Business News - The Last 24 Hours

EU to impose duties on U.S. imports Friday after Trump tariffs
Reuters - 35 min 4 sec ago
BRUSSELS (Reuters) - The European Union will begin charging import duties of 25 percent on a range of U.S. products on Friday, in response to U.S tariffs imposed on EU steel and aluminum early this month, the European Commission said on Wednesday.
RELATED:
BBC - EU to launch counter-tariffs against US on Friday - 1 hour 59 min ago
Bloomberg - EU Retaliation Against U.S. Over Metal Tariffs to Start June 22 - 2 hours 15 min ago
Reuters - Oil traders ready for musical chairs as China tariffs loom - 3 hours 2 min ago
CNBC - Billionaire Koch brothers unveil first ads from multimillion-dollar campaign against Trump's tariffs - 5 hours 24 min ago
Indiatimes - Russia to slam retaliatory tariffs on US imports - 19 hours 55 min ago
COMMENTARY:
LA Times - Tariffs on Chinese goods threaten Southern California ports and could ripple through to consumers - 1 hour 25 min ago
BusinessInsider - EU expected to hit the US back with tariffs on Friday in what could be the first blows of a trade war - 1 hour 38 min ago
Fox Business - Germany's largest automakers back abolition of EU-U.S. car import tariffs - 1 hour 42 min ago
Washington Post - U.S. companies can escape Trump’s steel tariffs. But it won’t be easy. - 12 hours 55 min ago
The Japan Times - Russia to level duties on American goods after U.S. sets metal tariffs in move seen helping sanctions targets - 14 hours 55 min ago
Zero Hedge - India Joins The Tariff War: The Party Is Just Starting! - 16 hours 36 min ago
MarketWatch - Capitol Report: China can’t match Trump in a tariff fight, but it does have other weapons - 20 hours 25 min ago
NY Post - Markets dive in wake of Trump’s latest China tariff threat - 22 hours 45 min ago
VIDEO:
CNBC Video - Look for a 'realignment of trade flows' if China-US tariffs go into effect: Analyst - 8 hours 27 min ago



Tim Cook kept saying ‘trust me’: Why Angela Ahrendts left Burberry for Apple
CNBC - 36 min 44 sec ago
Ahrendts admitted to doubts about the retail VP opportunity at Apple when she was running fashion label Burberry
RELATED:
CNBC - Apple CEO Tim Cook says separating immigrant children at the US border is 'inhumane' - 21 hours 2 min ago
Reuters - Apple CEO to advocate end to 'inhumane' immigrant children separation: Irish Times - 21 hours 31 min ago
COMMENTARY:
BusinessInsider - The CEOs of Google and Apple both fell out of favor with employees this year — here’s why, according to a survey of tech workers (AAPL, GOOGL, GOOG) - 40 min 44 sec ago
Fox Business - Apple iPhones won’t face tariffs amid China trade dispute: report - 16 hours 39 min ago
MarketWatch - Apple fined as Australian customers win right-to-repair court fight - 23 hours 35 min ago
VIDEO:
CNBC Video - Apple the most vulnerable US tech giant when it comes to tariffs - 6 hours 28 min ago



Disney increases bid for Murdoch's Fox assets
BBC - 40 min 38 sec ago
Disney has raised its offer for 21st Century Fox to $71.3bn in cash and shares, from a $52bn all-stock offer.
RELATED:
New York Times - Entertainers in Murdoch’s Media Empire Speak Out Against Fox News - 16 hours 33 min ago
CNBC - UK says it is happy with Rupert Murdoch's Sky News commitments related to bid for parent company - 20 hours 51 min ago
Reuters - Britain happy with Murdoch's Sky News guarantees - 21 hours 35 min ago
COMMENTARY:
The Guardian - Rupert Murdoch must increase Sky News budget to £100m - 22 hours 18 min ago



