Business News - The Last 24 Hours

Vishal Wanchoo appointed CEO of GE South Asia
Indiatimes - 23 min 56 sec ago
Wanchoo succeeds Banmali Agrawala, who is moving on from GE to join Tata Sons as President of its infrastructure, defence and aerospace business.
RELATED:
CNBC - Wells Fargo CEO tells employees to brace for more negative headlines - 18 hours 41 min ago
Indiatimes - Action points raised by CEOs may be incorporated in Niti Aayog’s 15-year vision text - 19 hours 54 min ago
Reuters - Chevron CEO John Watson to step down: WSJ - 22 hours 46 sec ago
COMMENTARY:
Fox Business - T-Mobile CEO John Legere Goes After Verizon, Again - 1 hour 51 min ago
Zacks - GoDaddy CEO Blake to Retire, Wagner Named as His Successor - 2 hours 53 min ago
BusinessInsider - Okta CEO Todd McKinnon is officially the 14th fittest man in the world — for his age - 14 hours 35 min ago
TechCrunch - 16 Things CEOs Should Do Before an IPO - 23 hours 23 min ago
VIDEO:
CNBC Video - McGraw-Hill CEO: A.I. in the classroom is here - 5 hours 21 min ago



Whole Foods shareholders approve sale to Amazon
Reuters - 35 min 36 sec ago
LOS ANGELES (Reuters) - Whole Foods Market Inc on Wednesday said shareholders in the natural and organic grocery chain cleared the way for its proposed $13.7 billion sale to Amazon.com Inc.
RELATED:
BBC - Whole Foods shareholders back Amazon deal - 36 min 41 sec ago
CNBC - Whole Foods shareholders vote in approval of Amazon deal - 1 hour 41 min ago
CNN - Amazon eyes yet another industry: education - 2 hours 44 min ago
COMMENTARY:
BusinessInsider - Amazon is building giant spheres to give its employees a 'direct link to nature' - 54 min 52 sec ago
Fox Business - Whole Foods shareholders say yes to Amazon deal - 1 hour 7 min ago
VIDEO:
CNBC Video - Whole Foods shareholders approve Amazon buyout - 1 hour 34 min ago



Samsung's Galaxy Note 8 phone aims to rebuild consumer trust
CNN - 50 min 54 sec ago
Samsung is breathing new life into its Note smartphone brand nearly one year after its massive recalling of fire-prone phones.
RELATED:
China Daily - Over 70 percent of Chinese consumers aware of sustainable consumption - 5 hours 54 min ago
COMMENTARY:
24/7 Wall St. - 6 Stocks Hispanic Consumers Could Drive Sky-High This Fall - 1 hour 33 min ago
VIDEO:
CNBC Video - Start-ups using new media disrupting big consumer firms: Pro - 10 hours 39 min ago



Samsung will launch a new Gear smartwatch next week ahead of the Apple Watch
CNBC - 54 min 31 sec ago
Samsung's unveiling will happen at the IFA consumer electronics show in Berlin next week.
RELATED:
CNBC - Samsung confirms plans for its own smart speaker to rival Amazon Echo, Apple HomePod - 54 min 31 sec ago
New York Times - Apple Scales Back Its Ambitions for a Self-Driving Car - 16 hours 23 min ago
COMMENTARY:
Fox Business - Apple Phone Sales Appear To Be Steady Ahead Of September Launch - 1 hour 31 sec ago
TechCrunch - Apple said to be prepping self-driving employee shuttle service - 3 hours 29 min ago
The Guardian - Apple puts brakes on self-driving car project, report says - 5 hours 26 min ago
BusinessInsider - Apple reportedly scaled back its car ambitions because nobody could agree on what an Apple Car should do (AAPL) - 15 hours 39 min ago
VIDEO:
CNBC Video - NYT: Apple scales back its ambitions for a self-driving car - 3 hours 47 min ago



