Business News - The Last 24 Hours

Brexit blow for Boris Johnson after lawmakers defer decision on deal
CNN - 43 min 32 sec ago
Boris Johnson suffered yet another Brexit setback as UK lawmakers voted to delay approval of the UK Prime Minister's departure deal until Parliament passes the legislation required to enact it.
RELATED:
CNBC - UK lawmakers delay Brexit vote and force Boris Johnson to ask for deadline extension - 44 min 12 sec ago
Indiatimes - Boris Johnson addresses Parliament for new Brexit deal - 4 hours 35 min ago
CNN - Vote on Boris Johnson's Brexit vote in Parliament - live updates - 6 hours 42 min ago
Euronews - After Boris Johnson's deal, is Brexit finally over? Not so fast. - 22 hours 57 min ago
COMMENTARY:
BusinessInsider - Boris Johnson will have to ask EU to delay Brexit after Parliament blocks vote on his deal - 44 min 40 sec ago



UAW-GM deal would dissolve training center involved in federal corruption probe
CNBC - 44 min 12 sec ago
If GM's union members ratify the proposed deal, training programs and other services currently handled by the UAW-GM Center for Human Resources would be transferred to a new "Executive Board-Joint Activities."
RELATED:
Indiatimes - CBI charges Chidambaram with forgery, corruption and cheating - 11 hours 35 min ago
COMMENTARY:
BusinessInsider - Tulsi Gabbard called Hillary Clinton the 'embodiment of corruption' after she said the candidate was 'favorite of the Russians' - 1 hour 22 min ago



Francis Rooney is the rare Republican open to impeaching Trump
CNN - 1 hour 16 min ago
Rep. Francis Rooney is one of the few Republicans in the House of Representatives who seems open to the impeachment of President Donald Trump.
RELATED:
Euronews - In ruling on Trump finances, court finds broad authority for impeachment inquiry - 2 hours 2 min ago
CNN - The latest on the Trump impeachment inquiry - 2 hours 18 min ago
COMMENTARY:
Vox - The 4 words that will decide impeachment - 1 hour 35 min ago
BusinessInsider - Republican former Governor of Ohio John Kasich flips his stance. He now supports impeaching Trump. - 11 hours 28 min ago
Zero Hedge - Impeachment Bluff – Who Holds The Cards? - 20 hours 44 min ago



Why big tech companies keep pouring money into hardware when Apple still dominates
CNBC - 1 hour 35 min ago
As the holidays approach, all of the biggest U.S. tech companies are showcasing devices to try and grab consumer dollars.
RELATED:
CNBC - Lawmakers criticize Apple CEO Tim Cook for 'censorship' of apps in China - 16 hours 21 min ago
CNN - Apple may launch high-end AirPods Pro later this month - 17 hours 48 min ago
COMMENTARY:
24/7 Wall St. - Apple Up 50%, Eclipsing Performance of Other Dow Stocks - 1 hour 59 min ago
BusinessInsider - Apple CEO Tim Cook's go-to phrase 'The way I see it' is a masterclass in good communication — here's why. - 17 hours 50 min ago
Washington Post - From Apple to wineries, businesses turn to solar in midst of power outages - 23 hours 58 min ago



How Amazon is cutting the high cost and waste of returns
CNBC - 1 hour 35 min ago
Returns take a major toll on retailers' bottom line and on the planet, but Amazon is taking big steps to change that.
RELATED:
CNN - Amazon is chopping prices on refurbished Ring Doorbells and Spotlight Cams - 23 hours 41 min ago
COMMENTARY:
BusinessInsider - Sears is charging $99 annually for an Amazon Prime-style membership with 50% off car services, 20% off clothes, and free appliance delivery - 18 hours 13 min ago



Operation Clean Money to get another extension for clearing tax assessment cases
Indiatimes - 2 hours 35 min ago
The CBDT will likely extend the deadline for disposal of assessment cases under operation Clean Money after more than 23 lakh cases were identified for E-verification in two phases. The original deadline of September 30 was extended to December 31.
RELATED:
Indiatimes - Former tax dept head K V Chowdary joins Reliance board - 8 hours 35 min ago
COMMENTARY:
The Intercept - Democrats Want to be Economic Populists. Why Are They Clinging to a Flawed Reagan-Era Tax Credit? - 3 hours 4 min ago
MarketWatch - Tax Guy: Beware, the IRS is eyeing your inherited money - 3 hours 28 min ago
VIDEO:
CNBC Video - Barry Sternlicht: A wealth tax would be almost impossible to implement - 22 hours 2 min ago



