US government urged Wells Fargo to probe its 401(k) tactics
More trouble for Wells Fargo: The federal government has urged the embattled bank’s board of directors to investigate its 401(k) practices. Business and financial news – CNNMoney.com
Finance
Wall Street rises as tech earnings impress, yields pull back
(Reuters) – Wall Street stocks rose on Thursday, as strong earnings from Facebook and a handful of chipmakers powered technology stocks, and U.S. bond yields pulled back. Reuters: Business News
6 things to know before the bell
Here’s what you need to know about the markets before you start your business day. Business and financial news – CNNMoney.com
Facebook’s rise in profits, users shows resilience after scandals
(Reuters) – Facebook Inc shares rose on Wednesday after the social network reported a surprisingly strong 63 percent rise in profit and an increase in users, with no sign that business was hurt by a scandal over the mishandling of personal data. Reuters: Business News
Ford dropping all but 2 cars from its North American dealerships
By 2020, Ford plans to be selling only Ford Mustangs and the new Ford Active in North America. Business and financial news – CNNMoney.com
Financial, tech stocks lead Wall Street lower as yields rise
(Reuters) – Financial and technology stocks led Wall Street lower on Wednesday as concerns about rising U.S. bond yields eclipsed gains from Boeing and Comcast following strong results. Reuters: Business News
Dow opens slightly higher on industrial gains
(Reuters) – The Dow opened slightly higher on Wednesday, boosted by Boeing’s 3.4 percent jump after strong results, while the Nasdaq and S&P 500 were little changed as U.S. bond yields climbed above the 3 percent level. Reuters: Business News
Trump says Mnuchin will visit China for trade talks ‘in a few days’
President Donald Trump says he’s sending some of his top economic advisers to China for talks on the simmering trade tensions between the world’s two largest economies. Business and financial news – CNNMoney.com
Asian shares spooked by rising U.S. yields, cost worries
TOKYO (Reuters) – Asian shares fell on Wednesday as a rise in U.S. bond yields to 3 percent and warnings from bellwether U.S. companies of higher costs drove fears that corporate earnings growth may peak soon. Reuters: Business News
GE pressured to fire auditor after 109 years
GE is under fire to dump KPMG as its auditor after 109 years of inspecting the conglomerate’s books. Business and financial news – CNNMoney.com
FAANG, industrial stocks hit Wall Street
(Reuters) – A sharp drop in so-called ‘FAANG’ group of technology stocks pushed the Nasdaq Composite lower on Tuesday, with rising 10-year yields and contrasting earnings reports from industrials also adding to the pressure. Reuters: Business News
Futures rise as Caterpillar leads batch of strong earnings
(Reuters) – U.S. stock index futures rose on Tuesday as bond yields eased, while strong earnings from industrial heavyweights Caterpillar and United Technologies helped reinforce optimism about a first-quarter earnings season now in full swing. Reuters: Business News
Asian stocks pause after sell-off; dollar, oil near recent highs
TOKYO/SYDNEY (Reuters) – Asian stocks steadied after hitting two-week lows on Tuesday as investors paused for breathe following a heavy sell-off in recent sessions and waited to see if the dollar’s rally was sustainable. Reuters: Business News
U.S debt deluge lifts bond yields to four-year high, Asia stocks down
TOKYO (Reuters) – Asian stocks slipped and the U.S. dollar advanced on Tuesday, as a deluge of U.S. government debt this week and the specter of inflation and a higher fiscal deficit drove U.S. borrowing costs near four-year highs. Reuters: Business News
Google’s profit soars amid data privacy concerns
Google’s business is humming along despite mounting concerns over data privacy Business and financial news – CNNMoney.com
Toys ‘R’ Us liquidation kills Hasbro sales
Hasbro’s sales plunged, due mainly to the pending closures of Toys ‘R’ Us. The industry is in turmoil as Walmart and Amazon grow more dominant. But Hasbro is doing better than Mattel. Could a merger between the two make sense? Business and financial news – CNNMoney.com