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29m Updated U.S. plan to sell oil reserves undermines OPEC supply management efforts
Reuters
SINGAPORE (Reuters) - U.S. President Donald Trump's proposal to sell half of the United States' strategic oil reserve surprised energy markets on Tuesday since it counters OPEC's efforts to control supply in order to boost prices.
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Financial News Online

Currencies in USD
GBP 1,30 +0,077%
EUR 1,12 +0,534%
CHF 1,03 +0,583%
34m China to open more sectors to foreign investors
Reuters
BEIJING (Reuters) - China will further open its economy to foreign investors, through measures such as allowing investment in more industries, such as services, state television said on Tuesday, citing a reform group meeting chaired by President Xi Jinping.
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His life got weird after saving the Internet: ransomware hero Marcus Hutchins40m His life got weird after saving the Internet: ransomware hero Marcus Hutchins
USA Today
British tabloid reporters called his friends, staked out his house and generally harassed the 22-year cybersecurity expert.
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40m These people are in limbo as future of loan forgiveness program remains uncertain
Market Watch
Recent reports suggest the Trump administration will push to get rid of loan forgiveness.
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42m Why European Companies Could Really Miss London
The Wall Street Journal
Most industries need access to raw materials: In finance and markets that raw material is savings.
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43m Most sunscreen products don’t actually work
Market Watch
Watch out for overly high (or low) SPF values and read the list of ingredients closely.
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44m Updated The Ratings Game: Why Apple could surpass $1 trillion in market cap within 18 months
Market Watch
Apple Inc. could easily become a $1 trillion company in the next year to 18 months, based on expected strong demand for the coming iPhone 8 and continued massive share repurchases, according to an analysis by RBC Capital.
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48m Updated MarketWatch First Take: Intel and AMD license rumors should finally be dead
Market Watch
Advanced Micro Devices Inc. stock continued on a volatile path Monday, as Chief Executive Lisa Su did her best to shoot down a rumor that just won’t seem to die.
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50m Updated Here’s how much Ford stock lost under Mark Fields
Market Watch
Ford announces CEO change as it tries to plan for the future of automobiles.
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51m Updated 15 years after IPO, Netflix has changed drastically—and is worth nearly 22,000% more
Market Watch
Netflix Inc. was a $300 million e-commerce startup when it became a public company 15 years ago. and is now a $68 billion streaming pioneer, delivering a billion hours a week of video around the world. The path wan’t easy, and it seems far from complete.
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53m Updated CEOs of Target, ADM to square off on U.S. border tax at hearing
Reuters
WASHINGTON (Reuters) - The chief executive officers of two major American companies - retailer Target Corp and agribusiness Archer Daniels Midland Co - will offer countering views in a hearing before U.S. lawmakers on Tuesday on a proposed border adjustment tax.
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55m Updated Straight-shooting execs on earnings calls boost trading volume for their stocks
Market Watch
The stocks of companies led by executives who use vague language on earnings call move far less than companies with straight-talking executives, according to a NBER paper published Monday.
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59m Updated Futures Movers: Oil pulls back from 1-mo. high after Trump budget proposal includes selling some U.S. stockpiles
Market Watch
Oil prices eased Tuesday after finishing Monday at their highest settlement in about a month, with President Trump’s plan to sell some U.S. crude stockpiles as part of his broader budget proposal driving the futures market lower.
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1h 9m As Syngenta deal closes, ChemChina and Sinochem press $120 billion deal: sources
Reuters
HONG KONG/BEIJING (Reuters) - Chinese state-owned Sinochem and ChemChina are in merger talks to create the world's biggest industrial chemicals firm, to be headed by Sinochem chief Ning Gaoning, four people with knowledge of the negotiations said.
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1h 11m Need to Know: Here’s why the recent rout for stocks is only emboldening the bulls
Market Watch
It’s been nearly a week since stocks took a deep tumble on U.S. political worries. Our call of the day, says this is why that pullback should embolden you, not frighten you away from this market.
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1h 13m BHP hires Barclays to divest U.S. shale gas assets: sources
Reuters
LONDON (Reuters) - BHP has hired Barclays to divest its U.S. Fayetteville shale gas assets as the miner seeks to fend off an attack by activist funds, two sources close to the matter said on Tuesday.
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1h 14m Updated Death toll rises to 22 in suspected suicide bombing in Manchester
Market Watch
At least 22 people, including children, have died in an explosion outside a concert in Manchester, England, which police believe was a suicide bombing attack.
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1h 23m Noble Has One Option Left
The Wall Street Journal
The battered commodities trader may soon have no choice but to restructure its debts.
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Frugal retirees ditch 4% rule, hoard savings instead1h 31m Frugal retirees ditch 4% rule, hoard savings instead
USA Today
Retirees may be overly pessimistic about their future financial health and that may lead them to spend less than they could otherwise, according to a new study.
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1h 38m : Trump blasts ‘evil losers’ — reactions to the suspected suicide bombing in Manchester
Market Watch
Reactions are pouring out from around the world in the wake of the deadly, suspected suicide bombing late Monday in Manchester, England.
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1h 40m OPEC set to prolong oil cuts as delegates predict smooth meeting
Reuters
VIENNA (Reuters) - OPEC will likely agree to extend production cuts for another nine months, delegates said on Tuesday as the oil producer group meets this week to debate how to tackle a global glut of crude.
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1h 56m French VW probe identifies 22.78 billion euros in diesel sales: paper
Reuters
PARIS (Reuters) - France's consumer fraud watchdog believes Volkswagen made 22.78 billion euros ($25.65 billion) in sale proceeds on cars sold in the country with illegal defeat devices, Le Monde reported on Tuesday.
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2h Updated Trump seeks to slash government spending in budget plan
Reuters
WASHINGTON (Reuters) - The White House on Tuesday will ask Republicans who control the U.S. Congress - and federal purse strings - to slash spending on healthcare and food assistance programs for the poor as they push ahead on plans to cut taxes and trim the deficit.
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2h Buoyant data bolsters euro rally, shares climb
Reuters
LONDON (Reuters) - The euro set a new six-month month high on Tuesday and the region's shares made gains as the latest economic data made for some encouraging reading, especially in Germany.
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2h Europe Markets: European stocks rise as eurozone economic activity hovers at 6-year high
Market Watch
European stocks rise Tuesday, with French shares among biggest advancers as eurozone economic activity remains at a six-year high.
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Some of the winners and losers in the Trump budget2h Updated Some of the winners and losers in the Trump budget
USA Today
The Defense Department's budget will increase $574 billion. Video provided by TheStreet
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3h Deep Dive: At these three restaurant companies, the stock is the main course
Market Watch
Unlike 54 competitors, they have increased sales per share by double digits while improving profit margins.
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3h : How to stop being your own worst enemy in the stock market
Market Watch
6 ways to fight back against emotional impulses that hurt your investment portfolio.
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3h ‘Sell in May and go away’ is turning out to be the right call for stocks
Market Watch
U.S. equities have faltered this month, and the chances for a decline through October are increasing.
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3h Mark Hulbert: New CEO is Ford’s Hail Mary pass
Market Watch
Change at the top usually can’t rescue a struggling company, writes Mark Hulbert.
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3h 5 ways to help a friend or family member with dementia
Market Watch
There’s a lot that can be done to break negative and avoidant behaviors that impede quality of life for those with dementia.
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3h Credit card bonuses get bigger and more tempting, but tougher to earn
Market Watch
Credit card sign-up bonuses are soaring to new heights. It’s easy to find valuable offers, but hard to earn them.
