Stocks, currencies fall after Fed’s Yellen signals rate hikes

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EMERGING MARKETS-Stocks, currencies fall after Fed’s Yellen signals rate hikes

Reuters
LONDON Jan 19 Emerging market stocks fell on Thursday and currencies struggled to make much headway after U.S. Federal Reserve chair Janet Yellen said interest rates should rise steadily, boosting the dollar.

FULL TEXT: May’s speech to the 2017 World Economic Forum

Business Insider
This is an organisation that is, as it says in the very first line of your Mission Statement, committed to “improving the state of the world”.

Here’s Why Netflix’s Share Price Just Hit a New All-Time High

Fortune
Investors expecting a strong fourth-quarter earnings report from Netflix got even more than they bargained for on Wednesday. Netflix’s share price climbed well past its all-time high in after-hours trading after the company reported its biggest

Overnight Regulation: Leading student loan provider sued by CFPB

The Hill
Welcome to Overnight Regulation, your daily rundown of news from the federal agencies, Capitol Hill, the courts and beyond. It’s Wednesday evening here in Washington where Inauguration Day preparations are well underway.

Five things to watch for in Mnuchin hearing

The Hill
The confirmation hearing on Thursday for Steven Mnuchin, President-elect Donald Trump · Donald TrumpDemocrats opposition to Trump will extend well beyond the boycott Trump team prepares dramatic cuts GOP recruitment goal: More women on ticket …

Ex-Democrat Wilbur Ross Makes Some Republicans Nervous At Confirmation Hearing

NPR
Unlike many other Trump nominees Wilbur Ross makes some Republicans nervous, and has common ground with some Democrats. In fact, the Commerce Secretary nominee was once a Democrat himself.

Can Lockheed Martin (LMT) Pull a Surprise in Q4 Earnings?

Zacks.com
Pentagon’s largest defense contractor, Lockheed Martin Corporation (LMT – Free Report) is set to release fourth-quarter 2016 results on Jan 24, before the opening bell.

Davos: China’s Alibaba Strikes Strategic Partnership With Olympic Games Organizers

Variety
Chinese e-commerce giant, Alibaba has struck a strategic partnership with the International Olympic Committee, organizer of the Olympic Games.

Lowe’s announces nearly 2400 layoffs for full-time workers

CNBC
A Lowe’s employee walks through the store during the grand opening of the Lowe’s store in San Francisco, California. North Carolina-based home improvement retailer Lowe’s says it’s told approximately 2,400 full-time workers that they will be laid off.

As ECB Meets, Monetary Policy Faces Complications Worldwide

New York Times
Mario Draghi, the president of the European Central Bank, is scheduled to address questions from reporters on Thursday, when the bank meets to discuss issues including inflation and European unity.

JPMorgan Hit With Pair of Bias Claims in Obama’s Final Hours

Bloomberg
The Obama administration took two last-minute swipes at JPMorgan Chase & Co., accusing the lender in separate lawsuits of discriminating against minorities in home lending and against its own female employees by paying them less than their male …

American latest to add ‘Basic Economy,’ carry-on restrictions

USA TODAY
American has formally introduced its long-expected Basic Economy fare class, saying the fare type will first go up for sale this February in 10 “select markets.

Wall Street Meets May in Davos as Banks Plan Own Brexit

Bloomberg
U.K. Prime Minister Theresa May may find a skeptical audience when she meets the leaders of the global finance industry on Thursday as they push ahead with their own plans for Brexit.

Safran to Buy Zodiac for $10 Billion in All-French Aero Deal

Bloomberg
Aircraft-engine maker Safran SA agreed to buy plane-seat supplier Zodiac Aerospace SA for almost 10 billion euros ($10.5 billion) in an all-French deal that will unite two of the country’s biggest aerospace groups.

Mallinckrodt to pay $100 million to settle FTC, state charges on antitrust violations

CNBC
The drugmaker Mallinckrodt has agreed to pay $100 million to settle Federal Trade Commission and state charges that the company and its Questcor division violated antitrust laws after Questcor purchased rights to a drug that “threatened its monopoly in

Nikkei rises despite Toshiba’s dive, as Asian markets hold steady

MarketWatch
Toshiba Corp. tumbled 24% following a report that losses at the firm’s nuclear-power business could exceed ¥500 billion. By. EseErheriene.

Goldman Exodus Isn’t Just About Trump

Bloomberg
Goldman Sachs Group Inc. slimmed down in 2016 — and not just because the Trump administration was recruiting. About Face. After three consecutive years of adding staff, Goldman cut its headcount by 7 percent last year …

Trump accuses NBC News of spreading fake news

Politico
President-elect Donald Trump said Wednesday that NBC News is not giving him the credit he deserves for job-creation announcements from major U.S.

Business euphoria over Trump gives way to caution, confusion

Business Insider
WASHINGTON (Reuters) – Early optimism among business lobbyists and executives that Donald Trump’s election heralded better days has slowly given way to uncertainty as the president-elect fires off mixed and sometimes confusing messages on …

Railroad Vet Teams With Activist to Target CSX

TheStreet.com
Shares of the railroad climbed more than 12% in after-hours trading following reports that the former CEO of Canadian Pacific was teaming with activists to shake up the company.

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