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  • Toys R Us’ status as the most important toy store in town left it cavalier, if cocky at times, according to conversations with former employees, executives and industry insiders, who spoke to CNBC on the condition of anonymity. The story begins with Lazarus, the store’s visionary who wanted the “R” written backward — an ode to childlike scrawl. Lazarus, who has been described as one of the great merchants of his time, expanded a baby furniture store he owned into a toy store. In its heyday in th
    Toys R Us built a kingdom and the world's biggest toy store. Then, they lost it.

  • cnbc wrote a new post, (no title), on the site US Stock Info 10 hours, 12 minutes ago

    British Prime Minister Theresa May will face a vote of no-confidence from members of her own Conservative party on Wednesday. The threshold of support needed to trigger a no-confidence vote in the prime minister was reached Tuesday evening, according to Graham Brady, chairman of the Conservative Party’s ‘1922 Committee’, a group of influential backbench members of parliament (MPs). The vote was triggered after 15 percent of the Conservative parliamentary party submitted letters to Brady over rec
    UK prime minister to face no-confidence vote as Brexit hangs in the balance

  • cnbc wrote a new post, (no title), on the site US Stock Info 10 hours, 12 minutes ago

    The dollar held near a one-month high against its peers on Wednesday, supported by a rebound in U.S. yields and weakness of the pound as its battering from uncertainty about Brexit continued. The greenback was lifted as long-term U.S. Treasury yields bounced from three-month lows. “In addition to higher Treasury yields, the weakening pound is providing a key boost to the dollar,” said Yukio Ishizuki, senior forex strategist at Daiwa Securities in Tokyo. The dollar was a shade higher against the
    Dollar near 1-month high on bounce in US yields, weak pound

  • cnbc wrote a new post, (no title), on the site US Stock Info 10 hours, 12 minutes ago

    Oil prices climbed by more than 1 percent on Wednesday, lifted by expectations that an OPEC-led supply cut announced last week for 2019 would stabilise markets as well as hopes that long-running Sino-American trade tensions could ease. Disruptions to Libyan oil exports after local militia seized the country’s biggest oil field, El Sharara, were also buoying prices, traders said. “OPEC production curbs will stabilise the market,” ANZ bank said on Wednesday. Undermining the supply cuts is soaring
    Oil rises more than 1 percent on OPEC-led supply cuts, trade talk hopes

  • cnbc wrote a new post, (no title), on the site US Stock Info 10 hours, 12 minutes ago

    Gold prices were steady early on Wednesday, supported by expectations of fewer rate hikes by the U.S. Federal Reserve next year, while palladium traded at a premium to gold. Spot gold inched up 0.1 percent to $1,244.40 per ounce, as of 0115 GMT. U.S. gold futures rose 0.2 percent to $1,249.9 per ounce. Asian stock markets edged ahead as U.S. President Donald trump sounded upbeat about a trade deal with China. SPDR Gold Trust, the world’s largest gold-backed exchange-traded fund, said its holding
    Gold holds firm on easing rate hike expectations

  • cnbc wrote a new post, (no title), on the site US Stock Info 10 hours, 12 minutes ago

    Asia stocks closed in positive territory on Wednesday after various news reports pointed to an easing in tensions between the U.S. and China. Japanese stocks led gains in the region: The Nikkei 225 closed 2.15 percent higher at 21,602.75 points, while the Topix index ended the day 1.99 percent higher at 1,606.61 points. Yamaha Motor surged 4.18 percent, Mitsubishi Motor jumped 2.90 percent, while Toyota inched up 2.22 percent. Over in South Korea, stocks were also higher with the Kospi gaining 1
    Asia stocks higher on news of possible easing in US-China tensions

  • cnbc wrote a new post, (no title), on the site US Stock Info 10 hours, 12 minutes ago

    Market focus is largely attuned to global trade developments, after Trump confirmed talks between Washington and Beijing were still ongoing. In an interview with Reuters on Tuesday, Trump also said he would intervene in the Justice Department’s case against a top executive at Chinese telecoms giant Huawei if it would help serve national security interests or help U.S.-Sino trade talks. It comes as the backlash against May’s leadership grows while she tries to salvage her Brexit deal. The vote is
    European markets climb higher; British PM set to face leadership challenge; Colruyt shares jump 8%

  • cnbc wrote a new post, (no title), on the site US Stock Info 1 day, 10 hours ago

    Tech regulations must happen at the federal level, says Nextdoor CEO19 Hours AgoSarah Friar, CEO of Nextdoor and former CFO of Square, joins ‘Squawk Box’ to discuss the challenges facing the technology industry including user privacy, antitrust regulation and consumer trust.
    Tech regulations must happen at the federal level, says Nextdoor CEO

  • cnbc wrote a new post, (no title), on the site US Stock Info 1 day, 10 hours ago

    A person dressed as the mustachioed character from the popular game Monopoly was back in congress on Tuesday for Google CEO Sundar Pichai’s hearing in front of the House Judiciary Committee. The self-dubbed Monopoly Man, identified as Ian Madrigal on social media, first made their debut at the Senate’s Equifax hearings last year. Madrigal, who recently changed their name from Amanda Werner and uses gender neutral pronouns, said in a statement on Twitter that they were holding a “Get-Out-Of-Jail-
    'Monopoly Man' returns to congress for Google CEO Pichai's hearing

  • cnbc wrote a new post, (no title), on the site US Stock Info 1 day, 10 hours ago