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3h Apple and Nokia settle patent dispute and sign new deal
Reuters
HELSINKI (Reuters) - Nokia has settled its legal battle with Apple with a new patent license agreement and also signed a business deal with the U.S. giant, surprising investors who had expected the dispute to drag on.
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3h Now you can buy your own, low-cost unemployment insurance
Market Watch
An innovative insurance company is offering coverage if you lose your job, get divorced, or face unforeseen car or home expenses.
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3h Market Snapshot: U.S. stocks set for 4th straight day of gains ahead of Fed speakers, flash PMIs
Market Watch
U.S. stocks head for a fourth straight session of gains on Tuesday, with futures creeping higher ahead of a round Federal Reserve speakers and readings on the manufacturing and services sectors in May.
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3h 6 questions for savers and bond investors
Market Watch
The Federal Reserve is raising interest rates, and there are several questions that savers and bond investors would like answered.
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4h Apple in talks to expand India production capacity: minister
Reuters
NEW DELHI (Reuters) - Apple Inc wants to expand its contract manufacturer's facility in the southern Indian tech hub of Bengaluru, a federal minister said on Tuesday, as the iPhone maker seeks a bigger share in one of the world's biggest smartphone markets.
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4h London Markets: Cautious start to trade in U.K. stocks after suspected terror attack in Manchester
Market Watch
U.K. stocks held to thin gains Tuesday, with a cautious start to trade in the wake of a deadly, suspected terrorist attack in Manchester.
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4h Updated Nokia settles patent dispute with Apple
Reuters
HELSINKI (Reuters) - Nokia has settled its patent dispute with Apple and signed a business collaboration deal with the U.S. giant, the Finnish firm said on Tuesday, sending its shares sharply higher.
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4h Updated Trump sees to slash government spending in budget plan
Reuters
WASHINGTON (Reuters) - The White House on Tuesday will ask Republicans who control the U.S. Congress - and federal purse strings - to slash spending on healthcare and food assistance programs for the poor as they push ahead on plans to cut taxes and trim the deficit.
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5h Trial over RBS 2008 cash call faces further delay amid settlement talks
Reuters
LONDON (Reuters) - A trial in which Royal Bank of Scotland is accused by investors of misleading them over its 2008 fundraising is set to be delayed for a second day, as frantic settlement talks between the claimants and the bank continued in London on Tuesday.
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5h GM to cut 600 South Africa jobs by July as it pulls out of country
Reuters
CAPE TOWN (Reuters) - South Africa's top manufacturing union NUMSA said late Monday that 600 workers out of 1,500 at General Motors SA will lose their jobs by July after a decision last week by the car maker to sell its local operations.
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5h Wavering risk appetite after Manchester blast weighs on sterling, Asia stocks, lifts yen
Reuters
SINGAPORE (Reuters) - Sterling slipped on Tuesday after a suspected suicide attack killed at least 22 people and wounded 59 at a pop concert in the English city of Manchester, while the euro held gains made after German Chancellor Angela Merkel said it was "too weak".
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5h Cathay Pacific denies report of additional 200 redundancies
CNBC
Cathay Pacific denied a report it is retrenching another 200 employees, in addition to the 600 cuts it announced earlier.
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5h Updated Oil prices fall as White House proposes U.S. oil reserve sales
Reuters
SINGAPORE (Reuters) - Oil prices fell on Tuesday after U.S. President Donald Trump proposed the sale of half the country's strategic oil reserves, even as producer club OPEC and its allies cut output to tighten the market.
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6h Sterling slips after Manchester blast, euro steady, stocks advance
Reuters
SINGAPORE (Reuters) - Sterling slipped on Tuesday after a suspected suicide attack killed at least 19 people and wounded 59 at a pop concert in the English city of Manchester, while the euro held gains made after German Chancellor Angela Merkel said it was "too weak".
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7h The Wall Street Journal: Euro zone ministers, Greece fail to reach bailout deal
Market Watch
By the end of the meeting, the ministers did little more than acknowledge the progress Greece has made in meeting the conditions required to receive a fresh installment of bailout funds.
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7h Exclusive: U.S., Japanese firms collaborating on new missile defense radars - sources
Reuters
TOKYO (Reuters) - Raytheon Co and Lockheed Martin Corp are working with Japanese partners on rival projects to develop new radars that will enhance Japan's shield against any North Korean missile strike, government and defense industry sources in Tokyo told Reuters.
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8h Most sunscreen products don’t actually do what they claim
Market Watch
Watch out for overly high (or low) SPF values and read the list of ingredients closely.
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8h Sterling retreats after Manchester blast, euro steady, stocks advance
Reuters
SINGAPORE (Reuters) - Sterling extended losses on Tuesday after a suspected terrorist attack killed at least 19 people and wounded 50 at a pop concert in the English city of Manchester, while the euro held gains made after German Chancellor Angela Merkel said the currency was "too weak".
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9h Updated 19 killed, at least 50 injured in explosion at Ariana Grande concert in Manchester, England
Market Watch
Police in Manchester, England, confirmed that 19 people had died and at least 50 more had been injured following what reports from the scene said was an explosion at the Manchester Arena, where an Ariana Grande concert had just concluded late Monday night.
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9h Pound sags vs yen after Manchester blast, euro at six-month highs
Reuters
TOKYO (Reuters) - The pound slipped against the yen after a suspected terrorist attack at a concert in Britain's city of Manchester, while the euro hovered near a six-month high against the dollar on Tuesday after German Chancellor Angela Merkel said the currency was "too weak."
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10h Sterling retreats after Manchester blast, opinion polls, stocks mixed
Reuters
SINGAPORE (Reuters) - Sterling extended losses on Tuesday after a suspected terrorist attack killed at least 19 people and wounded 50 at a pop concert in Manchester, while the euro held gains made after German Chancellor Angela Merkel said the currency was "too weak."
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10h Additional 200 Cathay Pacific staff face the sack
CNBC
Cathay Pacific Airways is not done with its staff restructuring and will retrench 800 employees.
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11h Updated Ford names Hackett as CEO to tackle car rivals, Silicon Valley
Reuters
WASHINGTON/DEARBORN, Mich. (Reuters) - Ford Motor Co abruptly named James Hackett as chief executive on Monday, responding to investors' growing unease about the U.S. automaker's slumping stock price and its ability to counter threats from longtime rivals and Silicon Valley.
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11h Trump budget plan slashes food stamps, healthcare for poor
Reuters
WASHINGTON (Reuters) - The White House is set to deliver President Donald Trump's first full budget to lawmakers on Tuesday, a plan that would slash funding for healthcare and food assistance programs for the poor while it trims the deficit.
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11h Capitol Report: Trump’s budget takes aim at illegal immigrants by limiting tax credits
Market Watch
President Donald Trump’s budget proposal will limit eligibility for two tax credits, Office of Management and Budget Director Mick Mulvaney told reporters on Monday, as the administration attempts to convince Congress to overhaul programs benefitting poorer Americans.
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11h Trump budget forecasts rosy economic growth
Market Watch
The first full budget laid out by the Trump administration assumes their policies will kickstart an era of 3% growth.
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11h Capitol Report: More than $2 trillion in savings to come from economic growth: Trump budget
Market Watch
President Donald Trump’s budget estimates about $2 trillion in savings will result under the 3% economic growth assumed in the proposal, an ambitious target analysts say would be hard to achieve.
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11h Sterling retreats after Manchester blast, stocks steady
Reuters
SINGAPORE (Reuters) - Sterling extended losses after British police said they were treating an explosion in Manchester as a possible terrorist attack, while the euro retained gains made on comments by German Chancellor Angela Merkel that the common currency was "too weak."
