Back News Thursday, October 19, 2017
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34m 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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39m NewsWatch: Amazon’s second headquarters could be curative or curse for winning city’s real-estate market
Market Watch
The housing market—as it relates to Amazon’s economic reach, its probable boost to demand for diverse housing types and the tension between homeowners sitting on higher home values versus buyers and renters pushed entirely out of the market—must be a major consideration as metro areas march forward in their pursuit to become the e-commerce giant’s second home.
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41m S&P 500 ekes out record high, turns higher after Fed Powell report
Reuters
NEW YORK (Reuters) - The Dow and S&P 500 eked out record closing highs on Thursday, turning higher at the last minute after a Politico report that Federal Reserve Governor Jerome Powell is the leading candidate for the nominee for Fed chair.
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Hey coffee drinkers: McDonald's McCafe drinks slow down service, drive-thrus43m Updated Hey coffee drinkers: McDonald's McCafe drinks slow down service, drive-thrus
USA Today
Some franchisees complain the more complex drinks take too much time for workers to make.
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46m PayPal quarterly profit beats on higher mobile transaction volume
Reuters
(Reuters) - Payment processor PayPal Holdings Inc reported a better-than-expected quarterly profit on Thursday, helped by mobile payments volume that more than doubled.
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48m Airbus CSeries deal unlikely to spur quick boost in sales: Air Lease CEO
Reuters
MONTREAL (Reuters) - Airbus SE's deal with Bombardier boosts confidence in the CSeries jet program but may not spur many new sales until it is finalized and a U.S. trade dispute is resolved, the head of a major aircraft leasing firm said on Thursday.
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48m Bond Report: Treasury yields slip as geopolitical tensions rise; Trump seen favoring Powell for Fed boss
Market Watch
Treasury prices rose, pulling yields lower, on Thursday after the Spanish government said it would suspend Catalonia’s autonomy if the breakaway region doesn’t hold off on its independence bid.
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55m Market Snapshot: S&P 500, Dow shake off ghost of 1987 crash to finish at records
Market Watch
The S&P 500 and the Dow overcame selling pressure Thursday to finish at records as Wall Street quietly commemorated the 30th anniversary of the 1987 crash.
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1h Amazon’s second headquarters could be curative or curse for winning city’s real-estate market
Market Watch
The housing market—as it relates to Amazon’s economic reach, its probable boost to demand for diverse housing types and the tension between homeowners sitting on higher home values versus buyers and renters pushed entirely out of the market—must be a major consideration as metro areas march forward in their pursuit to become the e-commerce giant’s second home.
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1h 2m Wall Street ends flat; late gains on Fed Powell report
Reuters
NEW YORK (Reuters) - U.S. stocks closed flat on Thursday, coming back from sharp losses after the open, while Apple fell more than 2 percent to lead a decline in technology shares.
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Black Monday: How this market differs from 1987 crash1h 3m Updated Black Monday: How this market differs from 1987 crash
USA Today
Today's stock market has built-in shock absorbers designed to slow a market meltdown
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1h 6m MongoDB shares rally 34% in first day of trading above elevated IPO price
Market Watch
MongoDB Inc. shares rally out of the gate on their first day of trading Thursday, following in the footsteps of recent booming tech IPOs like Roku Inc. and Switch Inc.
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Consumer Reports: Toyota tops for reliability -- and Cadillac is last1h 7m Updated Consumer Reports: Toyota tops for reliability -- and Cadillac is last
USA Today
Asian automakers take the top three places, but Detroit shows some improvement
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1h 8m Under Armour, Gap add personal touch with subscription service launches
Market Watch
Companies like Stitch Fix, Trunk Show and Le Tote are taking market share from other online apparel retailers, reflecting the popularity of online styling and subscription services
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1h 9m Updated Earnings Outlook: McDonald’s earnings: $1 drinks, premium sandwiches and digital will drive growth
Market Watch
McDonald’s Corp. is expected to announce third-quarter earnings on Oct. 24 before the opening bell.
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1h 10m Why student loan companies are in danger of becoming like airlines
Market Watch
A new merger brings the number of major companies servicing government student loans down from 4 to 3
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4 wildest stunts for Amazon's second headquarters: Cities compete for 50,000 jobs1h 11m 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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1h 12m 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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1h 13m Updated GE stock options point to big move after earnings, dividend cut
Market Watch
GE stock options are pricing in the biggest one-day, post-earnings move in over four years, and are implying a dividend cut.
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1h 15m Paypal third-quarter profit rises 17.6 percent
Reuters
(Reuters) - Payment processor PayPal Holdings Inc reported a 17.6 percent rise in quarterly profit, helped by higher ecommerce spending.
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Sign your receipt? MasterCard customers can skip it1h 15m Updated Sign your receipt? MasterCard customers can skip it
USA Today
Change becomes effective in April
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1h 30m Facebook to launch news subscription feature, some big names opt out
Reuters
(Reuters) - Facebook Inc said on Thursday it has signed up 10 news publishers including the Washington Post and The Economist to take part in a trial that gives its mobile app users access to a limited number of articles a month and then the option to subscribe via the publishers' own websites.
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iPhone 8 seems to have an iPhone X problem. Awkward.1h 34m Updated iPhone 8 seems to have an iPhone X problem. Awkward.
USA Today
Reports indicate that smartphone buyers are holding out for the iPhone X, sparking fears that demand for the iPhone 8 isn't as strong as anticipated.
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1h 43m 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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Qualcomm CEO is staying confident through trying times1h 44m Qualcomm CEO is staying confident through trying times
USA Today
Steve Mollenkopf believes Qualcomm’s investment in the 'internet of things' positions them for unlimited potential.
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1h 49m The Wall Street Journal: Wal-Mart close to deal that would add Lord & Taylor to its e-commerce site
Market Watch
Wal-Mart, in yet another effort to battle Amazon, is closing in on a deal that would give department store Lord & Taylor dedicated space on its site.
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1h 50m U.S. auto reliability dented by new technology; electric cars fare better: report
Reuters
DETROIT (Reuters) - New technology to stream music into dashboards or boost fuel efficiency is making cars less reliable, although electric cars such as the Tesla Model 3 and the Chevrolet Bolt should fare better than many conventional models, Consumer Reports magazine said on Thursday.
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1h 50m Medill News Service: The wage gap will always trump immigration barriers, World Bank official says
Market Watch
No matter what roadblocks are put in place, at the end of the day it’s economics and in particular wage gaps that drive immigration flows, a World Bank expert said Thursday
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1h 53m Tesla’s Model 3 likely to be ‘average’ in reliability, Consumer Reports says
Market Watch
Consumer Reports predicts the Tesla Model 3 will be ‘average’ in reliability, and Tesla shots back.
