Markets

'You were given many lies — go with our plan': Trump tweets last-ditch pitch to the public for GOP Obamacare replacement

President Donald Trump took time out of his last-minute negotiations on Republican leadership's bill to repeal and replace Obamacare to send out a video message urging the public to show support for the bill, the American Health Care Act.<p>In a video message tweeted out Thursday morning, Trump listed …

Business Insider

These are the watches worn by the most powerful CEOs in the world

For some businessmen, a wristwatch is more than a time-telling device. It's a statement.<p>"A watch is the greatest icebreaker there is," says Hamilton Powell, the CEO of Crown & Caliber, an online secondary market for luxury watches.<p>"In an unfamiliar city, I can approach a complete stranger and with …

Business Insider

How Sears changed America

<b>New York (CNN) —</b> Sears did more than change the way America shopped. It changed America.<p>In its heyday, it was more than just the largest U.S. employer or the country's retailer. It actually reshaped the nation, transforming the average citizen's lifestyle.<p>Of course, the company is struggling now. …

CNNMoney

10 things you need to know today (SPY, SPX, QQQ, DIA, AAPL, VZ, T)

Reuters/Amr Dalsh<p>Here is what you need to know.<p><b>The House is set to vote on Trumpcare.</b> President Donald Trump and House Republican leaders are making a last-minute push to secure the votes needed to move the GOP's bid to overhaul the US healthcare system onto the Senate; 218 votes will be needed for …

Business Insider

Can This Man Save Macy's?

The next chief executive of Macy’s Inc. says he knows what ails the struggling department-store chain: A “sea of sameness” that characterizes too much of what it sells today.<p>His fix? Cutting back on what he calls “fashion basics” to make room for higher-priced, trendier clothing, as well as more …

The Wall Street Journal

After Brexit, U.K. Airlines Will Have To Relocate Or Lose European Routes

U.K.-based airlines including easyJet (ejttf) and Ireland-based Ryanair (ryaof) have been told that they must relocate their headquarters or sell …

Fortune

These exquisite quilts illustrate the importance of diversification in investing

Investing is not easy.<p>The two quilts below, regularly published by John Stoltzfus, the chief investment strategist at Oppenheimer, illustrate this.<p>The first one ranks how individual asset classes have performed in each year of the past decade, while the second shows the same for S&P 500 sectors.<p>The …

Business Insider

Accenture's profit slips as costs rise

(Reuters) - Consulting and outsourcing services provider Accenture Plc reported a smaller quarterly profit on Thursday, hurt in part by higher costs.<p>Shares of the company were down 2.7 percent at $123.11 before the bell.<p>Operating costs rose 4.3 percent to $7.62 billion in the second quarter ended …

Reuters Canada

Cubs president Theo Epstein tops Fortune's greatest leaders list

Chicago Cubs President of Baseball Operations Theo Epstein topped <i>Fortune Magazine</i>'s annual list of the world's 50 greatest leaders.<p>Epstein, 43, was …

Sports Illustrated

The US economy is sounding an alarm that everyone is ignoring

Donald Trump and other proponents of scrapping the post-financial crisis regulations imposed on Wall Street argue red tape is preventing banks from lending and hurting the economy.<p>It’s true that firms have been borrowing less in a sign that they are still uncertain about the economy’s prospects, …

Business Insider

Tiffany Beats Expectations, Sales Strong In Asia

• Associated Press, Thursday, March 23, 2017 8 AM<p>Profits at Tiffany & Co. slipped 3% in the fourth quarter due to flagging U.S. sales, but strong …

s:mediapost.com

Ford sets disappointing profit guidance

Ford (NYSE:F) says it expects Q1 EPS of $0.30 to $0.35 vs. $0.47 consensus. The weak profit guidance is due in part to higher costs, lower automobile …

Seeking Alpha

Payless Reportedly Looking To File For Bankruptcy, Possibly Next Week

There are certain givens when it comes to mall shopping: There’s always parking at Sears, and there’s a darn good chance you’ll find a Payless …

Consumerist

Tax Avoidance Costs The U.S. Nearly $200 Billion Every Year [Infographic]

Tax avoidance costs the world’s economies billions of dollars every year. Estimates of the scale of losses fluctuate widely but the IMF believes that somewhere in the region of $600 billion is lost due to profit shifting every year. A new paper published by UNU-WIDER takes a closer look at the …