Stocks would rally if Trump quits, Wall Street firm predicts
CNN - 2 hours 41 min ago
Wall Street could learn to love a President Pence.
RELATED:
Reuters - Boeing, J&J, dismal China data drag Wall Street lower - 18 hours 12 min ago
COMMENTARY:
MarketWatch - The Wall Street Journal: Facebook, Wall Street Journal publisher and others reach deal for news section - 17 hours 9 min ago
Zero Hedge - With The VIX Now Useless, This Is How Wall Street Is Hedging Against A Crash - 18 hours 56 min ago
BusinessInsider - CULTIVATED: How the largest Wall Street banks are cautiously opening their doors to cannabis, food investors make a bet on CBD, and more - 20 hours 15 min ago
24/7 Wall St. - Reality Sets in for Beyond Meat as Wall Street Resets Expectations - 22 hours 44 min ago
VIDEO:
Reuters Video - Wall Street pressured by global growth concerns - 17 hours 3 min ago



Stocks will likely hit new records in the week ahead if earnings keep topping expectations
CNBC - 2 hours 45 min ago
Stocks will try to break the all-time highs set earlier in the year as a slew of S&P 500 companies get set to report.
RELATED:
CNBC - Everything Jim Cramer said on 'Mad Money,' including playing earnings week, FAANG audit, bank stocks - 14 hours 51 min ago
Reuters - Wall Street treads water as earnings counter China data gloom; J&J falls - 23 hours 57 min ago
COMMENTARY:
24/7 Wall St. - How Biotech and Big Pharma Have Upside Heading Into Earnings - 3 hours 49 min ago
MarketWatch - Earnings Outlook: Caterpillar earnings: Expect weakness on China tensions and global economic slowdown - 20 hours 29 min ago
VIDEO:
CNBC Video - McDonald's, Amazon, Chipotle, Caterpillar, Boeing and more earnings reports - 15 hours 40 min ago
Reuters Video - Key earnings next week: McDonald's, Boeing, Caterpillar - 18 hours 27 min ago



JPMorgan's Jamie Dimon says controlling capitalist companies is socialism not social democracy, sets record straight
Fox Business - 4 hours 35 min ago
The straight-talking banking CEO is straightening out the true meaning of social policies.
RELATED:
CNN - Jamie Dimon says Libra will never happen, and he wishes he could take JPMorgan private - 17 hours 48 min ago
Reuters - General Motors strike to slash U.S. October payrolls: JPMorgan - 19 hours 31 min ago
CNBC - Watch JP Morgan's Jamie Dimon and Morgan Stanley's James Gorman speak in Washington - 21 hours 55 min ago



PG&E fire-preventing power shutoffs could continue for a decade, CEO says
CNN - 4 hours 42 min ago
Power outages to prevent fires in Northern California may continue for a decade, the state's biggest utility said Friday.
RELATED:
Indiatimes - Oracle co-CEO Mark Hurd passes away - 6 hours 35 min ago
Reuters - Oracle co-CEO Mark Hurd dies at 62 - 20 hours 58 min ago
CNBC - Starwood CEO Barry Sternlicht calls wealth tax, favored by Warren and Sanders, a 'crazy idea' - 22 hours 1 min ago
CNN - Mark Hurd, Oracle CEO, has died - 22 hours 12 min ago
Fox Business - Oracle co-CEO Mark Hurd dead at 62 - 22 hours 31 min ago
COMMENTARY:
BusinessInsider - The CEO of Dick's explains how Dwayne 'The Rock' Johnson has helped his company turn the corner with Under Armour - 1 hour 23 min ago
24/7 Wall St. - Boeing CEO Muilenburg Has to Be Fired This Weekend - 2 hours 15 min ago
Washington Post - Oracle co-CEO Mark Hurd, who was on medical leave, has died - 19 hours 41 min ago
Time Business - Oracle CEO Mark Hurd Dies Aged 62 - 20 hours 57 min ago
NY Post - Mark Hurd, Oracle co-CEO, dead at 62 - 21 hours 29 min ago
Zero Hedge - Oracle Co-CEO Mark Hurd Dies At 62 - 22 hours 21 min ago
TechCrunch - Former Oracle co-CEO Mark Hurd has passed away - 22 hours 33 min ago
VIDEO:
CNBC Video - Wells Fargo could be a buy if its new CEO tells a good story, Jim Cramer says - 15 hours 38 min ago



