Business News - The Last 24 Hours

Cutting U.S. electric vehicle tax credit 'will have an impact': GM
Reuters - 29 min 30 sec ago
DETROIT (Reuters) - If Congress eliminates an electric vehicle tax credit it "will have an impact" on sales of U.S. electric vehicles such as General Motors Co's Chevrolet Bolt, GM Chief Executive Mary Barra said on Monday.
RELATED:
Bloomberg - What the Tax Overhaul Plan Means for the Middle Class - 48 min 26 sec ago
CNBC - Senate tax bill may hurt entrepreneurs with income above $500K - 1 hour 57 min ago
New York Times - Treasury Defends Tax Plan in One-Page Analysis - 2 hours 47 min ago
CNN - Europe doesn't like Trump administration's tax plans - 3 hours 6 min ago
Indiatimes - Package tours likely to get cheaper post tax credits’ review - 3 hours 53 min ago
China Daily - US tax overhaul's lure could be deceptive - 20 hours 53 min ago
COMMENTARY:
BusinessInsider - World leaders think Trump's tax overhaul is dangerous, and they're getting ready to fight back - 1 hour 45 min ago
Zacks - 3 ETF Areas May Come Under Pressure on Tax Reform - 2 hours 58 min ago
Fox Business - The Latest: Trump to make final pitch for GOP tax plan - 5 hours 18 min ago
Washington Post - Trump administration explains details of how tax plan would pay for itself, immediately gets attacked for assumptions - 5 hours 22 min ago
Zero Hedge - Treasury Forecasts Tax Reform Will Lead To Longest Period Without Recession In History - 5 hours 47 min ago
The Guardian - The tech giants will never pay their fair share of taxes – unless we make them | David Pegg - 5 hours 51 min ago
LA Times - Treasury says tax cuts will more than pay for themselves, in part by factoring in initiatives yet to be proposed - 7 hours 14 min ago
24/7 Wall St. - 4 Large Cap Biotech Leaders Are Huge Tax Reform Winners - 8 hours 2 min ago
Morningstar - Get a Tax-Smart Plan for In-Retirement Withdrawals - 11 hours 53 min ago
The Japan Times - Ruling bloc tax chiefs agree reforms that will raise income taxes for employees earning over ¥8.5 million each year - 12 hours 22 min ago
SCMP - Trump’s folly to cut corporate tax will change nothing - 13 hours 25 min ago
VIDEO:
CNBC Video - End consumer will not benefit from tax reform at all: Wedbush Securities' Ian Winer - 2 hours 4 min ago
CNN Video - Collins still undecided on tax vote - 11 hours 20 min ago



Exclusive: Comcast drops bid for Fox assets, leaving Disney in pole position
Reuters - 46 min 55 sec ago
(Reuters) - Comcast Corp said on Monday it had abandoned its bid for most of the assets of Twenty-First Century Fox Inc , leaving Walt Disney Co as the sole suitor in pursuit of the $40 billion-plus deal.
RELATED:
CNBC - Comcast drops bid for Fox assets, leaving Disney as sole suitor - 47 min 14 sec ago
China Daily - Shanghai Disney's Toy Story Land to open next April - 20 hours 53 min ago
COMMENTARY:
24/7 Wall St. - Disney, Apple Pace Dow to Monday Gain - 1 hour 51 min ago
LA Times - Fox's Stacey Snider and Dana Walden could exit following a sale to Disney - 3 hours 8 min ago
Fox Business - Disney's Interest In Fox Is All About Streaming - 23 hours 30 min ago
VIDEO:
CNBC Video - New York Times’ James Stewart: Disney needs mainstream audience with Fox deal - 8 hours 37 min ago



