of elite hedge fund managers - 18 hours 36 min ago



Exclusive: ECB rejects Monte Paschi's request for more time to raise capital - source
Reuters - 44 min 26 sec ago
(Reuters) - The European Central Bank has rejected a request by Monte dei Paschi di Siena for more time to raise capital, a source said on Friday, in a move that piles pressure on the Italian government to step in and rescue the ailing lender.
RELATED:
CNBC - Live: Watchful calm in global markets after ECB scales back bond buying - 7 hours 34 min ago
COMMENTARY:
Seeking Alpha - ECB Discovers Curves - 4 hours 17 min ago
The Guardian - ECB's Coeure says the central bank is ready do more if necessary - business live - 4 hours 32 min ago
FT Alphaville - FirstFT: ECB scales back QE, the Opec of the maple syrup industry and more - 5 hours 15 min ago
Fox Business - Asian shares mostly higher following ECB-inspired rally - 7 hours 19 min ago
WSJ Blogs - Brexit & Beyond: ECB To Cut Monthly Asset Buys, Eurozone Bonds Hit, Renzi Formally Quits - 9 hours 39 min ago
SCMP - ECB trims asset buying but promises more stimulus to bolster a fragile recovery - 18 hours 30 min ago
24/7 Wall St. - ECB Tapering of Quantitative Easing Outlined for 2017 - 20 hours 49 min ago
Zacks - Initial Claims, ECB and More - 22 hours 6 min ago
Zero Hedge - ECB Introduces Cash Collateral To Resolve Shortage Of Eligible Eurosystem Collateral - 22 hours 43 min ago
VIDEO:
CNBC Video - ECB becoming more discplinarian: BAML - 4 hours 34 min ago
Reuters Video - ECB's Draghi delivers double-edged QE tweak - 21 hours 51 min ago



Saudis order oil cuts to U.S., Europe ahead of non-OPEC talks
Reuters - 48 min 24 sec ago
SINGAPORE/TOKYO/DUBAI (Reuters) - Saudi Arabia has told its U.S. and European customers it will reduce oil deliveries from January as Russia signaled that a commitment from non-OPEC producers to join OPEC's output limits still faced challenges.
RELATED:
Reuters - Russia to hold additional talks before OPEC, non-OPEC meeting - 3 hours 12 min ago
China Daily - OPEC cut to affect upstream sectors - 7 hours 54 min ago
CNBC - Donald Trump revealed his plan for squeezing OPEC in 2008 - 14 hours 17 min ago
COMMENTARY:
Seeking Alpha - Energy Wars: USA 10, Canada 10, Mexico 8, Oz 7, Iran 3, OPEC And Russia 0 - 47 min 59 sec ago
BusinessInsider - OPEC countries 'tend to cheat' on deals to cut production - 11 hours 20 min ago
VIDEO:
CNBC Video - OPEC and non-OPEC meeting: Will they or won't they? - 9 hours 26 min ago



U.S. shares most attractive but recession may loom: Principal Global CEO
Reuters - 58 min ago
TOKYO (Reuters) - Principal Global Investors has upgraded its view on the U.S. economy and equities as it sees higher growth because of likely tax cuts and increased fiscal spending from the incoming U.S. administration, its chief executive officer said on Friday.
RELATED:
Reuters - Aixtron's CEO puts a positive light on blocked Chinese takeover - 5 hours 1 min ago
CNN - Tinder CEO steps down to head up dating-focused fund - 14 hours 20 min ago
AP - Fast-food CEO, Trump's pick for Labor, on racy fast-food ads - 14 hours 25 min ago
COMMENTARY:
Seeking Alpha - Zedge's (ZDGE) CEO Tom Arnoy on Q1 2017 Results - Earnings Call Transcript - 6 hours 18 min ago
Washington Post - Trump names Andrew Puzder, a fast-food CEO and critic of substantially raising the minimum wage, to head the Labor Department - 7 hours 30 min ago
WSJ Blogs - CEOs and CFO See Greater 2017 Risks Than Other Executives - 10 hours 49 min ago
TechCrunch - Sean Rad steps away from CEO role (again) to run Tinder’s new Swipe Ventures - 14 hours 54 min ago
BusinessInsider - Sean Rad steps down from Tinder CEO role, and launches 'Swipe Ventures' (MTCH) - 14 hours 55 min ago
Zacks - Twitter's Jack Dorsey "Intends" to Continue Dual CEO Roles - 15 hours 5 min ago
Zero Hedge - Portland "Orecrats" Target Income Inequality: Pass Massive 25% Tax On Corps With "Excessive CEO Pay" - 21 hours 33 min ago
SCMP - China Overseas Land appoints new CEO after abrupt departure of Hao Jianmin rattled investors - 23 hours 46 min ago
VIDEO:
CNBC Video - Weaker pound has helped fine wine sales: Vin-X CEO - 7 hours 3 min ago