Samsung Note 8: Hands on with the 5 key features you need to know about
CNBC - 54 min 31 sec ago
Samsung's S Pen stylus, camera, and Dex all have boosted capabilities.
RELATED:
CNBC - Samsung launches huge 6.3-inch Note 8 smartphone and hopes to price it under $1,000 - 54 min 31 sec ago
COMMENTARY:
TechCrunch - What’s new with Samsung’s Galaxy Note 8 - 22 min 26 sec ago
BusinessInsider - Everything you need to know about the Samsung Galaxy Note 8 - 37 min 47 sec ago
Washington Post - Samsung faces a crucial smartphone launch as its top executive faces a sentencing hearing - 16 hours 22 min ago
VIDEO:
CNN Video - Samsung reveals the Galaxy Note 8 - 47 min 38 sec ago
CNBC Video - Samsung unveils Galaxy Note 8. Here's what to expect - 3 hours 15 min ago



Cramer warns Google has more work to do to compete with Amazon's Alexa
CNBC - 1 hour 2 min ago
"I don't think Google Voice shopping is going to be as accurate as Amazon voice shopping," Jim Cramer says.
RELATED:
Reuters - Google touts Titan security chip to market cloud services - 19 hours 20 min ago
CNBC - Google is trying again to push Chromebooks into big businesses, the core market for Windows - 23 hours 54 min ago
COMMENTARY:
BusinessInsider - Google targets Amazon's smart speaker price advantage (GOOGL, AMZN, GOOG) - 2 hours 16 min ago
TechCrunch - Google Maps suggests BlaBlaCar for long-distance rides - 23 hours 9 min ago
VIDEO:
CNBC Video - Cramer: Google has more work to do to compete with Amazon's Alexa - 1 hour 31 min ago



Facebook will stream 15 college football games this fall
CNBC - 1 hour 11 min ago
24/7 digital sports broadcaster Stadium will produce the games specifically for the social network, Recode reported.
RELATED:
CNBC - Breakingviews: Snap won't easily pull a Facebook-Google-Alibaba - 19 hours 26 min ago
COMMENTARY:
TechCrunch - Facebook will live stream over a dozen college football games this year - 57 min 21 sec ago
24/7 Wall St. - Facebook Faces Network, Demographic Issues - 1 hour 58 min ago
Zacks - Snap Shares Pop As Kids Ditch Facebook: Here's Why It Matters - 16 hours 40 min ago
BusinessInsider - Snap is popping after report says teens think it's cooler than Facebook (SNAP) - 20 hours 21 min ago
Zero Hedge - Young Facebook Users "Less Engaged" As Demographic 'Time Bomb' Looms - 22 hours 4 min ago
VIDEO:
CNBC Video - Snap vs. Facebook: 5 picks - 18 hours 54 min ago



Wall Street believes these stocks can survive Amazon's retail apocalypse
CNBC - 1 hour 14 min ago
Bespoke Investment Group, famous for its prescient "Death by Amazon" list, presents its new index of retailers that can survive the Amazon onslaught.
RELATED:
CNBC - Asia markets to focus on Wall Street rally as dollar climbs on tax reform hopes - 16 hours 24 min ago
COMMENTARY:
Fox Business - Lowe's Quarterly Earnings, Sales Below Wall Street's Forecasts - 5 hours 21 min ago
NY Post - Wall Street rings up record profits in second quarter - 12 hours 58 min ago
SCMP - Global stocks rally as tech shares lead the charge on Wall Street - 16 hours 53 min ago
BusinessInsider - What you need to know on Wall Street today - 22 hours 18 min ago
VIDEO:
CNBC Video - Wall Street takes breather ahead of Jackson Hole symposium - 5 hours 54 min ago
Reuters Video - Wall Street rises on tax reform hopes - 19 hours 29 min ago



Germany’s central bank just shifted 50,000 gold bars held overseas due to Cold War fears
CNBC - 1 hour 46 min ago
Germany’s central bank has successfully moved $27.9 billion worth of gold bars from New York and Paris to Frankfurt in a Hollywood-style transfer.
RELATED:
China Daily - China's central bank injects funds into market via MLF - 16 hours 54 min ago
COMMENTARY:
BusinessInsider - How the remote Western resort of Jackson Hole became a go-to gathering for central bankers - 48 min 31 sec ago
VIDEO:
CNBC Video - Central banks to continue cautious approach: Pro - 8 hours 54 min ago



