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Daily News

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

The Wall Street Journal

Uber Joins Rival Lyft in Race for Listing

Sat, Dec 08, 2018

Uber filed paperwork confidentially this week for its initial public offering, according to people familiar with the matter, as it races with smaller rival Lyft to be the first to market....

Huawei Offensive Is Acceleration of Yearslong Endeavor

Sat, Dec 08, 2018

This month’s arrest of Huawei’s chief financial officer and heir apparent was the latest salvo against a company U.S. officials see as a threat to national security and America’s global edge in technological innovation. ...

Huawei Executive's Arrest Stirs Fears About Corporate Travel

Sat, Dec 08, 2018

The arrest of a prominent Chinese technology executive traveling overseas sparked concerns that U.S. executives may be vulnerable to retaliation....

U.S. Companies Feel Pinch as Tariff Costs Mount

Fri, Dec 07, 2018

American companies that import products are paying record amounts in customs duties as more tariffs imposed by the Trump administration take effect. ...

Trump's Tough China Tack Wins Over Skeptical CEOs

Sat, Dec 08, 2018

While business leaders at first thought President Trump’s confrontational approach on trade with China was the wrong way to go, some CEOs now see the administration’s trade fight as the best shot at resolving long-running intellectual-property grievances....

U.S. Hiring Slows as Wages Grow, Unemployment Holds at Multidecade Low

Fri, Dec 07, 2018

Employers slowed their pace of hiring in November, but wage growth matched the highest rate in nearly a decade and unemployment held at the lowest rate since December 1969. ...

Analysis: Jobs Report Keeps December Rate Increase on Track

Fri, Dec 07, 2018

The U.S. job market remained healthy overall in November, with low unemployment and steady wage growth, justifying the Federal Reserve’s expected interest rate rise this month. ...

Fed Weighs Wait-And-See Approach on Future Rate Rises

Thu, Dec 06, 2018

Federal Reserve officials are considering whether to signal a new wait-and-see mentality after a likely interest-rate increase at their meeting in December, which could slow the pace of rate increases next year....

Consumer Sentiment Remains Steady in the U.S.

Fri, Dec 07, 2018

Americans continue to feel good about the economic outlook, with the University of Michigan saying its preliminary index of consumer sentiment exceeded economists’ expectations....

Altria Makes Big Controversial Bets in Search of Growth

Fri, Dec 07, 2018

Marlboro maker invests $1.8 billion in Canadian marijuana grower as it explores deal with e-cigarette rival Juul. ...