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BUSINESS NEWS

US crude settles at $48.90, tumbling nearly 5% on disappointment in OPEC’s production policy

Low Canadian dollar forces closure of only grocery store in Sumas, Washington

p>Donald Trump budget cuts could hurt many who voted for him

How does an America with no middle class look like? Bureau of Labor and Statistics projects top two jobs for the next decade will pay roughly $20,000 a year. Approval rating of Congress at 10 percent. In comparison, Americans approved of BP’s handling of the Gulf oil crisis at a 16 percent rate.

Amazon is annihilating so many local retailers that when the SHTF, the local retail infrastructure will be long gone

Trump to propose scrapping beleagered student loan program

Global stock markets were lower this morning after the next turn in the chaos facing President Donald Trump's White House. Former FBI Director Bob Mueller was appointed late Wednesday as special counsel to oversee the agency's Russian investigation (CNBC)

Ford to cut 1400 white-collar jobs in North America and Asia

Concerns over Trump dent global stocks, dollar."LONDON (Reuters) - Concern that U.S. President Donald Trump's reform agenda could be slowed down, and that Trump himself could even face the threat of impeachment, added to disappointing U.S. economic data on Wednesday to hit the dollar and spur"

Zappos CEO Ton y Hsieh
Why multi-millionaire Zappos CEO Tony Hsieh chooses to live in a trailer park

Warren Buffett and Charlie Munger share their best advice for young people

Why multi-millionaire Zappos CEO Tony Hsieh chooses to live in a trailer park

European shares hit 20-month high, Brent buckles below $50 - Signs that centrist Emmanuel Macron was heading for victory in France’s presidential election and buoyant business confidence helped European shares to a near two-year high on Thursday, despite some wary signals from China and commodity markets.

Vince joins Sears in flagging ‘substantial doubt’ it can stay in business

Coca-Cola to cut 1,200 jobs, boosts savings target (Reuters) - Coca-Cola Co said on Tuesday it would cut about 1,200 jobs as the beverage maker expands its savings target amid falling demand for fizzy drinks globally.

The highest paying jobs for women

The next French president’s nuclear problem - 4/19/17, 1:44 PM CET - Candidates face tough decisions on the country’s nuclear energy future.

‘A disgrace’: Trump takes fresh aim at Canada’s dairy, lumber, energy

GM says Venezuelan authorities illegally seized auto plant

Clothing retailer Bebe announces closure of all 175 of its stores

Westinghouse calls for bankruptcy

Facebook, Google and McKinsey rank among America's 25 highest-paying companies

The 10 most expensive countries in the world

Retail layoffs are far from over as more store closures loom

Staples buyout belongs only on back of an envelope

Payless ShoeSource files for Chapter 11 bankruptcy

Government orders Wells Fargo to reinstate whistleblower

Growing India - China joins race for booming Indian car market

How Congress could kill Obamacare after all. President Trump and House Speaker Paul Ryan say that Obamacare is on the verge of collapse.

Brexit boost: Qatar will invest another $6 billion in U.K.

Dow falls triple digits as optimism on Trump agenda diminishes; financials lag

dollar collapse
Warning: US Dollar Doomsday by end of 2017? A former U.S. Congressman issues warning to Americans. Dollar collapse is INEVITABLE. Explains how you need to prepare... Watch it Now

Stocks market falls, on track for worst day of 2017

Trump’s $1.1 Trillion Budget Makes Dramatic Cuts to Federal Government

Chinese firm invests $400 million in building owned by Jared Kushner’s family

Mexico Gets Backing of Pacific Alliance Partners Over U.S. Talks

Massive oil discovery in Alaska is biggest onshore find in 30 years

Wall St. is misreading Trump, and a market bloodbath is imminent: Stockman

MENA Millennials driving demand for bakery and snacks

22 of the best ways to save money in the new year

US deal will flood UK market with food people don’t want, warns respected academic - By David Burrows, 24-Feb-2017. A trade deal with the US will give "the majority of the UK public food they don’t want" as well as open “a very new can of worms” in terms of food fraud, according to Chris Elliott, professor of food and founder of the Institute for Global Food Security at Queen’s University Belfast.

