Business News - The Last 24 Hours

China economy on track to hit 2017 growth target: State planning agency
Indiatimes - 3 hours 24 min ago
China's economy is on track to meet the official growth target for 2017, the head of the state planning agency said on Saturday.

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Indiatimes - 'US expects China to help uphold intl security and economic order' - 5 hours 24 min ago

China Daily - China's new yuan loans expand in September, M2 growth accelerates - 5 hours 54 min ago

China's growth 'on target' despite anti-pollution war
Euronews - 3 hours 37 min ago
The state planning agency says the economy is on track to meet its 2017 growth target.

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Indiatimes - Government sceptical about studies linking deaths to pollution - 4 hours 24 min ago

COMMENTARY:

BusinessInsider - The US is the only developed country on a list of nations with the highest pollution-related deaths — here are the top 10 - 16 hours 7 min ago

24/7 Wall St. - Polluted Air, Water Cost 9 Million Lives in 1 Year - 21 hours 18 min ago

VIDEO:

CNBC Video - Pollution is killing at least 9 million people every year - 21 hours 24 min ago

Taylor Has Complex History to Overcome If Picked as Fed Chair
Bloomberg - 3 hours 54 min ago
John Taylor has a complicated history with the U.S. Federal Reserve that could force him into a hard pivot if he’s selected as its next leader.

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Bloomberg - Trump Says He May Pick Taylor and Powell for Fed Leadership Seats - 16 hours 36 min ago

CNBC - Trump may have narrowed down Fed pick to Powell and Taylor - 17 hours 35 sec ago

Reuters - Fed's Mester calls for balance on bank regulation rethink - 17 hours 44 min ago

COMMENTARY:

Washington Post - Trump considers big shift at Federal Reserve as he faces pressure to appoint Republican - 17 hours 23 min ago

VIDEO:

CNBC Video - Wall Street's consensus on potential Fed Chair picks - 16 hours 22 min ago

China approves 9 IPO applications
China Daily - 4 hours 24 min ago
BEIJING - China's securities regulator has approved IPO applications from nine companies, which will raise no more than 4 billion yuan ($605 million) in the A-share market. Five companies will be listed on the Shanghai Stock Exchange, one on the Shenzhen small and medium-sized enterprise board and ...

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CNBC - Tencent-backed gaming and shopping company Sea stumbles in US IPO - 19 hours 14 min ago

COMMENTARY:

Morningstar - Confidential IPO: Good for Companies, but What About Investors? - 54 min 35 sec ago

Zacks - Is Pinterest Gearing Up for an IPO? - 18 hours 48 min ago

The Guardian - Punk IPO? BrewDog ponders ways to fund new expansion - 21 hours 13 min ago

24/7 Wall St. - Sterling Bancorp Files for IPO - 21 hours 29 min ago

TechCrunch - Equity podcast: IPOs for Stitch Fix, MongoDB and SendGrid, and Alphabet’s Lyft investment - 22 hours 43 min ago

VIDEO:

CNBC Video - IPOs finally heating up? - 15 hours 41 min ago

Chinese home buyers wait as market cools down
China Daily - 4 hours 24 min ago
BEIJING - Guo Lian has been busy informing potential buyers of second-hand home bargains in recent days, but few have made purchases. "Most are in wait-and-see mode while watching declining home prices," said the Beijing-based real estate agent. The lackluster buying sentiment is a huge contrast ...

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CNBC - House flipping is making a comeback thanks to rising home prices - 18 hours 23 min ago

First China-made regional jet delivered to Chengdu Airlines
China Daily - 10 hours 24 min ago
China's first homegrown regional jetliner ARJ21700,which is produced by the Commercial Aircraft Corporation of China, is delivered to Chengdu Airlines on Thursday.[Photo/Xinhua] China's first homegrown regional jetliner ARJ21-700 was delivered on Thursday after its mass product ...