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11h Euro near six-month highs, pound sags vs. yen after Manchester blast
Reuters
TOKYO (Reuters) - The euro hovered near a six-month high against the dollar on Tuesday after German Chancellor Angela Merkel said the currency was "too weak," while the pound sagged against the yen after a blast at a concert in Britain's city of Manchester killed at least 19 people.
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11h Updated Exclusive: North American carmakers want rules of origin in NAFTA left untouched - Mexico lobby
Reuters
MEXICO CITY (Reuters) - The auto industries of the United States, Canada and Mexico agree there should be no changes to rules of origin in the North American Free Trade Agreement (NAFTA), the president of the Mexican automakers' association said on Monday.
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11h Oil firm on expected cut extension, but economic slowdown weighs
Reuters
SINGAPORE (Reuters) - Oil prices were firm on Tuesday on the expectation that an OPEC-led production cut would be extended to next March, but analysts said economic slowdown was clouding the mid-term outlook for crude markets.
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12h Volkswagen CEO says enforcing culture change poses challenges
Reuters
HANOVER, Germany (Reuters) - Volkswagen's top executive said some managers are resisting the German carmaker's push for a new era of accountability after its emissions fraud, suggesting it could still take years to establish a new corporate culture.
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12h Euro zone ministers eye Greek debt deal with IMF, new loans decision in June
Reuters
BRUSSELS (Reuters) - Euro zone finance ministers failed to agree on debt relief for Greece with the International Monetary Fund on Monday and did not release new loans to Athens, but came close enough in talks to aim for both deals at their next meeting in three weeks.
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12h Agather on Lure of ESG ETFs for Institutional Investors (Audio)
Bloomberg
(Bloomberg) -- Rolf Agather, managing director of research, North America for FTSE Russell, says their latest survey shows most asset managers are applying environmental, social and governance (or ESG) considerations when choosing an ETF to mitigate risk. This is a daily ETF podcast from Bloomberg’s Catherine Cowdery.
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13h Updated This social network ranks as the worst for young people’s mental health
Market Watch
Constantly browsing other people’s fabulous lives online may exacerbate anxiety and depression.
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13h Exclusive: North American carmakers want rules of origin untouched - Mexico lobby
Reuters
MEXICO CITY (Reuters) - The auto industries of the United States, Canada and Mexico agree there should be no changes to rules of origin in the North American Free Trade Agreement (NAFTA), the president of the Mexican automakers' association said on Monday.
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13h Feeling powerless in Trumpland? Here’s what you can do
Market Watch
There will be more chaos and scandals, but we Americans — to say nothing of Republicans — don’t need to be passive observers.
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Ford replaces CEO Mark Fields with Jim Hackett, known for bold changes13h Updated Ford replaces CEO Mark Fields with Jim Hackett, known for bold changes
USA Today
The company's board grew impatient at Ford's lagging stock price.
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Bitcoin hits record $2,000 — and rising13h Updated Bitcoin hits record $2,000 — and rising
USA Today
Inflation worries and more global acceptance offset setbacks like a proposed ETF.
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What a potential T-Mobile-Sprint merger means for you14h Updated What a potential T-Mobile-Sprint merger means for you
USA Today
Here's how a deal between the third and fourth-largest carrier could affect cell-phone users and prices
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14h The Wall Street Journal: Flynn may have ‘lied’ about Russian payments in security review, House Democrat says
Market Watch
Former national security adviser told investigators he received no foreign money, despite being paid by a Russian state-funded TV network, Democratic lawmaker says.
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14h Market Extra: Bitcoin’s rise: $1,000 invested in 2010 would be worth $35 million today
Market Watch
The price of a single bitcoin was surging past 2,100 on Monday, as some bulls mused about how much investors could have made with early stakes in the digital currency—while others warn about how much could still be lost.
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14h The lower your self-esteem, the flashier your credit card
Market Watch
New research says platinum credit cards are more popular than those with identical benefits.
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14h Updated Wall Street ends up; defense, tech stocks a boost
Reuters
NEW YORK (Reuters) - U.S. stocks rose on Monday, boosted by technology shares and by defense companies, which gained after the United States and Saudi Arabia signed a multi-billion dollar arms deal.
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14h The Tell: Why a buy-the-dip stock-market strategy is inferior to buy-and-hold
Market Watch
Buying stocks right after they pulled back to earn extra return then switching to cash to wait for another pullback sounds like a good strategy. After all, buying low, selling high is what we are told we should do
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14h After-hours buzz: H, A, CWH & TTWO
CNBC
These are the stocks posting moves after the bell.
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14h Is the pullback in the U.S. stock market over?
Market Watch
We should be receiving signals early this week, says Avi Gilburt.
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14h Boeing wins $1.09 billion U.S. defense contract: Pentagon
Reuters
WASHINGTON (Reuters) - Boeing Co was awarded a $1.09 billion undefinitized modification to a previously awarded contract for the procurement of Redesigned Kill Vehicle development, the Pentagon said in a statement on Monday.
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15h The Wall Street Journal: Citi settles with government over money laundering probe tied to Banamex unit
Market Watch
Citigroup Inc. has agreed to pay less than $100 million to settle a yearslong money laundering investigation, the bank and government agencies announced Monday.
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Trump to grant student loan servicing work to just one company15h Updated Trump to grant student loan servicing work to just one company
USA Today
The Department of Education will hand over the work of servicing federal student loans to one company from the current nine.
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15h Updated Market Extra: The ‘Trump bump’ is dead, this economic indicator is telling us
Market Watch
The Treasury yield curve fell below 100 basis points for the time in seven months after the controversy over the White House
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15h Do Zillow ‘Zestimates’ mislead home buyers? Illinois lawsuit claims yes
Market Watch
Suburban-Chicago home builders filed legal action last week against real estate-marketing firm Zillow, whose property value approximations are misleading would-be home buyers with lowball figures that have stalled sales, the suit claims. But Zillow argues it’s never claimed to be an appraiser.
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15h Updated Here are all of the things millennials have been accused of killing...
Market Watch
Movies, focus groups and even churchgoing are some of the things on the list.
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15h Updated The surprising debts that are holding many Americans back
Market Watch
Credit card debt and student loans aren’t the only culprits
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15h NewsWatch: The surprising debts that are holding many Americans back
Market Watch
Credit card debt and student loans aren’t the only culprits
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15h In One Chart: Stash cash to buy the dip? This chart shows that’s an ‘abysmal’ strategy
Market Watch
Did that recent rough patch have you licking your lips over the “buy the dip” potential? If it did then you probably came away with a nice payday. Fun when it works like that. Of course, it doesn’t always.
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15h Bond Report: Treasury yields edge up amid flurry of Fed speakers
Market Watch
Treasury yields rose as investors watched the raft of Fed speakers to see if the U.S. central bank would stay on track to hike rates amid tepid first quarter economic numbers.
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15h Bitcoin jumps $200 in single day and has nearly doubled in May on surging global demand
CNBC
Bitcoin added more than $200 Monday as major U.S. financial institutions warmed to the digital currency.
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What to do when you hate your job15h Updated What to do when you hate your job
USA Today
Don't let emotion be your guide even though it's tempting to do so.
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Sweden puts entire country up on Airbnb15h Sweden puts entire country up on Airbnb
USA Today
The tongue-in-cheek listing is a nod to Sweden's long-time "Right to Roam" laws.
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15h Market Snapshot: U.S. stocks close higher as tech, industrials lead the way
Market Watch
U.S. stocks close higher Monday for a third session of gains, recovering most of last week’s sharp loss as tech and industrial stocks rally in a lighter-than-usual volume day.