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2h Wall Street pauses after record highs; tech a drag
Reuters
NEW YORK (Reuters) - U.S. stocks were flat on Thursday, pausing after their recent run of record highs, as technology shares dragged and some earnings disappointed.
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2h PayPal earnings expected after the market close
CNBC
PayPal is expected to report earnings after the bell Thursday a week after its stock closed at a 52-week high.
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2h Earnings Outlook: Internet TV platforms expected to soften cord-cutting blows for media in third quarter
Market Watch
Cord-cutting is still at the forefront of third-quarter earnings for media companies, the majority of which begin reporting next week.
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2h Updated Market Extra: S&P 500 a day away from matching uncanny stock-market history—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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2h The New York Post: Kelly defends Trump’s call to Gold Star widow
Market Watch
White House Chief of Staff John Kelly, who lost his Marine lieutenant son in Afghanistan, on Thursday defended President Trump’s handling of a controversial call to a Gold Star widow
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Did you know that Amazon has wind and solar farms?2h Did you know that Amazon has wind and solar farms?
USA Today
Jeff Bezos just christened a new one in Texas.
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2h Futures Movers: Oil ends lower after 4-session climb sends prices to highest levels in weeks
Market Watch
Oil futures end lower Thursday, pulling back after four-consecutive sessions of gains lift prices to their highest levels in weeks.
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Coffins and 9 other 'unexpected' Costco finds2h Coffins and 9 other 'unexpected' Costco finds
USA Today
We've picked out the greatest deals Costco offers shoppers... one of them is a coffin! Nathan Rousseau Smith (@FantasticMrNate) has the story.
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Leonardo Da Vinci's 'Male Mona Lisa' can be yours for just $100M (or more)2h Updated Leonardo Da Vinci's 'Male Mona Lisa' can be yours for just $100M (or more)
USA Today
The painting vanished for centuries, then turned up in England in 1958 where it sold for £45 as a work from another artist.
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Verizon sees more signs of pay-TV cord cutting2h Updated Verizon sees more signs of pay-TV cord cutting
USA Today
Verizon saw more evidence of consumers' embrace of broadband-delivered TV with additions of new Fios broadband customers, but a decline in Fios video.
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Kohl's fights back in retail battle by aligning with Amazon2h Kohl's fights back in retail battle by aligning with Amazon
USA Today
Kohl's is offering Amazon a physical foothold to promote its increasingly popular smart-home devices.
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5 IRS tax benefit adjustments you'll want to know about in 20182h 5 IRS tax benefit adjustments you'll want to know about in 2018
USA Today
The IRS has raised the standard tax deduction for individuals and married couples, and made other tax changes for the 2018 tax year
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2h UnderArmour, Gap add personal touch with subscription service launches
Market Watch
Companies like Stitch Fix, Trunk Show and Le Tote are taking market share from other online apparel retailers, reflecting the popularity of online styling and subscription services
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Delta 'in fabulous shape' as CEO discusses upgrades, Bombardier and more2h Updated Delta 'in fabulous shape' as CEO discusses upgrades, Bombardier and more
USA Today
CEO addressed topics such as Boeing’s contentious battle with Canadian jetmaker Bombardier and Delta's efforts to distance itself from U.S. rivals on service.
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2h Updated Key Words: Goldman’s Blankfein loves Frankfurt, trolls U.K. over Brexit
Market Watch
Lloyd Blankfein’s Twitter troll game is strong Thursday, with the Goldman boss firing a shot at the U.K. over Brexit by extolling the virtues of Germany’s financial capital.
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See the cities hoping to land 50,000 Amazon jobs, headquarters2h Updated See the cities hoping to land 50,000 Amazon jobs, headquarters
USA Today
Dozens of cities bidding for the second Amazon headquarters, where the company has promised to invest $5 billion and add up to 50,000 jobs.
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2h In One Chart: BlackRock is worried about North Korea, but not as much as it’s worried about this
Market Watch
There’s plenty for investors to chew their fingernails down to the nub over in today’s unsettled global landscape, but nothing poses more of a geopolitical risk to markets than the North American trade negotiations, according to Isabelle Mateos y Lago, BlackRock’s chief multiasset strategist.
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2h Updated When he’s not on the field, pro soccer’s Amobi Okugo is the ‘Frugal Athlete’
Market Watch
The Major League Soccer star’s year-old site combines financial advice, media analysis and consumer-friendly news-you-can-use.
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Shares of United Airlines tumble after 3Q financial report2h Shares of United Airlines tumble after 3Q financial report
USA Today
Analysts for evidence that adding more flights and slashing prices to match budget carriers are boosting the company’s financial performance.
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2h Capitol Report: Trump gives Puerto Rico response a ‘10’ as most of island remains without power
Market Watch
President Donald Trump gave the federal response to hurricane-battered Puerto Rico a “10” on Thursday, but by several measures the island is operating at much lower than a perfect score.
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2h The New York Post: This list of Hollywood’s most profitable stars is hard to believe
Market Watch
Analysts from PartyCasino have studied box-office data from 1980 to 2017 and found that Emilio Estevez delivered the best return of any top-billed male actor who has starred in at least 10 films.
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2h Key Words: George W. Bush decries ‘forces pulling us apart’
Market Watch
Like many others of his political leaning, Senator Jim Dabakis found himself in unfamiliar territory on Thursday morning.
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3h Updated In One Chart: All of the important Dow milestones in one chart
Market Watch
Just over two months after hitting 22,000, the Dow Jones Industrial Average made history again on Wednesday closing above the psychologically significant level at 23,000. Here’s a look at the other 1,000-point milestones
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3h What Americans of every age should know about the state of retirement today
Market Watch
Exercise really does help and Social Security might still be around when millennials retire.
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Mass EV adoption could lead to $10 oil3h Mass EV adoption could lead to $10 oil
USA Today
The adoption of electric vehicles could lead to global peak oil demand as soon as 2023, which will result in oil prices crashing to $10.
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3h Microsoft expands rural U.S. campaign with Green Bay Packers tie-up
Reuters
SAN FRANCISCO (Reuters) - Microsoft Corp has teamed up with the National Football League's Green Bay Packers in a $10 million partnership intended to spur tech innovation in Wisconsin, the software company said on Thursday.
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3h 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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Is Black Friday no longer relevant?3h Is Black Friday no longer relevant?
USA Today
There probably won’t be much of a frenzy at the mall this upcoming Black Friday. Veuer's Natasha Abellard(@NatashaAbellard) has the story.
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3h Market Snapshot: Dow trades off session lows but slumps on 30th anniversary of 1987 crash
Market Watch
U.S. stock benchmarks on Thursday trim early losses but are still in negative territory a day after posting a trio of all-time highs and closing above the psychologically important level of 23,000 for the Dow.
