Coverage: New home sales fell 6.9% in January
New-home sales fell 6.9% in January from a month earlier to a seasonally adjusted annual rate of 607,000, the Commerce Department said Thursday. David Harrison and Sarah Chaney of The Wall Street Journal had the news: Economists surveyed by The Wall Street Journal had expected new-home sales to rise to an annual rate of 622,000 in January. The rate […]
Talking Biz News Today — March 15, 2019
Some of Friday’s top business news stories: Associated Press Huawei pleads not guilty in U.S. court in Iran sanctions case, by Tom Hays Facebook says outages due to “server configuration change,” by Mae Anderson Bloomberg Facebook says chief product officer Chris Cox to leave, by Sarah Frier Goldman Sachs says in New York filing it’s cutting 65 […]
Talking Biz News Today — March 14, 2019
Some of Thursday’s top business news stories: Associated Press Big tech companies cast as monopolies in UK government study, by Kelvin Chan and Michael Liedtke Alaska poised to let people use marijuana at certain stores, by Becky Bohrer Bloomberg Billionaire trio unites with Brookfield’s purchase of Oaktree, by Tom Metcalf and Gillian Tan Uber is close to securing investors for its self-driving […]
Coverage: Boeing’s 737 MAX jets are grounded by U.S.
The Federal Aviation Administration on Wednesday grounded all Boeing 737 Max jets in the U.S., citing new evidence that showed similarities between two fatal crashes of the planes that have killed 346 people in less than five months. Leslie Josephs and Kevin Breuninger of CNBC.com had the news: The move marks a stunning turnaround for the U.S., which has […]
Coverage: Wells Fargo CEO goes to Congress
Lawmakers on Tuesday pressed Wells Fargo & Co. Chief Executive Officer Tim Sloan for proof the bank has put a string of consumer abuse scandals behind it at a tense congressional hearing. Imani Moise and Pete Schroeder of Reuters had the news: While Sloan struggled to convince skeptical lawmakers that Wells Fargo has transformed its culture, he managed […]
Talking Biz News Today — March 13, 2019
Some of Wednesday’s top business news stories: Associated Press Criticism of FAA mounts as other nations ground Boeing jets, by Richard Lardner and Tom Krisher Honda recalls 1.2M more vehicles with dangerous air bags, by Tom Krisher Bloomberg Rite Aid’s top executives leave as 400 jobs are cut, by Robert Langreth T-Mobile’s proposed Spring deal draws criticism from Democrats, […]
Coverage: Tesla reverses course, will keep more stores open
Tesla Inc. rolled back plans to close stores on Monday and will raise prices on some of its electric-vehicle models, an about-face after the auto maker said last month it would shut many of its locations and move sales online only. Kimberly Chin and Esther Fung of The Wall Street Journal had the news: After closing 10% of its locations, […]
Talking Biz News Today — March 12, 2019
Some of Tuesday’s top business news stories: Associated Press Second crash renews safety concerns for Boeing’s prized new jet, by David Koenig Tech leads US stocks broadly higher; Boeing drops, by Damian J. Troise and Alex Veiga Bloomberg Tesla’s “amateur hour” backpedaling prompts analyst head-shaking, by Esha Dey History could doom U.S.-China trade deal, by Michael Schuman Fortune […]
Coverage: Job growth slowed in February
The breakneck pace of hiring slumped in February, a sign that U.S. growth is cooling, though strong wage growth and earlier robust job gains suggest the economy’s near decadelong expansion will endure. Sarah Chaney of The Wall Street Journal had the news: U.S. nonfarm payrolls rose a seasonally adjusted 20,000 in February, the Labor Department said […]
Talking Biz News Today — March 11, 2019
Some of Monday’s top business news stories: Associated Press China’s Yi affirms pledge to avoid devaluation for trade, by Joe McDonald Companies decry “valve turners” who shut down pipelines, by Blake Nicholson Bloomberg Europe’s growth engine sputters, by Chris Reiter and Catherine Bosley Huawei shows where the real U.S.-China imbalance lies, by Tim Culpan Fortune […]
