Business News - The Last 24 Hours

Alibaba puts CFO in charge of investment in major management reshuffle
Reuters - 31 min 47 sec ago
China's Alibaba Group Holding Ltd on Tuesday unveiled its most significant business reshuffle since co-founder Jack Ma announced his pending retirement, as the e-commerce firm looks to bolster its investment focus in the face of slowing growth.
CNBC - Alibaba reshuffles management; chief financial officer to oversee strategic investment unit - 1 hour 47 min ago
Reuters - Alibaba reshuffles management; CFO Wu to oversee strategic investment unit - 2 hours 1 min ago
TechCrunch - Alibaba proposes share split ahead of reported $20B Hong Kong IPO - 19 hours 50 min ago

Air Lease signs long-term lease placements for four Airbus jets
Reuters - 1 hour 18 min ago
Air Lease Corporation said on Tuesday it had signed long-term lease placements for two new Airbus A320neo and two Airbus A321neo LR aircraft with Japan's Peach Aviation Ltd.
CNBC - Airbus bets travelers will fly smaller jets on long flights with new plane - 10 hours 54 min ago
Reuters - American in talks for up to 50 Airbus A321XLR jets: sources - 11 hours 51 min ago
Fox Business - AP Interview: Airbus is ready for pilotless jets - are you? - 12 hours 57 min ago
CNN - Airbus launches world's 'longest range' narrow-body plane - 14 hours 48 min ago
Zero Hedge - It's Airbus 13,000,000,000 - Boeing 0, On The First Day Of The Paris Air Show - 6 hours 17 min ago
The Japan Times - Boeing dealt new blow as Airbus launches long-range A321 - 12 hours 42 min ago
The Guardian - Airbus unveils new jet at Paris airshow and $15bn worth of orders - 14 hours 49 min ago
LA Times - Boeing apologizes for Max crashes as Airbus rakes in sales - 15 hours 42 min ago
NY Post - Airbus to make new midsize long-range plane - 21 hours 29 min ago

China’s oldest brokerage Shenwan Hongyuan accuses cornerstone investor of defaulting on share payments in Hong Kong’s biggest IPO of 2019
SCMP - 1 hour 23 min ago
China’s oldest securities firm Shenwan Hongyuan has named and shamed one of its cornerstone investors for failing to pay for stock subscriptions made during its recent initial public offering (IPO) in Hong Kong.The brokerage said China Saite, a construction services firm, had defaulted on payments ...
SCMP - The Importance of Prospectus-based Disclosure in the Interpretation of IPO Pricing Outcomes - 2 hours 26 min ago
Reuters - Insurance costs rocket for U.S. IPOs as twitchy investors take to courts - 10 hours 17 min ago
CNBC - The red-hot IPO market this year could mean bad news for future stock returns - 14 hours 12 min ago
BusinessInsider - Peloton's sales are surging as it gears up for an IPO. Insiders and analysts think it may only be getting started. - 10 hours 51 min ago
MarketWatch - Adaptive Biotechnologies IPO: Five things to know - 13 hours 2 min ago
CNBC Video - Strategist says IPO mania could be sign of top for market - 9 hours 20 min ago

Can the Wisdom of Crowds Correct Positive Bias of China’s State-run Media?
SCMP - 2 hours 26 min ago
[Sponsored Article] Autocratic regimes control traditional media and use optimistically biased news reports – including corporate news – to strengthen their political power. This is because they know negative news can destabilise the economy and weaken their position. In China, new forms of so ...
SCMP - Despite extradition protests, China’s economic stimulus and US monetary policy easing leave Hong Kong well placed - 3 hours 37 min ago
The Guardian - Hammond 'aware of risks' over trading with China but presses on - 13 hours 21 min ago
MarketWatch - Market Extra: China may avoid the worst of Trump’s tariff wrath, but Fitch has still cut its global economic outlook - 14 hours 47 min ago

China's job market faces new pressure as trade war with US drags on
CNBC - 3 hours 46 min ago
According to China's top economic planning body, some local companies are cutting back on their efforts to hire new university graduates.
SCMP - Foxconn denies speculation about exiting mainland China amid uncertainty from trade war - 11 hours 12 min ago
New York Times - The Trade War is Taking Money From Your Wallet, and Returning Some, Too - 17 hours 10 min ago
Zero Hedge - "We Will Fight Until The End": Beijing Warns Washington Will Lose "Protracted" Trade War - 10 hours 17 min ago
CNBC Video - Strategas Chairman Jason Trennert: The US economy is built to withstand a trade war better than China - 11 hours 27 min ago

