Back News Thursday, October 19, 2017
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55m Updated Nestle accelerates restructuring as sales growth stays tepid
Reuters
ZURICH (Reuters) - Swiss food giant Nestle expects organic sales growth to stay muted in the fourth quarter and is speeding up its restructuring program as it seeks to improve profit margins.
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56m Updated Thirty years ago this week, Wall Street slid into the abyss
Reuters
NEW YORK (Reuters) - Thirty years ago, before heading to work at the New York Stock Exchange, Peter Kenny left his home in lower Manhattan and made a detour to the nearby Our Lady of Victory church to pray to St. Jude, the Roman Catholic patron saint of desperate and lost causes.
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1h 22m Financial News: LSE’s Xavier Rolet to step down as CEO
Market Watch
Xavier Rolet will leave the London Stock Exchange by the end of 2018 after almost a decade leading the iconic British institution, having helped turn the business into a post-trade and information powerhouse.
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1h 47m Nasdaq, SGX in pact to woo firms interested in listing on both boards
Reuters
(Reuters) - Singapore Exchange Ltd (SGX) and Nasdaq Inc said on Wednesday they were teaming up to woo fast-growing Asian tech firms interested in listing on both their exchanges, as they look to better compete for mid-sized IPOs.
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1h 59m Nissan Motor says CEO Saikawa to brief on uncertified inspection issue
Reuters
TOKYO (Reuters) - Nissan Motor Co Ltd said Chief Executive Hiroto Saikawa will hold at news conference 1000 GMT on Thursday to brief on its uncertified inspection scandal.
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2h Updated Dan Brown faces possible new plagiarism lawsuit over ‘The Da Vinci Code’
Market Watch
Author Jack Dunn prepares new case against Brown in U.K.
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2h Backroom battle imperils $230 million cryptocurrency venture
CNBC
Tech project Tezos, which raised $232 million in an initial coin offering, could fall apart over a backroom battle.
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2h Updated Toyota, other Japanese carmakers say hoods containing Kobe Steel aluminum are safe
Reuters
TOKYO (Reuters) - Three Japanese automakers on Thursday confirmed the safety of aluminum components made by Kobe Steel Ltd, allaying some concerns that Kobe's falsified quality data had compromised the safety of the products.
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2h Updated Market Extra: OPEC deal needs to last at least 2 years: Total CEO
Market Watch
OPEC’s efforts to boost prices and balance the oil market are working, but will need to run for at least another year, according to Total chief executive Patrick Pouyanné.
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2h Updated Market Extra: The world’s largest oil trader sees Brent plunging to $45 in 2018
Market Watch
Brent oil prices could tumble more than 20% by 2018, as U.S. output surges and adds renewed pressure on an oil market that is already battling with a persistent oversupply, according to Ian Taylor, chief executive officer at Vitol Group, the world’s largest oil trader.
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2h Updated Is the most hated bull market in stocks becoming dangerously over-loved?
Market Watch
An ‘enthusiasm’ phase would probably signal an end to the rally, says Simon Maierhofer.
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2h Updated This six-figure tech job had the biggest bump in salary over 10 years
Market Watch
A new study analyzed over 10,000 salary records to compare pay raises.
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2h Updated 1 in 5 white women who use indoor tanning are addicted to it
Market Watch
The practice increases the risk of melanoma, the deadliest form of skin cancer.
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2h Updated Could the 1987 stock market crash happen again?
Reuters
NEW YORK (Reuters) - On the 30th anniversary of the 1987 stock market crash, U.S. stocks are at a record high and investors are concerned that steep valuations may mean a correction is overdue, despite healthy corporate earnings and economic growth.
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2h Futures Movers: WTI crude, Brent prices hover at highest levels in weeks
Market Watch
Oil prices were sticking to tight ranges on Thursday, but holding at levels not seen since September. U.S. supply data and tensions in Iraq remain the focus for the market.
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2h Asia Markets: China stocks extend declines as growth slows; Nikkei aims at two-decade high
Market Watch
China stocks extended losses Thursday as data rolled in showing a slowdown for growth, but in Japan, the Nikkei was pushing towards another two-decade high, thanks to a weaker yen and robust trade data.
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2h London is the European hotspot for venture capitalists when it comes to fintech
CNBC
Investors have poured more than $1 billion into British fintech companies since the beginning of the year, London & Partners said Thursday.
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3h Nestle expects 2017 margin to decline on higher restructuring costs
Reuters
ZURICH (Reuters) - Food group Nestle said it expected its operating margin to slip by 40 to 60 basis points in 2017 due to higher restructuring costs and said full-year organic sales growth should be in line with the 2.6 percent seen in the first nine months. Its underlying margin was set to improve.
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3h Asia stocks shed gains after data shows slower China growth
Reuters
TOKYO (Reuters) - Asian stocks shed early gains on Thursday, pulling back from decade highs, with Chinese equities leading the way lower after data showed growth in the world's second largest economy slowed slightly in the third quarter.
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4h Toshiba probed by Japan securities watchdog over results filing: source
Reuters
TOKYO (Reuters) - Japan's securities watchdog is investigating Toshiba Corp's accounting in its latest earnings statement to see if it properly handled losses incurred by its U.S. nuclear unit, a source with knowledge of the matter said on Thursday.
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4h This simple investment strategy will protect you if the U.S. stock market cracks
Market Watch
The key is neutralizing risk, and you can do that with a ‘short’ ETF, says Thomas H. Kee Jr.
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5h Japan transport ministry considering checks of cars, trains using Kobe Steel products: Kyodo
Reuters
TOKYO (Reuters) - Japan's transport ministry is considering convening a meeting to probe the safety of automobiles, trains and planes using products from scandal-hit Kobe Steel Ltd, Kyodo reported on Thursday.
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New Microsoft Windows 10 update adds to 3D, security5h Updated New Microsoft Windows 10 update adds to 3D, security
USA Today
Along with the release of the Windows 10 Fall Creators update, Microsoft unleashes the pricey Surface Book 2 laptop
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5h The New York Post: World Series run could finally lift high-spending L.A. Dodgers out of the red
Market Watch
The Los Angeles Dodgers, despite having the highest payroll in Major League Baseball, could erase years of red ink this season — thanks to a likely World Series appearance, The Post has learned.
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6h Asia stocks approach 10-year peak, unfazed by China GDP, dollar rises
Reuters
TOKYO (Reuters) - Asian stocks rose to near decade highs on Thursday, continuing to ride on a global equities rally, while the dollar resumed its rise on the back of a spike in U.S. yields.
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6h Asia Markets: Nikkei on track for another two-decade high as other Asian markets mixed
Market Watch
Global equities rose Thursday, with key Asian indexes gaining led by strength in Japan, thanks to a weaker yen and robust trade data.
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Blue Apron layoffs hit the office hardest, warehouse workers mostly spared, sources say6h Blue Apron layoffs hit the office hardest, warehouse workers mostly spared, sources say
USA Today
Blue Apron on Wednesday said it cut about 6% of its workforce, nearly four months after the meal-kit company went public.
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Why the rise of tech freelancers is among us6h Why the rise of tech freelancers is among us
USA Today
Economic trends and corporate downsizing are contributors to the rise of freelancers.
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6h The Wall Street Journal: Hewlett Packard Enterprise raises dividend, will return $2.5 billion to shareholders
Market Watch
Hewlett Packard Enterprise Co. approved $5 billion more to buy back stock as part of a pledge to return most of its cash to shareholders and gave a mixed view for 2018.
