Talking Biz News Today — March 7, 2019

Some of Thursday’s top business news stories: Associated Press Zuckerberg promises a privacy-friendly Facebook, sort of, by Michael Liedtke A record-breaking U.S. trade deficit: Does it really matter? by Josh Boak Bloomberg Volcker 2.0 to face do-over after Wall Street complaints, by Jesse Hamilton GE plunges again, imperiling new CEO’s rally, by Rick Cloughand Esha […]

Coverage: New home sales rose in December

Sales of new homes in the U.S. rose in December, closing a weak year for the housing market. Harriet Torry of The Wall Street Journal had the news: New-home sales increased 3.7% from a month earlier to a seasonally adjusted annual rate of 621,000, the Commerce Department said Tuesday. Economists surveyed by The Wall Street Journal had […]

Talking Biz News Today — March 6, 2019

Some of Wednesday’s top business news stories: Associated Press Holiday season defines winners and lowers in retail, by Anne D’Innocenzio Industrial, tech companies pull US stocks slightly lower, by Damian J. Troise and Alex Veiga Bloomberg Johnson & Johnson’s fast-acting depression drug approved in U.S., by Cynthia Koons U.S. budget deficit widens 77 percent, by Katia Dmitrieva Fortune Target just posted […]

Coverage: U.S. stocks fall amid concern over China trade deal

U.S. stock indexes closed lower on Monday, as investors appeared to need some convincing the United States and China would reach a trade agreement and weaker-than-expected construction data did not help their mood. Sinéad Carew of Reuters had the news: U.S. Commerce Department data helped to sour the mood as it showed construction spending fell […]

Talking Biz News Today — March 5, 2019

Some of Tuesday’s top business news stories: Associated Press UK auto industry under siege as Brexit pressure escalates, by Danica Kirka AT&T shakes up WarnerMedia to emphasize streaming, by Tali Arbel Bloomberg Trump plans to end key trade preferences for India and Turkey, by Jenny Leonard and Jennifer Jacobs Evidence grows that Trump’s trade wars are hitting U.S. economy, by Shawn […]

Coverage: Inflation fell below Fed’s 2% goal in 2018

Inflation fell short of the Federal Reserve Board’s 2 percent target in 2018 for a seventh consecutive year, though a closely watched measure of underlying price pressures gained traction in December. Paul Kiernan of The Wall Street Journal had the news: The Fed’s preferred inflation gauge, the personal-consumption-expenditures price index, rose 1.75% in December from a year […]

Talking Biz News Today — March 4, 2019

Some of Monday’s top business news stories: Associated Press Electrics, compacts and SUVs share stage at Geneva auto show, by David McHugh Johnson & Johnson research head aims to block, cure diseases, by Linda A. Johnson Bloomberg Why billions of barrels of oil go untapped by Brazil, by Peter Millard This is what peak car looks like, by Keith […]

Coverage: Tesla unveils $35,000 Model 3, to close stores

Tesla Inc. said on Thursday it would not be profitable in the first quarter, as it offered for the first time a $35,000 version of its Model 3 sedan and said its global sales would now be online-only. Alexandria Sage of Reuters had the news: Chief Executive Elon Musk’s warning on profit during a conference call […]

Talking Biz News Today — March 1, 2019

Some of Friday’s top business news stories: Associated Press Gap to split into two, with Old Navy gaining independence, by Anne D’Innocenzio Amazon, wrestling with counterfeits, seeks to crack down, by Joseph Pisani Bloomberg The tale of the Telluride banker who robbed for good, by Joe Nocera Kraft Heinz couldn’t stomach 3G’s relentless cost-cutting, by Craig Giammona and Katherine Chiglinsky Fortune […]

Coverage: PG&E delayed work now suspected in fires

PG&E Corp. repeatedly delayed a safety overhaul of a century-old high-voltage transmission line that is a prime suspect behind the deadliest wildfire in California history. Katherine Blunt and Russell Gold of The Wall Street Journal had the news: The company told federal regulators in 2013 it planned to replace many of the towers, wires and hardware pieces on the line, called […]