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The #1 affordable robot vacuum on Amazon is on sale16h Updated The #1 affordable robot vacuum on Amazon is on sale
USA Today
The Eufy RoboVac 11 is the best robot vacuum under $300, and i t's on sale this Monday, May 22, only.
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16h Trump Today: Trump Today: President makes bid to revive Mideast peace process
Market Watch
On the first of a a two-day visit to Israel, President Donald Trump on Monday used his meetings with Israeli Prime Minister Benjamin Netanyahu to try to revive negotiations between Israelis and the Palestinians as he defended comments he made during a visit from Russian officials.
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16h Updated Deep Dive: These ‘Dividend Aristocrat’ stocks rack up double-digit sales growth
Market Watch
Not only do the companies reward shareholders with income, but they also tend to dominate within their own industries.
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16h Updated Six energy companies profiting from Trump’s mega-deals with Saudi Arabia
Market Watch
Not all of them, however, are investment worthy, writes Nigam Arora.
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16h Market Extra: How to make money as a ‘disenchanted’ middle class shifts the political landscape
Market Watch
Populism is reshaping politics — here’s how Credit Suisse says you can make money from that and four other “supertrends” expected to emerge within the next decade.
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Beware of tech-support scams16h Updated Beware of tech-support scams
USA Today
Here's what to guard against, and what to do if scammed.
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Number of harassment and discrimination suits against Fox continues to grow16h Updated Number of harassment and discrimination suits against Fox continues to grow
USA Today
The number of harassment suits filed against Fox News continues to grow.
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16h Key Words: Nassim ‘Black Swan’ Taleb says the future will be ‘a libertarian’s dream’
Market Watch
He may be pessimistic when it comes to the perilous state of financial markets, but Nassim Taleb, hedge-fund adviser and noted author of “The Black Swan,” says he’s quite optimistic about the future overall.
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17h Wall Street gains as defense, tech stocks rise
Reuters
(Reuters) - U.S. stocks rose on Monday, boosted by technology shares and by defense companies, which rose after the United States and Saudi Arabia signed a multi-billion dollar arms deal.
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Volkswagen is selling diesel cars -- but not for long17h Updated Volkswagen is selling diesel cars -- but not for long
USA Today
But the German brand's signature offerings won't be around too much longer.
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17h Updated Another reason workers are so stressed? The slow death of Summer Fridays
Market Watch
Perks like extra vacation and shorter days can help reduce employee stress and improve productivity.
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17h Older Americans might be on their own if Trump’s budget proposal goes through
Market Watch
Budget cuts to the program for low-income, older and disabled Americans means less assistance programs and more planning
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Tech tricks that make running your business a breeze17h Updated Tech tricks that make running your business a breeze
USA Today
For years, Katie Bush, owner of the Louisville, Kentucky-based branding and marketing firm KBD, would fly to the Silicon Valley area every other week to meet with her tech sector-based clients—and grew weary of packing the same clothes for each trip.
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Ford CEO Mark Fields is ousted, replaced by ex-Steelcase CEO Jim Hackett17h Updated Ford CEO Mark Fields is ousted, replaced by ex-Steelcase CEO Jim Hackett
USA Today
The company's board grew impatient at Ford's lagging stock price.
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17h Futures Movers: Oil ends at one-month high as traders bet on extension of output deal into early 2018
Market Watch
Bull markets remain in charge for oil as the week starts, and expectations grew for an extension to the OPEC-led production cut deal into the first quarter of next year.
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Free up cash: 3 reasons to pay off your mortgage early17h Updated Free up cash: 3 reasons to pay off your mortgage early
USA Today
Accelerating a mortgage isn't easy, but it can be done. Here are a few good reasons to make the effort.
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Make fruit-infused water at home with this Amazon lightning deal17h Updated Make fruit-infused water at home with this Amazon lightning deal
USA Today
Amazon’s lightning deal on this infuser water bottle is the perfect reason to try making your own infused water.
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17h Updated Ford names James Hackett CEO to shake up operations
Reuters
WASHINGTON/DEARBORN, Mich. (Reuters) - Ford Motor Co on Monday named James Hackett as chief executive officer, responding to investors' unease about the U.S. automaker's stock price and ability to withstand threats from longtime industry rivals and Silicon Valley.
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17h Updated Currencies: Euro climbs to 6-month high after Merkel says ECB made it ‘too weak’
Market Watch
The euro rose against the dollar on the back of comments by German Chancelor Angela Merkel, who blamed the European Central Bank policies for making the single currency “too weak.”
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Selling a home? Watch out for these 7 hidden costs17h Updated Selling a home? Watch out for these 7 hidden costs
USA Today
Homeowners shell out an average $15,190 nationwide in the course of offloading a house, according to Zillow and Thumbtack.
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18h Capitol Report: Why Trump’s Nafta gamble is unlikely to bring back many blue-collar jobs
Market Watch
Even if Donald Trump succeeds in improving what he calls the “worst trade deal” in U.S. history, the president’s effort to revamp the North American Free Trade Agreement won’t lead to a flood of new manufacturing jobs.
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18h These public servants are in limbo as future of loan forgiveness program remains uncertain
Market Watch
Recent reports suggest the Trump administration will push to get rid of loan forgiveness.
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18h Metals Stocks: Gold prices tally highest settlement in 3 weeks
Market Watch
Gold rose on Monday, add to the largest weekly gain since mid-April, as declines in the U.S. dollar index send prices to the highest finish in three weeks.
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18h Market Snapshot: U.S. stocks gain as Wall Street tries to erase last week’s ugly loss
Market Watch
U.S. stocks on Monday try to claw back from last week’s sharp loss, as Wall Street’s long-term uptrend appeared mostly intact, albeit, on weaker-than-average volume.
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Oprah Winfrey delivers the 2017 commencement speech at Smith College18h Oprah Winfrey delivers the 2017 commencement speech at Smith College
USA Today
Oprah was the commencement speaker for Smith College, a women’s liberal arts school in Northampton, Mass.
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18h Market Extra: Apple is nearly 40% more valuable than the city of Chicago
Market Watch
If Apple Chief Executive Officer Tim Cook wanted to, he could make the Windy City his new corporate headquarters—all of it.
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18h ETF Focus: As internet stocks hit records, familiar questions about bubbles arise
Market Watch
Double-digit gains by internet stocks, among the biggest companies on Wall Street, have pulled the technology sector to record highs in 2017, with the industry recovering all the losses in suffered in the busting of the dot-com bubble. However, the return to these levels has raised familiar questions about valuation, and whether investors have again put too much faith in the fast-growing group.
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18h Updated Money Milestones: This is how your finances should look in your 30s
Market Watch
The beginning of mortgages and marriages shouldn’t be the end of your retirement contributions.
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Avocado lattes may be just what hipster Millennials dreamed of. Or maybe not.19h Updated Avocado lattes may be just what hipster Millennials dreamed of. Or maybe not.
USA Today
A café in Melbourne, Australia, is serving up lattes – complete with designs etched into the foam – in hollowed out avocado skins.
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The latest Avocado trend you have to see19h The latest Avocado trend you have to see
USA Today
Millennials are into some pretty weird stuff. Angeli Kakade (@angelikakade) has the story.
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19h BookWatch: Bill Gates says these five books ‘made me question my own thinking’
Market Watch
The Microsoft co-founder is out with his annual summer reading list.
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19h Futures Movers: Oil climbs as expectations for a 9-month output-cut deal extension grow
Market Watch
Bull markets remain in charge for oil as the week starts, and expectations grow for an extension to the OPEC-led production cut deal into the first quarter of next year.
