EconomyLoop
where regional business news becomes global to everyone

Macau police hunt for HK$48 million in gambling chips after Wynn casino robbery

The robbery is one of the largest in the world's biggest gambling hub, the South China Morning Post reports.... read more

 CNBCYesterday

     
Business Highlights

Business Highlights... read more

 ABCYesterday
How major US stock indexes fared on Friday

Stocks closed higher Friday, driving several of the major indexes to record highs... read more

 ABCYesterday
Crunch time: What Amazon wants for its new HQ

Crunch time: What Amazon wants from the cities vying to make the cut... read more

 ABCYesterday
Amazon, Lowe's and Citizens rise while IBM and AmEx skid

Amazon.com, Lowe's and Citizens Financial Group climb while IBM and American Express slip... read more

 ABCYesterday
San Francisco Fed President Williams being considered by Trump for vice chair

Trump is considering San Francisco Fed's John Williams to be the central bank's next vice chair, a source told CNBC.... read more

 CNBCYesterday
Quarles lays out road map for bank regulations

Fed's top bank regulator says he wants to focus on efficiency and simplicity in bank rules... read more

 ABCYesterday
Correction: Uber-Autonomous Vehicles story

Correction: Uber-Autonomous Vehicles story... read more

 ABCYesterday
US stocks will likely run higher for another 11 years, Wall Street's Tom Lee says

The S&P 500 will likely peak in 2029, with the index between 6,000 and 15,000, Thomas Lee of Fundstrat, says on CNBC's "Halftime Report."... read more

 CNBCYesterday
SEC letter shows bitcoin funds won't happen soon, if ever

It may be a while, if ever, before investors can buy an exchange-traded fund with holdings of bitcoin and other digital currencies.... read more

 ABCYesterday
US rig count down by 3 to 936; Wyoming adds 3

The number of rigs exploring for oil and natural gas in the U.S. decreased by three this week to 936... read more

 ABCYesterday
US regulators have begun work to 'streamline' Volcker Rule, Fed official says

Banks have long complained that the rule is too onerous and difficult to comply with.... read more

 CNBCYesterday
WATCH: About 175,000 UGG comforters recalled due to risk of mold exposure

The U.S. Consumer Product Safety Commission announced today that Bed Bath & Beyond has voluntarily recalled about 175,000 UGG comforters due to the risk of mold exposure.... read more

 ABCYesterday
Rising mortgage rates could mean even fewer homes for sale this spring

The spring housing market is just around the corner and this year it will be more competitive than ever.... read more

 CNBCYesterday
Staten Island-based 'CabbageTech' charged with bitcoin-related fraud after promising 300% returns in a week

A digital currency trading scheme called CabbageTech has disappeared from the internet with customers' funds.... read more

 CNBCYesterday
Consumer sentiment falls in January, while tax reform viewed with optimism

U.S. consumer sentiment was expected to rise in the January mid-month reading.... read more

 CNBCYesterday
Your first trade for Friday, January 19

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

 CNBCYesterday
US stock indexes mixed in early trading; oil prices slide

The major U.S. stock indexes are mixed in early trading as gains by banks and consumer-focused companies outweigh losses in energy and other sectors... read more

 ABCYesterday
Amazon boosts monthly Prime membership fees by 20 percent

Amazon is boosting the price of its monthly Prime membership fees by nearly 20 percent, but its annual membership fee of $99 will not change... read more

 ABCYesterday
Markets Right Now: US stocks open slightly higher

Stocks are opening slightly higher on Wall Street as consumer-focused companies and banks post gains.... read more

 ABCYesterday
Square shares pop after analyst says its similar to 'Amazon or Google in their early days'

Payment company Square is "analogous to Amazon or Google in their early days," according to one bank.... read more

 CNBCYesterday
Seeing global "packaging problem" Coke vows to cut waste

Coca-Cola plans to help collect and recycle a bottle or can for every one that it sells by 2030... read more

 ABCYesterday
Delta wants to know if your dog can behave before it flies

Citing safety, Delta will require animal owners to provide more information before their furry friends can fly... read more

 ABCYesterday
WATCH: Amazon announces final cities for new headquarters

More than 200 communities made the pitch to be a second home to the e-commerce giant but only 20, including Atlanta, Chicago, Dallas and Los Angeles, made it into the next round.... read more

 ABCYesterday
Wall Street traders brace for meager paychecks as bonus season approaches

Some traders at the largest Wall Street banks are about to get big, fat zeroes for bonuses while they watch markets thrive.... read more