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Hey coffee drinkers: McDonald's McCafe drinks slow down service, drive-thrus: Analyst3h Hey coffee drinkers: McDonald's McCafe drinks slow down service, drive-thrus: Analyst
USA Today
Some franchisees complain the more complex drinks take too much time for workers to make.
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3h 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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3h Updated Retailers should get ready for another stressful year in 2018
Market Watch
The stress in the retail sector that has triggered a string of bankruptcies this year is unlikely to get much better in 2018, according to Fitch Ratings.
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Family that got creepy letters from house ‘Watcher’ has day in court3h Family that got creepy letters from house ‘Watcher’ has day in court
USA Today
Current owners of the New Jersey 'Watcher' home accused the previous owners of not disclosing information about a series of disturbing letters.
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3h The 5 best movies featuring Black Monday
Market Watch
The best film depictions of that fateful day.
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3h Market Extra: OPEC beware: The rebound in U.S. shale oil production hasn’t peaked yet
Market Watch
The sharp rebound in U.S. shale oil production is showing no signs of tapering off and will likely keep a lid on oil prices in coming years even as OPEC continues to cut production, according to a number of industry experts.
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McDonald's McCafe drinks slow down service, drive-thrus: Report3h McDonald's McCafe drinks slow down service, drive-thrus: Report
USA Today
Some franchisees complain the more complex drinks take too much time for workers to make.
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3h Updated 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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3h Why HR isn’t necessarily your friend if your boss has sexually harassed or bullied you
Market Watch
Workers facing situations like Harvey and Bob Weinstein’s employees have limited options for recourse.
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3h 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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3h Updated The Ratings Game: Ebay shares sink 6% after weak guidance, but analysts say growth is on the way
Market Watch
Ebay is on the path to growth, optimistic analysts say, but its soft guidance has sent shares down
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4h Target CEO says small-format stores twice as productive as traditional
Reuters
NEW YORK (Reuters) - Sales per square foot at Target Corp's 44 small-format stores are "easily double" that at traditional stores, Target Chief Executive Brian Cornell said on Thursday, after the retailer announced 11 new small-format stores opening this week.
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This bagel will cost you $1,0004h This bagel will cost you $1,000
USA Today
New York City is really big on bagels, but this one takes the ... bagel.
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4h Apple drags down Wall Street from record highs
Reuters
(Reuters) - Losses in Apple stalled Wall Street's record run on Thursday as worries over slack demand for iPhone 8 sent its shares down 2.5 percent.
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4h Updated GM to settle state ignition claims for $120 million
Reuters
WASHINGTON (Reuters) - General Motors Co on Thursday agreed to pay $120 million to resolve claims from 49 U.S. states and the District of Columbia over faulty ignition switches, state attorneys general said.
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SeaWorld is laying off 350 workers4h SeaWorld is laying off 350 workers
USA Today
SeaWorld lays off 350 people. Elizabeth Keatinge (@elizkeatinge) has more.
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Tesla improves in Consumer Reports survey -- but what about Model 3?4h Tesla improves in Consumer Reports survey -- but what about Model 3?
USA Today
The electric car automaker sees a higher rating for the Model S -- and a prediction for the Model 3
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Kohl's makes move in retail battle with Amazon devices4h Kohl's makes move in retail battle with Amazon devices
USA Today
Kohl's is offering Amazon a physical foothold to promote its increasingly popular smart-home devices.
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Kohl's is now selling Amazon devices and accepting returns4h Updated Kohl's is now selling Amazon devices and accepting returns
USA Today
Kohl's is offering Amazon a physical foothold to promote its increasingly popular smart-home devices.
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These award-winning Bose headphones are nearly half off right now4h These award-winning Bose headphones are nearly half off right now
USA Today
The Bose QuitComfort 25 over-ear wired headphones are great for noise cancellation, but it's even better when you can save nearly 50%.
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4h U.S. jobless claims hit 44-1/2-year low; mid-Atlantic factories humming
Reuters
WASHINGTON (Reuters) - The number of Americans filing for unemployment benefits dropped to its lowest level in more than 44-1/2 years last week, pointing to a rebound in job growth after a hurricane-related decline in employment in September.
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4h The Fed: Don’t kid yourself — John Taylor’s a hawk, analyst says
Market Watch
Is John Taylor really as much as a hawk as he sounds? Yes, the Fed chief candidate is.
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4h Why are so many romance novelists white?
Market Watch
The authors, as well as the characters, are rarely people of color
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5h Updated London Markets: FTSE 100 gives up ground; Unilever falls after hurricanes hurt sales
Market Watch
U.K. stocks end lower Thursday as shares of Unilever weigh and as weaker-than-expected retail-sales data cool buying appetite.
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5h United Airlines shares tumble as fourth quarter guidance underwhelms
Reuters
(Reuters) - United Airlines shares fell sharply on Thursday, losing as much as 11.5 percent in midday trading as investors sold the carrier's shares after it released disappointing forecasts for the fourth quarter.
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5h New York Yankees venture into esports industry with new partnership
CNBC
The New York Yankees just became the latest in a growing number of traditional sports franchises to jump into esports.
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5h How scans of your brain could change the future of retail
Market Watch
Researchers found that brain activity was a better predictor of consumer preferences than questionnaires.
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5h 3 reasons Anthem’s latest move could signal long-term trouble for Express Scripts
Market Watch
Threatened by Amazon and having lost its biggest client, Express Scripts stock has dropped nearly 18% in three months.
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5h Market Extra: These are the countries that treat investors the best (and the worst)
Market Watch
The U.S. has been a good place to invest this year, based on returns. It is also the best country to be an investor, according to a Morningstar survey.
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5h Europe Markets: European stocks dragged to 3-week low by Catalonia, China concerns
Market Watch
An escalation of political tensions in Spain, a clutch of disappointing corporate updates and concerns about growth in China prompted investors on Thursday to yank down European stocks.
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5h Updated : Standoff in Spain intensifies, as government gears up to strip autonomy from Catalonia
Market Watch
Spain’s crisis with Catalonia deepens Thursday as the government says it will take action to start implementing Article 155 in which it removes powers from the region. That comes after the Catalan government refused to back away from an independence proclamation.
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5h Outside the Box: Americans are still terrible at investing, annual study once again shows
Market Watch
It’s not about fees or unscrupulous advisers — it’s that we lack the patience to hold investments for more than a few years. By Lance Roberts.
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5h NewsWatch: Black Monday anniversary: How the 2017 stock market compares with 1987
Market Watch
It is the 30th anniversary of Black Monday, and while worries about market structure abound, investors shouldn’t compare the 2017 rally to the 1987 surge that preceded the most cataclysmic single day in Wall Street history.
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4 ways to save on Halloween costumes, candy and more5h 4 ways to save on Halloween costumes, candy and more
USA Today
Halloween spending will reach scarry levels this year at $9.1 billion. Here are a few tricks to save.