BJP questions Rahul Gandhi's 'foolish' comment on demonetisation
Indiatimes - 1 hour 10 min ago
In a stinging attack on Congress over the Parliament logjam, Naidu asked, "Is it foolish to take action against black money and corruption which was encouraged by Congress and its friends all these years in power?"
RELATED:
Indiatimes - Demonetisation: Income Tax employee unions write to PM for facilities - 2 hours 46 min ago



Why IMF chief Christine Lagarde is going to court
CNN - 1 hour 24 min ago
Christine Lagarde, the head of the International Monetary Fund, will stand trial next week on charges that she was negligent in her handling of a fraud case dating back decades.
RELATED:
Reuters - IMF says retains confidence in Lagarde over French trial - 21 hours 48 min ago



Optimism on economy, stocks surges since Trump election: CNBC survey
CNBC - 1 hour 25 min ago
The new CNBC All-America Economic Survey shows respondents who believe the economy will get better in the next year jumped since Trump's win.
RELATED:
Indiatimes - Big business warns Trump against mass deportation - 5 hours 16 min ago
CNBC - Cramer Remix: Trump just changed the world forever - 12 hours 54 min ago
COMMENTARY:
Wall Street Pit - Why the Stock Market Likes Trump - 21 hours 51 min ago



China specifies major economic tasks for 2017
China Daily - 1 hour 54 min ago
BEIJING - The Communist Party of China (CPC) on Friday specified major tasks for the government's economic work in 2017, including to further advance the supply-side structural reform. The country should push forward reforms on key sectors, including the state-owned enterprises, fiscal and taxatio ...
RELATED:
China Daily - Key tasks for China's supply-side structural reform - 2 hours 54 min ago
COMMENTARY:
BusinessInsider - Inflationary pressures are stirring in China - 10 hours 6 min ago
VIDEO:
WSJ Video - Trump Says China Has to 'Play by the Rules' - 6 hours 15 min ago



Golf-European Tour Hong Kong Open scores
Indiatimes - 2 hours 15 min ago
GOLF-EUROPEAN/SCORES:Golf-European Tour Hong Kong Open scores
RELATED:
China Daily - China to waive capital gains tax for Shenzhen-Hong Kong Connect - 7 hours 54 min ago
CNBC - McDonald's aims to keep minority stake in China, Hong Kong stores, source says - 16 hours 1 min ago
COMMENTARY:
SCMP - Hong Kong braces for first interest rate hike in a year - 1 hour 51 min ago



Why Apple is investing in wind turbines in China
CNN - 2 hours 17 min ago
Apple's latest deal in China doesn't have anything to do with smartphones.
RELATED:
China Daily - Apple inks first wind power deal in China - 3 hours 24 min ago
CNBC - History shows that Apple could see a ‘surprise’ rally in 2017 - 18 hours 31 min ago
COMMENTARY:
Seeking Alpha - Is Apple Now The Wearables Leader? - 7 hours 33 min ago
Fox Business - 1 Big Risk to Apple Inc. Stock - 12 hours 16 min ago
BusinessInsider - Why Apple employees are all making the same 'Office Space' joke this week (AAPL) - 15 hours 59 min ago
TechCrunch - Apple Maps adds EV charging station data from ChargePoint - 16 hours 45 min ago