Has Brexit sent airfares into a tailspin?
CNN - 5 hours 9 min ago
As the October 31 Brexit date gets closer, flights and vacation prices to and from the UK are cheaper by up to half price
RELATED:
Euronews - Watch live: MPs debate new Brexit deal ahead of historic vote - 7 hours 7 min ago
BBC - Carney: Brexit deal 'positive' for UK economy - 18 hours 30 min ago
Indiatimes - Brexit basics: What is Brexit and why does it matter? - 22 hours 5 min ago
Reuters - Dollar weakens on Brexit, shares sapped by weaker China growth - 22 hours 30 min ago
COMMENTARY:
The Japan Times - Anti-Brexit activists march to Parliament as lawmakers debate deal - 34 min 57 sec ago
Vox - The UK Parliament just blew up Boris Johnson’s Brexit plans - 44 min 10 sec ago
Zero Hedge - Would Maggie Thatcher Have Been Remain Or For Brexit? - 1 hour 15 min ago
The Guardian - Manufacturers express deep misgivings over Johnson’s Brexit deal - 21 hours 47 min ago
VIDEO:
CNBC Video - Brexit deal the result of 'great political imagination': Irish finance minister - 2 hours 43 min ago



Hong Kong chief executive Carrie Lam defends police use of force
CNN - 5 hours 42 min ago
Hong Kong leader Carrie Lam on Saturday said the police have used "appropriate force of weapon" to respond to protesters in large-scale events and that the government will not tolerate any unlawful or violent acts, even by the police.
RELATED:
SCMP - Hong Kong’s economy is reeling from the one-two blow of local protests and US-China trade conflict, but it will survive - 12 hours 5 min ago
COMMENTARY:
BusinessInsider - Hundreds of activists supporting the pro-democracy protests in Hong Kong filled the stands at a Brooklyn Nets game - 8 hours 41 min ago
The Japan Times - Hong Kong leader backs police use of force as protesters plan ‘illegal’ march - 10 hours 34 min ago
Zero Hedge - China Bans Exports Of Black Clothing To Hong Kong Amid Escalating Social Unrest - 12 hours 30 min ago



Facebook no more among top 10 best brands globally
Indiatimes - 6 hours 35 min ago
Facebook has lost its place among the world's 10 most valuable brands in global brand consultancy Interbrand's annual ranking of top 100 brands. Two years back, the social networking giant was at the eighth spot in the list.
RELATED:
New York Times - Biden Escalates Attack on Facebook Over False Political Ads - 13 hours 26 min ago
Reuters - News Corp to supply headlines for Facebook's upcoming news tab - 15 hours 52 min ago
CNBC - Mark Zuckerberg says Facebook's top priority is setting up FTC-mandated privacy program - 17 hours 15 min ago
COMMENTARY:
TechCrunch - $35B face data lawsuit against Facebook will proceed - 20 hours 41 min ago
BusinessInsider - Joe Biden and Elizabeth Warren slammed Mark Zuckerberg for his remarks on free speech and said Facebook is spreading lies that could impact the 2020 election (FB) - 21 hours 27 min ago
MarketWatch - In One Chart: Facebook, Visa among the stocks with high ESG marks — enough to outrun the S&P 500 - 23 hours 13 min ago
VIDEO:
CNBC Video - Jamie Dimon on Facebook's Libra: 'It was a neat idea that'll never happen' - 17 hours 47 min ago



China’s sneakerheads chase 6,600% returns flipping Air Jordans
Indiatimes - 7 hours 35 min ago
Across China, more than 10 million monthly active users frequent online-resale apps, such as Poizon, Nice and DoNew, according to Chinese data-mining company QuestMobile. Most of what’s traded on these platforms are basketball sneakers.
RELATED:
CNBC - The US and China made 'substantial progress' at trade talks, Chinese vice premier says - 9 hours 51 min ago
Reuters - China says will work with the U.S. to address each other's core concerns - 10 hours 19 min ago
VIDEO:
CNBC Video - Europe 'will suffer' from impact of US-China trade war: Dutch finance minister - 2 hours 16 min ago



IMF says corporate income tax cut will help revive investment in India
Indiatimes - 8 hours 5 min ago
The International Monetary Fund said it supports the recent decision to reduce corporate income tax, however, the continued fiscal consolidation should be addressed.
RELATED:
Reuters - Mnuchin backs proposal to double IMF's crisis fund - 13 hours 10 min ago
COMMENTARY:
The Japan Times - Top IMF official denies Japan is a case study in Modern Monetary Theory - 13 hours 35 min ago



