Business

Most recent stories in Business

• Top Stories

  • 

    Dow futures rise 300 points ahead of important Fed meeting

    CNBC - Fred Imbert
  • 

    GM to spend nearly $7B on EV, battery plants in Michigan

    Associated Press - By DAVID EGGERT and TOM KRISHER
  • 

    Biden Administration Withdraws Covid Vaccination, Testing Rules

    TheStreet - Kirk O’Neil
  • 

    Surprising pandemic side effect: Soaring trade deficits

    Axios - Neil Irwin

• CNBC: Markets

  • 

    Jefferies aerospace analyst reacts to Boeing's $4.4 billion in Q4 charges

    CNBC
  • 

    Nasdaq CEO Adena Friedman breaks down better-than-expected Q4 earnings

    CNBC
  • 

    The Pre-Market Rundown 2: January 26, 2022

    CNBC
• 

  Associated Press

  

  • EPA

  EPA acts on environmental justice in 3 Gulf Coast states

  Associated Press - By MATTHEW DALY

  WASHINGTON (AP) — The Environmental Protection Agency is taking a series of enforcement actions to address air pollution, unsafe drinking water and other problems afflicting minority communities in three Gulf Coast states, following a “Journey to Justice” tour by Administrator Michael Regan last …

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  • Digital Currency

  IMF urges El Salvador to remove Bitcoin as legal tender

  bbc.co.uk - BBC News

  The International Monetary Fund (IMF) has urged El Salvador to reverse its decision to make Bitcoin legal tender. In September, El Salvador became the first country to allow consumers to use the cryptocurrency in all transactions, alongside the US dollar. The decision led to large-scale protests over …

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  Associated Press

  

  • China-U.S. Relations

  China 2008 vs 2022: Richer, stronger, more confrontational

  Associated Press - By JOE McDONALD

  BEIJING (AP) — China has undergone history-making change since the last time it was an Olympic host in 2008: It is richer, more heavily armed and openly confrontational. As President Xi Jinping’s government prepares for February’s Winter Olympics, it has greater leverage to exert influence abroad …

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  BBC News

  

  

  • El Salvador

  IMF urges El Salvador to remove Bitcoin as legal tender

  BBC News

  The International Monetary Fund (IMF) has urged El Salvador to reverse its decision to make Bitcoin legal tender. In September, El Salvador became the first country to allow consumers to use the cryptocurrency in all transactions, alongside the US dollar. The decision led to large-scale protests over …

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  Associated Press

  

  • Ras al-Khaimah

  UAE sheikhdom to allow gaming as Wynn Resorts plans project

  Associated Press - By JON GAMBRELL

  DUBAI, United Arab Emirates (AP) — One of the seven sheikhdoms in the United Arab Emirates said Tuesday it will allow “gaming” while announcing a multibillion-dollar deal with Las Vegas-based casino giant Wynn Resorts. The announcement by Ras al-Khaimah comes after months of rumors about gambling …

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  The Guardian

  

  • Business (India)

  UK could gain ‘first-mover’ advantage with India trade deal

  The Guardian - Larry Elliott Economics editor

  Gains from a UK trade deal with India could be on a par with those from an agreement with the US but risks exposing the economy to tougher competition, a report says. The Resolution Foundation thinktank said successful talks between London and New Delhi had the potential to gain “first-mover” …

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  CNN

  

  • Starbucks

  Starbucks is launching an energy drink

  CNN

  New York (CNN Business) — Starbucks is giving customers new ways to perk up: a line of energy drinks called Starbucks Baya Energy and a bunch of fresh flavors in the grocery aisle. Baya will be available for purchase at stores and online starting this week, and will go on sale at US Starbucks stores …

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  FOX Business

  

  • Yelp

  Inflation isn't deterring consumers from seeking out higher-priced businesses, Yelp says

  FOX Business - Daniella Genovese

  Consumers are still seeking out higher-priced businesses on Yelp even with inflation nearing a 40-year high, according to a new Yelp report. According to the Yelp Economic Average report, searches for businesses that have four dollar signs, which is the highest price point on Yelp, increased by 56% …

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  CNBC

  

