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Financial News of the Day

 

U.S. Travel Industry Fears a ‘Lost Decade’ Under Trump

27-03-2017

U.S. Travel Industry Fears a ‘Lost Decade’ Under Trump

Like many Washington lobby groups, the U.S. Travel Association was quick to congratulate the new president on his victory last November. “We are encouraged that Mr. Trump’s extensive business and hospitality background … will make him a ready and receptive ear,” the trade organization said. On the Republican’s inauguration, the USTA’s... Read more

Sears has 'substantial doubt' that it can survive

22-03-2017

Sears has 'substantial doubt' that it can survive

Sears Holdings (SHLD), the holding company for the two iconic retail brands, warned investors late Tuesday that it can't promise it will stay in business. It included the language in its annual report while insisting it might still turn things around. "Our historical operating results indicate substantial doubt exists related to the... Read more

Fed on track to raise U.S. rates twice more this year: Evans

20-03-2017

Fed on track to raise U.S. rates twice more this year: Evans

The Federal Reserve is on track to raise interest rates twice more this year after a policy tightening last week, and it could be more or less aggressive depending on inflation and fiscal policies from the Trump administration, a Fed rate-setter said on Monday. The public comments from Chicago Fed President... Read more

General Motors Says It Will Rehire 500 Workers Targeted In Scheduled Layoffs

17-03-2017

General Motors Says It Will Rehire 500 Workers Targeted In Scheduled Layoffs

General Motors is slated to layoff 1,100 workers in May, but plans to rehire 500 of them next year. The auto giant said it is moving the production of the GMC Acadia mid-size SUV to Tennessee, which prompted the layoffs at the Lansing Delta Township plant in Michigan. The assembly... Read more

The Wall Street Journal: FDA OKs Genente…

28-03-2017

The Wall Street Journal: FDA OKs Genentech multiple-sclerosis drug Ocrevus

The Food and Drug Administration approved a multiple-sclerosis drug called Ocrevus, the first treatment for the most severe type of the disease, known as primary progressive MS.... Read more

The Wall Street Journal: Satellite image…

28-03-2017

The Wall Street Journal: Satellite images show North Korea may be planning nuclear test

SEOUL — North Korea may be preparing to test another nuclear device as President Donald Trump prepares to meet Chinese President Xi Jinping next month, in a summit that is expected to focus on containing... Read more

Your browser history can now be sold to …

28-03-2017

Your browser history can now be sold to advertisers without your consent

Corporate tracking of your online activity is about to get even more invasive. Internet service providers will soon be automatically able to collect information on browsing habits, health information, and other sensitive data from its... Read more

The Wall Street Journal: EU chastises U.…

28-03-2017

The Wall Street Journal: EU chastises U.S. for undermining climate-change fight

BRUSSELS — The European Union said President Donald Trump’s order reversing key clean-energy policies would eliminate the main pillar of U.S. efforts to fight climate change, undermining America’s leadership in a critical global effort.... Read more

Despite capital controls, China's 'Warre…

28-03-2017

Fosun International, one of China's largest conglomerates, is still pursuing acquisitions overseas, despite curbs on capital outflows by Chinese regulators.Speaking with CNBC's "Managing Asia" on the sidelines of Fosun's earnings announcement for 2016, Chairman Guo Guangchang said his company has enough offshore capital to meet... Read more

This company could be a big winner in th…

28-03-2017

Earlier in the week, JPMorgan's Apple analyst, Rod Hall, said the bank was more optimistic than the rest of Wall Street when it comes to the next iPhone. Hariharan said in the note that Hon Hai should also see some margin improvement in 2017 thanks... Read more

Rising tide of euroskepticism could forc…

28-03-2017

Rising tide of euroskepticism could force EU to adopt tough stance on Brexit

Christopher Furlong | Pool | ReutersBritish Prime Minister Theresa May signs the official letter to European Council President Donald Tusk invoking Article 50 and the United Kingdom's intention to leave the EU on March 28, 2017 in London.Indeed, a number of political parties in Europe... Read more

These three start-ups show why it's so h…

28-03-2017

When the founders of URB-E, or Urban Electric, were coming up with their foldable electric vehicle design in a garage, they decided they wanted to manufacture the product in America. The company is based in Pasadena, California, and some of the top aerospace companies are... Read more

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