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6h Special Report: Backroom battle imperils $230 million cryptocurrency venture
Reuters
ZUG, Switzerland/NEW YORK (Reuters) - Just three months ago, a tech project called Tezos raised $232 million online in a wildly successful "initial coin offering," in which new digital currency is parcelled out to buyers. At the time, it was the most money ever raised from the public in the white-hot cryptocurrency sector.
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6h Updated ADP is already making changes Ackman wants: CEO
Reuters
NEW YORK (Reuters) - Automatic Data Processing Inc is already making many of the changes activist shareholder William Ackman is advocating, but it will take time to see results, Chief Executive Officer Carlos Rodriguez said in an interview on Wednesday.
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FCC extends Sinclair-Tribune merger comment period until Nov. 27h Updated FCC extends Sinclair-Tribune merger comment period until Nov. 2
USA Today
The Federal Communications Commission is extending the comment period on Sinclair Broadcasting's $4 billion merger with Tribune Media Co.
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7h Officials warn drone owners: Don’t fly over wildfires
Market Watch
Emergency officials and the Federal Aviation Administration are once again warning drone users not to fly over disaster areas, after firefighting efforts have been halted at least three times in the past two weeks in Northern California.
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7h Updated How online dating affects divorce rates
Market Watch
OKCupid, Tinder and the rest could actually create a more harmonious society.
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7h Updated The scary thing Hollywood does when it runs out of reboots
Market Watch
‘Happy Death Day’ is a genre-bending movie marketed as ‘Groundhog Day’ meets ‘Scream.’
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7h In One Chart: The No. 1 financial regret of Americans
Market Watch
Regrets? Americans have had more than a few when it comes to managing their money.
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7h Updated Asia stocks edge up, await China GDP, dollar rises as yields spike
Reuters
TOKYO (Reuters) - Asian stocks inched up to near decade highs on Thursday, continuing to ride on a global equities rally, while the dollar resumed its rise on the back of a spike in U.S. yields.
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7h Updated Working longer hours, spending more on luxuries: The dark side of Nobel-winner Richard Thaler’s ‘nudge theory’
Market Watch
Thaler tells people to “nudge for good,” but not everyone follows his advice.
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7h Updated The Moneyologist: I was robbed of my childhood by my abusive parents — now I’m being robbed of my inheritance
Market Watch
This man’s father died without a will and yet his stepmother inherited everything.
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8h Updated U.S. bankers hold onto hopes that Trump will boost profits
Reuters
NEW YORK (Reuters) - Top U.S. bankers are still hoping that President Trump's administration will make policy changes to boost profits, but made clear in public comments in recent days that they are not seeing any signs of progress so far.
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These cities have the best chance of getting Amazon’s new headquarters8h Updated These cities have the best chance of getting Amazon’s new headquarters
USA Today
These 10 cities have the best chance of being the home to Amazon's new headquarters. Elizabeth Keatinge (@elizkeatinge) has more.
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8h U.S. diesel margins to drive refiner profits for third quarter and beyond
Reuters
NEW YORK (Reuters) - U.S. refiners are set to blow past quarterly earnings expectations after margins surged to a two-year peak on the back of a crippling hurricane season that squeezed already tight gasoline and diesel supplies.
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8h Updated Dow ends above 23,000 for first time; IBM jumps
Reuters
NEW YORK (Reuters) - The Dow Jones Industrial Average closed above 23,000 for the first time on Wednesday, driven by a jump in IBM after it hinted at a return to revenue growth.
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8h Updated The Margin: 10 ‘unexpected’ bargains at Costco
Market Watch
A virtual lovefest erupted in Reddit’s “Frugal” message board this week after a contributor known as yellowraincoat said she pocketed some “unexpected” savings when she finally decided to give a Costco membership a whirl.
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Dow ends short of 23K8h Updated Dow ends short of 23K
USA Today
The blue chip index backed off after hitting the 23,000 milestone for the first time Tuesday. As Fred Katayama reports, health care stocks drove the Dow and S&P to close at record highs. Video provided by Reuters
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9h The Wall Street Journal: Viacom, Charter agree to preliminary deal for basic cable TV package
Market Watch
Media giant Viacom Inc. and cable operator Charter Communications Inc. have agreed to a preliminary deal that would put eight of Viacom’s most important channels in the cheapest package available to the 16.6 million subscribers to Charter’s Spectrum service, according to people familiar with the matter.
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9h Kenneth Chenault to step down as AmEx CEO after nearly 17 years
Reuters
(Reuters) - American Express Co said its chairman and chief executive Kenneth Chenault would step down early next year, ending a nearly 17-year tenure at the helm of the No. 1 U.S. card issuer by spending.
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9h Updated Dow closes above 23,000 for first time; IBM soars
Reuters
NEW YORK (Reuters) - The Dow Jones Industrial Average closed above 23,000 for the first time on Wednesday, driven by a jump in IBM after it hinted at a return to revenue growth.
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9h Updated Blue Apron cuts 6 percent of its workforce
Reuters
(Reuters) - Blue Apron Holdings Inc said it had cut about 6 percent of its total workforce, nearly four months after going public, as the meal-kit delivery company comes under increasing pressure from deep-pocketed rivals such as Amazon.com Inc .
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10h Updated Kenneth Chenault to step down as AmEx CEO next year
Reuters
(Reuters) - American Express Co said Kenneth Chenault will step down as chief executive early next year, ending a nearly 17-year tenure at the helm of the No.1 U.S. card issuer by spending.
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10h Updated Market Extra: 30 years after Black Monday, could stock market crash again?
Market Watch
It has been three decades since the most disastrous single day in U.S. stock market history, and investors can be forgiven for wondering if Wall Street learned its lesson.
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10h The Wall Street Journal: Gilead shares rise after FDA approves cell-therapy drug Yescarta
Market Watch
Gilead Sciences Inc.’s $11 billion bet on Kite Pharma Inc. is poised to pay off, with the approval Wednesday of Kite’s flagship cell-therapy treatment for advanced lymphoma patients.
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10h Snap is selling an $80 dancing hot dog Halloween costume
Market Watch
Snap Inc. is now in the hot dog costume business.
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American Express CEO Kenneth Chenault to step down10h Updated American Express CEO Kenneth Chenault to step down
USA Today
Kenneth Chenault, 66, is among the first African Americans to run a Fortune 500 company, and he recently completed a two-year turnaround.
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10h Rail operator CSX reduces locomotives in maintenance program
Reuters
(Reuters) - CSX Corp , the No. 3 U.S. railroad operator, will slash the number of locomotives served by a long-term maintenance agreement, a move that cuts service bills under the agreement by some $3.3 billion, company filings showed on Wednesday.
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11h The Wall Street Journal: McCain supports bill requiring better disclosure for online political ads
Market Watch
A proposal to require social media companies to disclose information about political advertising on their platforms has drawn the support of a key Senate Republican.
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11h The Wall Street Journal: Hearst to buy Men’s Health, Runner’s World publisher Rodale
Market Watch
Hearst has agreed to purchase Rodale Inc., the family-owned publisher of magazines including Women’s Health, Men’s Health and Prevention, in a move that will give it a major presence in the health and wellness arena.
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Ford teases fastest-ever Mustang GT coming for 201811h Updated Ford teases fastest-ever Mustang GT coming for 2018
USA Today
New 10-speed transmission and Michelin summer tires help 2018 Mustang GT hit 60 mph in less than 4.0 seconds.
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11h Updated Market Extra: Dow’s historic close above 23,000 belies a flicker of weakness
Market Watch
The Dow Jones Industrial Average punched firmly higher on Wednesday, to a historic close above 23,000. However, the record-setting advance for the more than 120-year old stock-market gauge might hint at some softness in its latest climb to a 1,000-point milestone.