Starbucks sales forecast raises questions about China, U.S. growth
Reuters - 49 min 46 sec ago
(Reuters) - Starbucks Corp shares fell 4 percent on Wednesday after a dim sales forecast from the U.S. coffee chain prompted Wall Street analysts to question the sustainability of its growth at home and next biggest market China.
RELATED:
Reuters - Starbucks closing cafes; CEO calls performance 'not acceptable' - 13 hours 45 min ago
CNBC - Starbucks shares fall as coffee chain scales back store growth - 17 hours 12 min ago
COMMENTARY:
24/7 Wall St. - Top Analyst Upgrades and Downgrades: Citigroup, Oracle, PTC Therapeutics, Starbucks, Tableau Software, Williams-Sonoma and More - 40 min 33 sec ago
SCMP - Starbucks slides after ‘unacceptable’ performance leads to U.S. store closures - 3 hours 59 min ago
Fox Business - Starbucks provides weak sales outlook, will close 150 stores - 16 hours 4 min ago
Zero Hedge - "World's Biggest Public Toilet" Starbucks Tumbles After Slashing Guidance, 150 Store Closures - 16 hours 44 min ago
BusinessInsider - Starbucks sinks after announcing a weaker-than-expected sales forecast and plans to close over 100 stores next year (SBUX) - 17 hours 1 min ago
VIDEO:
CNBC Video - Cramer: Starbucks 'deserves to sell lower' after weak third-quarter comps guidance - 16 hours 10 min ago



Walt Disney raises bid for Fox assets to $38 per share
Reuters - 1 hour 10 min ago
(Reuters) - Twenty-First Century Fox Inc said on Wednesday Walt Disney Co raised its offer for Fox assets to $38 per share.
RELATED:
CNBC - Disney raises bid for Fox assets to $71.3 billion in cash and stock - 1 hour 15 min ago
New York Times - ‘Frozen’ and ‘Inside Out’ Directors to Succeed Lasseter at Disney and Pixar - 14 hours 16 min ago
Reuters - Walt Disney names creative heads of animation studios - 16 hours 8 min ago
COMMENTARY:
NY Post - Disney increases bid for Fox, topping Comcast offer - 32 min 27 sec ago
Fox Business - 21st Century Fox accepts Disney’s higher bid - 50 min 44 sec ago
BusinessInsider - IT'S A BIDDING WAR: Disney boosts its offer for 21st Century Fox assets to $71. 3 billion (DIS, FOXA) - 1 hour 2 min ago
TechCrunch - Aaptiv raises $22M from Amazon, Disney and more for its “Netflix for fitness”, now valued over $200M - 1 hour 33 min ago
LA Times - Piratas del Caribe de Disneyland, reabre con una nueva escena de subastas - 14 hours 23 min ago
MarketWatch - State Street’s new Communications Services Select ETF has notables Disney, AT&T, Facebook and Netflix - 18 hours 10 min ago



Morgan Stanley downgrades Starbucks due to its China sales growth stumble
CNBC - 1 hour 17 min ago
Morgan Stanley lowers its rating to equal-weight from overweight for Starbucks shares.
RELATED:
Reuters - Italian prosecutor appeals against Morgan Stanley case ruling - 20 hours 45 min ago



Trump wages trade conflicts during historically difficult time for the stock market
CNBC - 1 hour 22 min ago
Trump and the midterms: it's a tough time to start a trade war, but there may be a logic behind it.
RELATED:
Reuters - Asian stocks pick up steam as hopes of policy support lift China - 7 hours 17 min ago
CNBC - China's media projects confidence in face of stock market slump, tariff threats - 11 hours 38 min ago
COMMENTARY:
SCMP - Global stocks tumble as Trump escalates trade war with threatens of more China tariffs - 21 hours 20 min ago
The Guardian - US stock markets fall sharply amid fears of global trade war - 22 hours 52 min ago
VIDEO:
Reuters Video - Trade tensions put global stocks on the run - 21 hours 15 min ago



OPEC set for a collision course over production policy ahead of landmark meeting
CNBC - 1 hour 26 min ago
OPEC kingpin Saudi Arabia is struggling to convince some of the world's largest oil producers over the need to increase oil output ahead of a key meeting on Friday.
RELATED:
CNBC - 'Oil is not a weapon': Iran's energy minister urges OPEC to condemn President Trump - 5 hours 43 min ago
COMMENTARY:
MarketWatch - Futures Movers: Oil edges higher ahead of supply data, OPEC production decision - 1 hour 51 min ago
Zero Hedge - OPEC Confident Global Oil Demand Will Stay Strong - 5 hours 55 min ago
Washington Post - With pump prices above three-year highs, OPEC and Russia look to boost oil production - 18 hours 55 min ago
VIDEO:
CNBC Video - Iran's OPEC governor: Those trying to change deal can walk out - 1 hour 56 min ago



