Business News - The Last 24 Hours

Mortgage, Groupon and card debt: how the bottom half bolsters U.S. economy
Reuters - 37 min 16 sec ago
By almost every measure, the U.S. economy is booming. But a look behind the headlines of roaring job growth and consumer spending reveals how the boom continues in large part by the poorer half of Americans fleecing their savings and piling up debt.
COMMENTARY:
LA Times - Should a soon-to-be retiree use savings to pay off the mortgage? - 19 hours 49 min ago



Gunman dead after shooting 14, killing one, in Toronto, Canadian police say
CNBC - 47 min 52 sec ago
Fourteen people, including a young girl, were shot near downtown Toronto, police in Canada's biggest city said on Sunday
RELATED:
Indiatimes - Multiple victims reported in downtown Toronto shooting - 1 hour 19 min ago
Euronews - One killed, at least nine injured in shooting in Toronto - 2 hours 14 min ago
COMMENTARY:
BusinessInsider - Nine people injured, gunman dead after shooting in Toronto - 2 hours 8 min ago
LA Times - Suspect identified in wild shooting at Silver Lake Trader Joe's that left store manager dead - 13 hours 4 min ago
The Japan Times - Los Angeles shooting and hostage standoff leaves one dead - 23 hours 49 min ago



Facebook and 3 millennials are changing the start-up scene in Bangladesh
CNBC - 52 min 52 sec ago
Afeef Zaman, Siffat Sarwar and Ataur Chowdhury worked out that social media can mean big business for entrepreneurs.
COMMENTARY:
BusinessInsider - Meet the campaigners who say they will stop at nothing in their quest to break up Facebook - 22 hours 49 min ago



The best the Fed can do for Trump — and the rest of us — is to hold inflation down
CNBC - 1 hour 3 min ago
The German trade surplus is stifling the economic growth in the rest of Europe, Michael Ivanovitch writes.
RELATED:
Indiatimes - EU finance chief blasts Donald Trump over 'inappropriate' trade sanctions - 3 hours 19 min ago
Reuters - Dollar dips, stocks slip on Trump remarks - 5 hours 8 min ago
COMMENTARY:
BusinessInsider - Trump is mad about Fed rate hikes, but he only has himself to blame for them - 16 hours 16 min ago



Oil prices fall on demand concerns as G20 warns of risks to growth
Reuters - 2 hours 17 min ago
Oil prices fell on Monday because of increasing concerns about fuel demand after finance ministers and central bank governors from the G20 warned that global economic growth risks have increased amid rising trade and geopolitical tensions.
RELATED:
Reuters - Oil prices mixed as G20 warns of risks to growth - 4 hours 53 min ago
COMMENTARY:
Fox Business - The Oil Price Pullback Could Lift These 2 Airline Stocks - 16 hours 9 min ago
NY Post - Oil prices are continuing to rise — here’s why - 23 hours 17 min ago



Trade tensions pose a risk to global growth - G20 ministers
BBC - 2 hours 31 min ago
G20 ministers call for greater dialogue to reduce the risk of trade tensions hurting the world economy.
RELATED:
Reuters - G20 calls for stepped-up trade dialogue; no agreement on path forward - 6 hours 52 min ago
Euronews - Live: Ozil quits, Syrian 'White Helmets' flee, and G20 calls for dialogue amid trade tensions - 8 hours 23 min ago
Indiatimes - G20 ministers call for greater dialogue on trade tensions: Draft - 14 hours 49 min ago
COMMENTARY:
The Japan Times - G20 finance leaders say increased trade, geopolitical tensions could affect global growth - 1 hour 49 min ago
SCMP - Trade tensions threaten global economic growth, G20 cautions - 9 hours 9 min ago



Stelter: Trump's 'hoax' tweet means the press has even more questions to ask
CNN - 3 hours 27 min ago
When historians look back on the Trump presidency, they'll say that last week was the moment something changed -- the week when uncomfortable questions about Russia moved into the mainstream in a whole new way.
COMMENTARY:
BusinessInsider - Trump fires off all-caps tweet at Iran's president: 'YOU WILL SUFFER CONSEQUENCES ... FEW THROUGHOUT HISTORY HAVE EVER SUFFERED BEFORE' - 1 hour 19 min ago
MarketWatch - Trump tweets all-caps tirade warning Iran never to threaten U.S. - 2 hours 40 sec ago



