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Yahoo Finance•7 minutes agoOcasio-Cortez should push for rolling back Trump tax cuts instead of a 70% marginal tax, private equity tycoon says
'You could well be five minutes into your fifteen minutes of fame, and what are you going to use that for?'
- Bloomberg•10 minutes ago
Stocks Climb From Lows as Growth Debate Heats Up: Markets Wrap
White House Council of Economic Advisers Chairman Kevin Hassett said that if the partial government shutdown extends through March, there’s a chance of zero economic expansion this quarter, though “humongous” growth would follow once federal agencies reopen. “The broader concern that I think will continue
- The Canadian Press•17 minutes ago
Businesses sound alarm as UK says prepare for no-deal Brexit
LONDON — Businesses in Britain and the European Union need to prepare for the possibility the U.K. will leave the bloc in March without an exit deal, senior British and EU officials warned Wednesday, as a growing number of U.K. firms braced for disruption by stockpiling goods or shifting operations overseas.Last
Reuters•18 minutes agoTesla to cut production hours for Model S and X
Tesla Inc said on Wednesday it is reducing production hours for higher-priced Model S and Model X cars, just days after saying it would cut jobs as the electric carmaker looks to make more affordable versions of the Model 3 sedan. Tesla also faces the unenviable choice of raising prices at the risk
- The Canadian Press•23 minutes ago
Comcast loses cable users, but internet subscribers surge
NEW YORK — Comcast is still losing U.S. cable customers but is racking up more internet subscribers and has gotten a revenue boost from Sky, its big bet on European TV.The Philadelphia company said Wednesday that it lost 29,000 U.S. cable customers in the fourth quarter but added 351,000 internet subscribers
- The Motley Fool•28 minutes ago
This Ridiculously Cheap Oil and Gas Stock Is Ripe for the Picking
Parex Resources Inc. (TSX:PXT) is a Canadian oil and gas stock that is exposed to the booming Brent oil price, providing investors with a solid opportunity to buy a ridiculously cheap stock.
Reuters•34 minutes agoHuawei executive has strong case against extradition: Canadian envoy
Canadian envoy John McCallum's comments to Chinese-language media, which were broadcast on Wednesday, are the most explicit sign yet from a Canadian official that Meng Wanzhou, Huawei's chief financial officer, may not be sent to the United States. Meng was detained on Dec. 1 in Vancouver at
- Bloomberg•36 minutes ago
No-Deal Brexit Risk Recedes as Calls Grow to Delay the Split
Senior figures in the French and German governments said they’d be open to extending the Brexit deadline as momentum built for a delay in the U.K. Parliament. If the U.K. can’t agree to a deal in the next nine weeks, the country will leave the EU on March 29 in a disorderly split that British authorities
- The Canadian Press•36 minutes ago
The Latest: Official says EU needs clarity to delay Brexit
LONDON — The Latest on Britain's exit from the European Union (all times local):
- Bloomberg•41 minutes ago
CFA Says 45% Passed Level 1 Exams in December, Best in 9 Years
A record 34,651 candidates passed the test, the first of three needed to earn the designation, according to results published Wednesday by the Charlottesville, Virginia-based CFA Institute. Finance workers aspire to the CFA designation to improve job prospects, earn higher salaries and better understand
- Bloomberg•42 minutes ago
Tesla Reduces Model S, Model X Production Hours; Shares Drop
Chief Executive Officer Elon Musk announced earlier this month that Tesla would stop accepting orders for the 75 kilowatt-hour version of the Model S or Model X starting Jan. 14. “We recently announced that we are no longer taking orders for the 75 kWh version of Model S and X in order to streamline
Reuters•48 minutes agoSandberg says Facebook must earn back trust
The social media platform is investing billions of dollars a year to improve the security of its network, Sandberg said in an interview hosted by German newspaper Die Zeit and UK law firm CMS at the World Economic Forum in Davos, Switzerland. "We did not anticipate all of the risks from connecting
- Bloomberg•48 minutes ago
Trump Recognizes Guaido as Venezuela Leader, Challenging Maduro
Guaido, 35, is the president of the Venezuela National Assembly, which Maduro doesn’t recognize. “In its role as the only legitimate branch of government duly elected by the Venezuelan people, the National Assembly invoked the country’s constitution to declare Nicolas Maduro illegitimate, and the office
- CNBC•49 minutes ago
Forget home equity: Here's how homeowners are paying for that new kitchen
Whether you're planning to spruce up your landscaping or make over your bathroom, odds are that you'll dig into your own pockets to foot the bill, according to a new survey from TD Bank. Here are the options you should consider as you pay for that home improvement project.
