BC-Business News Preview
Among the stories Thursday from The Associated Press:
FEDERAL RESERVE — The Federal Reserve appears on track to raise interest rates once more this year but will likely hold off on any action when its latest policy meeting ends Thursday. Still, investors will be parsing the statement the Fed will issue after its meeting for any sign that it might be rethinking its probable pace of credit tightening in the coming months. By Martin Crutsinger. UPCOMING: 130 words at 2 p.m. 500 words by 2:30 p.m.
TRUMP-BUSINESS CONFLICTS — Beyond trying to get their hands on the Holy Grail of President Donald Trump’s business dealings — his tax returns — House Democrats are prepared to use their newfound majority and subpoena power to go after all manner of financial records that could back up their claims that he’s using his presidency to enrich himself and his family. By Tami Abdollah and Stephen Braun. SENT: 930 words, photos.
MARKETS & ECONOMY:
FINANCIAL MARKETS — World markets were mixed on Thursday after the U.S. midterm elections quelled fears of a drastic shift in policies.SENT: 550 words, photos. UPCOMING: Will be updated through 5 p.m.
MORTGAGE RATES — Freddie Mac reports on this week’s average U.S. mortgage rates. By Christopher Rugaber. UPCOMING: 130 words after release of report at 10 a.m. 300 words by 10:45 a.m.
OFF THE CHARTS-PERIL OF PEAK EARNINGS — Companies across industries are reporting another quarter of robust earnings but many aren’t seeing the typical boost in their stock price. It’s tied to the gnawing concern among investors that this may be the peak for corporate profit growth. By Stan Choe. UPCOMING: 500 words by noon, photos.
TOY HALL OF FAME — The National Toy Hall of Fame inducts its Class of 2018. The finalists are: Chalk, American Girl, He-Man, Uno, Magic 8 Ball, Chutes and Ladders, the Fisher-Price Corn Popper, pinball, the sled, tic-tac-toe, Tickle Me Elmo and Tudor Electric Football.
POLAND-US-GAS — Poland’s main gas company signed a long-term contract Thursday to receive deliveries of liquefied natural gas from the United States as part of a larger effort to reduce its energy dependence on Russia. By Monika Scislowska. SENT: 460 words, photos.
HEALTH CARE STOCKS-POST ELECTION BUMP — Health insurers are extending their postelection streak before the opening bell thanks to several ballot initiatives and the increased chance that a divided Congress that may not repeal the Affordable Care Act. SENT: 130 words.
LEGAL MARIJUANA-MASSACHUSETTS-FIRST SALES — A Massachusetts city with a youthful vibe and eclectic mix of culture is about to be home to the nation’s first legal recreational marijuana sellers east of Colorado. SENT: 140 words.
EARNS-WALT DISNEY — The Walt Disney Co. reports quarterly financial results after the market closes.
JAPAN-EARNS-NISSAN — Japanese automaker Nissan reported Thursday an 8 percent fall in profit for the latest quarter as declining sales offset the benefits of cost cuts. By Yuri Kageyama. SENT: 320 words, photos.
ITALY-EARNS-UNICREDIT — Italian bank UniCredit said Thursday that one-off provisions to cover any settlement for alleged U.S. sanctions violations in Iran and a write-down on its Turkish unit dropped third-quarter profits by 99 percent. By Colleen Barry. SENT: 380 words.
TECHNOLOGY & MEDIA:
TESLA — Tesla’s board has named one of its own as chairman to replace Elon Musk, complying with terms of a fraud settlement with U.S. securities regulators. By Tom Krisher. SENT: 920 words, photos.
COMMSCOPE-ARRIS-ACQUISITION — Telecommunications equipment maker CommScope is paying $5.7 billion for Arris International as it prepares for the entrance of faster 5G service to the wireless market. SENT: 120 words, photos.
WIRED NATURE — Scientists have equipped a Massachusetts marshland with wireless sensors, cameras and microphones to create a virtual reality world inspired by nature’s rhythms. Researchers at the Massachusetts Institute of Technology hope that by live-streaming data, sights and sounds at the Tidmarsh Wildlife Sanctuary, they can help scientists understand wildlife restoration techniques. It will also let people experience nature remotely. By Matt O’Brien. SENT: 900 words, photos.
NERDWALLET-ETF CLOSES — The past decade has seen an explosion in new exchange-traded funds. But not all funds attract investors, and ETFs are dying off at a near-record rate this year. Here’s what to do if you face an ETF closure. NerdWallet columnist Anna-Louise Jackson. UPCOMING: 780 words by 11 a.m., photo.
BREXIT — The European Union’s Brexit negotiator on Thursday said that gaps remain to be bridged in talks on the U.K.’s departure from the bloc as time runs out to secure a deal and have it endorsed. By Lorne Cook. SENT: 570 words, photos.
EUROPE-ECONOMY — Economic growth across the 19-country eurozone is set to slow down further in coming years and become increasingly reliant on domestic factors like consumer spending, the European Union said Thursday. By Pan Pylas. SENT: 640 words, photos.
CHINA-TRADE — Growth in Chinese exports to the United States ticked up in October as traders rushed to beat a new tariff hike in a battle over Beijing’s technology policy. By Joe McDonald. SENT: 690 words, photos.
CHINA-STOCK MARKET BLUES — Retired salesman and day trader Lu Yushan has one piece of advice for younger small investors: cash out before they get hurt.
CHINA-AUSTRALIA — Foreign Minister Marie Payne says Australia’s rejection of a Chinese bid to take over an energy infrastructure company does not indicate a change in the country’s openness to doing business with China. By Christopher Bodeen. SENT: 640 words, photos.
NKOREA-DIAMOND MOUNTAIN — Returning to Diamond Mountain: As North Korean leader Kim Jong Un slow walks his nuclear talks with Washington, his wooing of South Korean investment lays bare a strategic rift. By Eric Talmadge. SENT: 1,250 words, photos.
NETHERLANDS-MODERN SLAVERY — A North Korean worker who claims he is a victim of modern slavery in a Polish shipyard has filed a criminal complaint against a Dutch shipbuilder that bought products from the Polish firm, an activist group said. By Mike Corder. SENT: 400 words.