The Latest: Trump again calls Russia commotion 'a big hoax'
Indiatimes - 3 hours 49 min ago
9:05 p.m.
RELATED:
Indiatimes - After a week of walkbacks, Trump returns to Russia doubting - 4 hours 19 min ago
CNBC - Trump's job approval stable, but gets low marks on trade, immigration and Russia: NBC News-WSJ poll - 8 hours 48 min ago
Bloomberg - Trump Renews Attacks on Russia Probe As Surveillance Papers Emerge - 14 hours 48 min ago
COMMENTARY:
The Japan Times - ‘A big hoax’: After a week of walkbacks, Trump returns to Russia doubting - 2 hours 49 min ago
BusinessInsider - Rubio and Graham call for stronger Russian sanctions if the Kremlin commits election interference again - 11 hours 16 min ago
VIDEO:
CNN Video - 'Is Russia still targeting the U.S.?' - 10 hours 57 min ago



BOC Aviation to buy 17 Airbus aircraft worth $2.2 billion
Reuters - 4 hours 30 min ago
BOC Aviation Ltd said on Monday it would buy 17 new Airbus A320NEO and A321NEO aircraft worth a combined $2.2 billion at list prices.



G-20 Finance Ministers, Failing to Halt Trump’s Trade War, Warn of Its Global Risks
New York Times - 5 hours 19 min ago
As the I.M.F. projected that the currently announced tariffs could reduce global economic output by $430 billion in 2020, the odds only appeared to grow that friction will intensify.
RELATED:
Bloomberg - Europe Shows Unity in Confronting U.S. Trade Policy: G-20 Update - 14 hours 15 min ago
COMMENTARY:
Washington Post - G-20 calls for more dialogue on rising trade tensions - 6 hours 19 min ago
Zero Hedge - G-20 Communique Removes Pledge To Refrain From Competitive Devaluation - 15 hours 8 min ago



Fiat Chrysler Loses Its Driving Force as a Bumpy Road Lies Ahead
New York Times - 6 hours 24 min ago
The carmaker already faced difficulties, including a reliance on the Jeep and Ram divisions and a limited presence in China, before it was forced to replace its chief executive, Sergio Marchionne.
RELATED:
Reuters - Fiat Chrysler's Marchionne being treated in Zurich's University Hospital - 13 hours 45 min ago
COMMENTARY:
The Economist - Fiat Chrysler appoints a new boss - 19 hours 39 min ago
The Japan Times - Manley role at Fiat Chrysler a turning point for carmaker - 23 hours 49 min ago



Fears of Currency War Ease After Mnuchin's Two Days in Argentina
Bloomberg - 7 hours 10 min ago
Treasury Secretary Steven Mnuchin landed in Buenos Aires for a summit on Friday with the risk of a currency war in the air. He left two days later with the world’s top finance chiefs feeling much more at ease.
RELATED:
Bloomberg - Mnuchin Sees No Chance for Currency War Despite Trump Tweets - 9 hours 5 min ago
COMMENTARY:
The Japan Times - No chance for currency war despite Trump tweets, Treasury chief assures - 3 hours 49 min ago
Zero Hedge - Mnuchin: "No Chance For Currency War" - 7 hours 18 min ago



Trade war sparking an ‘absurd and ridiculous’ price for safety stocks, $3b money manager warns
CNBC - 8 hours 49 min ago
Mayflower Advisors’ Larry Glazer believes investors are getting stuck in a losing trade.
COMMENTARY:
Washington Post - How ZTE Ended Up in Middle of U.S.-China Trade War: QuickTake - 1 hour 19 min ago
BusinessInsider - Trump will showcase an F-35 fighter jet, Moon Pies, and gun safes at a White House event highlighting American products Monday as his trade battles loom large - 8 hours 16 min ago
SCMP - Why is Beijing unusually muted since Donald Trump’s latest US$500 billion trade war threat? - 18 hours 16 min ago



St. Louis Uber and Lyft Driver Secretly Live-Streamed Passengers, Report Says
New York Times - 9 hours 36 min ago
Jason Gargac, 32, told The St. Louis Post-Dispatch that he made $3,500 from the live streams, which many criticized as an invasion of privacy.
COMMENTARY:
Fox Business - Uber suspends driver who live-streamed St. Louis passengers - 3 hours 54 min ago



Tariffs removal not needed for E.U., U.S. talks: European Council representative
Reuters - 10 hours 34 min ago
The United States' removal of tariffs on steel and aluminum imports is not a necessary precondition for trade talks between the United States and the European Union to begin, the European Council representative to the G20 Hubert Fuchs said on Sunday.
RELATED:
Reuters - German industry groups warn U.S. on tariffs before Trump-Juncker meeting - 21 hours 40 min ago
COMMENTARY:
The Japan Times - White House to showcase U.S. products as trade battles loom, even by makers opposed to Trump tariffs - 5 hours 48 min ago