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Another European country is ditching nuclear power19h Another European country is ditching nuclear power
USA Today
Swiss voters approved a plan that will eventually phase out all nuclear power use. Video provided by Newsy
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19h Capitol Report: What to watch in the CBO’s score of the Republican health-care bill
Market Watch
Depending on what congressional budget-crunchers say later this week, a key part of Republicans’ agenda could get a green light to proceed, or run into a big obstacle. Here is what to watch when the nonpartisan Congressional Budget Office releases its score of the American Health Care Act, which is expected Wednesday afternoon.
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19h The Wall Street Journal: Solar company Sunrun manipulated sales data around time of 2015 IPO
Market Watch
Former managers at one of the largest U.S. solar-energy companies say they manipulated a key sales metric around the time of the company’s August 2015 initial public offering.
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19h Shareholders go to court seeking to oust Akzo chairman
Reuters
AMSTERDAM (Reuters) - Akzo Nobel shareholders angered by the Dulux paint maker's rejection of a 26.3 billion euro ($29.5 billion) takeover proposal from U.S. rival PPG Industries took their fight to an Amsterdam court on Monday.
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Where are people traveling over busy Memorial Day?19h Where are people traveling over busy Memorial Day?
USA Today
More people will travel this Memorial Day weekend in more than a decade according to AAA. Sean Dowling (@seandowlingtv) has more.
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19h GE faces EU probe related to LM Wind Power deal
Reuters
(Reuters) - General Electric Co said on Monday that the European Union's competition watchdog is investigating whether the industrial conglomerate provided misleading information during a merger review.
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19h Updated This man will help you get out of expensive medical bills
Market Watch
Most people, even if they don’t understand a hospital bill, pay it anyway. He’s trying to change that.
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19h Another Gloomy Day for Amgen
The Wall Street Journal
Nothing is going right for Amgen these days. It now says its experimental osteoporosis treatment, Evenity, is unlikely to win approval from the Food and Drug Administration this year.
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19h Wall Street extends gains as defense, tech stocks rise
Reuters
(Reuters) - Wall Street extended gains in early afternoon trading on Monday, boosted by technology shares and as defense companies rose after the United States and Saudi Arabia signed a multi-billion dollar arms deal.
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19h Updated The Tell: This is the ‘bad’ kind of dollar weakness
Market Watch
The “bad” kind of dollar weakness is accompanied by a sharp rise in risk aversion, explains Standard Bank’s Steve Barrow in a Monday note.
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19h Updated In Bombardier fight, Boeing sees ghost of Airbus ascent
Reuters
PARIS/SEATTLE (Reuters) - Two words underpin Boeing's decision to launch a U.S. trade complaint against Bombardier , which plunged it into a row with Canada last week: "Never again".
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19h The Margin: ‘Oh my God!’: Watch as a sea lion lunges at little girl and pulls her into the water
Market Watch
There’s a reason the sign says “do not feed or touch the animals.” One little girl found out the hard — and wet — way
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19h Occupy Silicon Valley: The next populist movement may be aimed at tech wealth, report says
CNBC
The next big populist movement in the U.S. could be aimed at the tech sector, BofAML's Michael Hartnett said
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19h Europe Markets: European stocks finish lower after Merkel says euro ‘too weak’
Market Watch
European stocks end a choppy session slightly lower, weighed by German stocks, as the euro rallies after comments about the shared currency by German Chancellor Angela Merkel.
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One company is looking to disrupt the $50B medical apparel industry19h One company is looking to disrupt the $50B medical apparel industry
USA Today
Scrubs are a notoriously unattractive yet $50 billion global medical apparel industry - of which $10 billion lies in the U.S. alone. Figs, an online medical apparel retail startup is looking to break into the market.
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20h The Wall Street Journal: Arconic strikes deal with activist shareholder Elliott to end proxy context
Market Watch
Arconic Inc. struck a deal to give hedge fund Elliott Management Corp. three seats on its board of directors, ending a bruising five-month battle days before a shareholder vote.
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20h How vague language on company earnings calls affects stock performance
Market Watch
The stocks of companies led by executives who use vague language on earnings call move far less than companies with straight-talking executives, according to a NBER paper published Monday.
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20h London Markets: U.K. stocks rise for 2nd day as election poll weighs on pound
Market Watch
U.K. blue-chip shares advance on Monday, getting a boost from a weaker pound after an election poll shows support for Theresa May’s Conservative Party is falling ahead of the June 8 vote.
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20h Market Extra: As bitcoin rockets to records, here’s how much skeptics missed out on, says one money manager
Market Watch
The price of a single bitcoin was surging past 2,100 on Monday, as some bulls mused about how much investors could have made with early stakes in the digital currency—while others warn about how much could still be lost.
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20h Updated Ford names James Hackett CEO as challenges mount
Reuters
WASHINGTON/DEARBORN, Mich. (Reuters) - Ford Motor Co on Monday named James Hackett, who heads its unit developing self-driving cars, as chief executive officer, responding to investors' growing unease about the U.S. automaker's stock price and prospects.
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20h Updated The Fed: Fed minutes may quell doubt about a June interest-rate hike
Market Watch
Minutes of the Fed’s May 2-3 meeting are likely to put an end to doubts about a June interest rate hike.
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20h The Fed: Fed’s Kaplan backs view for two more rate hikes this year
Market Watch
Dallas Fed President Rob Kaplan said Monday two more rate hikes this year is still his baseline forecast for 2017.
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20h NewsWatch: The Saudis can’t afford Trump’s arms deal
Market Watch
For all its oil wealth, Saudi Arabia cannot afford to buy weapons and invest in American infrastructure, writes Amotz Asa-el.
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20h Updated U.S. vs Europe: The Political Risk Reverses in Markets
The Wall Street Journal
U.S. political turmoil, set against relative eurozone calm, is steadily narrowing the gap between U.S. and German bond yields.
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20h Updated Huntsman-Clariant: A Chemical Experiment Worth Pursuing
The Wall Street Journal
Huntsman and Clariant think they offer the perfect mix: a $14 billion merger of equals without overlapping businesses or rivalries but with hugely valuable cost savings.
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These stretchy displays could make flexible phones a reality20h These stretchy displays could make flexible phones a reality
USA Today
Foldable phones are a dream for those with massive screens or just super tight jeans, and now Samsung's taking us one step closer to the real thing. Nathan Rousseau Smith (@fantasticmrnate) explains.
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20h U.S. Justice Dept., Citigroup settle probe into Banamex USA
Reuters
NEW YORK (Reuters) - The U.S. Department of Justice and Citigroup Inc said on Monday that they have settled a criminal investigation into violations of anti-money laundering rules and the Bank Secrecy Act at the bank's Banamex USA unit.
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20h Key Words: Trump on allegations he outed a spy: ‘I never mentioned the word Israel’
Market Watch
President Donald Trump gives a rebuttal to the media reports saying he inadvertently identified the source of critical information on the terror group ISIS to Russian Foreign Minister Sergei Lavrov.
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20h Market Snapshot: U.S. stocks rise, erasing last week’s decline
Market Watch
U.S. stocks rise Monday, as the market’s recent uptrend appears to return after increased volatility last week, although more pronounced gains from near-record levels may be hard to achieve amid continued political uncertainty.
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20h Updated Long seen as partners, Huntsman and Clariant seal $14 billion merger
Reuters
ZURICH/FRANKFURT (Reuters) - U.S.-based Huntsman Corp and Switzerland's Clariant AG are combining to create a chemical manufacturer with a market value of about $14 billion, the deal coming together after years of tentative mutual approaches.
