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Fed to hold to 'gradual' rate of interest rate hikes, Williams says

CNBC Business - Fri, 04/20/2018 - 16:28
The Fed is likely to stick to a "gradual" path of rate hikes, San Francisco Fed President John Williams said Friday.

PSA union solidarity frays as Opel workers resist cuts

Reuters Business News - Fri, 04/20/2018 - 16:24
FRANKFURT/PARIS (Reuters) - Planned job cuts at carmaker Opel will save enough cash to meet owner PSA Group's turnaround targets, the works council chief said on Friday, as Opel workers' rejection of further concessions began to draw criticism from other PSA unions.

Trump slaps OPEC for manipulating prices and his tweet wasn't just about higher gas prices

CNBC Business - Fri, 04/20/2018 - 16:23
President Donald Trump's tweet slapping OPEC for high oil prices comes just weeks before he is set to make a decision on Iran, which could send oil prices even higher.

Russia to keep options open on OPEC deal, will monitor

CNBC Business - Fri, 04/20/2018 - 16:22
Market data will be key to deciding the ongoing oil supply-cutting deal led by OPEC, Russian Energy Minister Alexander Novak told CNBC Friday.

I started a business with less than $1,000 and I have no idea what I’m doing

CNBC Business - Fri, 04/20/2018 - 16:20
Making money online is easy to do, they say. I, Zack Guzman, am determined to find out for myself.

Analyst says Facebook damage is 'contained' despite people using it less

CNBC Business - Fri, 04/20/2018 - 16:16
About 15 percent of users said in a poll that they will decrease their use of Facebook, said analyst Daniel Ives.

Fine for Barclays CEO likely less than $2 million: Sources

CNBC Business - Fri, 04/20/2018 - 16:15
Barclays CEO Jes Staley will likely not pay more than $2 million in total fines to UK regulators for his attempt to discover the identity of a whistleblower, according to people familiar with the situation.

German prosecutors may widen Bosch emissions probe

Reuters Business News - Fri, 04/20/2018 - 16:06
FRANKFURT (Reuters) - German prosecutors may widen an investigation into auto supplier Robert Bosch [ROBG.UL] over its suspected involvement in emissions test cheating to include dealings with Fiat , Ford , General Motors and Hyundai , according to the Stuttgart public prosecutor's office.

GE profit tops estimates as cost-cutting kicks in

Reuters Business News - Fri, 04/20/2018 - 15:59
(Reuters) - General Electric Co posted quarterly results that topped expectations on Friday, as earnings from aviation, healthcare and transportation offset weak power and oil-and-gas profits, sending shares sharply higher.

Rudy Giuliani is the new guy on Trump's legal team — and a target in Comey's book

CNBC Business - Fri, 04/20/2018 - 15:56
In the book, Comey, who worked as an assistant U.S. attorney under Giuliani, likens his former boss to an "emperor."

Wall Street hit by tech, oil weakness

Reuters Business News - Fri, 04/20/2018 - 15:53
(Reuters) - U.S. stock indexes fell on Friday, with Apple leading declines in the technology sector and as energy companies took a hit from lower oil prices after President Donald Trump's criticism on OPEC.

Comcast, Charter partner for mobile services back-end software

Reuters Business News - Fri, 04/20/2018 - 15:46
(Reuters) - Comcast Corp and Charter Communications Inc will partner to develop back-end software to support services for their Xfinity and Spectrum mobile offerings, the companies said on Friday.

Boeing, Brazil's Embraer close to tie-up: report

Reuters Business News - Fri, 04/20/2018 - 15:43
SAO PAULO (Reuters) - Talks aimed at a tie-up between planemakers Boeing Co and Embraer SA that also involve Brazil's government are at an advanced stage, O Estado de S. Paulo newspaper reported on Friday, citing unnamed sources.

GE sets aside $1.5 billion for investigation settlement after talks with DOJ

CNBC Business - Fri, 04/20/2018 - 15:41
General Electric met with the Department of Justice last month to discuss the ongoing investigation into its now defunct WMC mortgage business.

Biogen boosts investment in neurology with $1 billion Ionis deal

Reuters Business News - Fri, 04/20/2018 - 15:40
(Reuters) - Biogen Inc struck a $1 billion neurology drug development deal with Ionis Pharmaceuticals on Friday, expanding a partnership that developed the company's potential blockbuster drug for spinal muscular atrophy.

GOP senators weigh plan to tap Social Security for baby care

CNBC Business - Fri, 04/20/2018 - 15:37
New parents who want paid leave would have to take their Social Security later under this plan.

Sell Tesla shares because BMW, Audi competition is coming: JP Morgan

CNBC Business - Fri, 04/20/2018 - 15:30
J.P. Morgan reaffirms its underweight rating on Tesla shares.

Tech dominates the S&P 500, but that's not always a bad omen

CNBC Business - Fri, 04/20/2018 - 15:20
There are significant reasons to believe the weight today is fully justified, or even understated when considering the economic impact of technology.

Suze Orman: When buying a car, ‘plenty of you are being downright dumb'

CNBC Business - Fri, 04/20/2018 - 15:19
Here's the mistake you could be making.

A rare failure from Vanguard in race to dominate investing

CNBC Business - Fri, 04/20/2018 - 15:19
Vanguard group took in more than $70 billion in the first quarter, but the index giant did have one big failure.

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