  • Bentley Motors

  Bentley to invest $3.4 billion to exclusively offer EVs by 2030

  CNBC - Michael Wayland

  Bentley Motors plans to spend 2.5 billion pounds (about $3.4 billion) over the next decade to become a fully electric luxury brand by 2030, the …

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  Forbes

  

  • Mango

  Mango Will Open Flagship Store On New York’s Fifth Avenue

  Forbes - Walter Loeb

  Mango fashion clothes are sold in 110 countries world-wide. Its home base is in Barcelona, Spain. Now it will open a flagship store on New York’s Fifth Avenue. The flagship store will be located at 711 Fifth Avenue, the site of the former Ralph Lauren Polo store. The store will feature contemporary …

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  Reuters

  

  • Capital Markets

  Goldman Sachs: markets have not reached "danger zone" levels yet

  Reuters

  The logo for Goldman Sachs is seen on the trading floor at the New York Stock Exchange (NYSE) in New York City, New York, U.S., November 17, 2021. REUTERS/Andrew Kelly/File Photo LONDON, Jan 26 (Reuters) - High valuations and one of the strongest recoveries from a bear market in history have left …

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  CBS News

  

  • Advertising

  Fashion Nova blocked negative customer reviews, FTC says

  CBS News - By Kate Gibson

  Fashion Nova will pay $4.2 million to settle allegations that the online retailer blocked negative customer reviews from being posted on its website, …

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  Fox News

  

  • Liability Insurance

  San Jose approves gun owners liability insurance

  Fox News - Lawrence Richard

  A California city has approved liability insurance for gun owners, the first such measure in the US, as it seeks to lower gun violence through stricter rules. The San Jose City Council held a final vote on Tuesday to turn a proposal it previously passed into law requiring gun owners in the city to …

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  CNBC

  

  • Finance

  There's 'strong potential' for a weaker U.S. dollar over the next 6 months, says Nomura

  CNBC

  Craig Chan of the financial services firm says many factors, such as slowing U.S. inflation momentum and increasing signs of economic recovery in …

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  CNBC

  

  • Capital Raising

  Crackdown on Chinese IPOs in the U.S. could make investors think twice about betting on tech

  CNBC - Evelyn Cheng

  BEIJING — Investors may have to think twice about whether to bet on Chinese tech start-ups as new regulations are imposed on mainland companies …

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  Associated Press

  

  • Capital Markets

  As Fed meets, investor angst over rate hikes spooks markets

  Associated Press - CHRISTOPHER RUGABER, AP Economics Writer

  WASHINGTON (AP) — Wild volatility in the stock market this week has put heightened scrutiny on the Federal Reserve's meeting Wednesday and whether the Fed will clarify just how fast it plans to tighten credit and potentially slow the economy. With high inflation squeezing consumers and businesses, …

• 

  • Stablecoin

  Diem Reportedly Trying to Sell Assets—Is This the End of Facebook’s Stablecoin Ambitions? - Decrypt

  decrypt.co - Jeff Benson

  Diem Association (formerly known as Libra Association), the stablecoin project started by Meta (formerly known as Facebook), may soon be known as …

• 

  Bloomberg

  

  • iPhone SE

  Power On: A New iPhone SE and iPad Are Coming Soon

  Bloomberg

  Bloomberg's Mark Gurman tells us what to expect at Apple's spring 2022 Apple event - including a 5G iPhone SE and new iPad Air.

• 

  Bloomberg

  

  • Civil Rights

  New York Times Excludes Union Staff From Juneteenth, Guild Says

  Bloomberg - Gerry Smith, Josh Eidelson

  A New York Times Co. employee union is accusing the publisher of violating federal labor law by excluding unionized employees from three paid …

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  Bloomberg

  

  • Airports

  French Transport Minister Calls 5G Rollout Near Airports Simple

  Bloomberg - Keith Laing

  French Transportation Minister Jean-Baptiste Djebbari said Tuesday that handling the rollout of new 5G wireless service near airports without …

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  Bloomberg

  

  • Shanghai

  Solar Giant Jinko Lists in Shanghai at Near 800% Premium to U.S.

