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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

GE Still Wrestles With a Big Problem: GE Capital

Tue, Jul 17, 2018

General Electric continues to work with bankers and advisers to determine the best way to proceed with GE Capital, the lending unit that nearly sank the company in the financial crisis. ...

Netflix Shares Skid as Subscriber Growth Misses Its Mark

Tue, Jul 17, 2018

Netflix registered more than a million fewer subscribers than it expected in the second quarter, a sign that the streaming-video site’s strong momentum may be slowing. Shares fell 14% in after-hours trading....

Papa John's Founder Says Resignation Was a Mistake

Tue, Jul 17, 2018

Papa John’s International’s founder John Schnatter said “it was a mistake” to step down as chairman last week and is questioning how the board investigated his use of a racial slur. ...

Whirlpool Wanted Washer Tariffs. It Wasn't Ready for a Trade Showdown.

Tue, Jul 17, 2018

Trade barriers can ricochet through an economy in ways even proponents don’t expect, as shown by washers, among the first consumer products targeted....

Uber Faces U.S. Probe Over Alleged Gender Discrimination

Mon, Jul 16, 2018

Uber is the subject of an investigation by the U.S. Equal Employment Opportunity Commission stemming from a complaint about gender inequity, part of a series of probes of the ride-hailing giant....

Fed's Powell on Capitol Hill: What to Watch

Tue, Jul 17, 2018

Federal Reserve Chairman Jerome Powell heads to Capitol Hill for his second pair of hearings since becoming the central bank’s new leader in February. ...

IMF Still Expects Global Economy to Grow 3.9% This Year

Tue, Jul 17, 2018

Despite months of negative headlines—from escalating trade conflicts to European political turmoil to emerging-market currency declines—global economic growth has remained robust. ...

Strong Retail Sales in June Boosted Growth

Mon, Jul 16, 2018

Americans boosted their spending at retailers in June, capping a strong quarter of consumption that is expected to help ramp up economic growth....

Japan, EU Sign Trade Deal: 'We Stand Together Against Protectionism'

Tue, Jul 17, 2018

The leaders of Japan and the European Union signed a deal to create one of the world’s largest liberalized trade zones, a contrast to escalating trade disputes between the U.S. and several of its trading partners....

U.S. Files Complaints With WTO Against Trading Partners

Mon, Jul 16, 2018

The U.S. fired back at lawsuits other countries have filed with the World Trade Organization over Trump steel and aluminum tariffs, escalating a trade dispute with some of America’s closest allies....