GE shares drop after blue chip is booted from the Dow after 110 years
CNBC - 1 hour 45 min ago
GE, one of the original components of the Dow in 1896, saw its shares fall more than 2 percent in premarket trading Wednesday.
RELATED:
Reuters - Dow-ned but not out: Expulsion no body blow for GE shareholders - 8 hours 36 min ago
CNBC - Worst isn't over for General Electric, predicts ex-GE transportation CEO - 13 hours 36 min ago
COMMENTARY:
24/7 Wall St. - After the Dow Boots General Electric, Why the Breakup Case for GE Looks Stronger - 2 hours 20 min ago
MarketWatch - Market Extra: What Walgreens stock replacing GE may mean for the Dow Jones Industrial Average - 13 hours 43 min ago
VIDEO:
CNBC Video - Former Yum Brands CEO David Novak on GE's rise and fall - 1 hour 42 min ago
Reuters Video - GE loses century-old spot in the Dow - 10 hours 13 min ago



Germany will offer to scrap the EU's 10% tax on US autos: Report
CNBC - 2 hours 6 min ago
German auto makers are proposing an end to the European Union's 10 percent import tax on U.S.-made cars, the Wall Street Journal reported Wednesday.
RELATED:
CNBC - Paul Ryan: Tax reform has improved American lives in just six months - 3 hours 31 min ago
Bloomberg - Theresa May Could Fund the NHS Without Breaking Her Tax Promises - 18 hours 40 min ago
Euronews - Hungary's Orban to tax aid groups which support migration - 18 hours 54 min ago
Indiatimes - AAR ruling a tax twist for foreign hotels - 18 hours 55 min ago
COMMENTARY:
Fox Business - Rich people in high-tax states are using this strategy to evade SALT caps - 21 hours 9 min ago
LA Times - President Trump moves to triple his America First tax on U.S. businesses and consumers - 23 hours 23 min ago



Tesla's Musk says Germany a front runner for Europe Gigafactory
Reuters - 2 hours 7 min ago
STOCKHOLM (Reuters) - U.S. electric carmaker Tesla favors Germany as the location for its first European Gigafactory, its chief executive said, in what would be the latest move by an outside firm into the European battery market.
RELATED:
CNBC - Cramer: Tesla's stock still has more upside—just use the right chart - 14 hours 53 min ago
New York Times - Elon Musk Accuses Tesla Employee of Sabotage - 21 hours 3 min ago
Bloomberg - Tesla and GM Are Collateral Damage in Trump-Versus-Xi Trade War - 21 hours 25 min ago
COMMENTARY:
BusinessInsider - Elon Musk says Tesla could put its first European Gigafactory in Germany - 1 hour 28 min ago
Washington Post - As Tesla races to meet Model 3 deadline, factory pressures and suspicions grow - 13 hours 55 min ago
Zero Hedge - Covert Recordings Of Tesla's New Model 3 Facility Reveal Something Unexpected - 17 hours 38 min ago
TechCrunch - Feds crack down on Tesla Autopilot safety cheat device - 19 hours 12 min ago
SCMP - Tesla deals with ‘damaging sabotage’ by employee who did not get promotion - 19 hours 34 min ago
VIDEO:
CNBC Video - Cramer: Tesla's stock still has more upside—just use the right chart - 14 hours 34 min ago



Meet ‘The Chief’ Theresa May Needs to Defeat Tory Brexit Rebels
Bloomberg - 2 hours 18 min ago
They call him “The Chief,” but few outside of Prime Minister Theresa May’s Tory Party know who Julian Smith is. On Wednesday, she’s relying on her chief whip’s math skills to pass key Brexit legislation.
RELATED:
Bloomberg - U.K. Companies Face Pre-Brexit Tax Bombshell From EU - 4 hours 56 min ago
COMMENTARY:
Washington Post - Building a Billion-Pound Brexit Cushion - 55 min 3 sec ago
Naked Capitalism - EU to Members: Prepare for No Deal Brexit - 4 hours 55 min ago
BusinessInsider - Explained: The 'meaningful vote' amendment and what it could for Theresa May and Brexit - 6 hours 55 min ago
The Guardian - UK could lose £10bn a year in City-related tax revenue after Brexit - 7 hours 25 min ago
VIDEO:
CNBC Video - Investment manager: Brexit uncertainty creates opportunity in the UK - 7 hours 14 min ago