- Bloomberg•49 minutes ago
Wall Street Profit Optimism Requires a Crazy-Good End to 2019
This year, strategists are counting on earnings growth in the last three months of the year to save them. An examination of analysts’ profit forecasts for S&P 500 Index members reveals a major outlier in expected results at year-end, according to DataTrek research co-founder Nicholas Colas. Estimates
- Bloomberg•53 minutes ago
Advent Buys Part in Argentina’s Visa Operator for $725 Million
The Boston-based private equity firm agreed to acquire 51 percent of Prisma from its shareholders, a group of 14 banks and Visa Inc., in a deal that valued the company at $1.4 billion, according to Prisma. The largest stake was sold by Banco Santander Rio SA for $134 million, according to regulatory
- Bloomberg•1 hour ago
Metro Bank Plunges on Misclassified Assets, Capital Concern
"It was a misinterpretation of the rules,” and the misclassification dates back through 2018 at least, Craig Donaldson, Metro Bank’s chief executive officer, said by phone. The bank previously put a 50 percent risk weighting on its commercial mortgages, but said it has now increased this to the
Reuters•1 hour agoDespite 60 percent support, Canada's Husky scrapped MEG oil merger
On Thursday morning, however, Husky walked away, saying it had "insufficient" support. In fact, the deal began losing its financial appeal shortly after Husky made the offer, people close to Husky said. By last Wednesday, it seemed to one of the people as if Husky was hoping the bid would
- Bloomberg•1 hour ago
Take China’s Grain Buying With a Pinch of Wheat
While such an amount would certainly represent an increase from current levels – depending, crucially, on what period it would be bought over – there’s precious little evidence that Beijing is about to open up trade in its two most protected sectors. There is no product on the planet on which China
- CNBC•1 hour ago
The next big job negotiation to master: Company use of your personal data
A majority of corporate leaders say they are not confident they are handling the collection and analysis of employee data in a responsible way. They also worry it could result in the devaluation of human work. That's according to a new survey on corporations and privacy policy released by Accenture
- 1 hour ago
Bolsonaro Says Brazil Must Reform or Become Next Venezuela
Plans to sell a large number of state-owned companies are nearly ready, and a proposal to be sent to Congress will bring "substantial" cuts to pension outlays and establish a minimum retirement age, Bolsonaro said on Wednesday in Davos in an interview with Bloomberg News Editor-in-Chief John
- Bloomberg•1 hour ago
How Expensive Missile Defense Can Make the U.S. Less Safe
Notwithstanding some Trumpian bombast, the review is basically a mainstream document that fits squarely within the tradition of U.S. nuclear strategy. It accurately depicts a world in which advanced missile technology has proliferated and the U.S. has become more vulnerable. In dealing with rogue states
- Bloomberg•1 hour ago
Dell CEO Joins Davos Debate on 70% Tax Rate: ‘Not Supportive’
Billionaire Michael Dell, chief executive officer of the eponymous technology giant, rejected a suggestion by U.S. Representative Alexandria Ocasio-Cortez of a 70-percent marginal tax rate on the wealthiest Americans. “No, I’m not supportive of that,” Dell said at a Davos panel on making digital globalization
Yahoo Finance•1 hour agoWill.i.am on the problem with Facebook and Google: 'There is no alternative'
“The problem that we have in society is not the Facebooks of the world and the Googles of the world,” he said. “It’s that there is no alternative."