Bitcoin futures suggest breakneck rise in price to slow
Reuters - 59 min 47 sec ago
By Saqib Iqbal Ahmed, Jemima Kelly and Gertrude Chavez-Dreyfuss
RELATED:
CNBC - Bitcoin has aspects of a bubble, but it's OK to 'play' with it: Economist Robert Shiller - 1 hour 19 min ago
Reuters - New bitcoin futures suggest breakneck price gains to slow - 3 hours 23 min ago
CNN - Bitcoin rally continues as futures forecast even higher prices - 7 hours 44 min ago
Euronews - Cryptocurrency mania: and now, the bitcoin futures - 8 hours 34 min ago
Deutsche Welle - A new legitimate era for Bitcoin - 11 hours 26 min ago
BBC - Bitcoin bubble? - 12 hours 15 min ago
COMMENTARY:
Washington Post - Fly Charts: Bitcoin’s Many Prices and Oil’s Silent Rally: Gadfly - 22 min 52 sec ago
BusinessInsider - Litecoin is surging after Bitcoin futures launch - 59 min 14 sec ago
NY Post - How to buy bitcoin, if you dare - 2 hours 22 min ago
Fox Business - New bitcoin futures suggest breakneck price gains to slow - 2 hours 23 min ago
Zero Hedge - Bitcoin Smashes Record After Coinbase Resumes Trading, Futs Arb Spread Tumbles - 2 hours 55 min ago
The Guardian - Bitcoin bubble warnings issued as futures trading opens in Chicago - 4 hours 15 min ago
FT Alphaville - Bitcoin contango - 8 hours 39 min ago
24/7 Wall St. - Bitcoin Futures Trading Launch Mostly Without Incident - 9 hours 53 min ago
SCMP - Bitcoin futures top US$18,000 on debut on CBOE as price surges trigger series of trading halts - 16 hours 36 min ago
TechCrunch - Bitcoin futures are now tradable on the CBOE - 22 hours 40 min ago
VIDEO:
CNBC Video - Is it too late to buy bitcoin? - 2 hours 51 min ago
Reuters Video - Futures inch up, bitcoin grabs investor interest - 6 hours 33 min ago
CNN Video - Bitcoin futures begin trading - 7 hours 21 min ago



Wall Street ends higher with help from tech, energy
Reuters - 1 hour 29 min ago
NEW YORK (Reuters) - Wall Street indexes closed higher on Monday and the biggest drivers were technology and energy sectors as oil prices rose and investors waited for an expected U.S. Federal Reserve rate hike later in the week.
RELATED:
Reuters - Tech, energy sectors boost Wall Street - 1 hour 46 min ago
New York Times - Wall Street Higher as Technology, Energy Stocks Gain - 3 hours 35 min ago
CNBC - Wall Street week ahead: Bitcoin mania, big Fed news and more - 19 hours 14 min ago
COMMENTARY:
Fox Business - Wall Street ends higher with help from tech, energy - 1 hour 23 min ago
BusinessInsider - What you need to know on Wall Street today - 4 hours 35 min ago
Time Business - Bitcoin Futures Are Wall Street’s New Big Thing — And They’re Up 26% - 10 hours 48 min ago
SCMP - Tightening is coming – Wall Street tells investors to brace for steepest rate rises since 2006 - 13 hours 15 min ago



Why China Won't Cut Off North Korea’s Oil Lifeline
Bloomberg - 1 hour 53 min ago
With North Korea advancing its ballistic missile capability, boasting it can strike anywhere in the U.S., President Donald Trump is pressing China to do more to rein in its errant neighbor. Beijing has joined United Nations sanctions aimed at tightening the economic noose on the regime but has held ...
RELATED:
China Daily - China's 'orderly deceleration' thrills asset managers - 20 hours 53 min ago
COMMENTARY:
SCMP - China should come clean on local government debt, International Monetary Fund report says - 13 hours 8 min ago



HSBC draws line under Mexican cartel case after five-years on probation
Reuters - 1 hour 56 min ago
LONDON (Reuters) - HSBC drew a line under its punishment for lapses in anti-money laundering controls on Monday, saying the U.S. Department of Justice (DoJ) would end its deferred prosecution agreement, lifting the threat of further penalties.
RELATED:
New York Times - HSBC Says U.S. Preparing to Dismiss Criminal Charges Against It - 7 hours 53 sec ago
BBC - HSBC prosecution threat over money laundering lifted - 11 hours 27 min ago
CNBC - HSBC announces end to suspended sentence for Mexican cartel case - 13 hours 38 min ago
COMMENTARY:
The Guardian - HSBC prosecution threat in US is lifted - 8 hours 6 min ago
Fox Business - HSBC says US officials will dismiss criminal charges - 11 hours 19 min ago
SCMP - HSBC released from US deferred criminal charges - 12 hours 3 min ago