Kroger, on a 'wild ride' in the last year, reports earnings this week. Here's how to play it
CNBC - 2 hours 25 min ago
One derivatives expert says the options market is implying a relatively tame move on Kroger's earnings report.
RELATED:
Reuters - FedEx shares hit by U.S.-China trade tensions ahead of earnings - 19 hours 6 min ago
COMMENTARY:
BusinessInsider - Oracle beats Wall Street's expectations across the board with earnings up 11% (ORCL) - 17 hours 14 min ago
VIDEO:
CNBC Video - FedEx fourth-quarter-earnings beat the street - 16 hours 52 min ago



Mortgage applications jump 5.1% as interest rates settle
CNBC - 2 hours 25 min ago
The gain in mortgage applications was driven by applications to refinance a home loan.
RELATED:
Bloomberg - Erdogan Vows to `Deal' With Interest Rates After Vote, AA Says - 7 hours 10 min ago
COMMENTARY:
MarketWatch - Retire Better: Rising interest rates give retirees good news and bad news - 2 hours 38 min ago



Bithumb: Hackers 'rob crypto-exchange of $32m'
BBC - 2 hours 27 min ago
One of the largest crypto-currency exchanges says thieves have seized $31.6m worth of its funds.
RELATED:
CNBC - A major cryptocurrency exchange says it was hacked and $30 million in coins was stolen - 10 hours 39 min ago
COMMENTARY:
MarketWatch - CryptoWatch: Exchange hack halts bitcoin push toward $7,000 - 28 min 42 sec ago
24/7 Wall St. - South Korean Crypto Exchange Robbed of $31 Million - 1 hour 15 min ago
The Guardian - South Korea's Bithumb loses $31.5m in cryptocurrency heist - 6 hours 4 min ago
SCMP - Cryptocurrency markets are juicy targets for hackers: Timeline - 6 hours 35 min ago
TechCrunch - Korean crypto exchange Bithumb says it lost over $30M following a hack - 8 hours 41 min ago
NY Post - South Korean crypto exchange loses $31 million in hack - 9 hours 42 min ago
Washington Post - Major cryptocurrency exchange Bithumb halts trading after more than $31 million hack - 9 hours 55 min ago
Zero Hedge - This 19-Year-Old Crypto Trading Wizard Is Launching A Fund Backed By Sequoia, Coinbase - 17 hours 59 min ago
BusinessInsider - Bitcoin 101: Your essential guide to cryptocurrency - 20 hours 22 min ago
The Japan Times - FSA to punish major cryptocurrency exchange operators - 23 hours 55 min ago
VIDEO:
Reuters Video - Hackers walk away with $32 million in crypto-heist - 2 hours 33 min ago
CNBC Video - Inside the $44 million Italian mega-mansion that's about to make cryptocurrency history - 22 hours 4 min ago



Bitcoin is 'not for me' but it's too 'arrogant' to say it won't have a future, Goldman Sachs CEO says
CNBC - 2 hours 43 min ago
Lloyd Blankfein said he does not own bitcoin.
RELATED:
Reuters - Goldman Sachs to invest $500 mln in women-run companies - 14 hours 31 min ago
CNBC - Goldman Sachs CEO says the US and China are not in a 'suicide pact' on trade - 18 hours 35 min ago
COMMENTARY:
SCMP - Goldman Sachs chief executive sees US avoiding ‘suicide pact’ on trade feud with China - 17 hours 30 min ago
VIDEO:
CNBC Video - Goldman Sachs CEO: 'Tit-for-tat' approach to trade negotiations is 'crazy' - 21 hours 54 min ago



China's Xiaomi targets as much as $6.1 billion in Hong Kong IPO: sources
Reuters - 3 hours 3 min ago
HONG KONG (Reuters/IFR) - Chinese smartphone maker Xiaomi Corp is planning to raise up to $6.1 billion from a Hong Kong IPO launching this week, people with knowledge of the matter said, in what will be one of the biggest tech floats globally of recent years.
RELATED:
Reuters - China's Xiaomi plans to raise up to $6.1 billion in Hong Kong IPO: sources - 5 hours 2 min ago
CNBC - Europe's IPO market heats up, and unicorns are getting in line - 23 hours 2 min ago
COMMENTARY:
MarketWatch - The Wall Street Journal: China’s big-data firm Jiguang seeks a big U.S. IPO - 39 min 50 sec ago
SCMP - Xiaomi pushes ahead with Hong Kong IPO amid stand-off with China regulator - 1 hour 9 min ago
Washington Post - Xiaomi IPO Has China’s Moms and Pops Paying Lei Jun - 5 hours 55 min ago
24/7 Wall St. - Chinese Smartphone Maker Xiaomi Delays $10 Billion IPO on Regulatory Issues - 21 hours 29 min ago
TechCrunch - Pondering an IPO, cyber security company CrowdStrike raises $200 million at over $3 billion valuation - 23 hours 54 min ago