COMMENTARY:

LA Times - United Airlines becomes latest carrier to put economy passengers in rows of 10 seats - 1 hour 54 min ago

BusinessInsider - The perfect customer loyalty program for airlines already exists — but they aren't using it - 16 hours 19 min ago

VIDEO:

CNBC Video - Laptops in checked bags on airlines pose explosion risk - 22 hours 21 min ago

U.S. tax plan hopes lift stocks, dollar strengthens
Reuters - 10 hours 27 min ago
NEW YORK (Reuters) - World stocks advanced, bond yields rose and the U.S. dollar strengthened on Friday on increased hopes President Donald Trump could make progress on his fiscal plans after the U.S. Senate approved a budget blueprint that paves the way for tax cuts.

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Reuters - Wall St gains, progress in Trump's tax plan lifts hopes - 16 hours 35 min ago

CNBC - Trump pledges passage of tax cuts after Senate approves budget - 23 hours 57 min ago

COMMENTARY:

LA Times - Trump launches petition in support of tax reform - 10 hours 54 min ago

BusinessInsider - Republicans could now unexpectedly try to 'steamroll' Trump's massive tax plan through Congress - 20 hours 19 min ago

Fox Business - Trump pledges biggest tax cuts ever as Senate paves way - 21 hours 43 min ago

VIDEO:

Reuters Video - Trump tax cuts gain momentum - 15 hours 27 min ago

Tesla raises borrowing capacity for car leases to $1.1 billion
Reuters - 12 hours 18 min ago
(Reuters) - Tesla Inc said on Friday it has increased its borrowing capacity for a car lease program to $1.1 billion from $600 million.

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Reuters - Tesla raises borrowing capacity under warehouse agreements to $1.1 billion - 14 hours 14 min ago

COMMENTARY:

BusinessInsider - Tesla gets ready to borrow up to $1.1 billion (TSLA) - 14 hours 14 min ago

Zero Hedge - Fired Tesla Workers Discover They Were Replaced With Cheap Temp Labor - 16 hours 24 min ago

LA Times - Tesla Model 3 is stuck in 'production hell' - 18 hours 12 min ago

Fox Business - Tesla's Model S Receives "Above Average" Reliability Rating - 21 hours 43 min ago

Watch Fed Chair Yellen speak at the end of a wild week of speculation about her future under Trump
CNBC - 13 hours 2 min ago
Federal Reserve Chair Janet Yellen is scheduled to speak at 7:30 p.m., ET, on "Monetary Policy Since the Financial Crisis."

RELATED:

Bloomberg - Yellen's White House Visit Proves to Be Red Herring - 17 hours 28 min ago

COMMENTARY:

Fox Business - Yellen says Fed's extraordinary policies may be needed again - 11 hours 55 min ago

Zero Hedge - Gold, Yen Jump After Reports Yellen Returns To The White House (For Lunch With Gary Cohn) - 19 hours 40 min ago

VIDEO:

CNBC Video - Powell, Taylor or Yellen? In the short-term, it makes no difference who the next Fed chair is: Pro - 17 hours 41 min ago

Apple CEO Tim Cook talks about new Chicago flagship store: 'A place where people can connect'
CNBC - 13 hours 9 min ago
Apple CEO Tim Cook talks about the company's new flagship store in Chicago.

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CNBC - Tim Cook visits new Chicago flagship Apple Store - 14 hours 49 min ago

Reuters - Apple hit with trademark lawsuit over iPhone X 'animoji' feature - 19 hours 10 min ago

COMMENTARY:

TechCrunch - Apple and AT&T activate provisional LTE Band 8 to give iPhone users in Puerto Rico cellular service - 12 hours 43 min ago

BusinessInsider - Apple hit with trademark lawsuit over iPhone X 'animoji' feature - 14 hours 11 min ago

Fox Business - Apple Inc. Supplier Plans Risk Production of 5-Nano Tech in 2019 - 22 hours 40 min ago

Zacks - Rite Aid (RAD) Sharpens Edge: Adds Apple Pay Option Online - 23 hours 53 min ago

VIDEO:

CNBC Video - Here's how to buy Apple for just $3 - 14 hours 9 min ago

GE vows $20 billion asset sales, 'sweeping change' as profit falls
Reuters - 13 hours 26 min ago
NEW YORK (Reuters) - General Electric Co's new chief executive vowed on Friday to shed more than $20 billion worth of assets and hold executives accountable for failing to deliver profits after what he called "horrible" results in the third quarter.

