EconomyLoop
where regional business news becomes global to everyone

Wynn Resorts may use $800M loan to pay $2.4B settlement

Las Vegas-based Wynn Resorts says it may draw from an $800 million bank loan to pay for a $2.4 billion settlement with a Tokyo company... read more

 ABC47 days ago

     
Business Highlights

Business Highlights... read more

 ABC47 days ago
Chart analysts are getting worried about bitcoin: 'No touch'

Bitcoin's drop this week paints a pretty discouraging picture for the near future, technical market analysts say.... read more

 CNBC47 days ago
Blankfein jokes on Twitter that he feels like Huck Finn at his own funeral after WSJ reports he's leaving Goldman

Lloyd Blankfein might not be leaving the bank immediately or even this year, but he's inching closer to saying outright that he will leave, eventually.... read more

 CNBC47 days ago
How major US stock indexes fared Friday

Wall Street got exactly what it wanted from Friday's jobs report: solid hiring, moderate wage growth and continued low unemployment... read more

 ABC47 days ago
Capital One and Seagate rise while Mattel tumbles

Capital One Financial and Seagate Technology advance while Mattel and Big Lots fall... read more

 ABC47 days ago
A look at who could next run Goldman Sachs

David M. Solomon and Harvey M. Schwartz were named presidents and co-chief operating officers of Goldman Sachs in December 2016.... read more

 CNBC47 days ago
Jobless rates fall for black Americans, recent veterans

Jobless rates in February down sharply for black Americans, recent veterans and those in early 20s... read more

 ABC47 days ago
Texas adds 7 rigs as US rig count increases to 984

The number of rigs exploring for oil and natural gas in the U.S. increased by three this week to 984... read more

 ABC47 days ago
Banking analyst Dick Bove calls possible Blankfein exit from Goldman 'wonderful' news

Dick Bove says the only disappointing thing about Blankfein's reported departure plan is that it isn't immediate.... read more

 CNBC47 days ago
Jersey Shore town seeks ferry to dock next to Kushner resort

The federal government has been advising a beach town on the Jersey Shore on plans to build a pier and start a ferry service that would speed New Yorkers to the doorstep of a resort co-owned by Jared Kushner... read more

 ABC47 days ago
Goldman's Blankfein prepares exit for as soon as year-end: WSJ

Goldman Sachs chief executive is preparing an exit by the end of the year, according to a report.... read more

 CNBC47 days ago
Cramer on possible Blankfein exit: He wants' new blood' and didn't want to stay there 'too long'

Blankfein may be afraid to lose talent by not stepping down and letting someone else take the reigns, says CNBC's Jim Cramer.... read more

 CNBC47 days ago
Goldman Sachs CEO Blankfein to retire by year end - report

Goldman Sachs Chief Executive Officer Lloyd Blankfein is planning on retiring as soon as the end of this year -- The Wall Street Journal... read more

 ABC47 days ago
Where Americans found jobs: Construction, retail, factories

Where many Americans found jobs in February: Construction, retail, manufacturing... read more

 ABC47 days ago
US stocks climb on strong jobs report; inflation fears ease

Global stocks are up following a strong US jobs figure, and investors are also pleased to see that the pace of wage growth slowed down a bit in February... read more

 ABC47 days ago
Markets Right Now: Strong hiring news sends stocks higher

Stocks and bond yields rose in early trading on Wall Street after the government reported a surprisingly big increase in hiring last month.... read more

 ABC47 days ago
Fed's Charles Evans goes out on a limb saying he would argue against a March rate hike

Chicago Fed President Charles Evans says he'd prefer to "wait a little longer" before raising rates again.... read more

 CNBC47 days ago
Your first trade for Friday, March 9

The "Fast Money" traders share their first moves for the market open.... read more

 CNBC47 days ago
Wall Street analyst creates new index that tells you when to buy bitcoin

Now is the time to buy bitcoin, according to a new "misery index" for the cryptocurrency created by a Wall Street strategist.... read more

 CNBC47 days ago
US hiring surge adds 313,000 jobs in February, most in 1 ½ years, as jobless rate stays 4.1 percent

US hiring surge adds 313,000 jobs in February, most in 1 ½ years, as jobless rate stays 4.1 percent... read more

 ABC47 days ago
WATCH: Toys 'R' Us may close all US stores: Reports

The toy retail chain has already announced it's closing about 20 percent of its 800 stores across the country.... read more

 ABC47 days ago
Maybe the SEC should investigate February's wild market moves

It has been one month since the market bottomed on Feb. 9. It was a wild week, one for the record books.... read more

 CNBC47 days ago
A $10,000 bet on Amazon at the market bottom 9 years ago would be worth $250,000 today

A well-placed bet on Amazon at the market's bottom of the financial crisis would've made investors lots of money.... read more