Asia stocks cautious before Fed, oil on defensive
Reuters - 4 hours 46 min ago
Investor caution ahead of the Federal Reserve's interest rate meeting capped Asian stocks on Tuesday, while crude oil prices retreated as global growth worries overshadowed supply concerns stemming from recent Middle East tensions.
Reuters - Asia stocks capped ahead of Fed, oil on defensive - 6 hours 26 min ago
MarketWatch - Futures Movers: Oil extends last week’s sharp retreat as demand worries sour sentiment - 18 hours 59 min ago

Australia’s property market has the right catalysts for a rebound: record low interest rates and investor-friendly government
SCMP - 5 hours 12 min ago
Record low interest rates and the re-election of a business friendly government will provide a boost to a slumping Australian property market, according to market observers. This month the Reserve Bank of Australia embarked on its first rate cut in three years, slashing the cash rate to a historic ...
Reuters - Australia's central bank says 'likely' will have to cut rates again - 5 hours 40 min ago
Fox Business - Fed likely to leave rates alone but signal readiness to cut - 15 hours 12 min ago
CNBC - Fed critic Jim Grant goes out on a limb and predicts a rate cut at this week's meeting - 18 hours 55 min ago
BusinessInsider - Investors are banking on rate cuts to extend the stock market's gains. Here's why their hopes could be dashed. - 11 hours 7 min ago
Calculated Risk - CAR on California: "Lower interest rates perk up May home sales" - 14 hours 52 min ago
MarketWatch - Caroline Baum: A surprise interest-rate cut by the Federal Reserve could be its best decision - 21 hours 48 min ago
CNBC Video - Market experts: Unlikely Fed will cut interest rates - 13 hours 4 min ago

Hong Kong opposition movement largely without leaders
Fox Business - 5 hours 14 min ago
The largely youth-driven movement challenging Hong Kong's government over an unpopular extradition bill is a coalition operating without a clear leadership structure.
SCMP - Stocks Blog: Will 'protest bounce' boost Hong Kong stocks a second day? - 5 hours 58 min ago
CNN - Hong Kong protesters face a powerful enemy - 11 hours 1 min ago
Indiatimes - China stands by Hong Kong leader after days of street protests - 12 hours 12 min ago
New York Times - China Backs Hong Kong’s Leader Despite Huge Protests - 14 hours 59 min ago
Euronews - Watch: Hong Kong protesters sing Les Miserables' 'Do you hear the people sing?' - 16 hours 30 min ago
Washington Post - How China Can Recover Even If Hong Kong’s Carrie Lam Quits - 3 hours 21 min ago
LA Times - Hong Kong's leader faces pressure to resign. Will her replacement be any better? - 14 hours 22 min ago
Vox - Recode Daily: Hong Kong protesters are setting precedents in the age of AI-powered mass surveillance - 17 hours 32 min ago
The Japan Times - Why this time turned out different for Hong Kong - 19 hours 42 min ago
Zero Hedge - Lam In Limbo As Tensions Between Hong Kong Protesters, Beijing Intensify - 21 hours 12 min ago

Sprint and T-Mobile merger is about to clear its biggest hurdle
CNN - 7 hours 19 min ago
Sprint and T-Mobile's on-again-off-again $26 billion merger appears to be on again. The US Department of Justice is prepared to approve the deal within days, CNN Business has learned.
CNBC - United Technologies CEO optimistic Raytheon merger will be completed within 9 months - 19 hours 9 min ago
Reuters - Lockheed: No concern that Raytheon-UTC merger will affect F-35 program - 22 hours 53 min ago
CNBC Video - BTIG's Walter Piecyk: Less than 50 percent chance T-Mobile and Sprint merger - 18 hours 20 min ago