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Indiatimes - GE's quarterly profit misses estimates, stock drops - 17 hours 24 min ago

CNBC - Cramer: GE's earnings are a 'disgrace' but bet on new CEO to turn things around - 20 hours 52 min ago

BBC - GE cuts profit guidance as shares fall on trading worries - 21 hours 4 min ago

CNN - GE's nightmare just got worse - 23 hours 17 min ago

COMMENTARY:

Zero Hedge - GE-Dip-Buying-Panic Sends Dow To 'Most Overbought' In 62 Years, Yield Curve Collapse Continues - 15 hours 52 min ago

Fox Business - Three major takeaways from GE's earnings - 20 hours 47 min ago

Zacks - Fast Track on Tax Cuts? GE Posts Q3 Fail - 21 hours 36 min ago

BusinessInsider - GE is getting smoked after missing big on earnings (GE) - 23 hours 3 min ago

VIDEO:

CNBC Video - Dow surges 165 points to record close on tax reform hopes, stunning GE comeback - 14 hours 40 min ago

Reuters Video - GE stock drops on earnings - 16 hours 36 min ago

Consumer Reports answers Tesla: 'They seem to misunderstand what we do'
CNBC - 13 hours 51 min ago
Tesla bashed Consumer Reports for predicting the new Model 3 will have average reliability, but the automaker may not understand what the magazine does.

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Reuters - Consumer Reports says Tesla misunderstands 'positive' Model 3 rating - 16 hours 27 min ago

China Daily - EU investigation into Chinese e-bikes may hurt consumers: official - 22 hours 54 min ago

COMMENTARY:

SCMP - When will consumers in Hong Kong ditch their wallets for the mobile version? - 11 hours 51 min ago

BusinessInsider - Consumer Reports and Tesla are in a spat over a Model 3 rating — and the publication says Tesla doesn't get it (TSLA) - 14 hours 28 min ago

I.R.S. Says It Will Reject Tax Returns that Lack Health Insurance Disclosure
New York Times - 13 hours 59 min ago
The agency says it won’t accept individual tax returns that don’t meet requirements under the Affordable Care Act.

RELATED:

Bloomberg - Centene CEO Says 'Business as Usual' Amid Health Debate - 17 hours 5 min ago

COMMENTARY:

Naked Capitalism - Worst Health Care Revolving Door Case So Far, Version 2.0? – From President of Lilly USA to US Secretary of Health and Human Services? - 4 hours 29 min ago

Zacks - Healthcare ETF (VHT) Hits New 52-Week High - 13 hours 24 min ago

BusinessInsider - Republicans' process for passing a tax plan looks strikingly similar to that for healthcare — but they say this time will be different - 21 hours 24 min ago

VIDEO:

CNBC Video - The GOP is much more united on tax cuts than on health care: Kudlow - 15 hours 19 min ago

'I heard you rape women': How journalist Kim Masters stood up to 'bully' Harvey Weinstein
CNN - 14 hours 15 min ago
Journalist Kim Masters remembers the first time she met Harvey Weinstein in person.

CNBC - Tarantino on Weinstein: ‘I knew enough to do more than I did’ - 23 hours 6 min ago

COMMENTARY:

LA Times - Former actress says Harvey Weinstein forced her to touch his genitals: 'This was how things work in Hollywood' - 14 hours 41 min ago

BusinessInsider - Actress says Harvey Weinstein grabbed her neck and masturbated in front of her during a meeting in his hotel room - 17 hours 26 min ago

Zero Hedge - Peter Thiel-Backed Startup Offers To Finance Weinstein Lawsuits - 18 hours 19 min ago

The Guardian - Rich pickings: how Hollywood rivals will profit from Weinstein's downfall - 22 hours 34 min ago

VIDEO:

CNN Video - What we've learned from the Harvey Weinstein scandal - 13 hours 59 min ago

CNBC Video - Tarantino on Weinstein: 'I knew enough to do more than I did' - 22 hours 22 min ago

CEO of Saks, Lord & Taylor steps down
CNN - 14 hours 35 min ago
The CEO of Hudson's Bay Company -- which owns the Saks Fifth Avenue and Lord & Taylor department stores -- stepped down on Friday.