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20h Updated Market Extra: How to make money as the ‘disenchanted’ middle class changes politics
Market Watch
Populism is reshaping politics — here’s how Credit Suisse says you can make money from that and four other “supertrends” expected to emerge within the next decade.
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20h BookWatch: How this 1950s manhunt marked the beginning of the end for print media
Market Watch
The author’s new book, “Incendiary,” explores one newspaper’s role in the pursuit of the 1950s Mad Bomber
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21h Defense stocks rally after Saudi Arabia and Gulf states sign $350 billion of arms deals
Market Watch
Defense and aerospace stocks climbed across the board Monday to outperform the S&P 500.
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21h Metals Stocks: Gold prices climb toward a 3-week high
Market Watch
Gold prices firm Monday as declines in the U.S. dollar index set prices up for their highest finish in three weeks.
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21h Wall St. gains as defense, tech stocks rise
Reuters
(Reuters) - Wall Street was higher in late morning trading on Monday, boosted by technology shares and as defense stocks rose after a multi-billion dollar arms deal between the United States and Saudi Arabia.
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Who is Jim Hackett? Ford names new CEO21h Updated Who is Jim Hackett? Ford names new CEO
USA Today
Hackett is credited with outside-the-box thinking when he led Steelcase, a furniture company
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21h Updated Need to Know: Why stashing cash to ‘buy the dip’ is an ‘abysmal’ investment strategy
Market Watch
Did that recent rough patch have you licking your lips over the “buy the dip” potential? If it did then you probably came away with a nice payday. Fun when it works like that. Of course, it doesn’t always.
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21h Feeling powerless in Trumpland? Don’t wait — take action now
Market Watch
There will be more chaos and scandals, but we Americans — to say nothing of Republicans — don’t need to be passive observers.
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21h Updated Futures Movers: Oil prices climb as investors wait for OPEC meeting
Market Watch
Bull markets remain in charge for oil as the week starts, and investors get ready for an OPEC meeting later this week.
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22h The Wall Street Journal: Citi, Nasdaq team up for blockchain payment system
Market Watch
The two companies said they have been working together, along with technology startup Chain Inc., for months to link Citigroup’s business payments services to Nasdaq’s blockchain platform that has been used for activities such as buying and selling shares of private companies.
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22h The Wall Street Journal: Flynn will invoke the Fifth Amendment in response to Senate subpoena
Market Watch
Former national security adviser Mike Flynn will decline to cooperate with a Senate subpoena, invoking his constitutional right against self incrimination and setting off a legal showdown with Congress
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22h The Margin: On Trump’s first trip overseas, Twitter becomes mesmerized by a glowing orb
Market Watch
A widely circulated photo of President Trump with fellow Saudi and Egypt leaders puts social media jokers in mind of supervillains and conspiracy theories — stealing the limelight on Trump’s official visit to the Middle East.
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22h Updated FA Center: Where baseball legend David Ortiz invests his money
Market Watch
This is how ‘Big Papi’ prepared financially for his retirement.
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22h Updated German government at odds with itself over Greek debt relief
Reuters
BERLIN (Reuters) - Germany's coalition government split along party lines on Monday over the question of debt relief for Greece ahead of a crunch meeting in Brussels to tackle the thorny issue.
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22h Market Snapshot: U.S. stocks rise, erasing much of last week’s decline
Market Watch
U.S. stocks rise Monday, as the market’s recent uptrend appears to return after increased volatility last week, although more pronounced gains from near-record levels may be hard to achieve amid continued political uncertainty.
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Payday loans are dying. Problem solved? Not quite22h Payday loans are dying. Problem solved? Not quite
USA Today
Payday loans — the “lifesavers” that drown you in debt — are on the decline.
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22h Updated Oil up on expectations of extended, possibly deeper, output cut
Reuters
LONDON (Reuters) - Oil prices rose on Monday, bolstered by confidence that top exporters will this week agree to extend supply curbs, with suggestions the cuts could even be deepened.
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22h Updated Supreme Court rejects challenge to state retroactive tax changes
Reuters
WASHINGTON (Reuters) - The U.S. Supreme Court on Monday declined to hear a challenge by several major corporations to a Michigan law that retroactively changed the way businesses are taxed in the state, leading to $1 billion extra for government coffers.
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22h The Wall Street Journal: NBCUniversal to televise Rugby World Cup in 2019, 2023
Market Watch
NBCUniversal has reached a deal to televise the next two Rugby World Cups in an attempt to make a sport that is wildly popular in other parts of the world more mainstream in the U.S.
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22h Updated Ford replaces CEO Fields as challenges mount
Reuters
WASHINGTON/PARIS (Reuters) - Ford Motor Co is replacing Chief Executive Officer Mark Fields with James Hackett, the head of the unit developing self-driving cars, the U.S. automaker said on Monday, responding to investors' growing unease over its stock price and prospects.
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22h Financial regulation: Rein in the banks, or let the market work?
Market Watch
A closer look at the two main competing visions—and what they mean for consumers, institutions and the economy
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22h Updated This is America’s real health problem
Market Watch
Health care in the U.S. has become a high-stakes scheme that often puts profits before people, this author says.
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22h Wall St. opens higher as oil prices, defense stocks rise
Reuters
(Reuters) - Wall Street gained in early trading on Monday, helped by higher oil prices and as defense stocks rose after a $110 billion arms deal between the United States and Saudi Arabia.
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22h Updated Why free college isn’t always free
Market Watch
Don’t assume all tuition-free programs are created equal.
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Huntsman merges with Switzerland’s Clariant in chemicals deal22h Huntsman merges with Switzerland’s Clariant in chemicals deal
USA Today
The companies said Monday they plan to combine in “a merger of equals” through an all-stock transaction.
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22h Key Words: Wilbur Ross heartened by lack of protesters in Saudi Arabia
Market Watch
Commerce Secretary Wilbur Ross said he was heartened by lack of any protestors in Saudi Arabia during President Donald Trump’s visit over the weekend.
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23h GE to face probe related to LM Wind Power deal: Bloomberg
Reuters
(Reuters) - General Electric Co is being investigated by the European Union for providing misleading information during a merger review, Bloomberg reported on Monday, citing two people familiar with the case.
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23h Bond Report: Treasury yields edge up ahead of busy week for Federal Reserve
Market Watch
Treasury yields rise as investors look to see whether the Federal Reserve will stay on track to hike rates amid tepid first quarter economic numbers and political uncertainty.
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2 Jaw-dropping stocks for future millionaires23h 2 Jaw-dropping stocks for future millionaires
USA Today
Renowned investors David and Tom Gardner are scheduled to reveal their next great stock ideas. It pays to listen.
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23h OPEC Sec-Gen sees growing consensus on duration of oil cut extension
Reuters
VIENNA (Reuters) - OPEC Secretary-General Mohammad Barkindo said on Monday he saw a growing consensus among the group's members as well as non-OPEC producers on the duration of oil cuts extension.
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23h NewsWatch: Why stashing cash to ‘buy the dip’ is an ‘abysmal’ investment strategy
Market Watch
Did that recent rough patch have you licking your lips over the “buy the dip” potential? If it did then you probably came away with a nice payday. Fun when it works like that. Of course, it doesn’t always.
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23h Capitol Report: White House moves to block ethics probe into ex-lobbyists on payroll | What to watch for in Trump’s budget
Market Watch
White House moves to block ethics probe into ex-lobbyists; what to watch for in Trump’s budget; Chaffetz expects to speak with Comey on Monday; and more.
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23h Economic Report: Chicago Fed’s national economic measure at multimonth high, with housing its only drag
Market Watch
U.S. hiring improved and factories were busier last month, enough to overcome weaker consumer spending and drive up a broad measure of April national economic activity released Monday by the Chicago Federal Reserve.