A burglar hid in a Costco for hours then stole $13K in jewelry after store closed, police say
CNN - 8 hours 50 min ago
A burglar in the Atlanta area gave new meaning to the phrase "patience is a virtue" -- but not in a good way.
RELATED:
SCMP - Oppo steps up retail expansion in Southeast Asia to close sales gap on rival Samsung - 18 hours 5 min ago
COMMENTARY:
BusinessInsider - Walmart has been quietly closing stores — here's the full list (WMT) - 21 hours 39 min ago



Trump says he hopes US-China trade deal will be signed by mid-November
CNBC - 11 hours 13 min ago
Donald Trump on Friday said he thinks a trade deal between the U.S. and China will be signed by the time the Asia-Pacific Economic Cooperation meetings take place in Chile on Nov. 16 and 17.
RELATED:
Reuters - Trump hopes U.S.-China trade deal will be signed by middle of November - 14 hours 58 min ago



Trump is hanging Israel and Netanyahu out to dry
CNN - 12 hours 42 min ago
David Andelman writes that President Trump has effectively brought a newly resurgent and potent triad—Syria, Russia and Iran—to the very doorstep of Israel and given aid and comfort to Israel's longtime and persistent foe, Hezbollah, in Lebanon.
RELATED:
CNN - McConnell slams Trump administration for Syria withdrawal after talking to Pence - 14 hours 47 min ago
CNBC - Mitch McConnell blasts Trump's Syria withdrawal as 'a strategic nightmare' - 17 hours 8 min ago
COMMENTARY:
The Japan Times - Trump touts Turkey cease-fire, even as it appears shaky - 12 hours 34 min ago
Zero Hedge - Trump Boasts The US "Has Secured The Oil" In Syria - 19 hours 29 min ago
BusinessInsider - Trump's disastrous retreat from Syria raises new questions about his financial interests in Turkey - 23 hours 54 min ago



Exclusive: Huawei in early talks with U.S. firms to license 5G platform - Huawei executive
Reuters - 13 hours 15 min ago
Blacklisted Chinese telecoms equipment giant Huawei is in early-stage talks with some U.S. telecoms companies about licensing its 5G network technology to them, a Huawei executive told Reuters on Friday.



Samsung's Galaxy Fold is teasing a foldable future
CNN - 13 hours 35 min ago
I've tested a lot of phones in my career, from Samsung's original Galaxy S up to the S10 and Note 10, with Google Nexus, the Pixel phones, iPhones, and smartphones from LG and HTC all thrown in the mix. And this is by far the most intriguing device I've seen.
COMMENTARY:
BusinessInsider - Why are Apple Pay, Starbucks’ app, and Samsung Pay so much more successful than other wallet providers? - 12 hours 34 min ago



Boeing 737 MAX test pilot grappled with simulator flaws, too
Reuters - 14 hours 25 min ago
In newly released text messages from 2016, a top Boeing 737 MAX test pilot tells a colleague that the jet's MCAS flight control system - the same one linked to two fatal crashes - was "running rampant in the (simulator) on me."
RELATED:
New York Times - Read the Boeing Pilot Messages From 2016: ‘The Plane Is Trimming Itself Like Craxy’ - 16 hours 27 min ago
Reuters - Boeing pilots' messages on 737 MAX safety raise new questions - 16 hours 31 min ago
CNBC - Boeing's stock worth buying on pullback from new 737 Max developments, analyst says - 16 hours 53 min ago
CNN - Boeing's latest 737 Max problems could come at huge cost - 17 hours 40 min ago
BBC - Boeing staff messaged about 737 Max issue in 2016 - 19 hours 51 min ago
COMMENTARY:
The Japan Times - Messages from former top Boeing test pilot reveal 737 Max concerns - 12 hours 34 min ago
Zero Hedge - Dow Dumps On Talc-Turmoil, Boeing-Bust, & Pence-Panic - 18 hours 33 min ago
MarketWatch - Boeing stock at its lowest in two months after report jet maker may have misled FAA - 18 hours 53 min ago
BusinessInsider - Boeing slides on report that employees may have misled the FAA on the doomed 737 Max (BA) - 20 hours 22 min ago
VIDEO:
Reuters Video - Boeing pilots' messages on 737 MAX safety raise new questions - 15 hours 58 min ago
CNBC Video - 'Jedi mind-tricking' the FAA: Boeing emails - 16 hours 50 min ago