Trump Injects New Threat of Nafta Withdrawal Into Ongoing Talks
Bloomberg - 1 hour 53 min ago
President Donald Trump, speaking on Tuesday night in Arizona near the Mexican border, said it looks inevitable the U.S. will pull out of the North American Free Trade Agreement. It’s a now familiar threat -- but no less concerning given the U.S. just this week wrapped up the first round of negotia ...
RELATED:
AP - A brief explainer on NAFTA after latest Trump bashing - 1 hour 54 min ago
Indiatimes - Donald Trump warns of terminating NAFTA treaty - 9 hours 24 min ago
CNN - Trump: We'll probably end up killing NAFTA 'at some point' - 12 hours 17 min ago
CNBC - Trump: We'll 'probably' end up terminating NAFTA - 12 hours 32 min ago
COMMENTARY:
Fox Business - A brief explainer on NAFTA after latest Trump bashing - 2 hours 10 min ago
Zero Hedge - Stocks Slide After Trump Threatens Government Shutdown Over Wall Funding, Killing NAFTA - 5 hours 21 min ago
VIDEO:
CNN Video - Trump predicts NAFTA termination - 6 hours 12 min ago



Fiat Chrysler's stock surges on report of Maserati spinoff, following successful Ferrari separation
CNBC - 1 hour 58 min ago
Maserati and Alfa Romeo are two luxury car operations Fiat Chrysler may shed as it seeks to streamline its business, Bloomberg News reported.
RELATED:
New York Times - Morning Agenda: Fiat Chrysler’s Quest for a Chinese Partner - 6 hours 13 min ago
COMMENTARY:
BusinessInsider - Fiat Chrysler is reportedly considering breaking itself up - 2 hours 41 min ago
24/7 Wall St. - Top Analyst Upgrades and Downgrades: Chevron, Fiat Chrysler, Groupon, GrubHub, HP, IAMGOLD, JD.com, Salesforce and More - 2 hours 48 min ago
Fox Business - Why Fiat Chrysler Automobiles Isn't Likely to Sell Jeep to China - 20 hours 21 min ago



It's not all on Mitch McConnell to get tax reform done, anti-tax activist Grover Norquist says
CNBC - 2 hours 10 min ago
The White House, Steven Mnuchin and Gary Cohn want a pro-growth deal, says the founder of Americans for Tax Reform.
RELATED:
CNBC - Live blog: Dow logs best day since April on optimism over Trump's tax reform plans - 10 hours 57 min ago
Reuters - As tax debate heats up, U.S. Republicans tweak business interest plan - 19 hours 3 min ago
Indiatimes - Income tax department grapples with Benami Deal allegation against Cascade - 19 hours 54 min ago
Bloomberg - KBW's Gardner Says Tax Reform May Be Even Harder Now - 21 hours 42 min ago
COMMENTARY:
Zero Hedge - Stocks Retrace Tax Bounce As Trump Raises Debt-Ceiling Doubts Overnight - 3 hours ago
Zacks - 5 S&P 500 Stocks to Profit from Trump's Tax Plan - 3 hours 23 min ago
Kiplinger - How Much Tax You Will Pay on Your Lottery Winnings - 11 hours 54 min ago
VIDEO:
CNBC Video - Investors should continue to be cautious about tax reform: Tax Foundation's Scott Greenberg - 1 hour 32 min ago



Theresa May denies Brexit U-turn over end of EU court's jurisdiction
Euronews - 3 hours ago
The UK government's new position paper says 'direct jurisdiction' of the European Court of Justice will end with Brexit.
RELATED:
Bloomberg - U.K. Accepts ‘Close’ ECJ Relationship in Brexit Climbdown - 4 hours 54 min ago
COMMENTARY:
Naked Capitalism - UK Trying to Renegotiate Shape of the Brexit Table, Which Will Effectively Shut Down Talks - 1 hour 58 min ago
The Guardian - Big UK firms face 2018 slowdown amid Brexit uncertainty, study finds - 5 hours 29 min ago
VIDEO:
CNBC Video - Brexit making it harder for restaurant staff: Expert - 10 hours 39 min ago



Hong Kong concerned about Indian labour laws: Economist
Indiatimes - 4 hours 24 min ago
Dickson Ho appreciated India's 'Make in India' initiative but said the country needed to promote it to show the utility of such policies to the SMEs in Hong Kong.
RELATED:
Bloomberg - Balance of Power: A Victory for Women Rattles India - 5 hours 35 min ago