World shares snap five-day losing streak on China policy easing
Reuters - 3 hours 44 min ago
LONDON (Reuters) - World stocks steadied near three-week lows on Wednesday and Chinese markets bounced after recent sharp falls as expectations grew that policy stimulus by Beijing could temper some of the impact from an escalating Sino-U.S. trade conflict.
RELATED:
Indiatimes - We have rebuilt China: Donald Trump - 6 hours 25 min ago
Bloomberg - Trump Faults China's Economic Policy as Threat to U.S. Security - 8 hours 14 min ago
CNBC - Cramer Remix: Go ahead, China—sell your U.S. Treasurys! - 14 hours 26 min ago
Reuters - Trump threatens almost all imports from China as Beijing fires back - 18 hours 25 min ago
COMMENTARY:
Zero Hedge - White House Accuses China Of "Persistent Economic Espionage And Aggression" - 1 hour 10 min ago
Washington Post - China Digs a Trench for the U.S. Trade Siege - 1 hour 55 min ago
MarketWatch - Europe Markets: European stocks stage recovery, but U.S.-China trade tensions remain - 4 hours 44 min ago
The Japan Times - Stocks dive as Trump threatens almost all imports from China and Beijing fires back - 14 hours 55 min ago
Fox Business - China bearing the brunt of trade tensions - 21 hours 50 min ago
VIDEO:
CNBC Video - China can 'survive' without America: Analyst - 9 hours 44 sec ago



Chinese media denounces Trump trade moves as Beijing touts sincerity
Reuters - 4 hours 39 sec ago
BEIJING (Reuters) - The Trump administration has "blood lust" when it comes to pushing its trade agenda against China and wants to "suck the lifeblood" from China's economy, a state-run newspaper said on Wednesday, stepping up the angry rhetoric over their dispute.
RELATED:
Bloomberg - Mnuchin’s Silence Signals His Displeasure With Trump’s Trade War - 5 hours 25 min ago
CNBC - Asian economies have a lot to lose in a US-China trade war - 6 hours 26 min ago
Indiatimes - Chinese paper says Trump administration has 'blood lust' over trade - 8 hours 55 min ago
Reuters - Asia business sentiment slips from seven-year high on trade worries: Thomson Reuters/INSEAD - 10 hours 6 min ago
Deutsche Welle - Trump’s economic boom stalked by trade fears - 20 hours 36 min ago
COMMENTARY:
The Japan Times - Japanese auto industry highlights its U.S. investments as Trump trade fears grow - 2 hours 55 min ago
The Guardian - China calls for calm as trade war fears grow – business live - 5 hours 53 min ago
Naked Capitalism - Some Notes on Trump’s Trade War Threat - 6 hours 38 min ago
SCMP - Trump trade adviser doesn't know about an iPhone exemption in China trade spat - 12 hours 5 min ago
Zero Hedge - Blankfein: Trump's Trade Threats Are A Savvy "Negotiating Strategy" - 13 hours 40 min ago
BusinessInsider - The Dow erases its 2018 gains as Trump moves closer to an all-out trade war with China - 17 hours 20 min ago
MarketWatch - A Trump trade war could push China to the brink - 18 hours 26 min ago
NY Post - White House downplays China trade tensions as ‘dispute’ - 20 hours 37 min ago
Washington Post - The Finance 202: Economists say we're not in a full-blown trade war. Yet. - 23 hours 55 min ago
VIDEO:
CNBC Video - Trump amps up trade war threats: Here's what happens next - 16 hours 31 min ago
Reuters Video - Trade: Trump threat hits stocks, China condemns 'blackmail' - 21 hours 11 min ago