  Bloomberg - Dan Murtaugh, Filipe Pacheco

  Jinko Solar Co. more than doubled on its first day of trading in Shanghai, giving it a massive premium to its parent’s listing in the U.S. Jinko, the …

• 

  Forbes

  

  • Tesla

  Self-Driving Car Users Shouldn’t Be Held Responsible For Crashes, U.K. Report Says

  Forbes - Zachary Snowdon Smith

  Self-driving car users would be given immunity from offenses like dangerous driving, breaking speed limits and running red lights under legal reforms proposed by the Law Commission of England and Wales and the Scottish Law Commission. Key Facts In a joint report published Tuesday, the commissions …

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  Associated Press

  

  • U.S. Politics

  To highlight economic growth, Biden goes shopping for gifts

  Associated Press

  WASHINGTON (AP) — President Joe Biden pledged last week to chat more with everyday Americans and took an initial step Tuesday afternoon by visiting a gift shop and ice cream store in Washington's Capitol Hill neighborhood. Biden went shopping at Honey Made, a boutique that opened up last year amid …

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  Associated Press

  

  • Ras al-Khaimah

  UAE sheikhdom to allow gaming as Wynn Resorts plans project

  Associated Press

  DUBAI, United Arab Emirates (AP) — One of the seven sheikhdoms in the United Arab Emirates said Tuesday it will allow “gaming” while announcing a multibillion-dollar deal with Las Vegas-based casino giant Wynn Resorts. The announcement by Ras al-Khaimah comes after months of rumors about gambling …

• 

  Bloomberg

  

  • Business

  Invesco Bullish on Commodities, Energy, Says Strategist Chao

  Bloomberg

  David Chao, Asia-Pacific ex-Japan strategist at Invesco, discusses Asian equity markets, his investment strategy and his outlook for the energy …

• 

  Associated Press

  

  • Capital Markets

  Asian shares mixed in narrow trading ahead of Fed meeting

  Associated Press - YURI KAGEYAMA, AP Business Writer

  TOKYO (AP) — Asian shares were mixed in muted trading Wednesday as many investors stayed on the sidelines ahead of a U.S. Federal Reserve meeting that will indicate how aggressive it will be in fighting inflation. Japan's benchmark Nikkei 225 slipped 0.7% in morning trading to 26,929.94. South …

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  The Verge

  

  • Digital Currency

  Facebook’s embattled cryptocurrency project is likely coming to an end

  The Verge - Alex Heath

  More than two years after it was first announced, the Facebook-sponsored cryptocurrency formerly known as Libra appears to be coming to an end. The Diem Association set up by Facebook to manage the digital token is exploring a sale of its assets after meeting resistance by regulators who opposed …

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  CNN

  

  • Ruth Bader Ginsburg

  Ruth Bader Ginsburg's books are on the auction block: A bidder's guide

  CNN

  (CNN) — If you're looking for an early Valentine's Day gift, know a Swedish lawyer who's into civil procedure (more on that later) or simply want a piece of RBG-owned literature, there's a place for you. Bonhams is running an online auction of books and other literary items from the Watergate …

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  CNBC

  

  • Logitech

  Logitech turns in strong quarter, but CEO says supply chain woes still held back sales

  CNBC - Kevin Stankiewicz

  Logitech's better-than-expected quarterly results may have been stronger without the ongoing supply chain challenges, CEO Bracken Darrell told CNBC's …

• 

  Los Angeles Times

  

  • San Francisco Bay Area

  Apple and CEO Tim Cook are granted restraining order against alleged stalker

  Los Angeles Times - Hayley Smith

  A Superior Court judge in Santa Clara County has granted a temporary restraining order against a woman accused of stalking and harassing Apple Chief Executive Tim Cook for more than a year. Julia Lee Choi, 45, of McLean, Va., is accused of making numerous credible threats against Cook, including …

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  Associated Press

  

  • Dispute Resolution

  Judge says BNSF unions can't strike over new attendance rule

  Associated Press - JOSH FUNK, AP Business Writer

  BNSF railroad's two biggest unions that represent 17,000 workers won't be able to go on strike over a new attendance policy they say would penalize employees for missing work for any reason. A federal judge ruled Tuesday that a strike would likely violate federal law because under their contracts …