    “If things do go in that direction, then I think the business model underlying Google, and companies like Google, will be under a more direct threat,” he said on “Closing Bell.” Pichai testified before the House Judiciary Committee, whose members pressed him on a variety of concerns including data privacy, transparency and Google’s development of a censored search engine in China. Shares of Alphabet had a relatively uneventful day, falling 1.5 percent before climbing to close up nearly 1 percent
    Google must sway Congress on privacy or face 'threat': Cyber expert

  • cnbc wrote a new post, (no title), on the site US Stock Info 1 day, 10 hours ago

    One of the first specific questions about Google’s plans in China came from Rep. Sheila Jackson Lee (D-Tx.) “Right now, we have no plans to launch search in China,” Pichai answered, adding that access to information is “an important human right.” At the hearing, Pichai said that more than 160 million people had checked their Google privacy settings in the last month, but that Google wanted to make it even easier for “average users” to control their data. One of the explicit focuses of the hearin
    Google CEO Sundar Pichai testifies before Congress on bias, privacy

  • cnbc wrote a new post, (no title), on the site US Stock Info 1 day, 10 hours ago

    Britain’s embattled Prime Minister Theresa May has admitted there is still “widespread and deep concern” about the nature of the Irish border post-Brexit, with less than four months to go before the country is scheduled to leave the bloc. Brexit has gripped British society for nearly three years, but the overarching question remains just as clear as when a small but clear majority voted for the world’s fifth-largest economy to leave the EU in June 2016: Can Britain resolve the Irish border row a
    What is the Irish backstop? Here's why it has taken center stage amid chaotic Brexit negotiations

  • cnbc wrote a new post, (no title), on the site US Stock Info 1 day, 10 hours ago

    Google CEO to testify before Congress5 Hours AgoEd Lee, New York Times media reporter, joins ‘Squawk Box’ to discuss what to expect to happen during Google CEO Sundar Pichai’s congressional testimony.
    Google CEO to testify before Congress

  • cnbc wrote a new post, (no title), on the site US Stock Info 1 day, 10 hours ago

    Fintech company Plaid just hit a key Silicon Valley milestone: a multibillion dollar valuation. The start-up announced a $250 million funding round on Tuesday, led by Kleiner Perkins’ partner Mary Meeker, who will also be joining Plaid’s board. The cash injection brings Plaid’s valuation to $2.65 billion, according to a source familiar with the fundraising, who asked not to be named because negotiations were private. This marks a massive increase from Plaid’s previous $44 million Series B round
    Fintech start-up Plaid raises $250 million at $2.7 billion valuation, adds Mary Meeker to board

  • cnbc wrote a new post, (no title), on the site US Stock Info 1 day, 10 hours ago

    The U.S. Senate plans a vote on Yemen this week, and not everyone in Washington is happy about it. Speaking at the UAE security forum in Abu Dhabi, Deputy Assistant Secretary for Gulf Affairs Timothy Lenderking expressed his concern over the Senate vote, which is due this week. The vote represents an unprecedented effort to invoke Congress’s war powers to end U.S. activity that was started under the Obama administration without the authorization of Congress. “We do believe that the support for t
    State Department says planned Senate vote is sending the 'wrong message' on Yemen

  • cnbc wrote a new post, (no title), on the site US Stock Info 1 day, 10 hours ago

    Recent market volatility may have some investors spooked — and perhaps confused, given the otherwise good economic news of late. “The question of whether or not there’s a bear market coming or not is really not the question an investor should be asking,” said Elliot Weissbluth, founder and CEO of HighTower Advisors. “You have to always look at your investment objective and where you want to be over the next few years.” Where you want to be, and not where the market happens to be at today, is key
    Bear market or bull, investors shouldn't make any false moves

  • cnbc wrote a new post, (no title), on the site US Stock Info 1 day, 10 hours ago

    1 risk to markets in 2019? The company tasked with clearing and settlement for the financial markets is warning that “pockets of weakness” are starting to emerge across the financial system. Cybersecurity risk was ranked as the top risk by 37 percent of respondents, and 69 percent ranked it in the top five. Cyber risk has consistently been cited as the top risk since the Depository launched its Systemic Risk Barometer Survey in 2013. Sixty-five percent of European respondents cited Brexit as a t
    Cybersecurity, trade tensions rank as top threats to markets in 2019, survey finds

  • cnbc wrote a new post, (no title), on the site US Stock Info 1 day, 10 hours ago

  • cnbc wrote a new post, (no title), on the site US Stock Info 1 day, 10 hours ago

    Verizon will take a $4.6 billion goodwill impairment charge as the company’s media business fails to meet expectations, according to a regulatory statement filed Tuesday. That program will cost Verizon between $1.8 billion and $2.1 billion in severance charges during the fourth quarter of 2018, according to the filing. Former Oath CEO Tim Armstrong formed the division as a way to combat Google’s and Facebook’s dominance in the digital ad market. Armstrong left the company in September, and in No
    Verizon takes a $4.6 billion charge on Yahoo and AOL as they fail to meet expectations

  • cnbc wrote a new post, (no title), on the site US Stock Info 1 day, 10 hours ago

    Bloomberg News said the proposal would cut the tariffs to 15 percent from 40 percent, citing people familiar with the matter. China raised tariffs on U.S. autos to 40 percent in July in retaliation to U.S. tariffs. A day after President Donald Trump agreed to a 90-day trade truce with China at the G-20 summit, he tweeted that the country had agreed to lower these auto tariffs. But after the tweet, neither the White House nor China verified any such agreement. The White House did not immediately
    China may slash auto tariffs — a huge win for Trump — and auto stocks are moving

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