Businesses Plead to Stop More China Tariffs. They Expect to Be Ignored.
New York Times - 7 hours 21 min ago
Companies say more tariffs would hurt businesses and consumers, but many have become resigned to the idea that president will do what he wants.
Reuters - Bah humbug! Trump's plan for more China tariffs to hit festive shoppers - 8 hours 48 min ago
New York Times - What Businesses Claim Will Hurt Them (and You) if New Trump Tariffs Take Effect - 9 hours 54 min ago
CNN - Paris Air Show; Tariff pain; Stocks rise - 21 hours 57 min ago
Indiatimes - US companies' message to Donald Trump: Don't expand China tariffs - 22 hours 42 min ago
The Japan Times - No fireworks on 4th?: U.S. firms tell Trump don’t expand China tariffs - 9 hours 42 min ago
Washington Post - India slaps back at U.S. with tariffs, lobbing small but strategic strike ahead of G-20 summit - 13 hours 12 min ago
MarketWatch - Capitol Report: Businesses warn of tariffs’ bite as Trump eyes meeting with Xi - 13 hours 15 min ago
24/7 Wall St. - Fitch Quantifies GDP Growth Damage for 2020 If More Tariffs Come - 15 hours 20 min ago
CNBC Video - China tariffs a disaster in the making: Apparel industry group head - 10 hours 36 min ago

Greater Bay Area entrepreneurs fear fallout on their businesses after US tech sanctions hit Huawei’s operations
SCMP - 8 hours 42 min ago
It’s business as usual for Zhou Kang.The Shenzhen-based entrepreneur’s company, Czur Tech, is a niche maker of portable digital scanners that requires components from more than 200 suppliers. He sources most of them locally, except for a few key chips and sensor, which he imports from Japan. And ...
Reuters - Senator Rubio targets Huawei over patents - 9 hours 5 min ago
CNBC - Microsoft resumes sales of Huawei laptops online - 11 hours 13 min ago
New York Times - Huawei Chief Predicts Sales Will Flatline After Trump Crackdown - 18 hours 16 min ago
Indiatimes - Huawei founder says revenue will be billions below forecast - 21 hours 42 min ago
BBC - Huawei founder says firm to cut output amid US curbs - 21 hours 51 min ago
CNN - Huawei says US ban will cost it $30 billion in lost sales over two years - 22 hours 35 min ago
The Japan Times - Huawei chief says U.S. sanctions will cost it $30 billion in revenue - 6 hours 42 min ago
TechCrunch - Daily Crunch: Huawei predicts $30B in lost revenue - 13 hours 6 min ago
Zero Hedge - Huawei Braces For 60 Million Smartphone Unit Sales Plunge - 19 hours 4 min ago
Washington Post - Huawei says U.S. ban will cost it $30 billion in sales - 19 hours 9 min ago
Time Business - Huawei’s Founder Ren Zhengfei Says Revenue Will Be Billions Below Forecast - 21 hours 26 min ago
NY Post - Huawei founder says revenue will be billions below forecast - 23 hours 28 min ago
CNBC Video - Tim Cook calls out big tech, Huawei slashes guidance and the big business of Baby Shark - 12 hours 29 min ago
Reuters Video - Huawei expects $30 billion hit from U.S. ban - 14 hours 59 min ago

SEC: Florida businessman agrees to proposed judgment in $27 million 'lucrative market manipulation'
CNBC - 9 hours 24 sec ago
Florida businessman Barry Honig agreed to a proposed judgment with the SEC in a case it called "classic pump-and-dump schemes," according to Monday filings.
Reuters - KPMG fined $50 million for using stolen data, exam fraud: U.S. SEC - 14 hours 57 min ago

ByteDance poaches from Facebook to power short video app TikTok’s global expansion
SCMP - 9 hours 12 min ago
ByteDance, the world’s most valuable start-up, has moved to bolster the overseas expansion of popular short-form video app TikTok by hiring a senior executive from social media giant Facebook.The Beijing-based company’s new recruit, Blake Chandlee, has been appointed as TikTok’s head of strate ...
CNN - Your Facebook profile can indicate if you have a medical condition, a study finds - 13 hours 11 min ago
CNBC - Cramer: Facebook will 'take out' its all-time stock high after its expected crypto launch - 14 hours 51 min ago
Vox - Cat-astrophe: Pakistani politician’s event streamed on Facebook with cat filter on - 15 hours 52 min ago
Washington Post - Facebook’s Answer to Bitcoin Poses a Double Threat - 17 hours 10 min ago
LA Times - Libya’s two wars: One on the battlefield and one on Facebook - 21 hours 12 min ago
CNBC Video - Watch CNBC's full interview with Facebook Co-Founder Chris Hughes - 16 hours 57 min ago