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5h Updated Deep Dive: Three money managers who lived through the 1987 stock-market crash warn of danger today
Market Watch
‘I would take some money off now because ... there are clear signs of deranged valuations,’ says Gabelli fund manager Lawrence Haverty.
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5h Stocks retreat from record, U.S. Treasury yields slip
Reuters
NEW YORK (Reuters) - World stock markets broadly retreated amid investor caution after a flurry of tepid corporate earnings reports from around the globe, stoking demand instead for safer assets like U.S. Treasuries, pushing yields lower.
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5h Key Words: 41-year-old Donald Trump’s take on Black Monday? Exactly what you’d expect it to be
Market Watch
If Twitter had existed in the aftermath of Black Monday back in 1987, his comment to The Wall Street Journal would have made for the most Donald Trump tweet ever.
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Verizon gains wireless subscribers6h Verizon gains wireless subscribers
USA Today
The U.S.' largest carrier added more phone subscribers than Wall Street expected in the latest quarter. Fred Katayama reports. Video provided by Reuters
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New Microsoft Windows 10 update adds to 3D, security6h 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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6h Economic Report: Mortgage rates snap their streak higher as Fed chair auditions heat up
Market Watch
Rates for home loans slid lower alongside bond yields in the most recent week, according to Freddie Mac data.
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Retail credit cards can be worthwhile if used properly6h Retail credit cards can be worthwhile if used properly
USA Today
Retail, or store-branded, credit cards have high interest rates, but they could still be worthwhile if you use them properly.
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6h Apple stock’s worst day in 2 months accounts for over half of Dow’s drop
Market Watch
Apple’s stock tumbles toward its worst day in over two months, amid a broad selloff in the tech sector.
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6h Metals Stocks: Gold prices on pace to end streak of declines
Market Watch
Gold prices trade higher on Thursday, on track to snap a three-session skid as political drama in the eurozone rattles investor confidence and the U.S. dollar and equities decline, lifting investment demand for the haven asset.
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6h Updated Verizon quarterly revenue tops estimates as subscribers rise
Reuters
NEW YORK (Reuters) - Verizon Communications Inc's quarterly revenue topped Wall Street analyst estimates on Thursday and the company added more phone subscribers than expected, sending shares of the No. 1 U.S. wireless carrier up in mid-morning trading.
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The 5 youngest billionaires in America6h The 5 youngest billionaires in America
USA Today
They may be young, but they're loaded. Here are the 5 youngest billionaires in America
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6h Market Snapshot: Dow slips as stocks retreat from records on 30th anniversary of 1987 crash
Market Watch
U.S. stock benchmarks on Thursday slump after posting a trio of all-time highs and closing above the psychologically important level of 23,000 for the Dow. Modest losses are driven by a slump in technology and financials shares.
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6h Visitors are still flocking to Mexico despite U.S. warnings
Market Watch
Big tourist hubs were affected by the latest travel advisory.
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6h Updated Did you hear about the Whole Foods data breach?
Market Watch
Whole Foods announced a data breach as consumers were scrambling to understand a much bigger breach at Equifax. Was that timing merely a coincidence?
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6h 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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6h 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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6h This is how much time your kids should spend in front of a screen
Market Watch
Most parents don’t know how to regulate their children’s use of gadgets.
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6h Updated MongoDB IPO: 5 things to know about database-software company
Market Watch
MongoDB Inc. is the next big tech initial public offering after booming debuts from Roku Inc. and Switch Inc., as the database software startup valued at more than $1.5 billion looks to increase its “financial flexibility.”
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6h Updated The Fed: With Trump set to meet Yellen, Pence reportedly backs Taylor to lead Fed
Market Watch
On the day Federal Reserve Chairwoman Janet Yellen is set to meet President Donald Trump, a published report suggested that Vice President Mike Pence favors Stanford economist John Taylor.
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6h ETF Focus: Investors pile into overseas ETFs, as U.S. stocks test records
Market Watch
U.S. investors are increasingly looking abroad as they consider how to construct and position their portfolios, a trend that continued over the past week as exchange-traded funds for emerging markets and other overseas regions were among the most adopted.
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6h Key Words: Attorney General Sessions tells senators he won’t forswear the jailing of journalists
Market Watch
Head of Justice Department in Senate testimony paid none of the traditional obeisance to the important role played by a free press in a democratic society, says Sen. Amy Klobochar.
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6h This simple investment strategy could 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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6h A geopolitical row with China damages South Korean business further
The Economist
IN A cosmetics emporium in central Seoul, rows of snail-slime face-masks sit untouched. Not long ago, visiting Chinese tourists would snap these up as avidly as a designer handbag in New York or anything from London featuring the Queen. Yet now their rejuvenating properties are failing to lure the country’s shoppers. Seo Sung-hae, a salesman, says business has slowed to a snail’s pace, because of a drop in the number of Chinese visitors. “We used to have 100 customers a day, but after THAAD, there are almost none,” he says.   THAAD, or Terminal High Altitude Area Defence, is an American missile-defence system designed to guard against North Korea that was installed in South Korea starting in March. Chinese authorities protest that its radar could be used to spy on its territory. Chinese newspapers have encouraged consumers to boycott South Korean goods. The plan was to “bully” Korea into ditching...
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6h A property billionaire rescues Harvey Weinstein’s studio
The Economist
AS DISTRESSED assets go, the Weinstein Company (TWC) is uniquely distressing. Much of its value was bound up in the brands of its eponymous founding brothers, one of whom, Harvey Weinstein, has been accused of sexual harassment and of assault by dozens of women in the film industry in America and elsewhere. Amazon Studios, Apple and some television networks have hastened to cut ties with the studio, unwind production deals and remove Mr Weinstein’s name from credits. Mr Weinstein’s accusers may well sue the company. It was already heavily indebted after a recent string of box-office flops. Who would see an opportunity? Aside from TWC’s particular troubles, independent films are a tough business, and the studio has had to haggle with creditors. But for a vulture investor some of the studio’s assets hold value. On October 16th Thomas Barrack (pictured above), chairman of Colony Capital, a private-equity firm, said he would immediately put an undisclosed sum of cash into TWC and look...
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6h Saudi Aramco’s IPO is a mess
The Economist
THE proposal to sell shares in Saudi Aramco, the world’s biggest oil company, stunned the financial markets last year. Muhammad bin Salman, now Saudi Arabia’s crown prince, promised that it would be the biggest initial public offering (IPO) of all time, valuing Aramco at $2trn. It was to be the centrepiece of his plan to transform the Saudi economy, reducing its dependence on oil. It was meant to foster financial transparency and accountability in one of the world’s most hermetic kingdoms. Above all, it would cement the young prince’s image as a bold moderniser soon to inherit the throne. Alas, youthful impatience appears to have got the better of him. His tendency to micromanage the IPO and vacillate over where Aramco should be listed has caused delay and confusion. Matters came to a head this week when advisers, speaking anonymously, and company executives doing the same, gave conflicting reports, suggesting a mutinous atmosphere. The kingdom’s advisers say...