Lowe's not catching the same tail wind Home Depot is riding
AP - 4 hours 24 min ago
MOORESVILLE, N.C. (AP) -- Lowe's second-quarter profit got a boost from the sales of an Australian joint venture, but its performance was weak by most measures in a vibrant housing market, and its profit outlook for the year was well below the expectations of industry analysts....
RELATED:
Reuters - Lowe's second-quarter profit jumps 21.6 percent - 5 hours 40 min ago
CNBC - Here's everything you need to know about Lowe's earnings - 6 hours 10 min ago
CNN - Samsung's big reveal; Lowe's earnings; Stocks muddled - 6 hours 35 min ago
COMMENTARY:
Fox Business - Lowe's giving workers longer shifts in battle with Home Depot - 49 min 31 sec ago
LA Times - Stocks fall in early trading; Lowe's, Seagate and La-Z-Boy drop - 1 hour 54 min ago
Zacks - Investors Punish Lowe's (LOW) on Q2 Earnings & Sales Miss - 3 hours 8 min ago
BusinessInsider - Lowe's misses earnings and slashes its profit margin forecast (LOW) - 4 hours 56 min ago
VIDEO:
CNBC Video - Tired of Lowe's not performing as well as Home Depot: Jim Cramer - 2 hours 44 min ago



Egypt Slams U.S. for Withholding Aid as Kushner Visits Cairo
Bloomberg - 4 hours 39 min ago
Egypt ripped into the U.S. for withholding part of its annual military and economic aid, a decision that soured the atmosphere as senior White House adviser Jared Kushner arrived in Cairo to consult on restarting Israeli-Palestinian peace efforts.
RELATED:
CNBC - Egypt’s Foreign minister cancels Kushner meeting after US withdraws up to $290 million in aid - 5 hours 31 sec ago
Bloomberg - Kushner in Middle East to Try to Jumpstart Stalled Peace Process - 7 hours 37 min ago
Indiatimes - Trump adviser Kushner leading US delegation to Middle East - 21 hours 54 min ago
COMMENTARY:
BusinessInsider - Jared Kushner was snubbed by Egypt's foreign minister - 3 hours 26 min ago
LA Times - Kushner heads to Israel for latest attempt at peace deal - 18 hours 4 min ago



Mortgage volume stuck for second straight week, but jumbo loans get cheaper
CNBC - 4 hours 54 min ago
Both homeowners and homebuyers seem unimpressed by the lowest mortgage interest rates of the year.
RELATED:
CNBC - Changing mortgage deduction would discourage homeownership: Toll Brothers CEO - 19 hours 5 min ago
COMMENTARY:
Washington Post - American homeowners are making headway on mortgage debt, report finds - 4 hours 23 min ago
24/7 Wall St. - Mortgage Loan Rates Moving Sideways, Application Numbers Slip - 4 hours 28 min ago
VIDEO:
CNBC Video - Weekly mortgage apps fall 0.5% - 4 hours 40 min ago



True price of an Uber ride in question as investors assess firm's value
Reuters - 5 hours 38 min ago
SAN FRANCISCO (Reuters) - What is the true cost of an Uber ride?
RELATED:
CNBC - Mutual funds reportedly mark down investments in Uber by up to 15% - 10 hours 21 min ago
Reuters - Mutual funds mark down investments in Uber by up to 15 percent: WSJ - 14 hours 30 min ago
COMMENTARY:
BusinessInsider - Walmart is testing grocery delivery with help from Uber (WMT) - 1 hour 43 min ago
NY Post - Mutual funds slash value of their Uber stakes - 1 hour 57 min ago
SCMP - Private Mandarin tutors are up for hire with China’s Uber-style service - 4 hours 52 min ago
Naked Capitalism - Mutual Funds Cut Uber Valuation by as Much as 15% - 8 hours 23 min ago
Fox Business - Mutual funds mark down investments in Uber by as much as 15% - 11 hours 22 min ago
Zero Hedge - For First Time Ever, Mutual Funds Slash Uber Valuation By Up To 15% - 14 hours 4 min ago
TechCrunch - Walmart expands its grocery delivery business, powered by Uber - 22 hours 31 min ago
VIDEO:
CNBC Video - Mutual funds mark down Uber investments: WSJ - 3 hours 23 min ago
Reuters Video - The fight to decipher Uber's true worth - 10 hours 54 min ago
CNN Video - Timeline: Uber's management crisis - 22 hours 23 min ago