Fiat names Jeep chief Mike Manley to replace ailing CEO Marchionne
Indiatimes - 10 hours 49 min ago
Analysts estimate that Jeep alone could be worth the entire $35 billion market value of Fiat Chrysler.
RELATED:
CNBC - Read how Fiat Chrysler's president told employees that CEO Sergio Marchionne was being replaced - 18 hours 5 min ago
COMMENTARY:
SCMP - Secret to 50 successful years as sole Fujifilm supplier in Hong Kong? Changing with the times, says CEO - 5 hours 16 min ago
The Japan Times - Ailing auto CEO Serio Marchionne had multiple roles, no script - 7 hours 49 min ago



Mexico's President-Elect Calls for Nafta Agreement in Letter to Trump
Bloomberg - 10 hours 54 min ago
Mexico president-elect Andres Manuel Lopez Obrador called on U.S. President Donald Trump to pursue renewed North American Free Trade Agreement negotiations aimed at a final agreement including all three countries in the pact.



E-commerce companies like Amazon, Myntra may face tax audit on GST rate cuts
Indiatimes - 11 hours 49 min ago
Tax authorities have kept a close watch on cos to ensure that rate cuts were being passed on to consumers, with several of them paying excess amounts collected to the government.
RELATED:
Indiatimes - Now, only 35 goods in highest tax bracket of GST - 18 hours 49 min ago
COMMENTARY:
The Japan Times - India scraps tax on sanitary pads in boost for girls’ education - 23 hours 49 min ago



Accused Russian agent Maria Butina reportedly met with U.S. Treasury and Fed officials
CNBC - 11 hours 52 min ago
Maria Butina, an alleged agent of the Russian government, participated in meetings with U.S. Treasury and Federal Reserve officials in 2015, according to Reuters.
COMMENTARY:
MarketWatch - The Wall Street Journal: Accused Russian agent sat in 2015 meeting with top Fed official - 5 hours 53 min ago
The Japan Times - Accused Russian agent Maria Butina met in 2015 with U.S. Treasury, Fed officials - 7 hours 49 min ago
Zero Hedge - Why Did 'Russian Agent' Butina Meet With Obama's Fed, Treasury Officials In 2015? - 7 hours 49 min ago



Brexit minister warns Britain may refuse to pay Brexit divorce bill
Euronews - 14 hours 42 min ago
The new Brexit minister Dominic Raab has warned that Britain could refuse to pay a €43bn divorce bill to the EU if it does not get a trade deal
RELATED:
Bloomberg - U.K. Brexit Chief Says Government Must Be Prepared for No Deal - 20 hours 12 min ago
COMMENTARY:
Zero Hedge - Disaster For Theresa May: Brits Overwhelmingly Reject New Brexit Plan; Turn To Boris, Farage (And Bannon?) - 4 hours 8 min ago
BusinessInsider - EU citizens are 'far from' having their rights secured after Brexit - 6 hours 48 min ago
The Japan Times - Poll finds many Britons reject May’s Brexit strategy; some turn to Boris Johnson, far-right - 16 hours 49 min ago
Fox Business - New UK Brexit chief: We may not pay exit fee if no deal - 23 hours 21 min ago
The Guardian - The IMF is right: hard Brexit is an international threat - 23 hours 49 min ago



Ryanair customers urged to claim compensation
BBC - 20 hours 26 min ago
The Civil Aviation Authority says airlines must give customers two-weeks notice or pay compensation.



Government unlikely to move ahead on MMTC-STC merger
Indiatimes - 21 hours 19 min ago
As per the proposal, the merger of the two trading firms would result in synergy of operations, which somewhat overlap.
COMMENTARY:
SCMP - Trade war shrinks Chinese companies’ first-half mergers and acquisitions in America - 18 hours 46 min ago



India, 9 other Asian economies to pull ahead of US in terms of GDP by 2030: Report
Indiatimes - 23 hours 19 min ago
According to DBS the Asia-10 economies are -- China, Hong Kong, India, Indonesia, Malaysia, the Philippines, Singapore, South Korea, Taiwan, and Thailand.
COMMENTARY:
BusinessInsider - Mexico's president-elect wrote Trump a 7-page letter vowing to reduce migration to the US - 7 hours 56 min ago
VIDEO:
CNBC Video - The US is isolating itself from the world economy: Prof - 6 hours 17 min ago



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