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6h Why Airbus’s tie-up with Bombardier is so damaging for Boeing
The Economist
LIKE an airliner in service, Bombardier’s C-Series programme has had multiple highs and lows. In 2008 the Canadian firm began its attempt to break Airbus and Boeing’s duopoly on smaller jets, spooking the pair into upgrading their own models. Costs and delays pushed it near bankruptcy in 2015, followed by a bail-out from the Quebec government worth C$2.8bn ($2.2bn). The next year an order for 75 C-Series jets from Delta, the world’s third-biggest carrier, kept the programme aloft. But decisions in September and October by America’s Commerce Department to agree to demands by Boeing, an aerospace giant, to impose a total tariff of 300% on importing those planes into America risked the C-Series project crashing once and for all. On October 16th came a surprise surge. Bombardier said it would hand over half the project to Airbus, a European aerospace firm, free of charge. Bombardier and Investissement Québec, the province’s...
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6h An Indian aviation visionary runs into bureaucratic turbulence
The Economist
ALL great aviation ventures start with mavericks willing to defy both the laws of physics and the scepticism of their peers. William Boeing, Oleg Antonov and Howard Hughes are some of the best-known examples. Next, perhaps, is Amol Yadav, who for much of the past decade has been building aeroplanes on the roof of the Mumbai flat he shares with 18 family members, and battling the Indian authorities to let him fly them. Admittedly, only experts would be able to distinguish the six-seater propeller plane (pictured) Mr Yadav has designed from scratch from a run-of-the-mill Cessna. But his plane is the only one in decades with wholly Indian credentials, he says. Much larger outfits have tried but struggled to get an indigenous craft certified for production, including National Aerospace Laboratories, one of several state-owned aviation mastodons. Self-identified visionaries are commonplace in...
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6h IBM lags in cloud computing and AI. Can tech’s great survivor recover?
The Economist
TECHNOLOGY giants are a bit like dinosaurs. Most do not adapt successfully to a new age—a “platform shift” in the lingo. A few make it through two and even three. But only a single company spans them all: IBM, which is more than a century old, having started as a maker of tabulating machines that were fed with punch cards. Yet after 21 quarters with falling year-on-year revenues (see chart), doubts had been growing about whether IBM would manage the latest big shifts: the move into the cloud, meaning computing delivered as an online service; and the rise of artificial intelligence (AI), which is a label for...
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6h Multilateral lenders vow openness about their carbon footprints
The Economist
THE World Bank gets a lot of flak. Developing countries clamour for a bigger role in its management. President Donald Trump’s administration lambasts it for lending too much to China. Employees are in open rebellion against their boss, Jim Yong Kim. Now the embattled institution faces criticism from a traditionally friendlier quarter: environmentalists. They accuse it and other multilateral development banks (MDBs) of not being upfront about their true carbon footprint. That must hurt. After all, MDBs pioneered climate-friendly finance. Ten years ago the European Investment Bank issued the world’s first green bond to bolster renewables and energy-efficiency schemes. The World Bank has not backed a coal-fired plant since 2010. In 2011-16 it and the five big regional lenders in the Americas, Asia, Africa and Europe offered developing countries a total of $158bn to help combat climate change and adapt to its effects. They disclose the amount of carbon dioxide emitted by their day-to-day...
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6h A Lloyd’s report urges insurers to ask “what if?”
The Economist
ON JULY 7th disaster was narrowly averted when an Air Canada passenger plane, trying to land on a full taxiway at San Francisco airport, pulled up just in time. Five seconds longer, and it might have crashed into fully loaded planes and killed over 500 people, in potentially the deadliest aviation disaster ever. Instead, the incident became a non-event—not just in collective memory but also in insurance. With no losses, there was nothing to log. Yet ignoring such near-misses, argues a report published this week by Lloyd’s of London, an insurance market, and RMS, a risk-modeller, is a missed opportunity. Counterfactual “what if” thinking may be an enjoyable pastime for historians—“What if Hitler had been assassinated?” being one favourite—but is not common among underwriters. They prefer to base estimates of future risk—and hence premiums—on hard data of what happened in the past, eg, the number of aeroplanes that crashed and the total losses incurred. Since actual...
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6h A rash of bankruptcies hits Chinese lenders backed by state firms
The Economist
THE Communist Party dominates China’s economy and uses state-run companies, which it controls with an iron fist, to enforce its diktats. Or so the theory goes. Reality is messier: the party often struggles to monitor state-owned enterprises (SOEs), let alone to get them to toe its line. As it convenes its five-yearly congress, one of the financial system’s dodgiest corners has served up a reminder of the limits to its power. In the past two months at least seven online lenders backed by SOEs have collapsed. It was a business none should have been in, far removed from the industries they were supposed to focus on. The money potentially lost is trivial—roughly 1bn yuan ($150m), compared with government assets worth more than 100trn yuan. Still, these cases highlight how hard it is for the party to stamp its authority on the vast state sector. The troubled SOEs include distant subsidiaries of the national nuclear company, an aviation company and a big energy company in...
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6h Workers are not switching jobs more often
The Economist
EVERYBODY knows—or at least thinks he knows—that a millennial with one job must be after a new one. Today’s youngsters are thought to have little loyalty towards their employers and to be prone to “job-hop”. Millennials (ie, those born after about 1982) are indeed more likely to switch jobs than their older colleagues. But that is more a result of how old they are than of the era they were born in. In America at least, average job tenures have barely changed in recent decades. Data from America’s Bureau of Labour Statistics show workers aged 25 and over now spend a median of 5.1 years with their employers, slightly more than in 1983 (see chart). Job tenure has declined for the lower end of that age group, but only slightly. Men between the ages of 25 and 34 now spend a median of 2.9 years with each employer, down from 3.2 years in 1983. It is middle-aged men whose relationship with their employers has changed most dramatically. Partly because of a collapse in the...
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6h Economic Report: Mortgage rates snap their higher streak as Fed chair ‘reality show’ heats up
Market Watch
Rates for home loans slid lower alongside bond yields in the most recent week, according to Freddie Mac data.
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6h Market Extra: Here’s how the 2017 stock market compares with 1987 on 30th anniversary of Black Monday crash
Market Watch
It is the 30th anniversary of Black Monday, and while worries about market structure abound, investors shouldn’t compare the 2017 rally to the 1987 surge that preceded the most cataclysmic single day in Wall Street history.
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6h 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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6h 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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6h Updated 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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7h Updated Is your hedge-fund manager a psychopath? Why that could be bad for your returns
Market Watch
Researchers’ findings challenge the popular image of cold and calculating Wall Street titans.