Clinton decries rise of fake news in Capitol speech
Indiatimes - 2 hours 22 min ago
WASHINGTON (AP) — Hillary Clinton decried the rise of fake news as an "epidemic" during a speech on Capitol Hill. Clinton addressed fake news during a speech for retiring Nevada Sen. Harry Reid at the Capitol Thursday.
RELATED:
Bloomberg - Clinton Says ‘Fake News’ Is Putting Americans’ Lives at Risk - 15 hours 32 min ago
CNBC - Sheryl Sandberg on Facebook and fake news: 'We don't think it swayed the election' - 23 hours 42 min ago
COMMENTARY:
LA Times - Without these ads, there wouldn't be money in fake news - 2 hours 25 min ago
BusinessInsider - What scientists can teach us about fake news and disinformation - 12 hours 42 min ago
Zero Hedge - Hillary Reemerges, Slams "Dangerous Epidemic" Of Fake News - 13 hours 23 min ago
Seeking Alpha - Fake News Will Boost The New York Times - 22 hours 59 min ago



Central bank injects more money to ease liquidity strain
China Daily - 2 hours 54 min ago
BEIJING - China's central bank continued to pump money into the financial system on Friday through open market operations. This marked the third consecutive day that the People's Bank of China has pumped funds into the market to ease a liquidity strain that has plagued the interbank market in recen ...
RELATED:
Reuters - Exclusive: Bangladesh panel finds insiders negligent in central bank heist - 21 hours 58 min ago
Indiatimes - European Central Bank adds half a trillion euros in stimulus - 23 hours 40 min ago
COMMENTARY:
The Big Picture - Trust in the Central Bank and Inflation Expectations - 3 hours 24 min ago



Trump rally; Banana takeover; Checking consumer confidence
CNN - 3 hours 7 min ago
1. Trump rally: U.S. stocks closed at record highs again on Thursday -- but will the rally continue?
RELATED:
China Daily - Consumer watchdog again asks Apple to rectify iPhone battery problem - 3 hours 24 min ago
COMMENTARY:
BusinessInsider - Consumers, businesses, and CEOs are all loving life since Trump's election — and that's great news for the economy - 17 hours 59 min ago
Seeking Alpha - Haverty Furniture Companies (HVT) presents at KeyBanc Capital Markets Consumer Conference - 20 hours 30 min ago
VIDEO:
CNBC Video - All-America Survey: Consumers plan to spend 4.4% more this holiday - 53 min 9 sec ago



Estate Tax Repeal Under Trump Would Benefit President, Cabinet
Bloomberg - 3 hours 25 min ago
President-elect Donald Trump, who won the hearts and minds of millions of working-class voters, may help deliver a multibillion-dollar bonanza to America’s wealthiest families.
RELATED:
Indiatimes - McDonald's moves non-US tax HQ to Britain from Luxembourg - 18 hours 30 min ago
CNBC - Chart shows exactly how Trump's tax plan could affect you - 18 hours 35 min ago
New York Times - Former French Official Convicted of Tax Fraud - 20 hours 2 min ago
Reuters - McDonald's to move international tax base to UK amid EU scrutiny - 21 hours 18 min ago
AP - The silver lining in a very bad day? Tax breaks! - 21 hours 25 min ago
BBC - McDonald's to move non-US tax base to UK - 23 hours 4 min ago
COMMENTARY:
Washington Post - Trump tax cuts: Will you get what you want? - 7 hours 30 min ago
Fox Business - Do I Have to Pay Estimated Taxes? - 12 hours 43 min ago
WSJ Blogs - Tax Math Could Explain Why Donald Trump Leases Plane From Himself - 13 hours 31 min ago
The Guardian - Feeling the heat from Brussels over tax? Then move to London - 17 hours 35 min ago
Seeking Alpha - The Trump Market Rally: Justified If Reaganesque Tax Reform But Not Bushie Tax Cuts - 17 hours 44 min ago