How Jamie Dimon, Indra Nooyi and other top CEOs turned adversity into an advantage
CNBC - 4 hours 29 min ago
Adversity can become your advantage if you choose to persevere and learn from the challenges you face.
RELATED:
Indiatimes - Ayushman Bharat to create over 100,000 long-term jobs, says CEO Indu Bhushan - 10 hours 55 min ago
CNBC - More tests are needed to develop a gene therapy for a rare genetic disease: Sarepta CEO - 13 hours 28 min ago
COMMENTARY:
BusinessInsider - Here are the 26 top tech CEOs of 2018, according to the employees who work for them (AAPL, FB, GOOGL, MSFT) - 46 min 24 sec ago
Washington Post - CEOs are calling the separation of children and families at the border 'inhumane' and 'tragic' - 1 hour 55 min ago
The Japan Times - Hitachi CEO promises to prioritize profitability in U.K. nuclear power plant project - 2 hours 55 min ago
Fox Business - FedEx CEO: 'Trade is a two-way street' - 15 hours 23 min ago
MarketWatch - Key Words: Separation of families at U.S. border is a ‘war crime,’ says tech CEO - 20 hours 40 min ago
VIDEO:
CNBC Video - Pandora CEO Roger Lynch on teaming up with Snap - 2 hours 44 sec ago
Reuters Video - VW names interim Audi boss after CEO arrest - 20 hours 53 min ago



Hyundai teams up with Volkswagen's Audi to boost hydrogen cars
Indiatimes - 5 hours 25 min ago
Hyundai hopes that the move will create greater demand for vehicles such as its ix35 model and bring down costs to make the technology profitable.
RELATED:
Deutsche Welle - Ford and Volkswagen eye strategic partnership - 6 hours 3 min ago
COMMENTARY:
24/7 Wall St. - Can Volkswagen Help Save Ford? - 2 hours 56 min ago



Forget Amazon and Apple, smaller companies are the real disruptors, says top media exec
CNBC - 6 hours 36 min ago
It's been a year since Amazon bought Whole Foods in a $13.7 billion deal that sent tremors through the grocery industry.
RELATED:
Indiatimes - Amazon Alexa assisting NASA become smarter at work - 8 hours 25 min ago
CNBC - Here's a map of every Whole Foods where you'll get an Amazon Prime discount - 17 hours 58 min ago
New York Times - Amazon Is Urged to Bar the Sale of Its Facial Recognition Technology to Police - 21 hours 6 min ago
COMMENTARY:
Zero Hedge - Amazon Creates 1,000 Jobs With 4th Michigan Warehouse After Receiving State Grant - 18 hours 15 min ago
24/7 Wall St. - Amazon Hub Wants to Handle Every Package You Get - 20 hours 45 min ago
BusinessInsider - Amazon just made a subtle change to its website, and some shoppers say they're stressed (AMZN) - 21 hours 10 min ago
TechCrunch - Amazon is bringing the Echo to Italy and Spain - 22 hours 12 min ago
VIDEO:
Reuters Video - Amazon's Alexa at Marriott hotels - 17 hours 24 sec ago



ZTE's Hong Kong shares rise after clarification of U.S. bill impact
Reuters - 7 hours 37 min ago
HONG KONG (Reuters) - Shares of China's ZTE Corp rose as much as 18 percent in Hong Kong on Wednesday as the impact of a U.S. Senate bill that threatens to restore penalties on the company became clearer.
RELATED:
Reuters - ZTE and U.S. still working on escrow agreement: U.S. official - 17 hours 9 min ago
COMMENTARY:
SCMP - ZTE shares bounce back ahead of Trump meeting with Republican senators - 1 hour 25 min ago
The Japan Times - U.S. Senate backers of ZTE curbs ready to battle Trump over Chinese firm - 14 hours 55 min ago
VIDEO:
CNBC Video - GOP lawmakers to meet with White House on ZTE issue - 2 hours 18 min ago
Reuters Video - ZTE shares tank after U.S. Senate puts Trump reprieve in doubt - 21 hours 36 min ago



Ford and VW in talks about developing range of vans
BBC - 8 hours 14 min ago
The motor giants say they are 'investigating several joint projects" to boost their competitiveness.
RELATED:
Reuters - Ford to redevelop symbol of Detroit decline to house tech workers - 18 hours 9 min ago
COMMENTARY:
TechCrunch - VW Group and Ford Motor in early talks to develop commercial vehicles together - 14 hours 59 min ago
BusinessInsider - We drove a $33,000 Ford Mustang and a $38,000 Chevy Camaro to see which entry-level iconic sports car we liked better — here's the verdict (GM, F) - 19 hours 30 min ago