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11h United Airlines profit falls, sees margin decline this quarter
Reuters
(Reuters) - United Airlines on Wednesday said its third-quarter net income fell slightly less than investors had feared as the third-largest U.S. carrier was hit by $185 million in pre-tax losses caused by canceled flights during the Atlantic hurricane season.
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The new MacBook Pro is one of the best yet but is it worth the price?11h The new MacBook Pro is one of the best yet but is it worth the price?
USA Today
With the 2017 MacBook Pro Apple introduced a new Touch Bar to their classic design. Is the new feature a hit or a miss? Check out the video to find out!
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11h Updated Key Words: Mnuchin has an important warning for stock-market investors
Market Watch
Beware stock market investors. Tax cuts are critical to maintaining their record-setting ascent, according to Steven Mnuchin.
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11h ETF Focus: A new ETF uses IBM’s AI technology to help it pick winning stocks
Market Watch
The AI Powered Equity ETF, which launched on Wednesday, uses the big-data processing abilities of IBM’s Watson to develop a portfolio of stocks that its sponsors argue will be able to offer results that aren’t only better than what human stock pickers would be able to deliver, but also the overall market.
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11h Ex-GE CEO Immelt said to have empty jet follow him on business trips
Market Watch
Former General Electric CEO Jeff Immelt used to have an empty jet follow him on business trips, according to a published report.
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11h The Wall Street Journal: Romano’s Macaroni Grill owner files for chapter 11 bankruptcy
Market Watch
The owner of casual Italian dining chain Romano’s Macaroni Grill filed for bankruptcy protection Wednesday with a plan to slash its debt and reorganize around its top restaurants.
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11h The Wall Street Journal: J.P. Morgan trading executive to become SEC’s top exchanges regulator
Market Watch
The Securities and Exchange Commission on Wednesday tapped J.P. Morgan Chase & Co.’s top electronic-trading executive as a senior regulator, signaling an appetite for shaking up rules that are blamed for fragmenting trading across dozens of venues and fomenting the rise of high-frequency trading.
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Gains in streaming audience offer hope for flagging NFL ratings11h Updated Gains in streaming audience offer hope for flagging NFL ratings
USA Today
The NFL ratings' decline comes as streaming of the league's games has seen major growth.
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11h NewsWatch: Dow’s historic close above 23,000 belies a flicker of weakness
Market Watch
The Dow Jones Industrial Average punched firmly higher on Wednesday, to a historic close above 23,000. However, the record-setting advance for the more than 120-year old stock-market gauge might hint at some softness in its latest climb to a 1,000-point milestone.
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11h The Wall Street Journal: EA takes a hit after delay in planned ‘Star Wars’ video game
Market Watch
Electronic Arts Inc.’s sudden decision to put a highly anticipated “Star Wars” game on ice drew sharp questioning over how the company plans to monetize it, and raised concerns on Wall Street about the impact to next year’s fiscal earnings.
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11h United Airlines profit falls less than Wall St. feared after storms
Reuters
(Reuters) - United Airlines on Wednesday said its third-quarter net income fell slightly less than investors had feared as the third-largest U.S. carrier was hit by $185 million in pretax losses caused by canceled flights during the Atlantic hurricane season.
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IBM lifts Dow above 23,00012h IBM lifts Dow above 23,000
USA Today
Financials and tech stocks like IBM boosted the markets on the 30th anniversary of Black Monday. Fred Katayama reports. Video provided by Reuters
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12h Updated Earnings Outlook: GE earnings: Can CEO Flannery’s first report break a string of disappointing results?
Market Watch
Investors may not care so much if GE can beat earnings expectations, since it usually does. The real question is whether new CEO John Flannery’s first quarterly report can finally get the stock to rally.
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12h Dow closes above 23,000 for first time; IBM jumps
Reuters
NEW YORK (Reuters) - The Dow Jones industrial average closed above the 23,000 level for the first time on Wednesday, driven by a jump in IBM after the computing giant hinted at a return to revenue growth.
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4 wildest stunts for Amazon's second headquarters: Cities compete for 50,000 jobs12h Updated 4 wildest stunts for Amazon's second headquarters: Cities compete for 50,000 jobs
USA Today
Several American cities are delivering prime pitches to Amazon as the retail tech giant weighs its option for a second headquarters in North America.
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12h Stephen Squeri to replace Kenneth Chenault as new AmEX CEO
Reuters
(Reuters) - Credit card issuer American Express Co said on Wednesday long-time Chief Executive Kenneth Chenault will step down and will be replaced by Stephen Squeri.
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12h Market Snapshot: Dow ends at 23,000 for the first time, as all stock benchmarks log fresh records
Market Watch
All three major equity indexes on Wednesday close at records simultaneously for the 23rd time in 2017 as U.S. stocks rode the latest round of corporate earnings to test new highs.
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12h The Fed: Fed’s Beige Book still can’t find inflation threat, despite labor bottlenecks
Market Watch
The Federal Reserve found little change in inflation despite growing labor bottlenecks in its latest deep dive on the economy known as the Beige Book. But that won’t stop the central bank from raising U.S. interest rates again soon.
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5 ways that Harley-Davidson is fighting back against falling sales12h 5 ways that Harley-Davidson is fighting back against falling sales
USA Today
The Milwaukee-based motorcycle maker is trying to fire up Millennials
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12h United Airlines third-quarter profit falls, hurt by storms
Reuters
(Reuters) - United Airlines on Wednesday said its third-quarter net income fell by a third to $669 million from the year-ago period, partly due to $185 million in pretax losses caused by canceled flights during the Atlantic hurricane season.
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12h Updated Investors Need to Watch This Nasty Drug-Price Feud
The Wall Street Journal
Pharmacy-benefit managers are supposed to reduce drug prices but haven’t, and their customers are pushing back.
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Burger King sends anti-bullying message with beat-up burger12h Updated Burger King sends anti-bullying message with beat-up burger
USA Today
Bullying and cybe rbullying are a huge problem. Thirty percent of teens worldwide are victims.
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12h Updated IBM: Big Blue Coming Out of the Red
The Wall Street Journal
The company reported another decline in quarterly revenue on a year-over-year basis Tuesday. But revenue fell only 0.4% and ended up exceeding Wall Street’s consensus forecast. That gave its shares a big boost.
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12h Currencies: Dollar dips into the red, as euro climbs higher
Market Watch
The U.S. dollar flips into negative territory against most of its major rivals on Wednesday as the euro strengthens.
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12h Beat the System: Here’s how to handle racists such as Marc Faber
Market Watch
Public shaming doesn’t work, but engaging in debate can change minds, says Brett Arends.
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12h Market Extra: Dow 23,000 means blue-chip’s 3rd fastest close above a 1,000-point milestone
Market Watch
A resurgence in the so-called Trump trade helped propel the Dow Jones Industrial Average to a fresh closing milestone.
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12h Ford to recall 1.34 million trucks in North America for door latch fix
Reuters
WASHINGTON (Reuters) - Ford Motor Co said on Wednesday it would recall 1.34 million 2015-17 Ford F-150 and 2017 Ford Super Duty trucks in North America to add water shields to side door latches at a cost of $267 million.
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12h Updated U.S. SEC charges Rio Tinto, former top executives with fraud
Reuters
SYDNEY/NEW YORK (Reuters) - The U.S. Securities and Exchange Commission (SEC) on Tuesday charged mining company Rio Tinto Plc and two of its former top executives with fraud, saying they inflated the value of coal assets in Mozambique and concealed critical information while tapping the market for billions of dollars.