ECB faces gaps in understanding new realities: Mario Draghi
Indiatimes - 5 hours 54 min ago
Draghi said central banks need to carefully weigh their policy steps, giving up their defence of obsolete approaches while acknowledging gaps in their knowledge of how new policies work.
RELATED:
BBC - ECB chief Draghi: QE has made economies more resilient - 6 hours 3 min ago
CNBC - ECB chief Draghi gives nothing away on policy path ahead of Jackson Hole speech - 7 hours 46 min ago
VIDEO:
CNBC Video - ECB President Draghi: Greek crisis destroyed image of risk free sovereign debt - 8 hours 26 min ago



China says new US sanctions 'won't help' cooperation on North Korea
Indiatimes - 5 hours 54 min ago
The sanctions came as President Donald Trump has pressed Beijing to do more to convince its ally North Korea to abandon its nuclear ambitions.
RELATED:
Bloomberg - Trump Says North Korea's Kim Is 'Starting to Respect' America - 10 hours 55 min ago
CNBC - Trump's North Korea strategy proves he's more than willing to alienate Russia and China - 13 hours 2 min ago
COMMENTARY:
LA Times - Trump might be right that North Korea's threat to Guam will boost tourism - 41 min 31 sec ago
Zero Hedge - Russia Vows "Inevitable Response" Over "Illegal" North Korea Sanctions - 4 hours 10 min ago
BusinessInsider - Trump on North Korean leader Kim Jong Un: 'He is starting to respect us' - 11 hours 39 min ago



Trump berates 'sick' news media in fresh tirade
CNN - 6 hours 14 min ago
Think President Trump couldn't ratchet up his attacks on the news media any more than he already has?
RELATED:
Euronews - Trump blames media for 'giving a platform to hate groups' - 8 hours 52 min ago
Indiatimes - US media dishonest, lobbying tool: Donald Trump - 8 hours 54 min ago
Bloomberg - White House Renews Request for Privacy for Barron Trump - 20 hours 33 min ago
COMMENTARY:
LA Times - Trump's Phoenix speech drew chants from crowd and criticism from social media - 10 hours 39 min ago
BusinessInsider - Trump rehashes his Charlottesville response at wild Arizona rally by reading a different version of his original statement - 12 hours 33 min ago
Zero Hedge - Trump Is Slow Playing His Cards In This Game Of Deep State Poker - 18 hours 7 min ago
VIDEO:
CNBC Video - Trump threatens government shutdown at Arizona rally - 5 hours 48 min ago



Walmart and Google to offer voice-enabled shopping
BBC - 6 hours 47 min ago
Step aside Amazon Alexa - soon you will be able to order Walmart products using Google Assistant.
RELATED:
Euronews - Wal-Mart and Google team up to take on Amazon - 7 hours 14 min ago
CNN - Walmart teams up with Google to tackle Amazon - 7 hours 28 min ago
Reuters - Wal-Mart to enter voice-shopping market via Google platform - 11 hours 45 min ago
New York Times - Google and Walmart Partner With Eye on Amazon - 11 hours 53 min ago
CNBC - Take that Alexa! Wal-Mart partners with Google to offer voice shopping - 11 hours 53 min ago
COMMENTARY:
BusinessInsider - Amazon is slipping after Walmart and Google announce a partnership to take on the retail giant (AMZN, WMT, GOOGL) - 2 hours 14 min ago
Fox Business - Wal-Mart to enter voice-shopping market via Google platform - 9 hours 46 min ago
LA Times - Amazon is getting some competition: Wal-Mart and Google venture into voice-activated shopping - 10 hours 49 min ago
TechCrunch - Walmart and Google partner on voice-based shopping - 11 hours 53 min ago
Zacks - Is Target Finally Catching Up to Amazon & Walmart? - 23 hours 39 min ago
VIDEO:
CNBC Video - Executive Edge: Wal-Mart, Google team up to take on Amazon's Alexa - 5 hours 12 min ago