Cisco CEO Chuck Robbins thinks he's finally found the key to growing in China
CNBC - 2 hours 4 min ago
Cisco's Robbins has put years of work into developing local relationships in China, and his company is now seeing the rewards.
RELATED:
Bloomberg - Heritage Action for America CEO Opposes Obamacare Mandate - 3 hours 59 min ago
CNBC - Celgene CEO: New therapies for a certain type of cancer boost survival rates 10-fold - 4 hours 5 min ago
COMMENTARY:
BusinessInsider - The CEO of food-replacement startup Soylent is out - 2 hours 17 min ago
Fox Business - Bitcoin’s fraud perception will change over time: Cboe CEO Ed Tilly - 2 hours 46 min ago
Zacks - Solar Stocks Surge As Canadian Solar CEO Aims to Go Private - 4 hours 28 min ago
VIDEO:
CNBC Video - Icahn seeks CEO change at Xerox: WSJ - 2 hours 9 min ago



Why Apple just spent up to $400 million on song-identification app Shazam
CNBC - 2 hours 20 min ago
Through its acquisition of Shazam, Apple gets a treasure trove of music data and a software brand that's mastered the art of recurring revenue.
RELATED:
New York Times - Apple Confirms Deal for Shazam: DealBook Briefing - 2 hours 40 min ago
Reuters - Apple confirms deal to buy music discovery app Shazam - 4 hours 56 min ago
CNN - Siri, what's that song? Apple buys Shazam - 5 hours 10 min ago
BBC - Shazam! Apple buys music recognition app - 5 hours 44 min ago
CNBC - Apple to buy music recognition app Shazam - 5 hours 50 min ago
COMMENTARY:
Washington Post - Amazon Makes Big Strides in Catching Apple and Spotify: Gadfly - 1 hour 22 min ago
Fox Business - Apple and Chesapeake Energy rise; Spark Therapeutics sinks - 1 hour 27 min ago
BusinessInsider - Apple Music could get a boost from Shazam, the company's newest addition (AAPL) - 1 hour 59 min ago
The Guardian - Game that tune: Apple snaps up Shazam for reported $400m - 3 hours 10 min ago
24/7 Wall St. - What Will Apple Do With Shazam? - 4 hours 23 min ago
NY Post - Apple confirms it’s buying Shazam - 5 hours 7 min ago
TechCrunch - Apple will confirm the Shazam acquisition today; Snap and Spotify also expressed interest - 6 hours 53 min ago
Zacks - Is Apple (AAPL) Eyeing to Buy Music Recognition App Shazam? - 8 hours 37 min ago
VIDEO:
CNN Video - Apple confirms it's buying Shazam - 5 hours 7 min ago
CNBC Video - Apple is buying music ID app Shazam - 5 hours 34 min ago



People are taking out mortgages to buy bitcoin, says securities regulator
CNBC - 2 hours 44 min ago
Bitcoin is in the “mania” phase, with some people even borrowing money to get in on it, regulator Joseph Borg said.
RELATED:
BBC - Mortgage safety net 'disappearing' - 9 hours 36 min ago



A Nasty, Nafta-Related Surprise: Mexico’s Soaring Obesity
New York Times - 2 hours 54 min ago
Few predicted when Mexico joined the free-trade deal that it would transform the country in a way that would saddle millions with diet-related illnesses.
RELATED:
Bloomberg - Goldman Warns of U.S. Nafta Exit as Negotiators Seek Small Wins - 13 hours 53 min ago
VIDEO:
CNBC Video - Former US Commerce secretary: Tough trade talks could lead to the end of NAFTA - 10 hours 8 min ago