Microsoft's Nadella: Trump administration policy separating children from families is 'abhorrent'
CNBC - 8 hours 59 min ago
In his email to employees, Nadella also clarified Microsoft's work with the U.S. Immigration and Customs Enforcement.
RELATED:
New York Times - Microsoft Employees Protest Work With ICE, as Tech Industry Mobilizes Over Immigration - 14 hours 8 min ago
COMMENTARY:
BusinessInsider - Read the letter 100 Microsoft staff reportedly sent to Satya Nadella protesting the firm’s $19 million deal with ICE - 4 hours 34 min ago
VIDEO:
CNBC Video - MongoDB: Amazon, Google and Microsoft are investing in the success of the cloud business. - 2 hours 7 min ago



FedEx profit tops Wall Street estimates amid trade war worries
Reuters - 13 hours 38 min ago
LOS ANGELES/NEW YORK (Reuters) - FedEx Corp reported fourth-quarter profit that beat Wall Street estimates on Tuesday, as revenues and operating margins increased in each of the company's operating units.
RELATED:
Reuters - Trade fears rattle Wall Street, Dow gives up 2018 gains - 17 hours 14 min ago
COMMENTARY:
MarketWatch - Mark Hulbert: How Wall Street’s short-term focus can bring you long-term stock gains - 4 hours 5 min ago
BusinessInsider - Netflix surges above $400 for the first time after a slew of Wall Street bullishness (NFLX) - 18 hours 50 min ago
VIDEO:
CNBC Video - Netflix gets a $500 price target, the highest on Wall Street - 23 hours 46 min ago



Oracle's forecast miss overshadows cloud growth, shares fall
Reuters - 14 hours 48 min ago
(Reuters) - Oracle Corp's forecast for current-quarter profit missed analysts' expectations on Tuesday, hurt by a strengthening U.S. dollar, dampening its fourth-quarter earnings beat that was powered by growth in its cloud business.
RELATED:
Reuters - Oracle's quarterly results beat estimates on cloud growth - 16 hours 13 min ago
CNBC - Oracle reports strong fourth quarter results and stock edges up - 16 hours 56 min ago
COMMENTARY:
MarketWatch - MarketWatch First Take: Oracle cloud growth slows, and — Surprise! — it stops giving cloud numbers - 12 hours 50 min ago
VIDEO:
CNBC Video - This analyst wants to know more about Oracle's cloud business - 13 hours 43 min ago



BofA's Merrill admits misleading customers, to pay $42 million SEC fine
Reuters - 17 hours 15 min ago
WASHINGTON/NEW YORK (Reuters) - Bank of America Corp's Merrill Lynch unit admitted to misleading brokerage customers about which firms processed their trades and agreed to pay a $42 million fine under a settlement with the U.S. Securities and Exchange Commission announced on Tuesday.
RELATED:
Reuters - Merrill Lynch to pay $42 million for misleading customers: SEC - 18 hours 48 min ago
CNBC - SEC commissioner scolds CEOs who sell their companies' shares during stock buybacks they've authorized - 21 hours 33 min ago
COMMENTARY:
Fox Business - SEC busts $102M Ponzi scheme that defrauded 600 investors - 17 hours 6 min ago
Zero Hedge - John McAfee Says He's No Longer Pitching ICOs "Due To SEC Threats" - 21 hours 30 min ago



The CEO of agency giant IPG welcomes challengers to Facebook and Google: 'The more the merrier'
CNBC - 18 hours 32 min ago
Michael Roth is happy to see representatives from Amazon, Twitter, Snap, and other players in digital advertising at Cannes.
RELATED:
Reuters - Facebook expands offerings for video creators to cash in on views - 19 hours 53 min ago
CNBC - Facebook takes another shot at grabbing social media stars from YouTube - 19 hours 55 min ago
Indiatimes - Anti-talk ULFA opens new Facebook account after police blocked old account - 20 hours 55 min ago
Euronews - Couples raises more than $4.5 million on Facebook to reunite immigrant families - 20 hours 57 min ago
Bloomberg - Facebook Misses Another Senate Deadline on Privacy Questions - 21 hours 59 min ago
COMMENTARY:
TechCrunch - Facebook launches Workplace for Good, a free version of its enterprise product for non-profits - 1 hour 8 min ago
BusinessInsider - Facebook ordered to explain why it deleted the profile of a dead man after a mysterious request - 1 hour 54 min ago
Washington Post - Cambridge Analytica whistleblower Christopher Wylie warns that Facebook targeting threatens free speech - 15 hours 55 min ago



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