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U.S. unemployment claims fall to 222,000, lowest in 44 years7h U.S. unemployment claims fall to 222,000, lowest in 44 years
USA Today
The overall number of Americans collecting unemployment checks dropped to 1.89 million, lowest since December 1973 and down nearly 9% from a year ago.
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7h Updated Nissan to suspend domestic production of cars for Japan market
Reuters
TOKYO (Reuters) - Nissan Motor Co Ltd is suspending domestic production of vehicles for the Japanese market for at least two weeks to address misconduct in its final inspection procedures that led to a major recall, it said on Thursday.
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7h Market Extra: Here’s how the stock market stacks up on 30th anniversary of 1987 crash
Market Watch
It is the 30th anniversary of Black Monday, and while worries about market structure abound, investors shouldn’t compare the 2017 rally to the 1987 surge that preceded the most cataclysmic single day in Wall Street history.
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Wind turbine technician is the fastest-growing job in America7h Wind turbine technician is the fastest-growing job in America
USA Today
Wind energy is booming in Middle America and creating a huge demand for workers who can keep turbines spinning. Video provided by Newsy
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7h Updated More than half of LGBT workers face repeated bullying
Market Watch
Why LGBT discrimination is bad for business.
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7h Updated The Wall Street Journal: Try these 4 exercises to start the money conversation with your spouse
Market Watch
Money is often one the biggest topics that separates couples. Here’s how to break the ice.
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7h Economic Report: Mortgage rates snap rising streak as Fed chair reality show heats up
Market Watch
Rates for home loans slid lower alongside bond yields in the most recent week, according to Freddie Mac data.
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7h 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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7h Updated Next Avenue: How to recover from a financial setback
Market Watch
These financial resilience strategies can help you rebound faster and stronger.
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7h Updated NerdWallet: How to build a CD ladder
Market Watch
A CD ladder will get you higher interest rates without sacrificing accessibility.
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7h Updated Grow: Earn passive income: 4 people share their successful strategies
Market Watch
Say hello to passive income—a low-effort cash flow that’s steady, predictable and relatively easy to maintain.
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7h Market Snapshot: Dow stumbles on 30th anniversary of 1987 crash
Market Watch
U.S. stock benchmarks on Thursday slump after posting a trio of all-time highs and closing above the psychologically important level of 23,000 for the Dow. Modest losses are driven by a slump in technology and financials shares.
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7h Unilever Cost-Cutting Turns Out to Be Twisty Path to Profits
The Wall Street Journal
The Anglo-Dutch consumer giant has been hit by upstart competitors like ice-cream brand Halo Top, as brand-building is a less predictable business than it used to be.
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7h Updated Major League Soccer’s Amobi Okugo has a side hustle: He’s the ‘Frugal Athlete’
Market Watch
His year-old site combines financial advice, media analysis and consumer-friendly news-you-can-use.
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7h Currencies: Dollar pares losses after jobless claims, Philly Fed
Market Watch
The U.S. dollar moved up from an intraday low to pare some losses against its major rivals on Thursday after the release of weekly jobless claims and the Philadelphia Federal Reserve’s manufacturing report.
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8h Wall Street opens lower as tech stocks slide
Reuters
(Reuters) - U.S. stocks opened lower on Thursday, a day after scaling record highs, amid a fall in technology stocks led by Apple.
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8h Updated Is Amazon getting into the pharmacy business? This is what you need to know
Market Watch
The massive online retailer with a reputation for disruption could be coming for the notoriously complex, opaque drug industry.
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8h Strategist Jeff Saut: The 8-year-old bull market still has up to nine more years left
CNBC
It's not even close to being too late to buy into stocks, says the veteran Wall Street expert.
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8h U.S. jobless claims hit more than 44-year low
Reuters
WASHINGTON (Reuters) - The number of Americans filing for unemployment benefits dropped to its lowest level in more than 44 years last week, pointing to a rebound in job growth after a hurricane-related decline in employment in September.
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8h Updated Stocks stumble off all-time highs, kiwi takes a dive
Reuters
LONDON (Reuters) - World stocks set a fresh record high before stalling in Europe on Thursday, as the longest winning streak for Japanese stocks since 1988 and the first close above 23,000 for Wall Street's Dow index helped to offset nerves about Spain.
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8h Your first trade for Thursday, October 19
CNBC
The "Fast Money" traders share their first moves for the market open.
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8h Saudi needs Aramco billions as recession slows austerity drive
Reuters
DUBAI (Reuters) - Saudi Arabia's plans to sell state assets - including a stake in energy giant Saudi Aramco - are becoming even more important to its finances as a recession slows Riyadh's effort to close a budget deficit caused by low oil prices.
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8h Key Words: Chinese central bank official Zhou warns of sudden collapse in asset prices
Market Watch
Zhou Xiaochuan, speaking on the sidelines of China’s 19th Communist Party congress Thursday, uttered a more cautious assessment than government officials have offered.
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Workplace worries: 10 jobs with the highest divorce rates8h Workplace worries: 10 jobs with the highest divorce rates
USA Today
One of the worst side effects of a job is when it interferes with marriages.
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8h NewsWatch: As Dow clings to 23K, this broader benchmark is running into a roadblock
Market Watch
The Dow is finally dropping today after a four-session runup that has taken it above 23,000 and surprised lots of folks. Today’s call looks at a far broader stock benchmark and sees a reason it could stumble.
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8h Updated Six differences in the stock market between today and 1987
Market Watch
The market environment is wholly different from 30 years ago, writes Nigam Arora.
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8h Updated Need to Know: As Dow clings to 23K, this broader benchmark is running into a roadblock
Market Watch
The Dow is finally dropping today after a four-session runup that has taken it above 23,000 and surprised lots of folks. Today’s call looks at a far broader stock benchmark and sees a reason it could stumble.
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8h Market Snapshot: Dow poised to stumble on 30th anniversary of 1987 crash
Market Watch
U.S. stock benchmarks on Thursday looks set to stumble after posting a trio of all-time highs and closing above the psychologically important level of 23,000 for the Dow.
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8h 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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8h Updated 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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8h Capitol Report: Senate Republicans on track to pass budget plan | Facebook’s general counsel to testify to Congress in Russia probe
Market Watch
Senate Republicans are on track to pass a budget plan that paves the way for a tax bill; Facebook’s general counsel to testify before Congress in Russia probe; President Donald Trump will host Puerto Rico Gov. Ricardo Rossello at the White House Thursday; and more.
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8h Economic Report: Initial jobless claims slump to 44-year low
Market Watch
The number of Americans who applied for unemployment benefits in mid-October fell to the lowest level since the spring of 1973. The upshot: The strongest labor market since at least 2000 shows no sign of weakening.