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CNBC - CEO of Saks Fifth Avenue parent company steps down - 15 hours 23 min ago

Reuters - Airbus sees CSeries jets grabbing major global market share: CEO - 17 hours 43 min ago

Indiatimes - Bentley picks former JLR strategy boss Adrian Hallmark as next CEO - 23 hours 24 min ago

COMMENTARY:

Washington Post - Consulting firm managing United Medical Center ousts hospital CEO - 7 hours 24 min ago

TechCrunch - Vungle CEO arrested on charges of attempted murder, assault with a deadly weapon and lewd act upon a child - 13 hours 9 min ago

NY Post - Hudson’s Bay Co. CEO is stepping down - 13 hours 10 min ago

BusinessInsider - Silicon Valley CEO arrested on charges of attempted murder and child abuse - 13 hours 56 min ago

Fox Business - CEO of Saks Fifth Avenue parent to step down - 14 hours 3 min ago

VIDEO:

CNBC Video - Cramer Remix: GE’s CEO is dismantling the company’s corporate culture - 12 hours 42 min ago

WSJ Video - In the Elevator With BuzzFeed CEO Jonah Peretti - 19 hours 1 min ago

CNN Video - The number of black CEOs keeps shrinking - 21 hours 42 min ago

Meet the Men Who Will Defend Google, Facebook and Twitter Before Lawmakers
New York Times - 14 hours 35 min ago
Vice president and general counsel

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Deutsche Welle - G7, Facebook, Google, Twitter agree on plan to counter Islamist terror - 19 hours 43 min ago

CNBC - Facebook mobile and Instagram ad prices are booming, according to a Mizuho report - 20 hours 48 min ago

COMMENTARY:

The Guardian - Adani posts weird video ad on Facebook to fend off Carmichael criticism - 14 hours 21 min ago

Zacks - Facebook to Build Subscription Platform via Instant Articles - 14 hours 33 min ago

Fox Business - Facebook Deepens Partnership With PayPal With Messenger Payments - 14 hours 42 min ago

Wall Street hits record highs; tax plan hopes fuel optimism
Reuters - 15 hours 11 min ago
NEW YORK (Reuters) - U.S. stocks hit record closing highs on Friday and the S&P 500 posted a sixth week of gains after the U.S. Senate passed a budget resolution, lifting hopes that President Donald Trump's tax-cut plan may move forward.

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Reuters - Wall Street rises along with tax-cut hopes - 15 hours 44 min ago

CNBC - Who needs Wall Street? New robot-powered ETF beating the market so far - 20 hours 38 min ago

COMMENTARY:

NY Post - Wall Street furious at proposed $2,400 401(k) limits - 10 hours 5 min ago

BusinessInsider - A 55-year-old Goldman Sachs exec started spinning EDM shows, and he said it's helped his career on Wall Street - 15 hours 41 min ago

VIDEO:

Reuters Video - Wall Street rises on tax-cut hopes - 15 hours 33 min ago

Stock market's future in Trump's hands as Federal Reserve chair pick looms
Reuters - 15 hours 57 min ago
NEW YORK (Reuters) - Investors awaiting the nomination of the next Federal Reserve chair are hoping whoever is nominated pursues the same monetary policy that has supported rising stock prices for the past nine years.

CNN - Millions of Americans are left out of the stock market boom - 23 hours 43 min ago

COMMENTARY:

BusinessInsider - The stock market's robot revolution is here - 18 hours 45 min ago

Zacks - Stock Market News For Oct 20, 2017 - 21 hours 28 min ago

Amazon could put its second HQ in Canada. But will it?
CNN - 16 hours 14 min ago
Amazon is looking for a second headquarters in North America. But does anywhere outside the U.S. have a shot?

