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Daily News

Below please find daily updates pertaining to the latest in financial, business, and tax news:

Wall Street Journal

GE's Profit Falls as Power Division Remains a Drag

Fri, Jul 20, 2018

General Electric’s second-quarter profit dropped 30% as the company’s power division continued to offset growth in other major units....

Honeywell Increases Sales Guidance Despite Posting Lower Profit

Fri, Jul 20, 2018

Honeywell raised its financial guidance for the year as sales rose in its latest quarter, even as profit fell. ...

Esterline Technologies Exploring Potential Sale

Fri, Jul 20, 2018

Aerospace-parts maker Esterline Technologies Corp. is exploring a potential sale, according to people familiar with the matter....

Facebook Suspends Analytics Firm on Concerns About Sharing of Public User-Data

Fri, Jul 20, 2018

Facebook said it was suspending an analytics firm while it investigates whether that firm’s government contracts violate the social-media giant’s policies on how its public data is collected and shared....

WhatsApp to Limit Forwarding After Rumor-Led Violence in India

Fri, Jul 20, 2018

Facebook’s WhatsApp messaging service is making it harder for users to forward content after the spread of rumors on the app led to mob violence and the killing of more than 20 people in India....

Trump's Emerging Economic Policy: Picking Winners and Losers

Fri, Jul 20, 2018

The president’s unorthodox approach to economic policy could harm some U.S. industries with tariffs, but it also includes concrete plans to maintain America’s technological edge. ...

Trump Escalates Criticism of Fed, Renews Threat on China Imports

Fri, Jul 20, 2018

President Donald Trump escalated his criticism of the Federal Reserve, saying that its efforts to raise short-term interest rates hurt the U.S. economic expansion, and he accused China and the EU of manipulating their currencies to hurt the U.S. on trade....

Trump's Fed Outburst: All Downside, No Upside

Fri, Jul 20, 2018

In a presidency that has seen almost every institution consumed by division and controversy, the Federal Reserve is a shining exception, but Donald Trump’s lengthy riff on interest rates risks tainting that. ...

China Woos U.A.E. With Trade, Balancing Concerns Over Iran Ties

Fri, Jul 20, 2018

Chinese president wrapped up three-day meeting in U.A.E with flurry of business agreements, bolstering economic ties with a key ally of Saudi Arabia, just as Beijing is emerging as a critical partner for an increasingly isolated Iran....

U.S. Jobless Claims Hit Lowest Level Since 1969

Thu, Jul 19, 2018

The number of Americans claiming new unemployment benefits fell last week to the lowest level in nearly five decades....