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8h Economic Report: Philly Fed manufacturing index lurches to a 5-month high in October
Market Watch
Factory activity in the Mid-Atlantic surprised to the upside in October, the Philadelphia Fed said.
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8h U.S. jobless claims drop to more than 44-year low
Reuters
WASHINGTON (Reuters) - The number of Americans filing for unemployment benefits fell to its lowest level in more than 44 years last week, pointing to a rebound in job growth after a hurricane-related decline in employment in September.
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9h 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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9h Updated Baron Funds money manager goes all in to beat the stock market
Market Watch
Alex Umansky makes concentrated bets — Amazon accounts for 15% of his Baron Fifth Avenue Growth Fund. By Michael Brush.
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9h Updated Dr. Copper Needs Lessons in Chinese Medicine
The Wall Street Journal
Copper is testing three-year highs and the Dow has just broken 23000. Is global growth about to go through the roof? Unlikely: take a closer look at China.
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9h Updated Box Stacks Up its Cloud Gains
The Wall Street Journal
Young tech companies like to move fast and break things, but humbled upstart Box has discovered the value of taking things slow and steady.
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9h 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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Planting trees could cut emissions as much as quitting oil9h Planting trees could cut emissions as much as quitting oil
USA Today
Planting more forests and managing land use better could be the biggest natural climate solution.
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9h Updated Verizon quarterly profit meets estimates as subscribers rise
Reuters
NEW YORK (Reuters) - Verizon Communications Inc's quarterly profit met Wall Street analyst estimates as the No. 1 U.S. wireless carrier added subscribers.
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9h IBM’s stock surge is one for the history books
Market Watch
IBM’s stock surge after third-quarter results will stand out in history, as it produced its second-biggest-ever price gain, and the biggest percentage gain in nearly nine years.
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9h Market Snapshot: Dow poised for shaky open on 30th anniversary of 1987 crash
Market Watch
U.S. stock benchmarks on Thursday looks set to stumble after posting a trio of all-time highs and closing above the psychologically important level of 23,000 for the Dow.
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9h Updated Tim Mullaney: Does this market have another 10% to run?
Market Watch
It’s not farfetched to think the market could go up another 10% by the end of next year, writes Tim Mullaney.
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9h 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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9h The Wall Street Journal: Apple Watch cellular feature cut off in China
Market Watch
Apple Watch’s new feature of having an independent cellular connection was abruptly cut off in China, without explanation.
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9h The Wall Street Journal: Embattled Kobe Steel’s aluminum clears safety checks at Toyota, Honda, other auto makers
Market Watch
Auto makers’ statements suggest that the documentation problems first revealed by Kobe Steel on Oct. 8 may not lead to widespread recalls, although the car manufacturers cautioned that investigations were continuing.
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9h Futures lower as technology stocks dip
Reuters
(Reuters) - U.S. stock index futures pointed to a lower start for Wall Street led by a drop in tech stocks Apple and eBay, on a day that marks 30 years since the 1987 Black Monday stock market crash.
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Open enrollment: How Medicare Advantage will change in 201810h Open enrollment: How Medicare Advantage will change in 2018
USA Today
Medicare plans change every year, but 2018 will likely include more changes than usual.
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10h 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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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 Private jets are getting cheaper
The Economist
ONE of the first corporate jets was owned by Harry Ogg, the president of a washing-machine company. Bought in 1929, the four-passenger plane was named “Smilin’ Thru” and was decked out with a desk, a typewriter and space for washing machines. On sales trips Ogg told the pilot to fly low over a town, with the plane’s siren wailing. The commotion drew residents to the airport, where Ogg demonstrated the benefits of his white goods in a slick sales pitch. Most aspects of corporate jet setting have changed since Ogg’s day. Planes are more likely to be owned by a hedge-fund manager than a white-goods salesman. They are kitted out with televisions rather than typewriters. Moreover, they tend to be too costly for entrepreneurs to use as clever marketing tools. Yet even though such stunts remain a dream for many, their revival may be edging slightly closer. That is because the price of private jets has tumbled in the last few years,
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10h Amazon offered billions in tax breaks for second U.S. headquarters
Reuters
(Reuters) - U.S. cities are offering Amazon.com Inc at least as much as $7 billion in tax breaks ahead of a Thursday deadline as they compete to house its second headquarters.
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10h Updated 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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Black Friday sales timing may be based on trying to pre-empt Amazon10h Black Friday sales timing may be based on trying to pre-empt Amazon
USA Today
We’re more than a month away from the Black Friday shopping extravaganza and the predictions are rolling in.
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10h Updated Japan carmakers vouch for safety of some Kobe Steel parts; company future uncertain
Reuters
TOKYO (Reuters) - Three Japanese automakers on Thursday said they found no safety issues with aluminum parts made by Kobe Steel Ltd , allaying some concerns that falsified quality data on products from the steelmaker had compromised their vehicles.
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10h Futures Movers: WTI crude, Brent pull back from highest point 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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10h Fancy being a landlord? Here are 10 metros offering double-digit rental returns
Market Watch
Several cities offer would-be landlords double-digit returns, according to an analysis out Thursday.
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10h Nissan says to suspend all Japanese car production
Reuters
YOKOHAMA (Reuters) - Nissan said on Thursday it was suspending all car production in Japan after finding that some final vehicle checks were still being carried out by uncertified inspectors at three of its plants.
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10h The New York Post: New York’s most iconic buildings go orange in bid to woo Amazon
Market Watch
Officials lit up some of the city’s most iconic landmarks—including the Empire State Building and One World Trade Center—in Amazon’s signature color Wednesday night in a bid to court the Seattle-based mega-online retailer, which is looking to build a second corporate campus.
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Ask a Fool: How are my dividends taxed?11h Ask a Fool: How are my dividends taxed?
USA Today
Dividend taxes depend on your total income and the nature of the dividend payments.
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Black Monday 1987: Memories of the stock market's worst day11h Updated Black Monday 1987: Memories of the stock market's worst day
USA Today
Wall Street pros that worked on Black Monday in 1987 share their memories from the worst day in stock market history.
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Black Monday: Can a 1987-style stock market crash happen again?11h Updated Black Monday: Can a 1987-style stock market crash happen again?
USA Today
Black Monday's 30th anniversary raises question: is stock market at risk of another 1987-style crash.
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30 years on: Could there be another Black Monday?11h 30 years on: Could there be another Black Monday?
USA Today
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. Video provided by Reuters
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11h Unilever sales disappoint as competition bites big brands
Reuters
LONDON (Reuters) - Unilever reported lower-than-expected third-quarter sales, losing market share to smaller competitors and dampening hopes that an aborted takeover offer from Kraft Heinz would spark a swift improvement.