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13h Updated In One Chart: Fewer shoppers are waiting for Black Friday to get a good holiday deal
Market Watch
Data from Accenture shows that some people are avoiding Black Friday in-store events, not only because of the crowds, but because deals are ubiquitous.
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13h AmEx raises full-year forecast, says CEO will leave Feb. 1
CNBC
American Express reported quarterly earnings and revenue that beat expectations and raised its forecast for the year.
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13h Updated Earnings Outlook: EBay earnings: Poised for growth but facing an Amazon-sized hurdle
Market Watch
Ebay is expected to have a solid third-quarter showing, but Amazon looms large as a challenge to future growth
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13h Updated Market Extra: Dow’s climb to dizzying heights diminishes the significance of 1,000-point milestones
Market Watch
The Dow Jones Industrial Average just hit 23,000, representing another historic milestone for the world’s most popular equity benchmark. However, each clamber higher for the Dow will make its 1,000-point achievements far less significant—at least arithmetically speaking.
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13h Wall Street veterans are trickling into digital asset management
CNBC
Investment newsletter author Paul Brodsky said he will help a major digital assets fund open its New York office at the beginning of November.
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13h Updated The Margin: Court sides with John Deere in barring farm-equipment rival’s use of green and yellow
Market Watch
It took 107 pages to publish a ruling that bans any farm-machinery maker except Deere & Co. from using green in combination with yellow for their equipment.
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13h Updated MarketWatch First Take: IBM earnings beat is a product of tax avoidance, and it’s nothing new
Market Watch
IBM Corp. somehow managed to maintain its rock-bottom effective tax rate and enjoyed an earnings beat and stock gains Tuesday afternoon thanks to a continuing ability to avoid taxes.
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13h Called to Account: SEC is once again ‘guiding’ companies on their use of non-GAAP numbers
Market Watch
The Securities and Exchange Commission published a lengthy update Tuesday to its May 2016 guidelines for non-standard accounting metrics, the supplemental numbers companies use to explain their results that can confuse and mislead investors.
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13h Futures Movers: Oil ekes out 3-week high as U.S. crude supplies drop, but product stocks rise
Market Watch
Oil futures end with a minor gain Wednesday, just barely notching a three-week high as traders weigh support from a fourth-straight weekly decline in U.S. crude supplies and escalating tensions in the Middle East against pressure from unexpected increases in petroleum-product supplies.
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13h Updated Market Extra: 3 things investors need to know about Japan’s snap election this Sunday
Market Watch
Japan is going to the polls to vote in a snap election. Though the result will likely give more power to the incumbent Prime Minister Shinzo Abe, there is a tail risk that could derail the yen.
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13h Updated Market Extra: Retail investors see this as the ‘best time ever’ to jump into stocks. Time to worry?
Market Watch
The “most hated bull market in history” is starting to get some love, which isn’t necessarily something to cheer.
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13h We’re building bigger houses - and they’re swallowing up our yards
Market Watch
As houses get bigger, they’re encroaching on outdoor space, pushing the ratio of house-to-lot to an all-time high, according to an analysis from real estate web firm Trulia.
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13h Metals Stocks: Gold down a third day on dollar strength, with inflation risk in focus
Market Watch
Gold prices on Wednesday deepen their retreat from the key $1,300 level, as a stronger U.S. dollar weighed on precious metals prices.
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14h Why our kids need forest kindergartens
Market Watch
What if there were a better way to do early childhood education?
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14h How Daniel Radcliffe lost 14 pounds and nearly drowned, but relished filming ‘Jungle’
Market Watch
The actor embraces hunger and river rapids for his role as a man lost in the Amazon rainforest.
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14h Market Extra: Dow 23,000 will mean blue-chips 3rd fastest close above a 1,000-point milestone
Market Watch
A resurgence in the so-called Trump trade has helped propel the Dow Jones Industrial Average to a fresh closing milestone
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14h Warren Buffett just made nearly $800 million in IBM, a stock he doesn’t even like that much
CNBC
Warren Buffett is up big in his IBM position Wednesday after the company reported better-than-expected earnings.
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14h Viacom, Charter deal to include eight networks in basic package: source
Reuters
(Reuters) - Viacom Inc and Charter Communications Inc have agreed to a distribution deal that puts eight of Viacom's most popular networks in Charter's cheapest U.S. cable bundle, a source told Reuters on Wednesday.
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A Dollar-sized breakdown of how your tax dollars were spent last year14h A Dollar-sized breakdown of how your tax dollars were spent last year
USA Today
The federal budget is usually talked about in millions, billions or trillions. We broke it down to a more relatable scale. Video provided by Newsy
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Natural gas market is set to boom14h Natural gas market is set to boom
USA Today
Lower-for-longer oil prices and the advance of renewable energy and electric vehicles have made Big Oil plan for a gradual shift toward natural gas.
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14h US economy hums along, still few signs of pickup in inflation: Fed
CNBC
The U.S. central bank released its periodic report on the health of the US economy Wednesday.
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14h The Wall Street Journal: The race for the newest sweetener heats up
Market Watch
As traditional sweeteners come under attack, food companies are in hot pursuit of alternatives
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15h Hollywood has never seen competition like Netflix
Market Watch
Netflix Inc. is planning to release 80 films in 2018, which by Hollywood standards seems inconceivable.
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15h Updated Earnings Outlook: PayPal earnings: Expect double-digit growth from behind a sturdy moat
Market Watch
The digital payment company PayPal reports its third-quarter earnings this week and analysts expect strong growth and a positive outlook.
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15h Updated Hollywood’s box office failures go beyond Rotten Tomatoes ratings
Market Watch
Studios blamed critics and Rotten Tomatoes for box office bombs this summer, but critically-adored films that are struggling show it’s more complicated than that.
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15h Currencies: Dollar pares gains as euro climbs higher
Market Watch
The U.S. dollar pares its gains against most of its major rivals on Wednesday as the euro strengthens.
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15h Updated Native American tribe holding patents sues Amazon and Microsoft
Reuters
(Reuters) - A Native American tribe sued Amazon.com Inc and Microsoft Corp in federal court in Virginia on Wednesday for infringing supercomputer patents it is holding for a technology firm.
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15h Updated Trump Today: Trump Today: President says he’ll ‘never support’ bailout of insurance companies
Market Watch
President Donald Trump said Wednesday he won’t support bailing out insurance companies, in a bad sign for a bipartisan deal to shore up Obamacare. He also said a congresswoman “totally fabricated” what he said to a soldier who was killed in the line of duty and slammed the NFL for deciding to “not force” players to stand during the national anthem.
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Toyota recalls 310,000 Sienna minivans over rollaway risk15h Toyota recalls 310,000 Sienna minivans over rollaway risk
USA Today
Japanese automaker Toyota is recalling about 310,000 U.S. minivans to prevent a risk of rollaways.
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15h Boardroom pay has risen nearly 20%, twice the gain of the average American worker
CNBC
From fiscal 2012 to 2016, the median annual compensation for board members rose 19.5 percent to $245,000, corporate board data company Equilar said.
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15h Dow stays above 23,000-mark on IBM surge
Reuters
(Reuters) - The Dow Jones Industrial Average rallied above the 23,000-mark on Wednesday, propelled by IBM's 9 percent surge after the computing giant hinted a return to revenue growth.
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Google pop-up store opens in New York in time for holidays15h Google pop-up store opens in New York in time for holidays
USA Today
The tech giant is showing off its new products at stores in New York and Los Angeles.