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23h Financial News: Madoff’s closest prison chum? Colombo crime-family boss Carmine Persico Jr.
Market Watch
Shortly after Bernie Madoff arrived in prison, at the start of a 150-year sentence, the mastermind behind the largest financial fraud in history was slapped in the face.
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23h Updated China tells U.S. trade representative stronger cooperation needed
Reuters
BEIJING (Reuters) - China's commerce minister Zhong Shan told new United States Trade Representative Robert Lighthizer the two sides should strengthen cooperation and manage disputes in trade, according to a statement on the website of China's Ministry of Commerce on Monday.
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24h Updated Shareholders take Akzo Nobel to court to oust Chairman Burgmans
Reuters
AMSTERDAM (Reuters) - Akzo Nobel shareholders angered by the Dulux owner's rejection of a 26.3 billion euro ($29.5 billion) takeover offer from U.S. rival PPG Industries took their fight to an Amsterdam court on Monday.
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24h BookWatch: How New York’s longest manhunt marked the beginning of the end for print media
Market Watch
The author’s new book, “Incendiary,” explores one newspaper’s role in the pursuit of the 1950s Mad Bomber
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24h Metals Stocks: Gold tries to add to recent gains as dollar eases, stocks steady
Market Watch
Gold prices firmed Monday, looking to add to the their largest weekly gain since mid-April, as declines in the U.S. dollar index and seemingly stalled equities boosted demand for the metal.
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Reports: Ford CEO Mark Fields is being ousted24h Updated Reports: Ford CEO Mark Fields is being ousted
USA Today
The company's board grew impatient at Ford's lagging stock price.
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24h EU to conclude Google antitrust cases in next few months
Reuters
OXFORD, England (Reuters) - EU antitrust regulators will rule in the "next few months" whether Alphabet's Google abused its dominance of internet searches and other areas, a senior European Commission official said on Monday, an outcome that could lead to a hefty fine.
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Ford CEO Mark Fields is being ousted24h Ford CEO Mark Fields is being ousted
USA Today
Ford Motors is expected to give current CEO Mark Fields the boot and promote Jim Hackett. Josh King has the story (@abridgetoland).
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America’s newest candy fad is on its way - finally24h America’s newest candy fad is on its way - finally
USA Today
The Kinder Egg, long-famous in other parts of the world as a delicious chocolate egg with a toy inside, is finally coming to the U.S.
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24h Exclusive: ECB plan to take euro clearing from London stalled by infighting - sources
Reuters
FRANKFURT (Reuters) - Discord between the euro zone's three largest countries is stalling the European Central Bank's efforts to come up with a way to force euro clearing out of London and put it under its watch, three sources told Reuters.
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24h Market Snapshot: U.S. stocks set for tepid advance, as investors watch for the next catalyst
Market Watch
U.S. stocks are poised for modest gains Monday, as investors watch for the next catalyst for markets, looking to politics amid thin pickings in corporate news.
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24h Metals Stocks: Gold keeps rally going as dollar eases, stocks churn
Market Watch
Gold prices firmed Monday, looking to add to the their largest weekly gain since mid-April, as declines in the U.S. dollar index and seemingly stalled equities boosted demand for the metal.
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24h In One Chart: This chart shows how stocks aren’t breaking down — but not breaking out, either
Market Watch
Bulls don’t have a breakout to cheer, but bears also can’t pat themselves on the back yet, according to chart watchers.
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24h Updated Ford to fire CEO Fields as challenges mount: sources
Reuters
PARIS/DETROIT (Reuters) - Ford Motor Co. is set to replace Chief Executive Mark Fields with James Hackett, the head of its mobility arm, company sources said, responding to growing investor unease over the U.S. carmaker's stock performance and prospects.
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Avocado latte may be just what hipster Millennials dreamed of. Or maybe not.24h Avocado latte may be just what hipster Millennials dreamed of. Or maybe not.
USA Today
A café in Melbourne, Australia, is serving up lattes – complete with designs etched into the foam – in hollowed out avocado skins.
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24h China slaps import duties on sugar; experts question impact
Reuters
BEIJING (Reuters) - China said on Monday it will impose hefty penalties on sugar imports after lobbying by domestic mills, but experts said the ruling may not go far enough to stem the flow of lower-priced sweetener into the world's top importer.
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24h Currencies: Pound declines after shift in U.K. election polls; euro climbs
Market Watch
The U.S. dollar moved higher against the pound Monday, with the British currency under pressure after a big lead by the Conservative Party in polls has been cut down heading into next month’s U.K. general election.
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25h Chinese regulator approves VW-JAC Motor electric car venture
Reuters
BEIJING (Reuters) - Germany's Volkswagen AG and Anhui Jianghuai Automobile Group (JAC Motor) have received approval from Chinese regulators to form a joint venture to make electric vehicles, the two automakers said on Monday.
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25h J.C. Penney, Gymboree and J. Crew at risk -- and it’s not all Amazon’s fault
Market Watch
The bloodletting in the retail sector is expected to create a wave of bankruptcies, debt restructurings and defaults in the next 12 months.
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25h Updated Commodities Corner: 4 potential outcomes for OPEC’s crucial meeting
Market Watch
Saudi Arabia will have Saudi Aramco’s IPO in mind as OPEC makes its decision on whether to extend its production-cut deal beyond its June expiration.
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25h Updated Economic Preview: Buoyant U.S. economy rides out rough political sea, but more storms ahead
Market Watch
The U.S. economy is blossoming again like a bed of spring flowers, but now a wary eye is being cast toward an impending storm front that threatens to move in: The ongoing political eruptions in Washington.
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25h Updated The Wall Street Journal: Ford to replace CEO Mark Fields with Jim Hackett amid pressure on profit
Market Watch
Ford Motor Co. will replace Chief Executive Mark Fields with Jim Hackett, the former head of office-furniture maker Steelcase Inc. who joined the auto maker in 2016, according to people familiar with the matter.
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25h Market Snapshot: U.S. stocks poised for a steady open, as investors watch for the next catalyst
Market Watch
U.S .stocks were set for a largely flat opening, as investors waited to see if last week’s pullback was merely a blip or the start of something bigger. Fed minutes will remain the main attraction this week.
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25h In One Chart: Why the stock market will be fine if Trump’s tax cuts don’t happen — in one chart
Market Watch
The market is expecting very little in the way of policy changes, making stocks less likely to fall if the changes don’t occur, according to RBC strategists.
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25h Carlyle battles insurers in New York over Moroccan oil losses
Reuters
LONDON (Reuters) - U.S. private equity firm Carlyle Group is suing a group of its insurers over $400 million worth of oil it claims it lost when Morocco's sole refinery went bankrupt two years ago, court documents show.
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Fed minutes could clarify mixed rate hike messages26h Fed minutes could clarify mixed rate hike messages
USA Today
Also this week: reports on housing sales, business investment, Q1 GDP growth
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26h JAC Motor says China approves electric vehicles venture with VW
Reuters
BEIJING (Reuters) - Anhui Jianghuai Automobile Group (JAC Motor) said on Monday it has received approval from Chinese regulators to form a joint venture with German automaker Volkswagen AG to make electric vehicles, according to a stock exchange filing.
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26h Updated The Margin: On Trump’s first trip overseas, the internet becomes mesmerized by a glowing orb
Market Watch
A widely circulated photo of President Trump with fellow Saudi and Egypt leaders puts social media jokers in mind of supervillains and conspiracy theories — stealing the limelight on Trump’s official visit to the Middle East.