South Korea: the woman at the heart of President Park's impeachment
Euronews - 4 hours 30 min ago
Choi Soon-sil is the woman at the heart of the political scandal that has rocked South Korea and ensnared Park Geun-hye.
RELATED:
Indiatimes - South Korea's impeachment crisis: What happens now? - 5 hours 35 min ago
CNBC - South Korea parliament votes to impeach President Park Geun-hye: Reuters - 6 hours 13 min ago
COMMENTARY:
24/7 Wall St. - South Korea, World’s 11th Largest Economy, in Deep Trouble–Update - 3 hours 16 min ago
BusinessInsider - South Korea's parliament has voted to impeach President Park Geun-hye - 5 hours 51 min ago
LA Times - South Korean legislature votes to impeach President Park Geun-hye - 6 hours 15 min ago
WSJ Blogs - 5 Things About South Korea's Presidential Crisis - 21 hours 10 min ago
The Economist - South Korea’s chaebol bosses face parliament - 21 hours 30 min ago
VIDEO:
CNBC Video - South Korean President impeached - 3 hours 40 min ago



Macau authority lowers upper limit for ATM withdrawals per transaction
Reuters - 4 hours 42 min ago
HONG KONG (Reuters) - The Monetary Authority of Macao said on Friday it has lowered the upper limit for automated teller machines (ATMs) withdrawals to 5,000 patacas ($626.33) or Hong Kong dollars per transaction and clarified the daily withdrawal limit is still 10,000 yuan ($1,449.30) per day.
RELATED:
CNBC - Macau’s central bank to clarify policy after casino shares tumble - 9 hours 15 min ago
COMMENTARY:
BusinessInsider - China is about to hit Macau hard, and casino stocks are getting spanked - 17 hours 3 min ago
Zero Hedge - China's Latest Capital Control: A Crackdown On Macau ATM Cash Withdrawals - 17 hours 41 min ago



Oil extends gains on hopes for non-OPEC output cuts
Reuters - 5 hours 15 min ago
TOKYO (Reuters) - Oil prices extended gains for a second session running on Friday on optimism that non-OPEC producers would agree to cut output following a cartel agreement to limit production.
RELATED:
China Daily - Airlines to take hit from rising oil price - 7 hours 54 min ago
CNBC - Non-OPEC producers might not be scared enough to cut oil output - 21 hours 42 min ago
COMMENTARY:
Fox Business - Oil Gains on Hopes For Non-OPEC Output Cuts - 4 hours 33 min ago
Zero Hedge - What Has Gone Wrong With Oil Prices, Debt, & GDP Growth? - 14 hours 20 min ago
24/7 Wall St. - OPEC Oil Production Hits Record In November - 17 hours 7 min ago
Seeking Alpha - One Factor That Will Support Oil Prices In Long Term - 17 hours 10 min ago



South Korea's parliament has voted to impeach president Park Geun-hye over a corruption scandal, immediately suspending her powers
Euronews - 6 hours 1 min ago
Our journalists are working on this story and will update it as soon as more information becomes available.
RELATED:
Indiatimes - 70 per cent corporate employees say note ban will curb corruption: EY - 20 hours 49 min ago
COMMENTARY:
Zero Hedge - South Korea President Park Impeached In Corruption Scandal - 1 hour 26 min ago
WSJ Blogs - Corruption Currents: India Raids 50 Banks Amid Money Laundering Probe - 7 hours 36 sec ago