 CNBC47 days ago
Netflix, one-time penny stock GGP are among the biggest winners since the bull market began 9 years ago

Stocks have done extremely well since the financial crisis ended, but GGP has left everyone in the dust.... read more

 CNBC47 days ago
US bull market hits ninth birthday, 2nd longest since WWII

The stock market's near decade-long climb upward since the depths of the Great Recession turns nine years old Friday... read more

 ABC47 days ago
WATCH: How US trade tariffs on steel and aluminum will impact manufacturers

The tariffs mean manufacturers will pay more for materials and pass that along as price hikes to consumers on canned products, like beer, soup and soda.... read more

 ABC47 days ago
Greece to issue short-term bills as it prepares bailout end

Greece will hold an auction of a 12-month treasury bill next week, in the latest step toward regaining market access as the end of the country's bailout program approaches... read more

 ABC48 days ago
Investors pressure gun industry but there are limits

States are moving toward divesting their pension funds of gun stocks.... read more

 ABC48 days ago
US trading partners, businesses say tariffs will backfire

Trump tariffs on aluminum and steel imports dismay U.S. trading partners and industries... read more

 ABC48 days ago
Jobs report to show whether pay gains portend high inflation

Are Americans getting raises? Wage gains at center stage in February jobs report... read more

 ABC48 days ago
Central banker: China can be 'bolder' about market opening

The head of China's central bank says the country can be 'bolder' about opening its financial markets following steps to strengthen financial regulation and encourage use of its currency abroad... read more

 ABC48 days ago
Central banker: China can be 'bolder' about market opening

The head of China's central bank says the country can be 'bolder' about opening its financial markets following steps to strengthen financial regulation and encourage use of its currency abroad... read more

 ABC48 days ago
Bitcoin prices fall below $9,000 — a 24% decline for the week

Bitcoin slipped to trade below $9,000, extending losses seen earlier in the week when it fell below $10,000.... read more

 CNBC48 days ago
China will rely less on stimulus as it battles risks from debt, says its central bank

China will rely less on stimulus to boost the economy in future, the country's central banker said Friday.... read more

 CNBC48 days ago
Asian shares rise as trade fears on Trump's tariffs ease

Asian shares are mostly higher on relief that President Donald Trump's tariffs on U.S. steel and aluminum imports may not be as harsh as initially feared... read more

 ABC48 days ago
Industry groups say US tariffs will cost jobs, raise prices

Many U.S. industries are not happy with the Trump administration's tariffs on imported steel and aluminum... read more

 ABC48 days ago
China's February consumer inflation is at its highest since 2013

China's February consumer inflation grew at its fastest year-on-year pace since 2013, statistics bureau data showed.... read more

 CNBC48 days ago
China accuses Trump of damaging global trade with tariffs

China says it 'firmly opposes' U.S. President Donald Trump's tariff increase for imported steel and aluminum but gave no indication whether Beijing might impose its own measures in response... read more

 ABC48 days ago
After-hours buzz: MAT, HAS, UNFI & more

See which stocks are posting big moves after the bell.... read more

 CNBC48 days ago
Key facts about the US steel and aluminum industries

President Trump signed off on tariffs for steel and aluminum imports.... read more

 ABC48 days ago
Trade groups say US tariffs on aluminum, steel will hurt

A broad swath of U.S. industries is unhappy with the tariffs that the Trump administration is imposing on aluminum and steel imports... read more

 ABC48 days ago
David Stockman: ‘Market is whistling past the graveyard' and there's no way out

The former OMB Director under President Reagan sees nothing but pain ahead for the stock market.... read more

 CNBC48 days ago
Business Highlights

Business Highlights... read more

 ABC48 days ago
Credit card debt surpasses $1 trillion in the US for first time

The average U.S. household owes $8,600 on credit cards.... read more

 ABC48 days ago
How major US stock indexes fared Thursday

After hours of indecisive trading, stocks finished with modest gains Thursday after President Donald Trump formally ordered tariffs on steel and aluminum imports, but investors felt the terms of the tariffs are less harsh than they had feared... read more

 ABC48 days ago
Express Scripts and Wynn climb while Kroger and Tronc skid

Express Scripts and Wynn Resorts trade higher while Kroger and Tronc tumble... read more

 ABC48 days ago
Mexican peso, Canadian dollar jump on report countries will be exempt from tariffs

The peso and loonie rose against the dollar after The AP reported Canada and Mexico will be exempt from U.S. tariffs.... read more

 CNBC48 days ago
Research finds female analysts are more accurate, make bolder calls

A study published in the Journal of Accounting Research shows female analysts issue bolder and more accurate forecasts.... read more

 CNBC48 days ago
Special Olympics to help train United Airlines employees

United Airlines says it will get help from Special Olympics in training staff to handle travelers with intellectual disabilities... read more

 ABC48 days ago