Zuckerberg's purchase of Instagram was the perfect 'teen and millennial hedge' for Facebook
CNBC - 3 hours 18 min ago
The photo-sharing app is hanging on to a demographic that's rapidly abandoning the Facebook platform.
RELATED:
CNBC - Former Facebook exec Chamath Palihapitiya says social media is ripping apart society - 9 hours 11 min ago
CNN - Facebook exec Naomi Gleit: We need more women in power - 9 hours 44 min ago
COMMENTARY:
TechCrunch - Facebook is trying to make the Poke happen again - 2 hours 50 min ago
FT Alphaville - Facebook money and voting structures - 3 hours 22 min ago
BusinessInsider - Former Facebook executive: 'We have created a tool that's ripping apart the social fabric of how society works' (FB) - 6 hours 43 min ago
Zacks - Facebook Adds Live Streaming and Video Chat to Instant Games - 7 hours 24 min ago
LA Times - The company that has turned your Facebook friends into a leggings sales force - 11 hours 53 min ago
VIDEO:
CNN Video - Facebook exec on Russian election meddling: 'We need more ads transparency' - 8 hours 5 min ago



SEC orders food review startup to shut down coin offering
CNN - 3 hours 31 min ago
The SEC shut down plans by a startup food review site to raise money by selling digital tokens.
RELATED:
Reuters - Apple aims to block climate, rights proposals with quick use of SEC guidance - 10 hours 45 min ago
COMMENTARY:
NY Post - SEC blocks restaurant app’s ‘initial coin offering’ - 2 hours 30 min ago
Fox Business - Apple aims to block climate, rights proposals with quick use of SEC guidance - 10 hours 49 min ago



U.K. Manufacturers Want a Role in Brexit Talks
Bloomberg - 3 hours 36 min ago
U.K. manufacturers are pushing Prime Minister Theresa May to give them a key role in Brexit negotiations so they can defend the interests of business as Britain leaves the European Union.
RELATED:
Euronews - Brexit deal is good for all - May - 6 hours 33 min ago
Bloomberg - The View From Brussels: Where the EU Says Brexit Heads Next - 8 hours 8 min ago
Indiatimes - 'New sense of optimism' in Brexit talks: PM May - 19 hours 23 min ago
COMMENTARY:
The Guardian - Brexit: City of London will lose 10,500 jobs on day one, says EY - 10 hours 53 min ago
Naked Capitalism - David Davis Points Out Brexit “Breakthrough” Isn’t Binding as Draft European Council Statement Tightens the Screws - 12 hours 41 min ago
Fox Business - UK leader says there's new optimism in Brexit talks - 12 hours 58 min ago
The Japan Times - May set to hail ‘new sense of optimism’ in Brexit talks after deal clears rough patch - 20 hours 22 min ago
VIDEO:
CNBC Video - Markets optimistic about US tax plan, Brexit risk disappearing: Pro - 14 hours 32 min ago



If you invested $1,000 in Starbucks 10 years ago, here’s what you’d have now
CNBC - 3 hours 47 min ago
In 2007, coffee was a safe bet.
RELATED:
China Daily - Starbucks plans more mega stores - 20 hours 53 min ago



Shares of retailer-turned-bitcoin-play Overstock.com rocket higher after Morgan Stanley reveals stake
CNBC - 4 hours 14 sec ago
Overstock.com briefly surged more than 23 percent after Morgan Stanley Investment Management disclosed a stake.
RELATED:
China Daily - Morgan Stanley bullish on China growth, eyeing business expansion - 20 hours 53 min ago



UBS leads blockchain data reporting pilot ahead of new EU rules
Reuters - 6 hours 15 min ago
ZURICH/NEW YORK (Reuters) - Financial companies led by Swiss bank UBS are testing a blockchain platform to help them comply with new European Union trade data standards due to come into force next year.
RELATED:
CNBC - UBS: Cryptocurrencies like bitcoin are ‘the bubble to end all bubbles’ - 7 hours 47 min ago
VIDEO:
CNBC Video - UBS calls cryptocurrencies ‘the bubble to end all bubbles’ - 5 hours 42 min ago



Microsoft may soon be worth $1 trillion
CNN - 6 hours 24 min ago
Take that, Apple and Google? One Wall Street analyst thinks that Microsoft could be worth $1 trillion by 2020 -- if not sooner.
COMMENTARY:
TechCrunch - Microsoft releases quantum computing development kit preview - 7 hours 15 min ago



