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Wall Street falls on investor nerves about interest rates, tech

Reuters Business News - Fri, 04/20/2018 - 21:11
NEW YORK (Reuters) - Wall Street's three major indexes declined on Friday as investors worried about a jump in U.S. bond yields, with technology stocks leading the decline on nerves about upcoming earnings reports and iPhone demand.

Amazon Web Services launches 'blockchain templates'

CNBC Business - Fri, 04/20/2018 - 21:04
Amazon.com wants to make it easier for developers to create projects based on blockchain technology.

FAA orders 'emergency' engine inspections after deadly blast on Southwest flight

CNBC Business - Fri, 04/20/2018 - 21:02
The FAA ordered airlines to inspect certain engines of the same type that exploded on a Southwest flight, killing a passenger.

DOJ said to investigate AT&T, Verizon over wireless collusion claim: source

Reuters Business News - Fri, 04/20/2018 - 20:42
WASHINGTON (Reuters) - The U.S. Justice Department has opened an antitrust probe of potential coordination by AT&T Inc , Verizon Communications , a telecommunications standards organization and potentially other providers to hinder consumers from easily switching wireless carriers, a person briefed on the matter said on Friday.

Marijuana's margin is going to be captured in the end product, investor says

CNBC Business - Fri, 04/20/2018 - 20:40
Navy Capital founder Sean Stiefel says for the burgeoning marijuana industry, the profit isn't in the plant — it's in the end product.

Trump campaign rips Democrats' Russian collusion claim: 'This is a sham lawsuit'

CNBC Business - Fri, 04/20/2018 - 20:26
The Manhattan federal court action claims Trump campaign officials conspired with Russian officials and spies.

Trade war 'extremely dangerous' for global economy: JP Morgan's Jacob Frenkel

CNBC Business - Fri, 04/20/2018 - 20:17
Protectionism is a "major risk" to the global recovery now underway, says Jacob Frenkel, of J.P. Morgan Chase International.

DOJ said to investigate AT&T, Verizon over wireless collusion claim: NYT

Reuters Business News - Fri, 04/20/2018 - 20:11
(Reuters) - The U.S. Justice Department has opened an antitrust probe into potential coordination by AT&T , Verizon and a telecommunications standards organization to hinder consumers from easily switching wireless carriers, the New York Times reported on Friday, citing six people with knowledge of the inquiry.

Wall Street slides as tech stumbles, Treasury yields climb

Reuters Business News - Fri, 04/20/2018 - 20:08
NEW YORK (Reuters) - Wall Street's three major indexes declined on Friday, as investors worried about a jump in U.S. bond yields and technology stocks led the decline on nerves about upcoming earnings reports and iPhone demand.

U.S. said to investigate AT&T and Verizon over wireless collusion claim

CNBC Business - Fri, 04/20/2018 - 20:06
DoJ opens antitrust probe into potential coordination by AT&T, Verizon and a telecom standards organization: NYT

Trump rails against high oil prices, OPEC pushes back

Reuters Business News - Fri, 04/20/2018 - 20:03
WASHINGTON/JEDDAH, Saudi Arabia (Reuters) - U.S. President Donald Trump accused OPEC on Friday of "artificially" boosting oil prices, drawing rebukes from some of the world's top energy exporters.

North Korea is now connected to South Korea with a direct hotline

CNBC Business - Fri, 04/20/2018 - 19:45
South Korean officials no longer have to use a bullhorn to communicate messages to their reclusive neighbor to the North.

Tech tumbles ahead of crucial week for quarterly results

Reuters Business News - Fri, 04/20/2018 - 19:42
SAN FRANCISCO (Reuters) - U.S. technology stocks tumbled on Friday ahead of a crucial week of quarterly reports from Alphabet, Facebook and other heavyweights as investors worried that the high-performance sector may be running out of fuel.

U.S. banks push mortgage apps as home lending slows

Reuters Business News - Fri, 04/20/2018 - 19:35
NEW YORK (Reuters) - Big U.S. banks are racing to launch websites and mobile apps to make getting a mortgage faster and easier, investments that may have modest near-term payoffs as home lending activity slows.

US mall owner's CEO is about to retire, sparking deal speculation

CNBC Business - Fri, 04/20/2018 - 19:34
Macerich Chairman and CEO Art Coppola is set to retire at the end of this year.

Amazon shouldn't be labeled a monopoly for being effective: Larry Summers

CNBC Business - Fri, 04/20/2018 - 19:25
"Amazon is just being a really effective retailer. That is not a reason for antitrust," former Treasury Secretary Larry Summers says.

U.S. questions COSCO's takeover of California cargo terminal: WSJ

Reuters Business News - Fri, 04/20/2018 - 19:24
(Reuters) - A U.S. national security review has raised concerns about a takeover by China's COSCO Shipping Holdings Co of a large container terminal in Long Beach, California, the Wall Street Journal reported on Friday.

Wall Street falls on investor nerves about tech, interest rates

Reuters Business News - Fri, 04/20/2018 - 19:12
NEW YORK (Reuters) - U.S. stocks fell on Friday, as Apple led a decline in technology stocks amid fears about weak iPhone demand and investors worried about the impact of a rise in U.S. bond yields on equities.

Fed's Kashkari: Bond market is 'yellow light flashing' about possible recession

CNBC Business - Fri, 04/20/2018 - 19:02
The bond market is indicating that the economy could be nearing a recession, Minneapolis Fed President Neel Kashkari said.

Doctors know you lie to them. Here's what patients lie about the most

CNBC Business - Fri, 04/20/2018 - 19:01
Doctors know you lie to them and they really don't appreciate it, according to US News & World Report.

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