Advertising slump: WPP shares plunge on zero growth warning
CNN - 6 hours 53 min ago
Shares in the world's largest advertising company dropped by more than 10% on Wednesday after it warned that fierce competition could wipe out revenue growth this year.
RELATED:
BBC - WPP cuts growth forecast as second quarter sales slow - 9 hours 17 min ago
COMMENTARY:
NY Post - Ad giant WPP’s shares suffer their worst day since 1998 - 1 hour 33 min ago
FT Alphaville - Opening Quote: WPP tries to sell a cut in sales guidance - 8 hours 53 min ago
The Guardian - WPP faces worst year in a decade as advertisers cut spending - 9 hours 4 min ago
VIDEO:
CNBC Video - There is a disconnect between the top line growth and the valuations: WPP CEO - 1 hour 19 min ago



China surpasses Japan as US' biggest creditor
China Daily - 7 hours 23 min ago
A $100 banknote is placed next to 100 yuan banknotes in this October 16, 2010 file picture illustration taken in Beijing. [Photo/Agencies] China overtakes Japan as the largest foreign owner of US treasury securities after increasing its holdings for the fifth straight month to ...
RELATED:
China Daily - US trade protectionism move will damage ties with China: Foreign Ministry - 12 hours 53 min ago
Indiatimes - US cuts, delays $300 million in aid to Egypt, citing rights - 17 hours 24 min ago
COMMENTARY:
Zero Hedge - US Services Economy Soars To Highest Since April 2015 As Manufacturing Slumps - 1 hour 59 min ago



WSJ bashes Trump administration's trade agenda
China Daily - 11 hours 24 min ago
WASHINGTON - US newspaper Wall Street Journal published an editorial Tuesday, criticizing the US Trade Representative Robert Lighthizer for his mercantilist view of trade. "Steve Bannon may be gone from the White House, but his trade agenda survives in the form of Robert Lighthizer," said the Journ ...
RELATED:
China Daily - America First: the nemesis of free trade deals - 11 hours 24 min ago
CNN - Why hasn't Trump used his 'sledgehammer' on trade? - 21 hours 46 min ago
COMMENTARY:
BusinessInsider - Here's a super-quick guide to what traders are talking about right now - 3 hours 24 min ago
VIDEO:
CNBC Video - Here's why a top strategist says Trump trade's on 'life support' - 18 hours 46 min ago



China's strong growth paves way for accelerating needed reforms: IMF
China Daily - 13 hours 24 min ago
A worker monitors container operation at Zhoushan port in Ningbo, Zhejiang province. [Photo/China Daily] WASHINGTON - China's strong economic growth so far this year has paved way for policymakers to accelerate needed reforms and focus more on quality growth, the International ...
RELATED:
China Daily - IMF forecasts increased growth for China - 16 hours 54 min ago



Top 5 industrial robot producers in China
China Daily - 14 hours 24 min ago
China's industrial robot production is maintaining its momentum and is expected to exceed 23 percent of the country's market share this year, according to Shenzhen Gaogong Industry Research (GGII) on emerging strategic industries in China. The statistics show that industrial robot sales worth 13.5 ...
RELATED:
China Daily - Top 5 industrial robot producers in China - 16 hours 54 min ago



Macy's and DSW jump while Coty and Toll Brothers slide
AP - 18 hours 54 min ago
NEW YORK (AP) -- Stocks that moved substantially or traded heavily Tuesday:...
RELATED:
CNBC - Toll Brothers CEO Doug Yearley on earnings, housing preferences for boomers and millennials - 20 hours 41 min ago
COMMENTARY:
Zacks - Toll Brothers (TOL) Tops Q3 Earnings, Updates 2017 View - 3 hours 11 min ago
VIDEO:
CNBC Video - Don't see supply issues: Toll Brothers CEO - 20 hours 35 min ago



JPMorgan cautious on theaters as film studios consider releasing content on demand
CNBC - 19 hours 44 min ago
JPMorgan reduced its price targets and outlook on theaters after studios hinted that video on demand may be close.
RELATED:
CNBC - Buy hot chip stock Broadcom before earnings as an iPhone play: JPMorgan - 20 hours 22 min ago
VIDEO:
CNBC Video - Retail results 'encouraging' even among 'worst of the pack': JPMorgan's Matthew Boss - 3 hours 22 min ago



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