 CNBC2 days ago
Asian shares subdued as US government shutdown threat looms

Asian stock markets were muted and the dollar fell following Wall Street's retreat as the threat of a U.S. federal government shutdown loomed... read more

 ABC2 days ago
SEC says it's worried about 'significant' issues with cryptocurrency ETF plans

The SEC indicated it would not be open to approving cryptocurrency ETFs unless sponsors could address concerns.... read more

 CNBC2 days ago
HSBC to pay $100 million to settle currency rigging investigation

It also admitted and accepted responsibility for wrongdoing underlying two criminal wire fraud charges.... read more

 CNBC2 days ago
After-hours buzz: IBM, AXP & more

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

 CNBC2 days ago
Bitcoin's on a wild ride, but investors have shown it's here to stay, analyst says

Spencer Bogart of Blockchain Capital says there is a legion of people who see a great buying opportunity.... read more

 CNBC2 days ago
Business Highlights

Business Highlights... read more

 ABC2 days ago
How major US stock indexes fared on Thursday

Stocks closed slightly lower Thursday, pulling the market below the record highs it set the day before... read more

 ABC2 days ago
American Express posts $1.2 billion loss due to new tax law

Credit card company American Express posts $1.2 billion loss in the fourth quarter, as the company booked large one-time charges related to the new tax law... read more

 ABC2 days ago
Bank of New York Mellon and Albemarle skid while AES soars

Bank of New York Mellon and Albemarle trade lower while AES and La Quinta Holdings rise... read more

 ABC2 days ago
The Dow's 31% gain during Trump's first year is the best since FDR

Donald Trump lifted the Dow Jones industrial average in his first year in office more than any other president since Franklin Roosevelt.... read more

 CNBC2 days ago
There's 'no evidence' Tasers reduce police use of firearms, new study shows

While the study found that Tasers reduce the rate of police injury, it also found no effect on police firearm use.... read more

 CNBC2 days ago
SoftBank's acquisition of 15 percent of Uber closes

Japanese technology conglomerate SoftBank says its deal to acquire 15 percent of Uber has closed... read more

 ABC2 days ago
Amazon's potential HQ2 sites leaves many cities disappointed

Amazon's final cut of 20 contenders for its second headquarters leaves hundreds of cities disappointed... read more

 ABC2 days ago
Ex-assistant to top Goldman exec fled to Rome after admitting wine theft, FBI says

Judge denies bail after Nicolas De-Meyer is indicted in theft of $1.2 million of wine from Goldman's David Solomon.... read more

 CNBC2 days ago
Insurers take a hard look at California and see growing wildfire risk

Last year's devastating wildfire season may accelerate the trend of insurers not renewing policies in fire-hazard areas.... read more

 CNBC2 days ago
Bank of America loses its second head of tech and media banking in less than a year

Bank of America is losing its second global head of technology, media and telecom investment banking in less than a year.... read more

 CNBC2 days ago
Old corporate tax rate 'was never good for the United States,' Apple CEO says

Apple will pay a one-time tax of $38B to bring back overseas cash holdings.... read more

 ABC2 days ago
Apple CEO on why the company is repatriating billions of dollars back home

Cook sat down with ABC News' Rebecca Jarvis.... read more

 ABC2 days ago
WATCH: Apple to pay $38 billion in taxes on overseas cash holdings

The company will invest over $350 billion in the U.S. over the next five years.... read more

 ABC2 days ago
WATCH: Apple CEO Tim Cook says new corporate taxes allow the company to repatriate billions in cash back to US

He said the company will bring back "the vast majority of $250 billion."... read more

 ABC2 days ago
GE shares drop to 6-year low below $17

Shares of General Electric hit their lowest level since 2011 on Thursday, briefly breaking below $17.... read more

 CNBC2 days ago
Bitcoin rallies more than 30% to briefly top $12,000 in latest wild swing

Bitcoin surged Thursday, recovering from a sharp sell-off to briefly trade above $12,000.... read more

 CNBC2 days ago
'Potholes are everywhere'—fixing US infrastructure could take 40 years, says Chamber of Commerce CEO

Infrastructure in the United States is "25 years behind at least," U.S. Chamber of Commerce CEO Tom Donohue says.... read more

 CNBC2 days ago
Of Mutual Interest: Rising bond yields, growing questions

After a long period of declines, bond yields are finally moving higher. That could mean big changes for the stock market... read more

 ABC2 days ago
BNY Mellon expects more severance charges in 2018; shares sink

Bank of New York Mellon reported a 37 percent rise in fourth-quarter profit, benefiting from a one-time gain of $427 million from the federal tax overhaul.... read more

 CNBC2 days ago