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CNBC - This is Amazon's new Echo and it's surprisingly nice for the price - 22 hours 6 min ago

COMMENTARY:

NY Post - Now you can buy a small house on Amazon - 8 hours 48 min ago

TechCrunch - Apple hires Amazon Studios exec Morgan Wandell in push for scripted programming - 13 hours 13 min ago

BusinessInsider - THE FREE SHIPPING REPORT: How this pervasive perk is eating away at margins, and the strategies retailers can adopt to compete with Amazon - 19 hours 54 min ago

Zacks - The Zacks Analyst Blog Highlights: Blue Apron, Amazon and Kroger - 21 hours 47 min ago

VIDEO:

CNBC Video - Sacramento Kings owner courts Amazon for second headquarters - 20 hours 18 min ago

Nestle CEO praised by Third Point but hedge fund still wants more
Reuters - 16 hours 22 min ago
LONDON/BOSTON (Reuters) - Nine months into leading the world's biggest packaged food company, Nestle SA Chief Executive Mark Schneider got a tentative thumbs-up from a prominent investor, who praised his early steps on Friday but said there was more work to be done.

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CNBC - Hedge fund billionaire Klarman says Puerto Rico should pay its debts - 17 hours 58 min ago

COMMENTARY:

NY Post - Hedge funder says Puerto Rico is better off with massive debt - 8 hours 26 min ago

BusinessInsider - Billionaire hedge fund manager Dan Loeb’s Third Point is crushing the competition - 21 hours 24 min ago

VIDEO:

CNBC Video - Market-beating hedge fund chief Dan Loeb is very bullish on US stocks - 19 hours 34 min ago

Bitcoin soars to record high above $6,000
Reuters - 16 hours 29 min ago
NEW YORK (Reuters) - Bitcoin surged to a record high of more than $6,000 on Friday, pushing its market capitalization to $100 billion at one point, as investors continued to bet on an asset that has a limited supply and has paved the way for a whole slew of crypto-currencies.

RELATED:

CNBC - Investing in bitcoin: Tony Robbins and Mark Cuban both agree on this tip - 18 hours 23 min ago

COMMENTARY:

BusinessInsider - Fintech could be bigger than ATMs, PayPal, and Bitcoin combined - 3 hours 52 min ago

Zero Hedge - Zimbabwe Panic Sends Bitcoin Soaring Over $6000 - Now Bigger Than Goldman Sachs - 20 hours 47 min ago

LA Times - Far-right blogger Chuck C. Johnson gave bitcoin donation to Dana Rohrabacher - 20 hours 54 min ago

VIDEO:

CNBC Video - Here's how bitcoin governs itself - 19 hours 47 min ago

Wells Fargo reportedly fires foreign exchange execs amid investigations
CNBC - 16 hours 45 min ago
The executive firings would add to Wells Fargo's existing struggle with scandal in its consumer banking business.

RELATED:

Reuters - Wells Fargo fires forex bankers, investigates unit: WSJ - 18 hours 24 min ago

CNBC - Regulator blasts Wells Fargo for deceptive auto insurance program - 20 hours 4 min ago

New York Times - Regulator Blasts Wells Fargo for Deceptive Auto Insurance Program - 22 hours 54 min ago

COMMENTARY:

Fox Business - Wells Fargo: 4 currency executives no longer work at bank - 15 hours 14 min ago

Zero Hedge - Wells Fargo Shares Dip As Bank Fires 4 FX Traders Following Investigations - 17 hours 44 min ago

JPMorgan slashes its Tesla Model 3 fourth-quarter forecast in half
CNBC - 17 hours 21 min ago
JPMorgan reaffirms its underweight rating for Tesla shares, predicting the company will continue to have issues producing the Model 3.

RELATED:

Bloomberg - JPMorgan's Michele & PGIM's Collins on Yellen - 19 hours 7 min ago

COMMENTARY:

BusinessInsider - JPMORGAN: Tesla could have to raise the price of the Model 3 (TSLA) - 18 hours 57 min ago

Fox Business - JPMorgan Chase's Full-Year Outlook Looks Promising - 21 hours 42 min ago

VIDEO:

CNBC Video - JPMorgan cuts price target on Tesla ahead of earnings - 15 hours 4 min ago

OpenTable CEO: The unexpected way Silicon Valley is responding to the Google anti-diversity memo
CNBC - 17 hours 53 min ago
The tech leader gives an insider's perspective.

