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Despite merry holidays, retailers face challenges in 2018

Retailers are riding high after ebullient U.S. consumers shopped at the healthiest pace in more than a decade over the holiday season. But merchants can’t afford to rest easy. Read More

Bank execs sing praises of new tax law as windfall looms

Two of the nation’s biggest banks — JPMorgan Chase and Wells Fargo — indicated today that they expect to see significant future benefits from the recently enacted GOP tax bill, through both lower taxes and increased business. Read More

Facebook is making a major change to your news feed


Updated on  January 11, 2018 at 3:28 pm
Facebook introduced sweeping changes to the kinds of posts, videos and photos that its more than 2 billion members will see most, saying today that it will prioritize what their friends and family share and comment on while de-emphasizing content from publishers and brands. Read More

Ford says some Rangers should be parked due to air bag death


Updated on  January 11, 2018 at 6:51 pm
Ford is telling owners of about 2,900 Ranger small pickup trucks not to drive them after finding out that an exploding Takata air bag inflator killed a Ranger driver in West Virginia. Read More
 

Average 30-year mortgage rates rise

The cost of borrowing money to buy a home rose slightly this week, but remains historically low. The average rate on 30-year fixed-rate mortgages rose to 3.99 percent, from 3.95 percent last week. Read More

New era of batteries spells trouble for natural gas

While natural gas became the biggest source of power in the U.S. two years ago — it burns cleaner and more cheaply than coal — regulators are looking to reduce carbon emissions to combat global warming and climate change. Gas now accounts for about a third of the country’s electricity, but renewables like solar and wind are expanding faster, doubling their share of the market over the past decade to a projected 17 percent last year, government data show. Read More
 

Bitcoin upstages EVs as bigger source of power use

The global power needed to create cryptocurrencies this year could rival the entire electricity consumption of Argentina and be a growth driver for renewable energy producers from the U.S. to China. Read More

Amazon looks to build on 1st season of NFL streaming

Amazon had a mostly successful debut into live streaming of major sports events with increased audience and an improved viewing experience in its first season showing NFL games. Read More

Toyota-Mazda plant: Alabama bids to become a major auto hub

Alabama, seeking the fast lane in its bid to become a major auto making hub in the South, has landed a coveted $1.6 billion joint venture plant by Japanese car giants Toyota and Mazda that will eventually employ 4,000 people. Read More

Diet Coke gets new look, new flavors


Updated on  January 10, 2018 at 12:09 pm
Diet Coke is getting a makeover to try to invigorate the sugar-free soda’s slumping sales. Read More

Blackstone said to reach $1.1B deal to buy Grand Wailea Resort


Updated on  January 10, 2018 at 10:21 am
Blackstone Group LP reached an agreement to acquire the Grand Wailea Resort on Maui for about $1.1 billion, according to a person with knowledge of the deal. Read More

Immigration agents descend on 100 7-Eleven stores nationwide


Updated on  January 10, 2018 at 10:52 am
Today’s operation was “the first of many” and “a harbinger of what’s to come” for employers, according to Derek Benner, a top official at U.S. Immigration and Customs Enforcement. Read More

Women get prominent media jobs in wake of misconduct ousters

As more than two dozen men have lost media jobs or projects after sexual misconduct accusations in the last several months, their departures have opened doors for a handful of women. Read More
Updated on  January 10, 2018 at 11:35 am

Buffett adds 2 potential successors to Berkshire board

Berkshire Hathaway is promoting the two top candidates to eventually replace CEO Warren Buffett to its board, but the 87-year-old investor says he isn’t leaving. Read More
Updated on  January 10, 2018 at 11:33 am

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