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How to invest without losing money15h How to invest without losing money
USA Today
When it comes to returns, time is your friend.
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15h Viacom, Charter agree to network deal for basic package: source
Reuters
(Reuters) - Viacom Inc and Charter Communications have agreed to a deal that would see eight of Viacom's networks included in the least expensive package of Charter's Spectrum cable service, a source told Reuters on Wednesday.
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15h Anthem dumps Express Scripts in favor of starting its own pharmacy-benefit manager
Market Watch
Anthem’s entry is notable in a highly concentrated industry dominated by just a few large players.
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Halloween sales of candy and costumes expected to break a record16h Updated Halloween sales of candy and costumes expected to break a record
USA Today
Retailers are in for a treat this Halloween, with revelers expected to spend more on costumes, candy, and décor than ever before.
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16h UPS CEO says updated NAFTA better for economy than no trade treaty
Reuters
DETROIT (Reuters) - The top executive of United Parcel Service Inc said on Wednesday he is optimistic the U.S., Canadian and Mexican governments can successfully renegotiate NAFTA, and said not having a free trade agreement in place would not be good for the three countries' economies.
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Neiman Marcus releases 2017 Christmas Book16h Neiman Marcus releases 2017 Christmas Book
USA Today
Neiman Marcus's Christmas Book can make all of your champagne wishes and caviar dreams come true if you have the cash.
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16h Market Snapshot: Stocks hit records as IBM propels Dow back above 23,000
Market Watch
U.S. stocks rise, with major indexes hitting intraday records and the Dow industrials returning above 23,000 as the latest round of corporate earnings continue to support the market.
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16h Updated Market Extra: Poll: Are tax cuts already priced into the stock market?
Market Watch
Analysts are divided over whether investors have already priced tax cuts into stock market prices. What do you think?
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16h London Markets: FTSE 100 ends higher as weak wages keep pound under pressure
Market Watch
A continued pullback in the pound helps push U.K. stocks higher Wednesday, as lackluster figures on British wages may help shape the Bank of England’s thinking on an interest-rate hike.
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Check out the haunted castle that’s up for sale for $3.35 million16h Check out the haunted castle that’s up for sale for $3.35 million
USA Today
The Beckett’s Castle is in Maine and it can be yours for a cool for $3.35 million. Ghost included.
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16h US banks abandon crisis-era taboo of growth
CNBC
The Trump administration's regulators are expected to take a looser grip on the financial sector, Financial Times reports.
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George Soros used $18 billion to create a massive charity16h George Soros used $18 billion to create a massive charity
USA Today
He donated it to the Open Society Foundations.
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Ford door latch recall: Automaker to repair 1.3 million F-150, Super Duty pickup trucks16h Updated Ford door latch recall: Automaker to repair 1.3 million F-150, Super Duty pickup trucks
USA Today
A failure to design high-quality door latches has triggered another major recall at Ford, this time involving the most popular vehicle in the U.S.
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16h Europe Markets: Germany’s DAX rallies to another record close as euro slides
Market Watch
European stocks gain Wednesday, as falls in the euro and the pound helped exporters and offset disappointing financial updates from companies such as Zalando.
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One of the best affordable robot vacuums is 20% off right now16h Updated One of the best affordable robot vacuums is 20% off right now
USA Today
The ECOVACS DEEBOT N79 isn't the most perfect robot vacuum, but its low price makes it a great choice, especially with this exclusive 20% off promo code.
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16h Metals Stocks: Gold prices build on week’s losses as dollar gains, inflation risk in focus
Market Watch
Gold prices on Wednesday deepen their retreat from the key $1,300 level, as a stronger U.S. dollar weighed on precious metals prices.
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Lego launches new set honoring the women of NASA16h Lego launches new set honoring the women of NASA
USA Today
The pioneering women of NASA will land on a toy shelf near you. Katherine Johnson, a NASA trajectory expert, chose not to be a part of the Lego set.
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Five ways that Harley-Davidson is fighting back against falling sales16h Updated Five ways that Harley-Davidson is fighting back against falling sales
USA Today
The Milwaukee-based motorcycle maker is trying to fire up Millennials
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16h NewsWatch: Stocks hit records, Dow returns above 23,000 as IBM powers rally
Market Watch
U.S. stocks rise, with major indexes hitting intraday records and the Dow industrials returning above 23,000 as the latest round of corporate earnings continue to support the market.
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16h Updated Market Extra: S&P 500 is poised to make uncanny stock-market history this week—for doing almost nothing
Market Watch
How quiet is this stock market? By at least one measure, the S&P 500 is on pace to register is lengthiest period of quiescence in more than two decades.
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16h Ford to recall about 1.3 million trucks in North America for door latch fix
Reuters
WASHINGTON (Reuters) - Ford Motor Co said on Wednesday it would recall about 1.3 million 2015-17 Ford F-150 and 2017 Ford Super Duty trucks in North America to add water shields to side door latches at a cost of $267 million.
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17h Dow hovers above 23,000, boosted by IBM
Reuters
(Reuters) - The Dow Jones Industrial Average stayed above the 23,000-mark in late morning trading on Wednesday with solid support from IBM, which reported strong earnings.
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17h U.S. housing starts hit one-year low; building permits tumble
Reuters
WASHINGTON (Reuters) - U.S. homebuilding fell to a one-year low in September as Hurricanes Harvey and Irma disrupted the construction of single-family homes in the South, suggesting housing probably remained a drag on economic growth in the third quarter.
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‘Star Wars’-style hovercraft police are now a thing in this city!17h ‘Star Wars’-style hovercraft police are now a thing in this city!
USA Today
‘Star Wars’-style police might have been a product of George Lucas’ imagination. But now, it's actually a reality, at least in Dubai. Susana Victoria Perez (@susana_vp) has more.
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17h Updated Caroline Baum: Fed flunks econ 101: understanding inflation
Market Watch
The Federal Reserve admits that it doesn’t understand how inflation works, even though that’s it’s No. 1 job, writes Caroline Baum.
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17h Project Syndicate: The people suffer when corporations monopolize knowledge
Market Watch
Maximizing profits for a few, rather than global development and welfare for the many, doesn’t make much sense, writes Joseph Stiglitz and his co-authors.
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17h Nasdaq, Singapore Exchange sign pact for collaborative listings
Reuters
(Reuters) - Singapore Exchange Ltd and Nasdaq Inc announced a pact on Wednesday that will allow firms to tap the capital markets possibly simultaneously under the two exchange operators' namesake exchanges.
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Snickers, candy corn: What's the top-selling Halloween candy in your state?17h Updated Snickers, candy corn: What's the top-selling Halloween candy in your state?
USA Today
With Halloween coming up in a couple weeks, CandyStore.com has used 10 years of sales data to determine the most popular Halloween candy in all 50 states.
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17h Bitcoin plunges nearly 9% on fears of greater oversight from US regulators
CNBC
Bitcoin drops to its lowest level in nearly a week after indications of greater scrutiny from U.S. regulators.
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17h Futures Movers: Oil struggles to hold gains as U.S. crude supplies drop, but product stocks rise
Market Watch
Oil futures struggle to hold on to their gains Wednesday, as traders weigh support from a fourth-straight weekly decline in U.S. crude supplies and escalating tensions in the Middle East against pressure from unexpected increases in petroleum-product supplies.
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Bank fees decoded: Learn the lingo to save money17h Updated Bank fees decoded: Learn the lingo to save money
USA Today
Understanding these terms can mean the difference between having an account that works for you, and one whose fees slowly drain your balance.