Volkswagen used to love diesel. Not anymore
CNN - 6 hours 40 min ago
The chief executive of Volkswagen says Germany should reduce subsidies for diesel cars and ban heavily polluting vehicles from its city centers.
RELATED:
Reuters - First round of Volkswagen pay talks end without deal - 8 hours 12 min ago
COMMENTARY:
Zacks - Volkswagen Halts T6 Multivan Deliveries Due to High Emission - 10 hours 14 sec ago



Cramer: Bitcoin's futures launch is a 'very big victory' for the digital currency
CNBC - 7 hours 7 min ago
Jim Cramer, who has been a vocal critic of bitcoin, says its futures launch was a "very big victory."
RELATED:
CNBC - Currency expert says there's one fundamental reason behind bitcoin's runaway rally - 13 hours 9 min ago
COMMENTARY:
LA Times - Bitcoin futures jump as the virtual currency begins trading on a major exchange - 7 hours 43 min ago
Zero Hedge - Bitcoin Vs Fiat Currency: Which Fails First? - 8 hours 3 min ago
BusinessInsider - CHART: The most overvalued and undervalued currencies in the world - 14 hours 45 min ago
Washington Post - Bitcoin futures rise as virtual currency hits major exchange - 18 hours 22 min ago
VIDEO:
CNBC Video - Digital currency technology could change the way we deal with money: MIT's Neha Narula - 6 hours 18 min ago



Goldman Sachs Is Coming for Tea and Cookies With U.K.'s Labour
Bloomberg - 7 hours 10 min ago
U.K. Shadow Chancellor John McDonnell is preparing to meet Goldman Sachs Group Inc. in a further sign that companies are starting to take seriously the possibility of a Labour government.
RELATED:
CNBC - Goldman upgrades ADP, says it will be 'outsized beneficiary' of GOP tax cuts - 9 hours 3 min ago
COMMENTARY:
Zacks - The Zacks Analyst Blog Highlights: Bank of America, Celgene, Goldman Sachs, L Brands and Quest Diagnostics - 8 hours 46 min ago



WTO losing focus, must rethink development: U.S. trade chief
Reuters - 7 hours 53 min ago
BUENOS AIRES (Reuters) - U.S. President Donald Trump's trade chief said on Monday that the World Trade Organization is losing its focus on trade negotiations in favor of litigation and needed to rethink how it defines developing economies.
RELATED:
Deutsche Welle - Expectations low for World Trade Organization meeting - 12 hours 40 min ago



Google's high-end smart speaker, which rivals a Sonos, is now available
CNBC - 8 hours 9 min ago
Google's most high-end smart home speaker, the Google Home Max, is now available for purchase.
RELATED:
Indiatimes - NASA's Kepler probe uses Google AI for latest discovery - 12 hours 53 min ago
COMMENTARY:
TechCrunch - Google launches three new photography apps for testing experimental technology - 1 hour 54 min ago
BusinessInsider - The Google vs Amazon fight over YouTube is the perfect reason why you should buy a Roku - 3 hours 37 min ago
Zero Hedge - How Amazon and Google Smart Speaker Competition Reveals The Future of Government - 4 hours 13 min ago



Wall Street to open higher, futures recover after explosion scare
Reuters - 8 hours 28 min ago
(Reuters) - Wall Street was set to open higher on Monday, recovering from a brief pullback in stock futures after reports of an explosion in New York's busy Port Authority commuter hub.
RELATED:
Reuters - Futures inch up, bitcoin grabs investor interest - 10 hours 3 min ago
COMMENTARY:
Zero Hedge - Stocks Soar To Most-Overbought In 22 Years But Bitcoin Futures Debut Dominate - 1 hour 50 min ago
Fox Business - Futures retreat after Port Authority explosion - 10 hours 2 min ago
BusinessInsider - Big decisions on bitcoin futures drive up stocks worldwide - 12 hours 54 min ago
SCMP - Futures signal muted start for Hong Kong stocks - 21 hours 27 min ago
VIDEO:
Reuters Video - Hotly anticipated bitcoin futures surge on debut - 7 hours 2 min ago
CNBC Video - US stock futures point to higher open - 11 hours 53 min ago