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11h Updated 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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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 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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Why so many automakers are ditching spare tires11h Why so many automakers are ditching spare tires
USA Today
Better replacement options make all the difference
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11h Market Snapshot: Dow 23,000 on the line as eBay, Apple help drive U.S. stock futures lower
Market Watch
U.S. stock futures took a sharp tumble before paring some of those losses on Thursday, with weakness concentrated in the tech sector, such as eBay, which cut its forecast late Wednesday and Apple. Others pointed to news that the Spanish government will strip Catalonia of independence this weekend as a trigger.
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11h Asia Markets: Hong Kong stocks drop nearly 2% as Chinese growth slows
Market Watch
China stocks extended losses Thursday as data rolled in showing a slowdown for growth, but in Japan, the Nikkei was notched another two-decade high.
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11h Companies that burn up $1bn a year are sexy, dangerous, and statistically doomed
The Economist
YVES SAINT LAURENT, Lady Gaga, David Bowie. Some people do not operate by the same rules as everyone else. Might the same be true of companies? Most bosses complain of being slaves to short-term profit targets. Yet a few flout the orthodoxy in flamboyant fashion. Consider Tesla, a maker of electric cars. This year, so far, it has missed its production targets and lost $1.8bn of free cashflow (the money firms generate after capital investment has been subtracted). No matter. If its founder Elon Musk muses aloud about driverless cars and space travel, its shares rise like a rocket—by 66% since the start of January. Tesla is one of a tiny cohort of firms with a licence to lose billions pursuing a dream. The odds of them achieving it are similar to those of aspiring pop stars and couture designers. Investing today for profits tomorrow is what capitalism is all about. Amazon lost $4bn in 2012-14 while building an empire that now makes money. Nonetheless, it is rare for big companies to...
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11h Novartis to shut U.S. generics plant, cut 450 jobs
Reuters
ZURICH (Reuters) - Swiss drugmaker Novartis is to cut 450 jobs in the United States over the next two years as it gradually shuts a generics manufacturing plant in Colorado and discontinues some products in the face of intense price pressures.
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12h Europe Markets: European stocks hit by cocktail of worries over Catalonia, China
Market Watch
An escalation of political tensions in Spain, a clutch of disappointing corporate updates and concerns about growth in China prompted investors to yank down European stocks on Thursday.
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12h Airbus A330neo takes off on maiden flight
Reuters
TOULOUSE, France (Reuters) - Airbus on Thursday began the maiden flight of its A330neo jetliner, an upgraded version of its profitable A330 line designed to sharpen competition with the latest version of Boeing's 787 Dreamliner.
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12h World stocks stumble after all-time high, kiwi takes a dive
Reuters
LONDON (Reuters) - World stocks set a fresh record high before stalling in Europe on Thursday, as the longest winning streak for Japanese stocks since 1998 and the first close above 23,000 for Wall Street's Dow index helped to offset nerves in Spain.
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12h Airbus A330neo successfully takes off on maiden flight
Reuters
TOULOUSE, France (Reuters) - Airbus on Thursday began the maiden flight of its A330neo jetliner, an upgraded version of its profitable A330 family designed to sharpen competition with the Boeing 787 Dreamliner.
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13h London Markets: FTSE 100 gives up ground; Unilever slips after hurricanes hurt sales
Market Watch
U.K. stocks lost ground Thursday, with shares of consumer products heavyweight Unilever after its earnings report, while investors waited for figures on spending by British consumers.
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13h Currencies: Euro rises as Spain-Catalonia showdown remains a worry
Market Watch
The shared currency moves higher ahead of a deadline for Catalan officials to declare independence or now, and a possible decision by the Spanish government to strip the region of its autonomy. The dollar largely flattened.
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13h 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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14h 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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14h 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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14h 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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14h 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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14h 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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14h 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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15h 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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15h 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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15h 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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15h 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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15h 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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16h 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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16h 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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17h 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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18h 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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18h 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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19h 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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19h 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 say19h 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 us19h 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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19h 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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19h 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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19h 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. 219h 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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20h 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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20h 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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20h 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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20h 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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20h 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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20h 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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20h 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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20h 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 headquarters20h 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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21h 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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21h 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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Dow ends short of 23K21h 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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22h 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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22h 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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22h 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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22h 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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22h 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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23h 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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23h 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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23h 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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23h 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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23h 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 201823h 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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24h 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?24h 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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24h 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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24h 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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24h 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 ratings24h 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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24h 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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24h 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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24h 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 23,00024h 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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24h 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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24h 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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24h 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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25h 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 sales25h 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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25h 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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25h 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 burger25h 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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25h 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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25h 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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25h 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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25h 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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25h 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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25h 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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25h 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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25h 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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25h 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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26h 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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26h 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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26h 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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26h 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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26h 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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26h 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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26h 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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26h Why our kids need forest kindergartens
Market Watch
What if there were a better way to do early childhood education?
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26h 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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26h 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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27h 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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27h 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 year27h 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 boom27h 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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27h 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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27h 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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27h 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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27h 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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28h 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 risk28h 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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28h 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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28h 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 holidays28h 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 money28h How to invest without losing money
USA Today
When it comes to returns, time is your friend.
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28h 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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28h 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 record28h 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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28h 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 Book28h 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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29h 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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29h 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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29h 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 million29h 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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29h 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 charity29h 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 trucks29h 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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29h 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 now29h 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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29h 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 NASA29h 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 sales29h 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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29h 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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29h 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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29h 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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29h 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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29h 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!29h ‘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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29h 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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30h 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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30h 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?30h 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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30h 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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30h 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 money30h 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 sizes30h 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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30h 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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30h 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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30h 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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30h 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 smartphone30h 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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30h 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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30h 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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30h 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 bulb31h 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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31h 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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31h 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 September31h 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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31h 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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31h 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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31h 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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31h 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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31h 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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31h 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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32h 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-trip32h 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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32h 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 thing32h 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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32h 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 hit32h 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' boss32h 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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32h Your first trade for Wednesday, October 18
CNBC
The "Fast Money" traders share their first moves for the market open.
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32h 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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32h 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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32h 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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32h 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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32h 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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32h 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 hired32h 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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32h 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 apartments32h 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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32h 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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32h 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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32h 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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32h 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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32h 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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32h 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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32h 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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32h 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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33h 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 firm33h 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 Windows33h 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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33h 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 WePay33h 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 moves33h 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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33h 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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33h 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 hedge33h 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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33h 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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33h 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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33h 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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33h 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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33h 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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33h 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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34h 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 enrollment34h 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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34h 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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34h 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 IPO34h 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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34h 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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34h 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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34h 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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35h 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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35h : 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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35h 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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35h 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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35h 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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35h 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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36h 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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36h 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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36h 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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36h 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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36h 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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36h 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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37h 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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37h 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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37h 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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38h 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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38h 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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38h 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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38h 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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39h 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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39h 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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39h 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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40h 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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40h 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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41h 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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