Coverage: Stock market has huge one-day jump
The Dow Jones Industrial Average surged more than 1,000 points for the first time on Wednesday, leading a broad Wall Street rebound after a report that holiday sales were the strongest in years helped mollify concerns about the health of the economy. Lewis Krauskopf of Reuters had the story: Following Wall Street’s worst-ever Christmas Eve drop […]
Talking Biz News Today — Dec. 27, 2018
Some of Thursday’s top business news stories: Associated Press “Hi, my name is ____, and I’m addicted to tech,” by Martha Irvine U.S. home price growth slowed in October, by Josh Boak Bloomberg Fund investors pull $56 billion in biggest exit since 2008, by Charles Stein $5.6 trillion stock loss has traders on the edge of the seats, […]
Coverage: Trump wants to fire Fed chair, or maybe not
U.S. Treasury Secretary Steven Mnuchin says President Donald Trump has denied ever suggesting firing Federal Reserve Board Chairman Jerome Powell. Darlene Superville of the Associated Press had the news: Trump has been attacking the Fed — and Powell personally — for the central bank’s interest rate increases. Trump blames the independent agency’s hikes for recent stock […]
Talking Biz News Today — Dec. 24, 2018
Some of Monday’s top business news stories: Associated Press Will stocks rise in 2019? Maybe, but it will be stressful, by Stan Choe A decade-long rally on Wall St. looks like it’s ending, by Marley Jay Bloomberg Mnuchin called top U.S. bank executives about market security, by Saleha Mohsin and Ros Krasny Wall Street quietly shelves its bitcoin dreams, by Alastair […]
Coverage: Walgreens plans to cut $1 billion in annual costs
Walgreens Boots Alliance said Thursday it would launch a “transformational cost management program” designed to save more than $1 billion annually within three years. Bruce Japsen of Forbes.com had the story: The moves comes as Walgreens faces pressure from government reimbursements for prescription drugs around the world, particularly in the United Kingdom. The need to reduce costs also […]
Talking Biz News Today — Dec. 21, 2018
Some of Friday’s top business news stories: Associated Press Facebook removes fake Bangladesh news sites, by Julhas Alam Dow sinks another 464 points as slowdown fears worsen, by Marley Jay Bloomberg Facebook is developing a cryptocurrency for WhatsApp transfers, by Sarah Frier and Julie Verhage Tesla’s latest rival looks a lot like its German alter ego, by Elisabeth Berhmann Fortune Retailers […]
Coverage: Fed raises rates, signals two hikes for 2019
The Federal Reserve again raised interest rates, but that might be the last hike for a while. The central bank indicated it would raise rates more slowly in 2019, nodding to signs that the U.S. and global economies are cooling. Irina Ivanova of CBS News had the story: U.S. stocks tumbled on the news, with market […]
Talking Biz News Today — Dec. 20, 2018
Some of Thursday’s top business news stories: Associated Press Stocks skid to 15-month low after Fed raises rates again, by Marley Jay U.S. cybersecurity firm: Hackers stole EU diplomatic cables, by Raphael Satter Bloomberg Facebook has biggest plunge since July as “another show” drops, by Ryan Vlastelica Major investors in leveraged loans are unloading big chunks, by Davide Scigliuzzo and Sally […]
Coverage: FedEx slashes forecast, stock price drops
FedEx said Tuesday it was starting a voluntary buyout program for some U.S. workers after troubles in its express delivery business and a European acquisition have hurt profits. Paul Ziobro of MarketWatch.com had the story: The company declined to say how many jobs it is targeting, but said it plans to make a similar offer to […]
Talking Biz News Today — Dec. 19, 2018
Some of Wednesday’s top business news stories: Associated Press Stock market woes raise a nagging fear: Is a recession near? by Josh Boak Plunging oil prices pull energy stocks lower, erasing gains, by Stan Choe and Marley Jay Bloomberg Williams-Sonoma accuses Amazon of copying its West Elm furniture, by Spencer Soper Blue Apron’s 90% drop makes it third-worst IPO this […]