JC Penney earnings: 64 cents per share, vs expected EPS of 61 cents; closing up to 140 stores . This is a developing news story. Please check back for updates:
Here

Why Hudson’s Bay and some other retailers won't dump Ivanka Trump’s boycotted brand. Continuing to sell maligned products could be expensive, but so could dumping them

Business/Markets

MORNING SQUAWK

MORNING SQUAWK

Britain loses £300m in foreign aid to fraud without noticing<Hundreds of millions of pounds in overseas aid is lost to fraud every year undetected by the Department for International Development, an auditors’ report suggests - Read the full story

You’re hired! Trump scores U.S. HUGE jobs deal

Tepco’s termination of supply contract contested by Canada-based uranium producer Cameco

Tens of thousands of Russians claim free land in Far East

Manitoba Hydro cutting 900 jobs in ‘necessary first step’

What will Trump want from Canada on NAFTA? A U.S. document may offer clues.

Hitachi to take big loss, after U.S nuclear project fails

How colleges affect social mobility in America

Wall St. drops on jitters over Trump’s travel curbs

Volkswagen’s Audi brand to recall 576,921 vehicles in U.S.

GM to slash up to 600 jobs in southwestern Ontario, union says

US Treasurys edge lower as Trump measures spur risk trade

The 50 Best Jobs in America in 2017

Bill Gates could become the world’s first trillionaire

Justice! Crooked auto executive arrested. Foreign automaker Volkswagen has been hit with a record fine for cheating customers -- and that’s just the beginning. See how investigators nabbed their top executive, and how he could end up facing SERIOUS jail time.

Asian Indices Down with Nikkei 225 and Pharmaceuticals Hit Hardest After Trump Speech

Capitalism needs urgent reform: World Economic Forum

Here are 68 of the 100 stores that Macy’s will close

OPEC oil output falls from record high ahead of planned cuts: Reuters survey

Self-made millionaire: The ‘one, proven, easy way to get rich’

Dismal holiday sales at Macy’s, Kohl’s spell gloom for sector

Chided by Trump, Ford scraps Mexico factory, adds Michigan jobs

Insurance company to replace workers with AI sytem

Financial crisis brings meltdown in Toshiba’s nuclear power plans

Kohl’s, J.C. Penney and Walmart Will Close The Most Stores In 2017

U.S. probes 1 million Fiat Chrysler vehicles for roll-away crashes

US: Ridley business recalls beef cattle feed US firm, Ridley Block Operations, a division of the Alltech owned Ridley Inc, has initiated a voluntary recall of a single batch of a beef cattle feed product due to concerns there is a risk for the target animal... Read

US legal battle over inhumane slaughter starts. The Animal Welfare Institute (AWI) has filed a lawsuit against the US Department of Agriculture (USDA), citing an unreasonable delay to an AWI petition.

U.S. Fed hikes interest rate for first time in 2016 — with more to come in 2017- Wed, 14 Dec 2016 14:06:15 EST
The Federal Reserve has hiked its benchmark interest rate known as the federal funds rate by a quarter of a percentage point to a range of between 0.5 and 0.75 per cent.

MORNING SQUAWK

‘Make Lululemon Great Again’: Chip Wilson says retailer can be US$20-billion company

The 1929 Stock Market Crash Versus Today

Saudis order oil cuts to US,Europe
Saudis order oil cuts to U.S., Europe before non-OPEC talks

SNC-Lavalin axes another 405 jobs amid mining sector weakness

The 25 best companies to work for in America

Exclusive: In mammoth task, BP sends almost three million barrels of U.S. oil to Asia.

President Obama is giving President-elect Trump a welcome gift: A pretty good economy.

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