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Financial News of the Day

 

U.S. Travel Industry Fears a ‘Lost Decade’ Under Trump

27-03-2017

U.S. Travel Industry Fears a ‘Lost Decade’ Under Trump

Like many Washington lobby groups, the U.S. Travel Association was quick to congratulate the new president on his victory last November. “We are encouraged that Mr. Trump’s extensive business and hospitality background … will make him a ready and receptive ear,” the trade organization said. On the Republican’s inauguration, the USTA’s... Read more

Sears has 'substantial doubt' that it can survive

22-03-2017

Sears has 'substantial doubt' that it can survive

Sears Holdings (SHLD), the holding company for the two iconic retail brands, warned investors late Tuesday that it can't promise it will stay in business. It included the language in its annual report while insisting it might still turn things around. "Our historical operating results indicate substantial doubt exists related to the... Read more

Fed on track to raise U.S. rates twice more this year: Evans

20-03-2017

Fed on track to raise U.S. rates twice more this year: Evans

The Federal Reserve is on track to raise interest rates twice more this year after a policy tightening last week, and it could be more or less aggressive depending on inflation and fiscal policies from the Trump administration, a Fed rate-setter said on Monday. The public comments from Chicago Fed President... Read more

General Motors Says It Will Rehire 500 Workers Targeted In Scheduled Layoffs

17-03-2017

General Motors Says It Will Rehire 500 Workers Targeted In Scheduled Layoffs

General Motors is slated to layoff 1,100 workers in May, but plans to rehire 500 of them next year. The auto giant said it is moving the production of the GMC Acadia mid-size SUV to Tennessee, which prompted the layoffs at the Lansing Delta Township plant in Michigan. The assembly... Read more

The Wall Street Journal: Trump to issue …

27-03-2017

The Wall Street Journal: Trump to issue executive orders undoing climate-change policies

President Donald Trump will sign an executive order Tuesday taking steps to unravel the most contentious climate-change policies of his predecessor, the White House said.... Read more

New cars are taking longer to sell than …

27-03-2017

New cars are taking longer to sell than they have since 2009

That new car on the dealer’s lot is getting older — fast. New vehicles in March were sitting on the dealer’s lot for about 70 days, the longest amount of time for any month since... Read more

This is what people really buy when they…

27-03-2017

This is what people really buy when they emotionally overspend

When the going gets tough, the tough go shopping for toilet paper, bleach, cleaning products and disinfectant wipes. The media portrays impulse or “emotional” shoppers one way: bored men and women who run up credit... Read more

Snap gets boost from underwriting banks’…

27-03-2017

Snap gets boost from underwriting banks’ sunny reports

A wave of banks, mostly underwriters of Snap Inc.’s offering, initiated coverage of the Snapchat parent company Monday and offered a sunnier overall outlook than analysts from banks that were not paid to push the... Read more

After Brexit, this market could overtake…

28-03-2017

China will be the world's second-largest wine import market, overtaking the U.K. by 2020, the CEO of international wine trade exhibitor Vinexpo, Guillaume Deglise, told "Squawk Box" on Tuesday."Wine is getting very trendy [in China]. There's a lot of actual consumption by the middle class... Read more

Brexit will bring four types of market d…

27-03-2017

The U.K. is staring down the barrel of either a hard Brexit or a very hard Brexit and that's going to bring four types of market distress, Alberto Gallo, a portfolio manager and head of macro strategies at Algebris Investments, told CNBC on Tuesday."The European... Read more

Trump to roll back Obama-era climate act…

27-03-2017

Trump to roll back Obama-era climate actions, power plant emissions rule

Daniel Acker | Bloomberg | Getty ImagesThe construction of the Gulf Coast Project pipeline in Atoka, Oklahoma. This 480-mile crude oil pipeline is being constructed by TransCanada and is part of the Keystone Pipeline Project.President Donald Trump on Tuesday will sign an executive order aimed... Read more

Asia markets shrug off Trump concerns to…

27-03-2017

Asia markets gained on Tuesday morning as investors shrugged off the disappointment from the current U.S. administration's ability to push through legislation to repeal and replace the Obama-era health-care law.Japan's Nikkei 225 rose 0.82 percent, recovering most of its losses of 276 points, or 1.44... Read more

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