Coverage: Intel names its interim CEO to the permanent role
Intel Corp.’s stock slid Thursday after the chipmaker named interim CEO Robert Swan to the position permanently, ending a months-long search following the ouster of Brian Krzanich for what it called a “consensual relationship” with an employee. Jordan Novet and Sara Salinas of CNBC.com had the news: Swan, 58, has been interim CEO for seven months and chief financial officer […]
Coverage: The Fed is slowing down on interest rate hikes
The Federal Reserve Board on Wednesday signaled its three-year-drive to tighten monetary policy may be at an end amid a suddenly cloudy outlook for the U.S. economy due to global headwinds and impasses over trade and government budget negotiations. Howard Schneider and Jason Lange of Reuters had the news: As it held interest rates steady, the U.S. central […]
Talking Biz News Today — Jan. 31, 2019
Some of Thursday’s top business news stories: Associated Press Trump Organization to use E-Verify for worker status checks, by Bernard Condon E-cigs outperform patches and gums in quit-smoking study, by Matthew Perrone Bloomberg Facebook shares surge as sales, profit beat Wall Street estimates, by Sarah Frier Apple is planning 3-D cameras for iPhones in AR push, by Mark Gurman and Debby […]
Coverage: Apple’s service business grows while iPhone slips
Apple Inc. reported sharp growth in its services business and Chief Executive Tim Cook said trade tensions between the United States and China were easing, helping the technology company’s shares up after hours. Stephen Nellis of Reuters had the news: Apple said sales for the current quarter would most likely be lower than Wall Street expected, […]
Talking Biz News Today — Jan. 30, 2019
Some of Wednesday’s top business news stories: Associated Press Three things to watch for from the Federal Reserve on Wednesday, by Martin Crutsinger Billionaires hit Warren on proposed tax hike on top earners, by Elana Schor and Holly Ramer Bloomberg PG&E had rescue options; here’s why it chose bankruptcy instead, by David R. Baker China’s economic woes have further to […]
Talking Biz News Today — Jan. 29, 2019
Some of Tuesday’s top business news stories: Associated Press U.S. sanctions hit Venezuelan oil company, by Alexandra Olson and Cathy Bussewitz U.S. charges Chinese tech giant Huawei, tech executive, by Michael Balsamo Bloomberg Marriott sued by housekeeper over guest sexual misconduct, by Rebecca Greenfield Facebook Watch isn’t living up to its name, by Sarah Frier Fortune McDonald’s and Wendy’s bulk up […]
Coverage: Government shutdown cost economy $6 billion
The month-long government shutdown cost the U.S. economy $6 billion, according to Friday estimates by S&P Global Ratings. That’s $300 million more than Trump’s demand for $5.7 billion to build the southern border wall. Morgan GStalter of The Hill had the news: Trump’s top economic adviser, Larry Kudlow, said earlier this week that he didn’t expect the shutdown […]
Talking Biz News Today — Jan. 28, 2019
Some of Monday’s top business news stories: Associated Press Trump rollbacks for fossil fuel industries carry a steep cost, by Matthew Brown Economy likely to pick up, though pain may linger for some, by Josh Boak Bloomberg Trump’s China tariffs likely to be investigated by the WTO, by Bryce Baschuk This educational gaming company has testing down to […]
Coverage: Starbucks’ earnings post a pleasant surprise
Improved U.S. holiday sales helped Starbucks Corp. achieve better-than-expected results in its fiscal first quarter. Dee-Ann Durbin of the Associated Press had the news: After a disappointing holiday in 2017, Starbucks made some changes. This past year, holiday drinks went on sale earlier and the company removed some merchandise from the lobby to make a clearer […]
Talking Biz News Today — Jan. 25, 2019
Some of Friday’s top business news stories: Associated Press Belt buckles and beer: Shutdown hits businesses hard, by Christopher Rugaber Government shutdown strains emerge in U.S. air travel system, by David Koenig Bloomberg Starbucks is basically a China stock now, by Craig Giammona Scotch for the price of a Tesla? Macallan’s has a 52-year-old bottle for you, by Craig […]