Faith in the Fed nudges Wall Street higher
Reuters - 9 hours 47 min ago
Wall Street edged higher on Monday, supported by Facebook, Amazon and Apple, as investors awaited a key Federal Reserve meeting that is expected to lay the groundwork for an interest rate cut later this year.
Reuters - Faith in the Fed pushes Wall Street higher - 12 hours 20 min ago
New York Times - DealBook Briefing: Wall Street Likes Mayor Pete (and Harris and Biden) - 20 hours 27 min ago
MarketWatch - Capitol Report: Amazon attacks Ocasio-Cortez over worker pay comments | Why Wall Street likes Buttigieg, Biden and Harris - 18 hours 15 min ago
CNBC Video - Fed should listen to the Treasury market's screams to cut rates, Wall Street bull Tony Dwyer says - 10 hours 8 min ago

Boeing records zero new plane orders as Paris Air Show starts slow
CNBC - 10 hours 9 min ago
Airbus recorded orders and options for 123 planes, according to the aviation consulting firm IBA.iQ.
CNN - Boeing is open to changing the name of the 737 Max - 10 hours 51 min ago
Reuters - Boeing says has no plans to change name of 737 max - 12 hours 42 min ago
CNBC - Boeing inks deal to provide spare parts for its biggest rival's planes - 16 hours 2 min ago
Fox Business - The Latest: Boeing vice president says sorry over crashes - 23 hours 14 min ago
Zero Hedge - Why Boeing May Never Recover From 737 Debacle - 9 hours 57 min ago
Washington Post - Man sues Boeing after he claims co-workers used the n-word and put a noose in his workplace - 11 hours 39 min ago
24/7 Wall St. - Despite Troubles, Boeing Raises Its Estimate of Commercial Airplane Market - 13 hours 44 min ago
Time Business - Boeing’s 737 Max Could Take to the Skies Again — But With a Different Name - 15 hours 17 min ago
CNBC Video - Boeing 737 Max is the talk of the Paris Air Show - 16 hours 50 min ago

Global stocks, yields dip with Fed meeting on tap
Reuters - 10 hours 47 min ago
A gauge of global stock markets dipped slightly on Monday after a mostly strong month and benchmark U.S. bond yields edged lower as investors awaited developments this week from central banks in the United States and elsewhere.
Reuters - Global stocks, yields steady with Fed, central bank meetings on tap - 13 hours 50 min ago
Fox Business - Tech Investors Can Do Better Than Cloudera Stock - 14 hours 10 min ago
SCMP - Loss-making Hareon Solar has cheapest stock in China, at just 0.02 per cent of liquor giant Kweichow Moutai’s share price - 23 hours 56 min ago
24/7 Wall St. - Strategists Keep Bullish Stock Market Views Ahead of Fed Meeting - 13 hours 6 min ago
MarketWatch - U.S. stock market has conflicting patterns, according to Elliott Wave theory - 18 hours 23 min ago
Washington Post - All About the U.K.-China Plan to Link Stock Markets - 22 hours 59 min ago

Deutsche Bank plans to pare US equities business to skeleton operation: Reuters
CNBC - 11 hours 3 min ago
Deutsche Bank plans to dramatically reduce the size of its U.S. equities business, leaving only a skeleton operation in place to service corporate and high-net-worth clients, three sources familiar with the matter told Reuters.
Reuters - Deutsche Bank to set up 50 billion euro bad bank in revamp - 15 hours 8 min ago
Deutsche Welle - Deutsche Bank may create 'bad bank' for high-risk assets - 23 hours 24 min ago
Reuters Video - Deutsche Bank wants to dump assets into 'bad bank' - 19 hours 36 min ago