COMMENTARY:

BusinessInsider - Google's parent company has made internet balloons available in Puerto Rico, the first time it's offered Project Loon in the US - 12 hours 49 min ago

TechCrunch - Google says 64% of Chrome traffic on Android now protected with HTTPS, 75% on Mac, 66% on Windows - 17 hours 14 min ago

A top Microsoft HR exec says you should apply to jobs in these 2 industries
CNBC - 18 hours 49 min ago
Mark Cuban has said one of the industries could even create the next trillionaire.

RELATED:

CNN - Microsoft Cortana-powered speaker: Solid sound but not a standout - 22 hours 44 min ago

CNBC - Microsoft's noble attempt at a smart speaker isn't as good as the Google Home or Amazon Echo - 22 hours 54 min ago

COMMENTARY:

Zacks - The Zacks Analyst Blog Highlights: Csra, Amazon, Microsoft and ServiceNow - 21 hours 55 min ago

BusinessInsider - This Microsoft-powered $200 speaker is great for Spotify and Skype — but you're probably better off with Amazon or Google (MSFT, GOOG, GOOGL) - 22 hours 54 min ago

Merck to cut 1,800 U.S. sales jobs, add 960 in chronic care
Reuters - 19 hours 9 min ago
(Reuters) - Drugmaker Merck & Co Inc , moving to a new sales team structure in the United States, plans to cut 1,800 sales positions, while adding 960 jobs to a new chronic care sales force, the company said on Friday.

RELATED:

CNBC - Snap is cutting jobs in recruiting and slowing new hires - 19 hours 16 min ago

Reuters - Merck to cut 1,800 U.S. sales jobs, add 960 jobs in chronic care - 19 hours 38 min ago

COMMENTARY:

Fox Business - Merck to cut 1,800 U.S. sales jobs, add 960 in chronic care - 19 hours 10 min ago

Zacks - Airline Stocks, Blue Apron Job Cuts, & Chipotle Earnings Preview - 20 hours 11 min ago

VIDEO:

CNBC Video - Snap is cutting jobs in recruiting and slowing new hires - 16 hours 51 min ago

Political Price Looms for May as She Mulls U.K.’s Brexit Bill
Bloomberg - 20 hours 2 sec ago
Theresa May left the European summit with warm words on Brexit from her fellow leaders, and the cold fact of a 60 billion euro ($70 billion) divorce bill they still want her to pay.

RELATED:

CNN - Time is now the key factor in Brexit talks - 21 hours 29 min ago

CNBC - Nobody explained the consequences of Brexit to the British people: Macron - 21 hours 45 min ago

Bloomberg - May's Tories Give a Cautious Welcome to Her Brexit Progress - 22 hours 33 min ago

COMMENTARY:

The Guardian - Bad weather and Brexit cloud big-ticket buys at John Lewis - 19 hours 13 min ago

Fox Business - French President Macron says Brexit talks are not even 'halfway' to resolution; not ready to pass to trade phase - 23 hours 54 min ago

Schlumberger, Baker Hughes warn of weak fourth quarter
Reuters - 21 hours 24 min ago
(Reuters) - The world's top two oilfield services firms warned on Friday of a challenging fourth quarter for the industry, as investment slows due to soft oil prices and energy firms reducing activity on offshore rigs.

Reuters - Schlumberger, Baker Hughes warn of North America slowdown - 23 hours 16 min ago

COMMENTARY:

24/7 Wall St. - General Electric, Schlumberger Dip into Friday’s 52-Week Low Club - 15 hours 50 min ago

Zacks - Schlumberger (SLB) Posts In-Line Q3 Earnings, Revenues Miss - 17 hours 36 min ago

Fox Business - Schlumberger's Earnings Break Out of Their Funk in the Third Quarter - 17 hours 46 min ago

Business News - The Last 24 Hours

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