Financial News (RSS)

Category : Uncategorized

CNN (Top stories)

The President turns up the heat on Senate Republicans to repeal and replace Obamacare
President Donald Trump unleashed a blistering critique of the Affordable Care Act at the White House on Monday and ratcheted up the pressure on Senate Republicans to keep their campaign promise to repeal and replace the law.

Trump urges GOP to support repeal
Speaking at the White House, President Donald Trump turned on the pressure for Senate Republicans to keep their campaign promise to repeal and replace Obamacare.

Schumer: Democrats’ top priority is health care, not Russia
Sen. Chuck Schumer, the Senate’s top Democrat, denied Monday that his party is overly fixated on Russia as Democrats rolled out a new campaign focused on economics.

CNN (US News)

Officials reviewing video of Walmart parking lot after migrants found dead in truck

Call from a Walmart employee led to the discovery
At least nine people are dead after a phone call from a Walmart employee led to the discovery of dozens of undocumented immigrants severely injured in the back of a tractor-trailer in Texas early Sunday, according to federal authorities.

Official describes mass casualty situation
Chief Charles Hood with the San Antonio Fire Department speaks with CNN’s Fredricka Whitfield about bodies being found in a tractor-trailer.

CNN (World News)

At least 29 dead in Kabul car bomb attack

Taliban ratchets up an offensive across Afghanistan
The Taliban has claimed responsibility for a car bombing in Kabul that left at least 29 people dead, as it ratchets up an offensive across Afghanistan.

Marines facing ‘discouraging’ challenges in Afghanistan
The plume of smoke and dust rose over the runway, high above the now-deserted but once costly and vital control towers.

CNN (Business News)

Google profits take a hit from antitrust fine
Google posted a rare profit decline on Monday as it absorbed the cost of a record antitrust fine.

How families are paying for college — and why home prices could jump
Read full story for latest details.

Europe to U.S.: Your new Russia sanctions would hurt us too
Europe is fighting mad over the possibility of new U.S. sanctions targeting Russia.

BBC (Front Page)

Charlie Gard parents end legal fight for ‘beautiful’ baby
Letting “gorgeous” Charlie go is “the hardest thing we’ll ever have to do”, his parents say.

Charlie Gard: Parents pay tribute to son as legal fight ends
Charlie Gard’s dad, Chris, breaks down outside court after ending the legal fight to take him to the US.

Trump son-in-law Kushner defends conduct after Senate testimony
“All my actions were proper,” says Donald Trump’s son-in-law after giving evidence to a Senate panel.

BBC (World News)

Trump son-in-law Kushner defends conduct after Senate testimony
“All my actions were proper,” says Donald Trump’s son-in-law after giving evidence to a Senate panel.

Jerusalem holy site tensions ‘must ease by Friday’
The UN Middle East envoy’s warning comes amid a surge in tensions in Jerusalem in recent days.

Wisconsin company Three Square Market to microchip employees
Three Square Market says 50 employees have already signed up for the $300 (£230) chip.

CNBC (Top News)

Why some see even more gains ahead for three industrial giants
Industrials titans are set to report earnings on Tuesday morning, and some are looking for impressive results.

Trump: Senate Republicans ‘have not done their job’ on ending ‘Obamacare nightmare’
Donald Trump ramped up the pressure on Senate Republicans as they scramble to move forward with a plan to repeal the Affordable Care Act this week.

Obamacare and Medicaid specialist Molina Healthcare to cut about 1,400 jobs, memo says
Molina Healthcare plans to cut about 1,400 jobs in the next few months, according to an internal company memo.

CNBC (World News)

Oil prices will be stuck below $60 through 2020, Credit Suisse forecasts
Credit Suisse lowered its long-term price forecast for U.S. crude by $5 a barrel to $57.50 in 2020.

Rheumatoid arthritis drug Remicade faces competition from cheaper US alternatives
Merk and Samsung Bioepis have begun selling a less expensive alternative version of Remicade in the United States.