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MyONE Perfect Fit offers custom-fit condom in 60 sizes17h MyONE Perfect Fit offers custom-fit condom in 60 sizes
USA Today
When it comes to condoms should there really be a one-size-fits-all? A Boston company says no.
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17h Updated Reckitt Makeover Clears Way for Pfizer Bid
The Wall Street Journal
The London-listed consumer group is doing what activist Nelson Peltz wants Procter & Gamble to do—but M&A may be an ulterior motive.
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17h Updated This fund manager says avoid Netflix altogether—don’t even short the stock
Market Watch
Netflix Inc. shares set a fresh record in early trade Tuesday after stronger-than-expected third-quarter revenue growth, but one investor is not impressed.
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17h Updated In One Chart: The death of the gas-powered car, in one chart
Market Watch
A global tipping point for electric cars could come as early as 2022, analysts at Bank of America Merrill Lynch said in a note.
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17h Updated Allergan patent suit loss sends stock down 4%
Market Watch
Allergan had made a widely-criticized agreement with an American Indian tribe to defend a key product. This lawsuit could render it all moot.
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17h IBM shares head for biggest gain in eight years
Reuters
(Reuters) - Shares in International Business Machines Inc surged 9 percent on Wednesday after it beat expectations on revenue and gave an outlook that hinted one of the world's first big computing names was back on a growth track after six years in retreat.
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17h Updated Market Snapshot: Stocks hit records, Dow returns above 23,000 as IBM powers rally
Market Watch
U.S. stocks rise, with major indexes hitting intraday records and the Dow industrials returning above 23,000 as the latest round of corporate earnings continue to support the market.
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Four-legged 'robodog' hoping to become as popular as a smartphone17h Four-legged 'robodog' hoping to become as popular as a smartphone
USA Today
A Chinese start-up is hoping its four legged 'robodog' can make quadruped robots as popular and affordable as smartphones and drones. Stuart McDill reports. Video provided by Reuters
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18h Allergan ruling casts doubt on tribal patent strategy
Reuters
(Reuters) - A U.S. judge’s ruling on Monday invalidating Allergan Plc's patents on its blockbuster $1.5 billion dry-eye medicine, Restasis, has cast doubt on the company's novel strategy to enlist a Native American tribe to help shield those patents from challenge by generic drugmakers, legal experts said.
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18h In One Chart: Americans’ No. 1 financial regret
Market Watch
Regrets? Americans have had more than a few when it comes to managing their money.
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18h Why Obamacare didn’t lower visits to emergency rooms
Market Watch
For many Americans, insurance coverage does not result in improved access to health care.
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Add a smart touch to any room with our favorite affordable smart bulb18h Add a smart touch to any room with our favorite affordable smart bulb
USA Today
The TP-Link smart bulb is the best low-cost smart bulb out there, and it's sure to brighten up any room and any lifestyle.
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18h Dow opens above 23,000, powered by IBM
Reuters
(Reuters) - The Dow Jones Industrial Average opened above 23,000 for the first time on Wednesday, powered by IBM, which hinted at a revival in its growth after six years in retreat.
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18h Updated Need to Know: Kyle Bass says this will be the first sign of a bigger market meltdown
Market Watch
Some big financial names were recently gathered up to talk about their concerns about a stock market correction. Among them, Kyle Bass, says investors should look for a 4 to 5 points drop, then be ready for the big swing lower.
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U.S. home construction tumbled 4.7% in September18h U.S. home construction tumbled 4.7% in September
USA Today
It's the biggest decline in six months, reflecting weakness in both single-family activity and apartment building.
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18h Updated Next Avenue: Most Americans are unprepared for the skyrocketing cost of long-term care
Market Watch
The cost of long-term care keeps rising, and most Americans mistakenly think that Medicare will pay for it.
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18h Updated The Wall Street Journal: Why REITs may not be so special
Market Watch
A heavy dose of real-estate investment trusts won’t improve your portfolio, argues a new study
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18h Updated Dow opens above 23,000 on strong IBM results
Reuters
(Reuters) - The Dow Jones Industrial Average opened above 23,000 for the first time on Wednesday following strong quarterly results from IBM.
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19h The Wall Street Journal: Diet soda isn’t good for you: Why this doctor is swearing them off
Market Watch
Drinks and foods marketed to help us maintain weight may have been helping us to gain it.
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19h Updated The Wall Street Journal: Saving for college? Here are some alternatives to the 529 account
Market Watch
As popular as ‘529’ college-savings plans are, there are several useful alternatives. Some have drawbacks.
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19h Updated Money Milestones:Your 70s is not the time to wind down retirement savings
Market Watch
For some, this is the beginning of a new phase of retirement savings.
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19h Updated All the money milestones to hit in every decade of your life
Market Watch
Experts say this is the ideal retirement savings timeline.
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19h Capitol Report: The Dow may have hit 23K, but Americans aren’t exactly splurging
Market Watch
Are Americans still anxious about their financial future even after eight years of a growing economy? Their hesitation to spend on certain “extras” such as going out to eat, visiting Disney World or buying a club membership suggests lingering angst.
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Flights to Europe are now on sale for under $300 round-trip19h Flights to Europe are now on sale for under $300 round-trip
USA Today
Icelandair is celebrating their new Economy Light airfare category.
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19h The Wall Street Journal: Energy company founded by the late Aubrey McClendon is planning an IPO
Market Watch
Ascent Resources LLC, the Appalachian oil-and-gas explorer founded by late oilman Aubrey McClendon and two big energy-investment firms, is preparing for an initial public offering or a sale, according to people familiar with the matter.
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Airplanes are about to get quieter — Here's why that's a good thing19h Airplanes are about to get quieter — Here's why that's a good thing
USA Today
Anyone in the U.S. who lives under a flight path — about 7 million people — has something to be excited about.
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19h The Tell: Get ready for brutally weak market returns over the next decade
Market Watch
If you are an investor desperately in need of double-digit returns, then Morgan Stanley has some disappointing news for you
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Donald Trump’s fortune took a $600 million hit19h Donald Trump’s fortune took a $600 million hit
USA Today
Dropping 92 spots on Forbes’ 400 rich list.
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Workplace: 7 tips for dealing with a 'psycho' boss19h Updated Workplace: 7 tips for dealing with a 'psycho' boss
USA Today
Even the best boss can seem like a tyrant sometimes. But did you know some bosses are actual psychopaths?
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19h Your first trade for Wednesday, October 18
CNBC
The "Fast Money" traders share their first moves for the market open.
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19h U.S. housing starts hit one-year low in September
Reuters
WASHINGTON (Reuters) - U.S. homebuilding fell to a one-year low in September as Hurricanes Harvey and Irma disrupted the construction of single-family homes in the South, suggesting housing probably remained a drag on economic growth in the third quarter.
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19h Updated Ford to recall about 1.3 million vehicles in North America
Reuters
The No.2 U.S. automaker said the safety recall is due to frozen door latch or a bent or kinked actuation cable in the affected vehicles, that may result in a door not opening or closing.
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19h Merck shares jump after Citi upgrade on stronger cancer drug sales
CNBC
Citi increased its peak Keytruda sales forecast on the drug to $16 billion from $9 billion.
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19h Updated FA Center: The 7 tough questions you need to ask your financial adviser
Market Watch
Here’s how to evaluate how committed a prospective adviser is your financial success.
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19h FA Center: International investing has plenty of benefits — here’s why you shouldn’t oversell them
Market Watch
The benefits of international diversification largely disappear when they’re needed most.