Lighthizer says WTO losing focus, must rethink development
Reuters - 8 hours 33 min ago
BUENOS AIRES (Reuters) - U.S. President Donald Trump's trade chief said on Monday that the World Trade Organization is losing its focus on trade negotiations in favor of litigation and needed to rethink how it defines developing economies.
RELATED:
Indiatimes - WTO ministerial begins with moderate hope of outcome - 12 hours 53 min ago
VIDEO:
Reuters Video - Breakingviews TV: U.S. takes on WTO - 5 hours 12 min ago



What's behind Vietnam's corruption crackdown?
Indiatimes - 9 hours 23 min ago
The scandals at PetroVietnam are connected to the banking sector through a deal in which the oil firm lost $35 million in an investment in Ocean Bank.
RELATED:
Indiatimes - Waiting for answers on corruption allegations from 'Maun sahab': Rahul Gandhi to Modi - 14 hours 23 min ago



Farm loan waiver gets thumbs-down from former central bankers
Indiatimes - 10 hours 23 min ago
Reddy noted that every political party in India has offered such waiver in some state or the other or at an all- India level.
RELATED:
CNN - Bitcoin futures; Central banks; Typhoon sale - 12 hours 59 min ago
COMMENTARY:
Zero Hedge - The Process Through Which the First Major Central Bank Goes Bust Has Begun - 8 hours 45 min ago
BusinessInsider - New Zealand has a new central bank governor - 15 hours 7 min ago



Uber's London license appeal to be heard next year
Reuters - 10 hours 35 min ago
LONDON (Reuters) - Uber [UBER.UL] will defend its right to operate in London in court next year after the app was deemed unfit to run a taxi service and stripped of its license in its most important European market.
RELATED:
Bloomberg - Uber to Stay on London Streets Until at Least April on Appeal - 11 hours 30 min ago
Reuters - Uber appeal case against London license loss planned for April or June next year - 12 hours 21 min ago
COMMENTARY:
BusinessInsider - Uber will have to wait until April 2018 to appeal the loss of its London licence - 12 hours 4 min ago
Washington Post - Uber Deal Is Cold Comfort for Singapore’s Fading Taxis: Gadfly - 16 hours 22 min ago
VIDEO:
CNBC Video - Uber facing regulatory battles across Europe - 14 hours 10 min ago



Ford's November China vehicle sales drop 8 percent year-on-year
Reuters - 15 hours 55 min ago
(Reuters) - Ford Motor Co's sales in China fell 8 percent in November from a year ago, following a 5 percent decline in October, the U.S. automaker said on Monday.
RELATED:
China Daily - Ford, Changan agree to extend localization efforts - 20 hours 53 min ago



Global recall of Lactalis baby milk over salmonella fears
BBC - 18 hours 18 min ago
Britain and China are among the countries affected by the recall of baby milk formula products.
COMMENTARY:
The Japan Times - France orders global recall of Lactalis baby formula amid salmonella scare - 23 hours 22 min ago



Bitcoin futures make firm debut, dollar holds gains ahead of Fed
Reuters - 20 hours 23 min ago
SYDNEY (Reuters) - Futures in bitcoin, which has taken global financial markets by storm, swung above their launch price, while the dollar kept gains in Monday's Asian session on expectations the Federal Reserve will stick to its tightening path.
RELATED:
New York Times - The Week Ahead: Expect Fed to Raise Interest Rate and F.C.C. to Repeal Net Neutrality - 20 hours 52 min ago
COMMENTARY:
Fox Business - How a Federal Reserve Rate Hike Could Impact Your Auto Loan – And One Factor That Matters More - 1 hour 15 min ago
Zero Hedge - Abracadabra - Uncovering The Fed's 'Magnificent Fraud' - 2 hours 3 min ago
Economist's View - Expect the Fed to Stand By Its 2018 Outlook - 3 hours 50 min ago
BusinessInsider - The Fed seems to be giving up on a key driver of the economy - 7 hours 57 min ago
VIDEO:
CNBC Video - What to expect from this week's Fed meeting - 22 hours 45 min ago



Syndicate content