S&P 500 ends up slightly as Fed meeting in view
Reuters - 11 hours 9 min ago
The S&P 500 edged higher on Monday as investors awaited a Federal Reserve meeting that is expected to lay the groundwork for an interest rate cut later this year.
Reuters - Wall St. moves higher; Fed policy meeting on the horizon - 16 hours 42 min ago
CNN - The calm before the Fed storm? Dow opens flat ahead of eventful week - 17 hours 31 min ago
MarketWatch - In One Chart: Two ‘insurance’ rate cuts from Fed in ’90s produced no big shocks to corporate bonds, Goldman Sachs says - 10 hours 57 min ago
CNBC Video - Cramer: The Fed can keep the rally going with these words - 7 hours 51 min ago
Reuters Video - Fed won't move in June - Caron - 11 hours 37 min ago

Facebook stock sees a pop as investors anticipate its cryptocurrency announcement
CNBC - 11 hours 9 min ago
Facebook is expected to announce a new cryptocurrency called Libra this week. Analysts anticipate it will open up new revenue streams outside advertising.
Fox Business - Facebook cryptocurrency launch: Why 'Libra' could be worth billions - 12 hours 22 min ago
CNBC - Crypto bulls hail Facebook's reported move into digital assets as a key moment in tech history - 12 hours 31 min ago
Zero Hedge - How Common Is Crypto? - 8 hours 57 min ago
The Japan Times - Facebook to unveil new cryptocurrency - 15 hours 41 min ago
LA Times - Essential California: Facebook’s coming cryptocurrency and a Slack IPO in the week ahead - 20 hours 42 min ago
CNBC Video - Facebook's cryptocurrency could be more widely adopted than bitcoin, says analyst - 11 hours 11 min ago

Why Tesla Stock Jumped Monday
Fox Business - 11 hours 33 min ago
Is a short squeeze in the works?
Reuters - Tesla's Elon Musk becomes 'Daddy DotCom' on Twitter - 17 hours 51 min ago
CNBC - GM's race to outflank Tesla may be stalling out - 19 hours 8 min ago
LA Times - In a throwback, Musk’s tweets target Tesla cofounder Martin Eberhard - 14 hours 22 min ago

Grounded Max has decades of use ahead: Boeing CEO Dennis Muilenburg
Indiatimes - 12 hours 12 min ago
Speaking on the first day of the Paris Air Show, the CEO reaffirmed his confidence that the Max will return to service before the end of the year.
Indiatimes - Circular economy has the potential to generate 1.4 crore jobs: Niti Aayog CEO - 16 hours 12 min ago
CNBC - Boeing CEO says global pilot shortage is 'one of the biggest challenges' facing the airline industry - 17 hours 53 min ago
Reuters - Huawei CEO says underestimated impact of U.S. ban, sees revenue dip - 22 hours 40 min ago
CNBC Video - Handshake CEO on curbing underemployment rates among college graduates - 7 hours 55 min ago

Amazon condemns Alexandria Ocasio-Cortez for 'starvation wages' comment
CNN - 12 hours 16 min ago
Rep. Alexandria Ocasio-Cortez criticized Amazon CEO Jeff Bezos for being a billionaire while his company pays its warehouse workers "starvation wages." Amazon says Ocasio-Cortez is "just wrong."
CNN - 41 of the most interesting products on Amazon right now - 17 hours 29 min ago
CNBC - Amazon responds to Ocasio-Cortez's claim that it pays warehouse workers 'starvation wages' - 17 hours 35 min ago
Indiatimes - Amazon India most attractive employer brand, Microsoft India 2nd: Survey - 21 hours 42 min ago
The Japan Times - Amazon synod to debate ordination of married men - 10 hours 41 min ago
TechCrunch - Climate justice and environmental ethics in tech, with Amazon engineer Rajit Iftikhar - 11 hours 54 min ago
LA Times - Amazon pulls back from original kids programming - 17 hours 12 min ago
24/7 Wall St. - The Government Could Force Amazon to Break Into These Three Pieces - 19 hours 14 min ago

Fed may cut rates near zero if U.S.-China trade worsens: Morgan Stanley
Reuters - 13 hours 39 min ago
The Federal Reserve may lower U.S. interest rates to near zero by the spring of 2020 if U.S.-China trade relations deteriorate further and tip the U.S. economy into a recession, according to Morgan Stanley analysts.
CNBC - Morgan Stanley predicts 'maximum nicotine' policy could cut tobacco profits in half - 14 hours 15 min ago
Fox Business - Morgan Stanley Economic Indicator is Forecasting June Gloom - 18 hours 11 min ago
Zero Hedge - If Morgan Stanley Is Right, The World Is Now In A Recession - 16 hours 12 min ago