Forbes

Ford sees lower first-quarter profit as spending climbs, sales volume drops

Ford Motor Co said on Thursday it expects lower earnings per share in the first quarter and lower pretax profit in 2017 due to higher spending on commodities, warranties and investments and a drop in sales volumes especially fleet sales.<p>Ford shares fell more than 1 per cent to $11.65 in early …

The Globe and Mail

Ford Drops After First-Quarter Profit Forecast Trails Estimates - Bloomberg

Ford Motor Co. expects its first quarter profit to fall from last year’s record, as the automaker scales back production and deals with rising costs …

Bloomberg

Americans Owe Over $1 Trillion on Their Cars

Auto lending has soared, and that could pose a problem for lenders and automakers now that rates are heading higher.<p>Americans in the U.S. owe a …

The Motley Fool

Teva Pharm says media reports of up to 6,000 layoffs incorrect

JERUSALEM (Reuters) - Teva Pharmaceutical Industries' (TA:TEVA) plans to end unprofitable activities and freeze recruitment, but said Israeli media …

s:investing.com

Payless Said to Close Up to 500 Stores in Bankruptcy Reorganization

Yet another store chain looks set to seek bankruptcy protection in a brutal retail environment.<p>Payless, the operator of a discount shoe chain, is set …

Walmart

A critical immigration trend undermines Trump's entire case for a border wall

There's a really good reason for President Donald Trump to rethink his hardline anti-immigration promise of building a costly "Great Wall" along the US-Mexico border: Many fewer people are actually trying to cross into the US illegally now than in the past.<p>Those are the findings of a new study …

Business Insider

More Gaming Industry Deals on the Cards as GVC Eyes Takeovers - Bloomberg

A wave of online gaming takeovers is set to continue this year as companies are driven to deals by increased regulation and taxation, according to …

Bloomberg

Morning Movers: Conagra Slumps, Kroger Jumps, Whiting Tumbles - Stocks to Watch

By Ben Levisohn<p>Stocks look set for a higher open today as the House of Representatives is scheduled to vote on President Donald J. Trump’s …

s:blogs.barrons.com

Sears likely to hit downward spiral pretty quickly

Eddie Lampert finally conceded what everyone else has been saying about Sears Holdings for a long time: The jig is nearly up.<p>The corporate parent of …

New York Post

China's Home Sales Hit $1.4 Trillion in 2016

Bloomberg Gadfly Columnist Christopher Langner reports on booming China home sales. He speaks on "Bloomberg Markets." His opinions are his own. …

Bloomberg

$30 Billion Of Fashion Market To Be Digitally Influenced By 2020, Says BCG-Facebook Report

Around $30 billion of the domestic fashion market, which currently accounts for 70 per cent of the branded apparel market, will be digitally …

s:businessworld.in

Research Firm: Chipotle Will 'Easily Beat' Q1 Sales Estimates (CMG)

Chipotle Mexican Grill Inc. (CMG) will “easily beat” consensus analyst sales expectations for the first quarter, according to data analysis firm M …

Investopedia

Investors take a breath; Takeover talk; Watching the Fed

<b>London (CNN) —</b> <b>1. Investors take a breath:</b> It's rare to see so much stillness in global markets.<p>Major indexes around the world are holding steady after taking sizable tumbles on Tuesday and Wednesday.<p>U.S. stock futures were not making any big moves.<p>European markets were mostly flat in early trading. …

CNNMoney

As Sales Disappoint, Nike Tells Investors to Think Long-Term

In the face of rising competition, an ongoing slowdown in North America and consumer shifts, Nike Inc. is asking shareholders to focus on its …

Footwear News

Cascadian Therapeutics: Worth Much More Than The Present Share Price

Shares have shed nearly 50% of value in last six months.<p>Despite misgivings about management, the company possesses a promising clinical candidate in …

Seeking Alpha

Next shares soar despite first drop in profits for eight years

Next, the former high street darling, has suffered its first fall in profits since the recession and warned that it is “extremely cautious about the year ahead”.<p>The FTSE 100 retailer said that it had been battling a “combination of economic, cyclical and internal factors working against us” that …

The Telegraph