Japan ratifies Pacific trade pact that Trump plans to dump
AP - 6 hours 25 min ago
TOKYO (AP) -- Japanese Prime Minister Shinzo Abe won parliamentary approval Friday for ratification of the Trans-Pacific Partnership, despite U.S. President-elect Donald Trump's plan to withdraw from the 12-nation trade pact....
RELATED:
Indiatimes - Obama and Trump hurled insults, now trade pleasantries - 20 hours 36 min ago
CNBC - Founder of China's JD.com isn't worried about a potential US trade war - 21 hours 48 min ago
COMMENTARY:
Economist's View - Why Trade Deficits Matter - 13 hours 49 min ago



Microsoft plans to win VR race
China Daily - 10 hours 24 min ago
A visitor checks his mobile phone in front of a poster of a model wearing a Microsoft HoloLens augmented reality (AR) viewer at the Microsoft Developers Build Conference in San Francisco. [Photo/Agencies] Virtual reality applications in China now exceed those in the United Sta ...
RELATED:
New York Times - With LinkedIn, Microsoft Looks to Avoid Past Acquisition Busts - 23 hours 6 min ago
COMMENTARY:
BusinessInsider - Microsoft may have already bested Magic Leap, one of the most anticipated startups of 2017 (MSFT) - 12 hours 21 min ago
WSJ Blogs - The Morning Download: Microsoft Chip Pact with Qualcomm Expands Efforts in Mobile - 16 hours 19 min ago
TechCrunch - Microsoft’s virtual assistant Cortana gets a revamp on Android and iOS - 20 hours 55 min ago
Zacks - Microsoft Teams Up with Intel, Qualcomm to Make PCs Better - 22 hours 4 min ago



Trump's Labor secretary pick uses girls in bikinis to sell burgers
CNN - 11 hours 30 min ago
Nothing is more patriotic than a scantily-clad woman digging into a burger.
RELATED:
CNN - Trump's Labor secretary is no stranger to debate over jobs and robots - 14 hours 2 min ago
Bloomberg - Trump Said to Pick Andrew Puzder as Labor Secretary - 19 hours 20 min ago
CNBC - Trump expected to name fast food CEO Andy Puzder as pick for Labor secretary: Source - 21 hours 14 min ago
COMMENTARY:
LA Times - Carl's Jr. head is selected to be Trump's Labor secretary - 9 hours 56 min ago
The Guardian - Andrew Puzder criticized as 'cruel and baffling' choice for labor secretary - 15 hours 52 min ago
Zero Hedge - Trump To Name CEO Of Fast Food Restaurants As Labor Secretary - 20 hours 55 min ago
BusinessInsider - Yahoo anchor confronts Trump secretary of state candidate over Russian human-rights abuses - 22 hours 46 min ago
VIDEO:
CNBC Video - Trump picks fast-food CEO Andy Puzder for Labor secretary - 2 hours 11 min ago
CNN Video - New Labor Secretary approves this ad - 17 hours 15 min ago



Wall Street bulls sniff out Dow 20,000
CNBC - 14 hours 53 min ago
As the weekend approaches, the Dow celebrates another new high and traders are afraid to get in the way of a steamroller market.
RELATED:
BBC - Wall Street sets fresh record highs - 16 hours 12 min ago
CNBC - The 'Trump honeymoon' on Wall Street could last longer than you think - 17 hours 3 min ago
New York Times - Wall Street Hits New High as Post-Election Rally Roars Ahead - 22 hours 21 min ago
COMMENTARY:
Seeking Alpha - Wall Street Breakfast: South Korea Opens New Chapter Of Uncertainty - 1 hour 24 min ago
Washington Post - Why Wall Street still isn't taking Donald Trump seriously - 1 hour 54 min ago
Zacks - Stock Market Roundup Dec. 8: Wall Street Hits 13th Record Close Since Election - 15 hours 13 min ago
BusinessInsider - Bond investors shouldn't 'drink the Kool-Aid' that Wall Street's selling (TLT, TBT) - 17 hours 34 min ago
Zero Hedge - Wall Street Responds To Mario Draghi's "Big Shock" - 23 hours 46 min ago
VIDEO:
Reuters Video - Wall Street again marks new highs in post-election run - 15 hours 11 min ago