Ex-Netflix exec hires witch doctor to pump life into 'Liquid Death'
Fox Business - 15 hours 36 min ago
A former Netflix promo creator has started his own bottled water startup that appeals to alternative-minded consumers intent on avoiding plastic.
RELATED:
CNBC - Let's swap Netflix for Microsoft, Jim Cramer says in FAANG audit - 16 hours 6 min ago
New York Times - Netflix’s ‘The Laundromat’ Goes On as Court Transfers Lawsuit - 22 hours 47 min ago
COMMENTARY:
BusinessInsider - 7 things you didn't know about the making of the Netflix's 'Breaking Bad' movie - 1 hour 5 min ago
VIDEO:
CNBC Video - In FAANG audit, Jim Cramer says swap Netflix for Microsoft - 15 hours 35 min ago



GM temporarily halts Chevy Blazer production because of parts shortage
Reuters - 18 hours 22 min ago
General Motors Co on Friday said it temporarily halted production of its Chevy Blazer SUV in Mexico because of a parts shortage due to a month-old strike by 48,000 U.S. hourly GM employees.
RELATED:
Reuters - Exclusive: Electric Hummer could be part of GM's move into EV trucks, SUVs - sources - 18 hours 25 min ago



Italian cheese producers brace for higher prices as the country falls victim to EU tariffs
CNBC - 18 hours 40 min ago
Food producers across Europe are bracing for a financial hit from U.S. tariffs that take effect Friday, and Italy, which has more than doubled its global cheese exports in the past decade, believes it is being unfairly targeted.
RELATED:
CNN - British luxury brands fight to keep US customers as tariffs hit - 21 hours 52 min ago
COMMENTARY:
Time Business - New Trump Tariffs Are About to Make Scotch Whisky, French Wine and Italian Cheese More Expensive - 23 hours 39 min ago
VIDEO:
CNBC Video - Tiff over tariffs will only lead to damage for US and EU economies: Irish ambassador - 16 hours 40 min ago



Supreme Court will hear challenge to Consumer Financial Protection Bureau
CNBC - 19 hours 37 min ago
A decision in the case is likely by the end of June, meaning that the fate of the regulator will be announced in the middle of the 2020 presidential campaign.
RELATED:
Reuters - FDA alerts consumers of J&J baby powder recall, says it stands by tests - 19 hours 47 min ago
CNBC - Coca-Cola CEO: UK consumer sentiment will lift if Brexit deal passes - 23 hours 50 min ago
COMMENTARY:
BusinessInsider - THE SOCIAL COMMERCE REPORT: Inside the fast-developing opportunity to reach billions of consumers' wallets using social platforms - 3 hours 35 min ago
MarketWatch - Commodities Corner: Why the IMO 2020 marine fuel sulfur limit will hurt consumers - 21 hours 25 min ago



Fact check: Trump parrots talking points from Putin, Erdogan on Syria
CNN - 20 hours 41 min ago
In defending the recent withdrawal of US troops from northern Syria, President Donald Trump has continued to cite reasons that are not only factually dubious but which also mirror talking points issued by Turkey and Russia, contradicting US officials and the facts on the ground.
RELATED:
Euronews - Trump says Erdogan wants cease-fire to work after reports of violence on Syria-Turkey border - 21 hours 15 min ago
COMMENTARY:
Vox - Trump loves dictators. Erdogan is the latest to take advantage of that. - 18 hours 5 min ago



Oil falls as China economic concerns outweigh rising refinery runs
Reuters - 20 hours 58 min ago
Oil prices edged lower on Friday, as concerns about China's economy outweighed bullish signals from its refining sector, but losses were limited on hopes for progress toward a U.S.-China trade agreement.
RELATED:
Reuters - Oil steady as China economic concerns counter rising refinery runs - 22 hours 48 min ago
COMMENTARY:
Zero Hedge - The Crackdown On Illegal Immigration Is Hurting Oil Drillers - 21 hours 47 min ago



Clarida reiterates that the Fed is not locked into a set interest rate path
CNBC - 23 hours 5 min ago
"Looking ahead, monetary policy is not on a preset course, and the Committee will proceed on a meeting-by-meeting basis," he said.
RELATED:
CNBC - Negative rates are like steroids that will 'dissolve your bones' in the end, UBS advisor says - 23 hours 29 min ago
COMMENTARY:
BusinessInsider - If you're planning on taking out a private student loan, the 'riskier' interest rate option may be the better one - 59 min 12 sec ago



The GM workers' strike probably isn't worth it
CNN - 23 hours 32 min ago
The United Auto Workers and General Motors have finally reached a tentative agreement, though the strike continues. The whole ordeal has cost hundreds of millions of dollars in lost wages for workers and lost profits for the company, and neither side has really gained much.



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