Global construction comeback to lift Caterpillar’s stock to new record, BMO says
BMO Capital upgrades Caterpillar on expectations of benefits from a global construction recovery and better management.

CNBC (US News)

Nasdaq closes at record high as big tech earnings kick off
U.S. equities closed mostly lower Monday as Wall Street geared up for a major week of earnings and Federal Reserve news.

Roomba vacuum maker iRobot may start selling the maps it makes of your home
The Roomba robotic vacuum has been whizzing across floors for years, but its future may lie more in collecting data than dirt.

Google parent Alphabet reports lower profit on big EU fine
Alphabet second-quarter profit drops on EU fine. Sales surge 21 percent on more YouTube, mobile search ads

CNBC (Business)

As Amazon and Wal-Mart consolidate, small retailers are being left in the dust
Moody's expects other bigger retailers to continue to consolidate, to help bolster their position.

Op-Ed: Here’s the dilemma for GE’s new CEO
Here are the two big questions for GE's new CEO John Flannery as pressure mounts for him to get the company back on track, says former Medtronic CEO Bill George.

Op-Ed: Why you shouldn’t be so quick to dismiss Trump’s new communications chief Scaramucci
Critics say Anthony Scaramucci's Wall Street background doesn't prepare him for a job in the White House. Here's why they're wrong, says the National Review's John Fund.

CNBC (Earnings)

Google parent Alphabet reports earnings today, and profits are expected to take a big hit
While Google's is expected to report second-quarter revenue growth of 19 percent, a big EU fine is seen crimping profit.

North American strength helps Halliburton smash profit view
Halliburton swung to a quarterly profit and handily beat analysts' expectations on higher demand in North America.

Hasbro posts smallest sales beat in 1-1/2 years, shares fall
Hasbro reported higher-than-expected quarterly sales and profit, helped by strong demand for its Transformers and Nerf toys in the U.S.

CNBC (Economy)

Democrats take aim at big business and drug prices in new economic campaign
Democrats led by Pelosi, Schumer and Warren roll out their 2018 economic platform titled "A Better Deal."

US existing home sales stumble as prices hit record high
The National Association of Realtors said existing home sales dropped 1.8 percent to a seasonally adjusted annual rate of 5.52 million units last month.

Small businesses are split over Republican health-care plans
Small business owners often resent the cost and regulatory burden of complying with the health-care law, N>Y. Times reports.

CNBC (Finance)

Blue Apron shares surge 13% after Goldman, other analysts say the troubled IPO is a buy
Blue Apron's stock jumps after three of its underwriters initiated coverage of the company with strong ratings.

Major Wall Street analyst: Here’s what needs to happen for the bitcoin boom to keep going
Bank of America's commodity and derivatives strategist laid out a history of world currencies and whether bitcoin fits into it.

Echoes of 1994 bond meltdown stoke market’s Fed fear
A mistake from the Fed might be the only thing investors really fear right now.

CNBC (Investing)

Blue Apron shares surge 13% after Goldman, other analysts say the troubled IPO is a buy
Blue Apron's stock jumps after three of its underwriters initiated coverage of the company with strong ratings.

‘Nothing is more important’ than baby boomers for financial markets over the next decade
Strategist David Rosenberg named demographics the most important factor for investors to monitor over the next decade.

Echoes of 1994 bond meltdown stoke market’s Fed fear
A mistake from the Fed might be the only thing investors really fear right now.

Yahoo! Finance (SPY,AMZN,AAPL,HD)

Google Q2 Earnings Beat, But Acquisition Costs Jump, Stock Falls
Google-parent Alphabet reported profit and revenue that topped estimates reflecting a one-time charge.

Analysts Give Blue Apron Buy Rating, Blowing Off Amazon Threat
Seven of nine analyst who initiated coverage on Monday gave Blue Apron a buy rating.

Apple iPhone 8 Launch Timing, Initial Supply Subject Of Debates
Wall Street analysts are in two camps about Apple's upcoming iPhone 8 launch.