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19h NewsWatch: Kyle Bass says this will be the first sign of a bigger market meltdown
Market Watch
Some big financial names were recently gathered up to talk about their concerns about a stock market correction. Among them, Kyle Bass, says investors should look for a 4 to 5 points drop, then be ready for the big swing lower.
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Careers: Get inspired by 6 crazy tactics that got people hired19h Careers: Get inspired by 6 crazy tactics that got people hired
USA Today
A strong resume helps in getting hired. However, sometimes it takes a little more to nab a job.
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19h Dow set to crack 23,000-mark at open for the first time
Reuters
(Reuters) - The Dow Jones Industrial Average was poised to open above 23,000 for the first time on Wednesday following a series of upbeat earnings reports from marquee companies.
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Orlando will have the world's first Airbnb-branded apartments19h Orlando will have the world's first Airbnb-branded apartments
USA Today
Florida-bound travelers will soon have another contender to add to their lists
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19h Global stocks stay buoyant as monetary policy focus builds
Reuters
MILAN (Reuters) - World stocks stayed near all-time peaks and the dollar extended a winning streak on Wednesday as the focus on upcoming changes to monetary policies in the U.S. and the euro zone grew.
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19h Updated FA Center: The odd trick that helps investors avoid damaging habits: nagging
Market Watch
Investors significantly increased returns upon being reminded of the all-too-human tendency to behave irrationally.
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19h Updated FA Center: Join us in Los Angeles for a panel discussion on international investing
Market Watch
What do financial advisers need to know when considering overseas investments for their clients? That’s what our panel will discuss at a MarketWatch event on Tuesday, Oct. 24, in Los Angeles.
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19h Updated FA Center: The surprisingly simple way to profit from shareholder activism
Market Watch
There are plenty of complex ways to do it — and compelling reasons why you shouldn't use them.
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19h Updated FA Center: How your adviser’s risk aversion can hurt your portfolio
Market Watch
It’s important for advisers and investors to have frank discussions about advisers’ complex incentives.
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20h Economic Report: Housing starts tumble in September
Market Watch
Builders broke ground on fewer homes and applied for fewer permits, a setback in the housing market.
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20h Updated Market Extra: 5 reasons why investors need to watch China’s National Party Congress
Market Watch
Investors can’t afford to ignore a crucial gathering of China’s most powerful officials.
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20h Updated Market Snapshot: Dow industrials on track for push above 23,000, as IBM’s rally provides a lift
Market Watch
U.S. stock futures on Wednesday point to a modest gain at the open, putting the Dow industrials on course to rise above 23,000 one day after they briefly traded above that big round number for the first time.
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20h U.S. housing starts fall to one-year low
Reuters
WASHINGTON (Reuters) - U.S. homebuilding fell to a one-year low in September as Hurricanes Harvey and Irma disrupted the construction of single-family homes in the South, suggesting that housing probably remained a drag on economic growth in the third quarter.
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Former Ford CEO Mark Fields takes job with private equity firm20h Former Ford CEO Mark Fields takes job with private equity firm
USA Today
Mark Fields, who was forced out of his CEO post at Ford in May, will be a senior adviser at TPG Capital, a global private equity firm.
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Surface Book 2 unveiled along with update to Windows20h Surface Book 2 unveiled along with update to Windows
USA Today
Along with the release of the Windows 10 Fall Creators update, Microsoft unleashes the pricey Surface Book 2 laptop
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20h New leadership and earnings beat propel UnitedHealth stock to all-time high
Market Watch
Company stock surged 6.6% in extremely heavy trade, putting it on track for its biggest one-day price gain in 33 years.
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JPMorgan acquires Silicon Valley-based payments firm WePay20h JPMorgan acquires Silicon Valley-based payments firm WePay
USA Today
Investment bank JPMorgan Chase said Tuesday that it would provide its 4 million small businesses clients with WePay's payments technology.
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Politics and stocks: New ETFs try to profit from Republican and Democrat policy moves20h Updated Politics and stocks: New ETFs try to profit from Republican and Democrat policy moves
USA Today
Two new ETFs try to make money based on what policies are being put forth by America's two political parties.
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20h Updated Johnson & Johnson discards two hoped-for billion-dollar drugs
Market Watch
The company said in May that the two were among 11 ‘potential blockbuster’ drugs.
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20h Metals Stocks: Gold futures build on week’s losses as dollar gains, inflation risk in focus
Market Watch
Gold futures on Wednesday deepened their retreat from the key $1,300 level, as a stronger U.S. dollar weighed on precious metals prices.
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Mexico locks in $46 per barrel in 2018 oil hedge20h Mexico locks in $46 per barrel in 2018 oil hedge
USA Today
Mexico’s Deputy Finance Minister Vanessa Rubio said that the hedge will be supported by a specially set up Oil Revenue Stabilization Fund.
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20h Market Extra: Why ETFs won’t cause, or worsen, an 1987-style stock-market crash
Market Watch
The stock market of 2017 is very different than the market of 1987, when a historic one-day collapse occurred, and one of the biggest changes is the now-ubiquitous presence of ETFs.
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20h The Wall Street Journal: Nielsen finally offering networks desired insight into Netflix ratings
Market Watch
Content owners are about to get a lot more insight into viewership of shows on Netflix, which has long held such sought-after ratings data close to the vest.
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21h When the revolution eats itself
The Economist
WHEN a revolution happens, the consequences are not obvious straight away. The British referendum on EU membership in June 2016 was seen as a revolt of ordinary people against a globalised elite. The politicians who led the Leave campaign did not seem to expect to win; as wags remarked, they were like "the dog that caught the car". This helps to explain the that has enveloped British policy since the result. The Leave campaign had contained two contradictions. The first was that Britain could have all the advantages of EU membership without the bother of actually belonging; the country could "have its cake and eat it" as Boris Johnson, Leave campaigner and now foreign secretary put it. The second was the . Theresa...
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21h Futures Movers: Oil prices buoyed by persistent Middle East tensions
Market Watch
Escalating tensions between Iraq’s central government and the semi-autonomous Kurdish region have boosted crude prices in recent days, amid concerns the conflict could crimp exports from the area.
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21h Currencies: Dollar lines up for 5th-straight win
Market Watch
The U.S. dollar on Wednesday advanced toward a fifth straight winning session, tracking gains for U.S. Treasury yields while the British pound sagged after weak data on wages.
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21h Updated Deep Dive: These stocks have popped more than 75% since Trump was elected
Market Watch
The president boasted Monday that U.S. stocks have risen 25% on his watch. By Phil van Doorn.
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21h Updated Deep Dive: Netflix shows that it has no real competitors
Market Watch
When it comes to sales growth, Netflix buries other content creators and broadcasters. By Phil van Doorn.
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21h Dow set to open above 23,000 for the first time
Reuters
(Reuters) - The Dow Jones Industrial Average was poised to open above 23,000 for the first time on Wednesday following a series of upbeat earnings reports from marquee companies.
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Avoid these 3 mistakes when picking a Medicare plan during open enrollment21h Avoid these 3 mistakes when picking a Medicare plan during open enrollment
USA Today
The program's fall open enrollment period runs through Dec. 7. You should evaluate your current coverage even if you've been happy with it.
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21h The only thing scary about the Dow is that nothing seems to scare it
CNBC
The S&P 500 has not had a drawdown greater than 3 percent this year. Nothing at all seems to move the needle. Why?
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21h Racist epithets, drawings at Tesla factory, ex-workers allege in latest suit
Market Watch
Three former Tesla assembly workers charged in a new suit filed this week that the company’s factory is a hostile workplace for black employees.
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UAE oil giant seeks partnership for possible IPO21h UAE oil giant seeks partnership for possible IPO
USA Today
In early August, ADNOC said it would split its existing offshore oil concession into two or more concessions with new terms.