Carrier factory union chief standing ground against Trump
Indiatimes - 15 hours 14 min ago
INDIANAPOLIS (AP) — A local union president slammed by Donald Trump on Twitter stood his ground Thursday, maintaining the president-elect gave false hope to hundreds of workers by inflating the number of jobs being saved at a Carrier Corp. factory in Indianapolis.
RELATED:
CNN - Carrier to ultimately cut some of jobs Trump saved - 16 hours 11 min ago
Indiatimes - Union president Jones challenges Trump on Carrier - 19 hours 32 min ago
COMMENTARY:
LA Times - In Iowa, Trump signals more Carrier-style deals coming - 9 hours 55 min ago
Zero Hedge - Carrier & The Broken Window Narrative - 11 hours 50 min ago
Seeking Alpha - Carrier And The Broken Window Narrative - 15 hours 41 min ago
BusinessInsider - Carrier worker: It's 'crazy' we have a president-elect going after private citizens on Twitter - 21 hours 38 min ago



A fish that adapts quickly to lethal levels of pollution
CNBC - 17 hours 22 min ago
A fish that has adapted to lethal pollution levels may give clues about which genes provide resilience to pollution.
RELATED:
Indiatimes - NGT flags lack of universally acceptable data on drains polluting Ganga - 21 hours 41 min ago
COMMENTARY:
BusinessInsider - Paris just made all public transportation free to decrease some of the worst air pollution it's had in a decade - 19 hours 57 min ago



SEC enforcement director Ceresney to depart at the end of 2016
CNBC - 17 hours 24 min ago
Until a permanent new director is appointed, Deputy Director Stephanie Avakian will preside over the division.
RELATED:
Reuters - U.S. SEC enforcement director Ceresney to depart at the end of 2016 - 17 hours 46 min ago
CNBC - SEC's Mary Jo White says it's a mistake to weaken post-crisis financial reforms - 20 hours 53 min ago
COMMENTARY:
NY Post - SEC enforcement chief Andrew Ceresney to retire - 7 hours 48 min ago



Pope prays for unemployed on Catholic feast day
Euronews - 18 hours 56 min ago
In the Eternal City, some things change.
RELATED:
AP - Claims for US unemployment aid slide again - 22 hours 25 min ago
Indiatimes - Americans filing for unemployment benefits decline from five-month high - 22 hours 33 min ago
COMMENTARY:
Seeking Alpha - Weekly Unemployment Claims: Down 10K, Matching Consensus Expectations - 7 hours 14 min ago



US jobless claims drop from five-month high
Indiatimes - 22 hours 41 min ago
Initial claims for state unemployment benefits dropped 10,000 to a seasonally adjusted 258,000 for the week ended Dec. 3, the Labor Department said on Thursday.
COMMENTARY:
Seeking Alpha - Full Employment Achieved! Jobs For Everyone Except For The Jobless - 16 hours 22 min ago
Morningstar - U.S. Stocks Higher Amid Low Jobless Claims - 21 hours 10 min ago



U.S. jobless claims decline from five-month high
Reuters - 23 hours 52 min ago
WASHINGTON, (Reuters) - The number of Americans filing for unemployment benefits fell from a five-month high last week, pointing to labor strength that underscores the economy's sustained momentum.
RELATED:
CNBC - US jobless claims decline from five-month high, matching estimates - 23 hours 55 min ago
COMMENTARY:
The Guardian - Amazon Go means more than just job losses, it will restructure the economy - 10 hours 34 min ago
Zero Hedge - Leonardo DiCaprio Meets With Trump To Discuss Creation Of "Millions Of Green Jobs" - 21 hours 53 min ago
BusinessInsider - Initial jobless claims fall by 10,000 - 23 hours 55 min ago



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