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Wall Street drops on trade worries, Rosenstein news

Reuters Business News - Mon, 09/24/2018 - 16:14
U.S. stock indexes dropped on Monday, led by industrials that bore the brunt of the latest round of U.S.-China tariffs and on reports that Deputy Attorney General Rod Rosenstein, who oversees the Mueller investigation, may be on his way out.

Public support for Kavanaugh had turned negative even before latest allegation of sexual misconduct

CNBC Business - Mon, 09/24/2018 - 16:14
Popular support had been waning for the Supreme Court nomination of Judge Brett Kavanaugh even before another bombshell report of sexual misconduct appeared late Sunday.

Pot stock Tilray tumbles, completely wiping out gains from last week's wild surge

CNBC Business - Mon, 09/24/2018 - 16:13
Shares of Canadian pot grower Tilray fell sharply on Monday, erasing gains from a wild week that captivated investors everywhere.

'Humanitarian crisis' looms as Arizona threatens to revoke immigrant children shelter licenses

CNBC Business - Mon, 09/24/2018 - 16:12
Arizona health officials threatened to revoke the licenses of 13 federally funded immigrant children shelters, accusing the facilities' operator of n "astonishingly flippant attitude" toward the state's child protection laws, ProPublica reports.

4 warnings for cannabis stock investors about the biggest risks in a new market bubble

CNBC Business - Mon, 09/24/2018 - 16:08
Cannabis stocks are reaching record highs and trading volume, but investing in marijuana includes a high degree of risk related to commodities, regulation and the history of market bubbles. Don't get burned.

In an Amazon world, most city halls still 'run on' spreadsheets — ex-cloud CEO wants to change that

CNBC Business - Mon, 09/24/2018 - 16:04
Joseph Tucci, formerly of EMC, is part of a group rolling up six digital companies that aim to make dealing with government easier.

Jamie Dimon: 'I'm not running,' but a CEO could make a good president

CNBC Business - Mon, 09/24/2018 - 16:02
"I would not say a CEO can not be a good president," the chairman and CEO of J.P. Morgan Chase says.

Stock markets fall on trade war pessimism, oil rallies

Reuters Business News - Mon, 09/24/2018 - 16:00
Stock markets around the world retreated on Monday amid concerns over the potential wider impact of a trade spat between China and the United States, while oil prices rallied to a four-year high after OPEC ignored U.S. calls to raise supply.

Trump's trade war is spooking CEOs into scaling back investment, Business Roundtable survey says

CNBC Business - Mon, 09/24/2018 - 15:45
The Business Roundtable found that nearly two-thirds of chief executives said recent tariffs and future trade tension would have a negative impact on their capital investment decisions over the next six months. 

Chat app Discord's new online PC gaming store has a secret weapon to beat giant rival Steam

CNBC Business - Mon, 09/24/2018 - 15:38
A new player in online video game sales, Discord, is betting that human curation of a select number of titles will appeal more to gamers than the content overload of thousands of games offered by PC game giant Steam. 

Uber's strongest growth comes in depressed Argentina -- minus commissions

Reuters Business News - Mon, 09/24/2018 - 15:33
Uber's fastest-growing market in the world is now Argentina, company executives say, attributing the expansion to the nation's sudden economic unraveling, which has boosted unemployment and sliced the purchasing power of Argentines.

Wall Street, venture capitalists and crypto companies descend on Capitol Hill to debate regulation

CNBC Business - Mon, 09/24/2018 - 15:32
Congressmen and cryptocurrency experts are set to meet in Washington this week to talk through what many say is a murky regulatory landscape. 

JP Morgan's Dimon says he would prefer not to buy back stock over time and instead grow the business

CNBC Business - Mon, 09/24/2018 - 15:27
At a time when share buybacks are hitting record levels, J.P. Morgan Chase CEO Jamie Dimon said he would rather put the money to work in other ways.

Corporate America, not banks, could cause the next recession

CNN Money - Mon, 09/24/2018 - 15:25
US companies have piled on a record-setting $6.3 trillion of debt.

Porsche eliminates diesel cars from its lineup

CNN Money - Mon, 09/24/2018 - 15:22
Porsche said it would instead focus on hybrid and electric technology.

A handful of traders actually think the Fed could hike a half point this week

CNBC Business - Mon, 09/24/2018 - 15:16
Everyone knows the Fed is virtually a lock to approve a quarter-point rate hike this week. Some traders, though, think the central bank could get even more aggressive.

Trump defends court nominee: 'I am with him all the way'

CNBC Business - Mon, 09/24/2018 - 15:14
President Donald Trump defended his U.S. Supreme Court nominee Brett Kavanaugh after a second woman came forward with an allegation of sexual misconduct against the judge that has further complicated his confirmation prospects in the Senate.

Juul copycats flood e-cig market, despite FDA rule

CNBC Business - Mon, 09/24/2018 - 15:09
The sleek Juul electronic cigarettes have become a phenomenon at U.S. high schools, vexing educators and drawing regulatory scrutiny over their sweet flavors and high nicotine content. 

Top 10 most relevant brands to millennials — and a 99-year-old company that beat Apple and Google

CNBC Business - Mon, 09/24/2018 - 15:08
And the surprising companies missing from the list. 

S&P hits session low on report Rosenstein resigns

Reuters Business News - Mon, 09/24/2018 - 15:00
The benchmark S&P 500 hit a session low on Monday after Axios reported that U.S. Deputy Attorney General Rod Rosenstein had resigned in anticipation of being fired by President Donald Trump.

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