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21h The incredible shrinking American yard
Market Watch
As houses get bigger, they’re encroaching on outdoor space, pushing the ratio of house-to-lot to an all-time high, according to an analysis from real estate web firm Trulia.
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22h Asia Markets: Chinese stocks log mixed finish as China’s party congress gets underway
Market Watch
Stock markets were muted in Asian trade on Wednesday, sticking to narrow ranges as the first day of China’s 19th Communist Party Congress drew to a close.
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22h The Wall Street Journal: Germany’s top court denies request to halt ECB bond buying
Market Watch
Germany’s top court threw out a cease-and-desist request that could have halted the European Central Bank’s giant bond-buying program, offering some comfort to ECB policy makers as they prepare to extend the purchases into 2018.
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22h Updated World markets steady as China congress starts and monetary policy gets back in focus
Reuters
MILAN (Reuters) - World stocks stayed near peaks and currencies moved in tight ranges on Wednesday as China's Communist Party conference opened and the focus in Europe turned to speeches from top euro zone central bankers before next week's key policy meeting.
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22h : China’s Xi makes swipe at ‘America First’ — and 4 other key parts of his big speech
Market Watch
Chinese President Xi Jinping spoke for more than three hours Wednesday at a big gathering of the communist nation’s political elite.
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22h London Markets: FTSE 100 rises as weak wages keep pound under pressure
Market Watch
A continued pullback in the pound helped push U.K. stocks higher Wednesday, as lackluster figures on British wages may help shape the Bank of England’s thinking on an interest-rate hike.
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22h Should You Buy Retailers for Christmas?
The Wall Street Journal
Retail stocks are, as the Wall Street cliché puts it, cheap for a reason. But are they too cheap?
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23h Europe Markets: DAX heads for new record, as euro slide helps exporters
Market Watch
European stocks gained Wednesday, as falls in the euro and the pound helped exporters and offset disappointing financial updates from companies such as Zalando.
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23h Danone board to meet Wednesday over management issues: source
Reuters
PARIS (Reuters) - Danone's board will meet on Wednesday afternoon to discuss senior management issues, said a source close to the matter who declined to give further details, amid media reports that its chairman will stand down.
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23h JPMorgan buys fintech start-up WePay
CNBC
The investment bank said Tuesday it would provide its 4 million small businesses clients with WePay's payments technology.
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23h Europe aviation agency advises suspending use of Kobe Steel products
Reuters
PARIS (Reuters) - Europe's aviation regulator has advised aircraft manufacturers to suspend using parts from Kobe Steel until their legitimacy can be proved, following revelations about data cheating at the Japanese company.
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23h Outside the Box: Smart money and dumb money are moving in opposite directions
Market Watch
Professional traders are taking a record amount of short positions against the Dow Jones Industrial Average. By Stephen McBride.
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23h NerdWallet: Ask yourself these 3 questions to test your small business idea
Market Watch
Is your idea sound? Here are some of the essential ingredients of a successful business.
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23h Credit.com: 20 cities where people are flipping the most homes
Market Watch
The top 20 U.S. metro areas with the most flipped homes in the second quarter of 2017.
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24h Market Snapshot: Dow industrials on track to stay around 23,000 milestone
Market Watch
U.S. stock futures on Wednesday point to a muted open, keeping the Dow industrials on course to hold around 23,000 one day after they briefly traded above that big round number for the first time.
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24h Updated Kobe Steel to hold bidding for real estate unit on Friday: Bloomberg
Reuters
TOKYO (Reuters) - Japanese steelmaker Kobe Steel Ltd , embroiled in a data falsification scandal that has roiled global supply chains, will hold a first round of bidding on Friday in the planned sale of a real estate unit, Bloomberg News reported on Wednesday.
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24h London Markets: FTSE 100 rises as eyes turn to wages data
Market Watch
A continued pullback in the pound helped push U.K. stocks modestly higher Wednesday, as investors waited for an update on jobs and wage growth that should help shape the Bank of England’s thinking on an interest-rate hike.
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25h Mitsubishi Motors checking how Kobe Steel parts affected by false data
Reuters
TOKYO (Reuters) - Mitsubishi Motors Corp is investigating how components from suppliers containing Kobe Steel Ltd parts have been affected by the steelmaker's falsified data on product quality, the chief executive of the carmaker said on Wednesday.
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25h Updated In One Chart: San Francisco has the top salaries in America. And it may be the worst city to save money
Market Watch
Just because you live in a big city and can command a large salary doesn’t mean you’re actually saving money. In fact, quite the opposite.
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25h Updated Market Extra: What would ETFs do in a 1987-style stock-market crash?
Market Watch
The stock market of 2017 is very different than the market of 1987, when a historic one-day collapse occurred, and one of the biggest changes is the now-ubiquitous presence of ETFs.
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25h Updated BookWatch: Amazon, Apple, Google and Facebook will all go away within 50 years, says author
Market Watch
Scott Galloway, a professor and former entrepreneur, sees an uncertain future for Amazon.com, Apple Inc., Facebook and Alphabet Inc.’s Google in his new book on the powerful tech giants, “The Four.”
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25h Updated The New York Post: Trump reportedly tells soldier’s widow: ‘He knew what he signed up for’
Market Watch
President Donald Trump reportedly told the widow of a Green Beret who died in Niger that the soldier “knew what he signed up for” during a phone call on Tuesday.
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26h Updated Wall Street’s Faber says U.S. wouldn’t have made as much ‘progress’ if colonized by blacks
Market Watch
Swiss investor Marc Faber has doubled down on racially charged remarks suggesting that the U.S. would be in a worse if it had been colonized by blacks instead of whites.
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26h Updated PG&E should be broken up if responsible for California wildfires, lawmaker says
Market Watch
PG&E Corp., Northern California’s largest public utility, should be broken up if it is found to be at fault for the devastating wildfires that swept across Wine Country, a state senator said Tuesday.
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26h Top Credit Suisse investor says activist plan needs be looked into: FT
Reuters
ZURICH (Reuters) - Credit Suisse's largest shareholder wants the bank's management to consider parts of the break-up plan proposed by an activist investor, including shifting the group's investment banking unit to the United States from Switzerland, the Financial Times reported on Wednesday.
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27h Mitsubishi Motors aims to move on from scandal with 30 percent sales-boost goal
Reuters
TOKYO (Reuters) - Mitsubishi Motors Corp plans to boost sales volume and revenue by 30 percent in three years and spend more on research and development (R&D), as the automaker expands in the United States and China and moves on from a mileage cheating scandal.
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27h Silent Partners: The bankrollers behind the rush of Australia shareholder lawsuits
Reuters
SYDNEY (Reuters) - After Australian internet company Vocus Telecommunications Ltd gave its second profit warning in seven months, fund manager David Pace received an email from a law firm asking him to join a shareholder class action.
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27h Updated Harvey Weinstein resigns from Weinstein Co board
Reuters
LOS ANGELES (Reuters) - Harvey Weinstein has resigned from the board of The Weinstein Company, it said on Tuesday, as he faces allegations that he sexually harassed or assaulted a number of women over three decades in the film business.
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28h Mitsubishi Motors eyes 30 percent rise in vehicle sales in three years
Reuters
TOKYO (Reuters) - Mitsubishi Motors Corp on Wednesday said it planned to boost revenue and annual car sales by 30 percent in the next three years and crank up R&D investment as the Japanese automaker expands its presence in Asia, the U.S. and China while it draws a line under last year's mileage cheating scandal.
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