Here is the latest Business News from CNBC.
The sectors bound to outperform this earnings cycle
As the earnings parade gets underway this week, expectations are low. But that doesn’t mean markets will tumble too.
The next big China buyer is …
There’s a new mantra making the rounds on Wall Street: “Who’s the Chinese buyer we’ve never heard of?,” explains BreakingViews columnist Rob Cox.
Why this may be H&R Block’s last hurrah
Cries for simplifying the tax code pressuring the $20 billion consumer tax prep industry. Here’s who stands to lose the most.
How to create the next killer app
The mastermind behind the popular gaming app Trivia Crack shares his tips for how to come up with the next killer app.
Book publishing is a resilient business: CEO
The e-book business is thriving, despite the competition between digital, print and audible books, according to the boss of Kobo.
Ukraine approves new PM in bid to end reform deadlock
Ukraine’s parliament approved Volodymyr Groysman as prime minister on Thursday in the biggest political shakeup since 2014.
BP’s Dudley faces stormy AGM over $20M pay
BP faced anger from its shareholders on Thursday over CEO Bob Dudley’s pay package amid falling profits and job losses at the oil major.
McDonald’s eyes private equity to buy Asia stores: sources
McDonald’s is targeting private equity firms for its planned sale of 2,800 restaurants in North Asia, people familiar with the matter told Reuters.
We are moving science forward: Sean Parker
Following his announcement to donate $250 million for cancer research, Sean Parker joined CNBC to discuss his initiative.
Senate encryption bill would help feds fight Apple
U.S. courts could soon have the power to order tech companies, like Apple, to help authorities break into encrypted devices.
Facebook’s push to connect people, and robots
Facebook’s efforts to connect people now extends to connect people with businesses as the Facebook Messenger robot is born.
Verizon CEO fires back after being ‘Berned’
Verizon CEO Lowell McAdam responded to Bernie Sanders after the senator supported the strike against the company.
FTSE hits a 2016 high, but it may not last long
European stock markets rallied following positive Chinese data, with the U.K. FTSE hitting a 2016 high, but it may fall back soon.
Valeant CEO to testify before Senate committee
The company’s outgoing CEO will depose before the Senate Special Committee on Aging on April 18, ahead of an April 27 hearing.
Russian jets simulate attack near US destroyer
A U.S. official described the simulated attack pass close to a U.S. guided missile destroyer near Russia as aggressive.
Tesco turnaround gains momentum with sales growth
U.K. supermarket Tesco announced a full-year pre-tax profit of £162 million ($230 million) on Wednesday and said the company was confident that it would continue to “rebuild profitability.”
BuzzFeed’s kitten videos deliver eyeballs, but revenue misses
BuzzFeed missed its revenue target for 2015 and has slashed its internal projections for 2016 by about half, the Financial Times reports.
Music sales growing at fastest rate since 1998
British singers Adele and Ed Sheeran were the top selling recording artists of the year, followed by Taylor Swift, the FT reports.
Wall Street fingerprints are all over this scandal
Some of the Wall Street banks suspected of playing key roles in helping the scandal-riddled Malaysian fund.
A new Uber competitor wants to ban men
Many female Uber and Lyft passengers have filed sexual assault claims against drivers. So this startup is banning men, Vox reports.
On Equal Pay Day, the gap is still too wide
The business case for diversity is clear, says Accenture’s Ellen Shook. So why has the global pay gap been so difficult to dent?
Luxury could be facing a ‘new normal’
The raft of headwinds weighing on luxury means the sector may be forced to embrace a new normal, analysts suggest.
Cramer: Starbucks downgrade OK, but …
Jim Cramer does not mind the latest Starbucks downgrade, but investors should mind the risks of pulling out of the stock.
Want to be your own boss? Do this first
Launch a business from scratch or buy one? Here’s how to tell.
Fitch downgrades Saudi Arabia
Ratings agency Fitch has downgraded Saudi Arabia and kept its outlook on the country as negative.
Chevron CEO: Oil markets will balance
Oil markets will balance as cuts to capital investment by the oil firms lead to a drop in supply, according to the CEO of Chevron.