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Boeing inks defense, passenger jet deal with Saudi Arabia26h Updated Boeing inks defense, passenger jet deal with Saudi Arabia
USA Today
U.S. aerospace giant says it will sell military and commercial aircraft to U.S. ally
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Boeing signs deal with Saudi Arabia26h Boeing signs deal with Saudi Arabia
USA Today
Boeing Co has signed several defense and commercial deals with Saudi Arabia. According to reuters, the deal includes the sale of military and passenger aircraft. The U.S State Department announced in December that it would sell Saudi Arabia CH-47F Chinook cargo helicopters and related equipment, training and support worth $3.51 billion. The total value of the deals was not disclosed in a statement announcing the agreements. Saudi Arabia is seeking closer defense and commercial ties with the United States under Trump, as it seeks to develop its economy beyond oil. It currently leads a coalition that is fighting a war in Yemen.
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26h Europe stutters as political rumblings return
Reuters
LONDON (Reuters) - European shares, the euro and the pound all stumbled on Monday as rumblings in Spain, Britain and Brussels reminded investors that the region still has plenty of political uncertainty left in the tank.
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26h Peter Morici: The coming debt crisis
Market Watch
Politicians of both parties shouldn’t bury their heads in the sand about the looming debt crisis, writes Peter Morici.
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Who is Jim Hackett, likely to be named CEO of Ford?27h Who is Jim Hackett, likely to be named CEO of Ford?
USA Today
Hackett is credited with outside-the-box thinking at Steelcase.
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27h Europe Markets: European stocks edge higher as U.S. political commotion subsides
Market Watch
European stocks are logging modest gains Monday, beginning the week with a merger agreement in the chemicals industry and with relative calm on the political front, troubles from which last week pulled regional benchmarks into the red.
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27h The Tell: Zuckerberg: Facebook looking at connecting you with ‘people you should know’
Market Watch
Facebook has been focused on connecting you with people you already know, but it “might be just as important to also connect you with people you should know,” says CEO Mark Zuckerberg. He’s not running for office, he adds.
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27h Updated Airbus hires outside monitors amid fraud investigations
Reuters
PARIS (Reuters) - Airbus has appointed an independent panel including two former ministers to examine its anti-corruption practices after Britain and France launched fraud and bribery investigations into the sale of jetliners.
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27h Updated RBS tries for last-minute settlement before investor court case: sources
Reuters
LONDON (Reuters) - Royal Bank of Scotland (RBS) has tried to reach a last-minute settlement with a group of investors who allege that the lender misled them over a 2008 capital increase, according to two people close to the matter.
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27h Updated Deutsche Boerse CEO seeks end to insider trading probe: Handelsblatt
Reuters
FRANKFURT (Reuters) - Deutsche Boerse Chief Executive Carsten Kengeter's defense team is negotiating with prosecutors to drop an insider trading investigation against him, German daily Handelsblatt reported on Monday.
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27h Updated Ford set to fire CEO Mark Fields as shares founder: source
Reuters
PARIS/DETROIT (Reuters) - Ford Motor Co is expected to announce the departure of Chief Executive Mark Fields in a broad management shake-up, a company source said - a move that reflects growing investor unease over the company's stock market performance and outlook.
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27h Financial regulation: reign in the banks, or let the market work?
Market Watch
A closer look at the two main competing visions—and what they mean for consumers, institutions and the economy
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27h Updated Loss-making Cathay Pacific makes biggest job cuts in 20 years
Reuters
SYDNEY/SHANGHAI (Reuters) - Cathay Pacific Airways Ltd said on Monday it was cutting 600 jobs, its biggest headcount reduction in almost two decades, as it seeks to return to profitability in an industry battered by falling ticket prices.
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27h Updated Shareholders take Akzo Nobel to court in effort to aid PPG takeover
Reuters
AMSTERDAM (Reuters) - Akzo Nobel shareholders angered by the Dutch paint maker's rejection of a 26.3 billion euro ($29.5 billion) takeover offer from U.S. rival PPG Industries on Monday took their fight to an Amsterdam court.
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28h London Markets: Miners, oil shares lead the FTSE 100 higher
Market Watch
U.K. blue-chip shares gained Monday, with energy shares advancing on the back of a rise in oil prices ahead of this week’s OPEC meeting to discussion production targets.
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28h Updated The Wall Street Journal: White House to roll out budget proposal, cutting Medicaid, assistance to the poor
Market Watch
The White House on Tuesday will roll out a budget proposal crystallizing the president’s priorities in a blueprint that calls for large cuts to social safety-net programs.
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29h Ford fires CEO Mark Fields, Hackett takes reins: reports
Reuters
DETROIT (Reuters) - Ford Motor Co Chief Executive Mark Fields is set to leave the carmaker as part of a shake-up that includes other top executive changes as the company's shares hover near a 52-week low, several media reported on Monday.
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29h Updated Oil rises on expectation of extended, possibly deepened output cut
Reuters
SINGAPORE (Reuters) - Oil rose on Monday, pushed by reports that an OPEC-led supply cut may not just be extended into 2018 but might be deepened to tighten the market and prop up prices.
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29h Ford to replace CEO Mark Fields with James Hackett: Forbes
Reuters
(Reuters) - Ford Motor Co Chief Executive Mark Fields will leave the carmaker as part of a shake-up that includes other top executive changes, Forbes reported late on Sunday, citing a person familiar with the situation.
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Who is Jim Hackett? New Ford CEO overhauled Steelcase29h Who is Jim Hackett? New Ford CEO overhauled Steelcase
USA Today
Hackett is credited with outside-the-box thinking at Steelcase.
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30h Asia Markets: Asian stocks rise as investors fret less about U.S. political concerns
Market Watch
Investors also largely shrugged off further missile tests by North Korea over the weekend.
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30h Asian stocks post biggest rise in a month as markets settle
Reuters
HONG KONG (Reuters) - Asian stocks posted their biggest daily rise in a month on Monday following modest gains in U.S. shares, though the greenback came under renewed pressure as Washington's political turmoil undermines confidence in U.S. economic policy.
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30h Exclusive: Barclays to hire 100 staff in private banking push
Reuters
LONDON (Reuters) - Barclays will hire 100 new staff in its private bank as it launches its second attempt in the last seven years to win more business from wealthy clients, a source with direct knowledge of the plans told Reuters.
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Reports: Ford CEO Mark Fields is ousted30h Updated Reports: Ford CEO Mark Fields is ousted
USA Today
The company's board grew impatient at Ford's lagging stock price.
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31h Dollar inches up but U.S. political woes keep it near six-month lows
Reuters
TOKYO (Reuters) - The dollar inched higher on Monday, but remained close to six-month lows against a basket of currencies as investors assessed the impact of the latest bout of U.S. political turmoil and a resurgent euro.
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32h Updated Singapore’s OCBC Bank starts private banking business in Indonesia
CNBC
Singapore's second largest lender by assets OCBC said Monday its Indonesian subsidiary will start a private banking unit.
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32h Bitcoin options exchange raises $11.4 million in funding
Reuters
NEW YORK (Reuters) - Ledger Holdings, the New York-based parent company of bitcoin options exchange LedgerX, said on Monday it closed $11.4 million in funding led by Miami International Holdings Inc and China's Huiyin Blockchain Venture Investments.
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32h Updated In One Chart: These are the highest (and lowest) paying jobs in every state across the country
Market Watch
Microsoft founder Bill Gates dropped some knowledge on college grads last week by pointing them to artificial intelligence as one of the “promising fields where you can make a huge impact.” But right now the best wages are being paid in health care.
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