Genius accuses Google of stealing song lyrics
CNN - 15 hours 6 min ago
Music-annotation website Genius is accusing Google of stealing lyrics from its website and publishing them in search results.
CNBC - Google CEO: YouTube is too big to fix completely - 18 hours 1 min ago
CNN - Google's CEO knows YouTube must do better at policing hate - 20 hours 43 min ago
MarketWatch - As Justice Department prepares antitrust case, Facebook and Google face a billion-dollar question: What’s your data worth? - 11 hours 55 min ago
CNBC Video - Tariffs could affect Google Play Store, says tech analyst - 14 hours 50 min ago

Elon Musk says he deleted his Twitter account, which isn't actually deleted
CNN - 15 hours 28 min ago
Elon Musk, the Tesla CEO who has repeatedly gotten himself into hot water on Twitter, tweeted early Monday that he had deleted his account on the site. But it may be just one more misleading tweet from Musk: more than 10 hours later, the account was, in fact, still active.
CNN - Couple use Twitter to rescue newborn girl abandoned on Indian garbage dump - 16 hours 16 min ago
CNBC - Elon Musk says he deleted his Twitter account - 20 hours 17 min ago
Washington Post - Elon Musk is still on Twitter after saying he ‘just deleted’ his account - 17 hours 50 min ago

Manufacturing, Infra to add 58,200 jobs in April-September FY20
Indiatimes - 16 hours 12 min ago
According to TeamLease Services biannual 'Employment Outlook' report for April-September FY20, these industries will witness a 2 per cent increase in net employment.
CNN - Manufacturing takes a sharp turn for the worse - 16 hours 19 min ago
CNBC - A key manufacturing gauge just saw its biggest one-month decline in 18 years - 17 hours 45 min ago
24/7 Wall St. - New York Area Manufacturing Activity Plummets in June - 17 hours 49 min ago
MarketWatch - Economic Report: Empire State manufacturing index posts largest-ever drop into negative territory in June - 17 hours 56 min ago
Zero Hedge - Dollar, Bond Yields Tumble As Empire Manufacturing Survey Crashes - 18 hours 35 min ago
Calculated Risk - NY Fed: Manufacturing "Business activity took a sharp turn downward in New York State" - 18 hours 38 min ago

Carole Ghosn wants Trump to raise her husband's case with Japan
CNN - 17 hours 53 min ago
Carole Ghosn, the wife of former Nissan and Renault chairman Carlos Ghosn, is asking President Donald Trump for help.
Indiatimes - Wife of former Nissan boss Carlos Ghosn urges Donald Trump to help her husband - 21 hours 42 min ago
Reuters - Wife of former Nissan boss Ghosn urges Trump to help her husband - 22 hours 12 min ago
The Guardian - Carlos Ghosn's wife urges Trump to support her husband - 23 hours 16 min ago

Swiss bank UBS loses bond role in China after economist's pig comment
Deutsche Welle - 20 hours 43 min ago
One of China's biggest state-run infrastructure companies has decided to exclude UBS from a bond deal. A senior economist at the Swiss bank sparked a furor in China after he used the phrase "Chinese pig."
SCMP - ‘Chinese pig’ remark lands UBS in trouble as state firm excludes Swiss bank from bond sale - 22 hours 39 min ago
Reuters - UBS loses role in bond deal for Chinese firm on outcry over pig comment - 23 hours 56 min ago
Zero Hedge - UBS Loses Chinese Bond Deal Over Economist's "Chinese Pig" Comment - 20 hours 2 min ago
Washington Post - China Is Mad at UBS. Welcome to Emerging Markets - 23 hours 25 min ago

Monty Chadha gets bail in Rs 100 crore fraud case
Indiatimes - 21 hours 42 min ago
Additional Sessions Judge Gulshan Kumar asked Monty Chadha to furnish a personal bond of Rs 50,000 with two sureties of the same amount.
Euronews - Italian George Clooney fraudsters arrested in Thailand after years on the run - 21 hours 43 min ago

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