Business News
Choppy day on Wall Street; all eyes on Trump and healthcare3/23/2017 1:43:29 AM - Wall Street ended mixed after a choppy session on Wednesday as investors focused on President Donald Trump's struggle to push through a healthcare bill and snapped up stocks after a steep drop the day before.Trump Tantrum looms on Wall Street if healthcare effort stalls3/23/2017 1:43:49 AMNEW YORK - The Trump Trade could start looking more like a Trump Tantrum if the new U.S. administration's healthcare bill stalls in Congress, prompting worries on Wall Street about tax cuts and other measures aimed at promoting economic growth.Hospital, Medicaid insurer shares set for volatility as health vote nears3/23/2017 1:05:42 AMNEW YORK - The slumping U.S. healthcare stocks at the center of efforts to dismantle the Affordable Care Act are expected to stay volatile as Republican legislation heads into a vote on Thursday that could signal how protracted their battle to repeal the law will be.If healthcare vote fails, would jeopardize 'Trump trades': Gundlach3/23/2017 1:03:44 AMNEW YORK - If the U.S. healthcare legislation overhaul is not passed, or is postponed, it will put "a lot of doubt" on the "Trump trades," which include higher U.S. equities and bond yields, DoubleLine Capital Chief Executive Jeffrey Gundlach said on Wednesday.With Sears' future in doubt, vendors begin pulling back3/23/2017 2:07:11 AM - Sears Holdings Corp's disclosure that it could lack the financial strength to continue as a going concern is turning attention to the key difference maker for any cash-strapped retailer: vendors.Snap pops 9 percent after winning second 'buy' recommendation3/22/2017 10:12:41 PMSAN FRANCISCO - Shares of Snap Inc jumped 9 percent on Wednesday after the owner of messaging app Snapchat received a second analyst "buy" rating following a red-hot public listing this month and with Wall Street skeptical about its lofty valuation.China's ZTE Corp pleads guilty in U.S. court in sanctions case3/23/2017 2:28:01 AMNEW YORK - Chinese telecom equipment maker ZTE Corp on Wednesday pleaded guilty in U.S. federal court in Texas for illegally shipping U.S. goods and technology to Iran.Canada unveils wait-and-see budget amid U.S. policy uncertainty3/23/2017 2:32:54 AMOTTAWA - Canada's Liberal government unveiled a stay-the-course budget on Wednesday that targeted export growth and some measure of tax reform but did little to whittle away at deficits even as it backed off from an explicit pledge to improve the debt outlook.Verizon, AT&T suspend ads from Google over offensive videos3/23/2017 1:55:51 AM - U.S. wireless carriers Verizon Communications Inc and AT&T Inc said on Wednesday they have suspended some digital advertising from Google and YouTube because of concerns that their ads may have run next to offensive content.Tight supply, higher prices weigh on U.S. home sales3/23/2017 1:27:14 AMWASHINGTON - U.S. home resales fell more than expected in February amid a persistent shortage of houses on the market that is pushing up prices and sidelining prospective buyers.