October 20, 2018

Fed’s Kaplan sees two-three more rate hikes to hit ‘neutral’ level

Another two to three interest rate increases from the Federal Reserve will likely put U.S. borrowing costs in "neutral" territory where it is neither stimulating nor restricting economic growth, Dallas Federal Reserve President Robert Kaplan said on Fr...
October 19, 2018

Frustrated GM investors ask what more CEO Barra can do

General Motors Co Chief Executive Mary Barra has transformed the No. 1 U.S. automaker in her almost five years in charge, but that is still not enough to satisfy investors.
October 19, 2018

Google to charge Android partners up to $40 per device for apps: source

Alphabet Inc's Google will charge hardware firms up to $40 per device to use its apps under a new licensing system to replace one that the European Union this year deemed anti-competitive, a person familiar with the matter said on Friday.
October 19, 2018

Apple CEO urges Bloomberg to retract spy chip story

Apple Inc Chief Executive Tim Cook on Friday told an online news website that Bloomberg should retract a story that claimed Apple's internal computer systems had been infiltrated by malicious computer chips inserted by Chinese intelligence agents.
October 19, 2018

Disappointing photos show what owning a yacht is like in real life

Owning a yacht certainly sounds like a dream come true. And if you have a nice chunk of change burning a hole in your pocket, you might want to make that dream a reality. But you should know first that there are several hidde...
October 19, 2018

S&P falls on interest rate, trade concerns; P&G lifts Dow

The U.S. benchmark S&P 500 stock index edged lower on Friday as strong earnings from Procter & Gamble Co were offset by ongoing concerns about rising interest rates and tensions over trade policy denting economic growth.
October 19, 2018

Euro, pound rally on Brexit concession; global stocks dip

Stocks dipped on Friday, dragging a global index into a fourth consecutive weekly loss, while the euro and sterling rallied against the dollar after a report said Britain is ready to drop a key Brexit demand.
October 19, 2018

Goldman Sachs and Google are partnering on a digital wealth offering — and it’s a template for the bank’s ambitions to manage money for the masses (GS)

Goldman Sachs is growing a little-known business called Ayco that works with corporate HR departments and will play a big role in its ambitious revenue plans. "Ayco is a big driver” of the more than $1 billion slated to...
October 19, 2018

Microsoft could be the next company to join the $1 trillion club — here’s what will get it there (MSFT, AMZN, GOOGL)

The cloud industry is set to grow rapidly, and Microsoft is well-positioned to benefit from its expansion, Wedbush analyst Daniel Ives said in a new report. The company has a huge network of technology partners, a sizeable sa...
October 19, 2018

Trump to meet heads of Boeing, Lockheed, Northrop at Arizona air base

U.S. President Donald Trump is scheduled to meet the chief executives of the biggest U.S. defense companies at Luke Air Force Base in Arizona on Friday to discuss how they can source more parts and materials domestically, people familiar with the meeti...