Roku IPO: 5 things to know about the streaming device company
Streaming software and device manufacturer Roku Inc. priced its initial public offering at $14 a share late Wednesday, at the high end of its range.Source: http://www.marketwatch.com/news/story.asp?guid=%7B5F1ECC5A-8F5B-11E7-9800-D762A918DF1A%7D&siteid=rss&rss=1
Key Words: Mark Zuckerberg admits he underestimated impact of fake news on Facebook
Facebook Chief Executive Mark Zuckerberg admitted he underestimated the impact of fake news on his social network during last year’s election, as another divisive Russian-backed ad buy came to light.Source: http://www.marketwatch.com/news/story.asp?guid=%7BFAC31FFE-A3D7-11E7-9C2E-5F86E81714D2%7D&siteid=rss&rss=1
Rex Nutting: Most Americans don’t want — or need — a cut in their federal tax rate
The 60% of families in the middle of the income distribution — those between about $32,000 and about $140,000 — pay an average of just 2.5% of their income in federal income taxes.Source: http://www.marketwatch.com/news/story.asp?guid=%7BBF86F800-A384-11E7-9C2E-5F86E81714D2%7D&siteid=rss&rss=1
The Fed: Fed’s Rosengren backs ‘regular and gradual’ interest-rate hikes
Boston Fed President Eric Rosengren said he would like to see ‘regular and gradual’ interest-rate hikes as insurance against the possibility of an overheated economy.Source: http://www.marketwatch.com/news/story.asp?guid=%7B4CA4CAB6-A3C4-11E7-9BA9-150476A55D7E%7D&siteid=rss&rss=1
The Wall Street Journal: Owners of unfinished South Carolina nuclear plant sell settlement to Citibank for $1.8 billion
The owners of an unfinished nuclear power plant in South Carolina have agreed to sell at a discount their shares of a $2.17 billion settlement with Toshiba Corp., which agreed to cover costs for the project which was canceled over the summer.Source: http://www.marketwatch.com/news/story.asp?guid=%7B5158E70C-A3D0-11E7-9C2E-5F86E81714D2%7D&siteid=rss&rss=1
The Wall Street Journal: With new devices, Amazon shows off fruits of soaring R&D expenses
The e-commerce giant showed off its latest line of devices on Wednesday.Source: http://www.marketwatch.com/news/story.asp?guid=%7B9298BF4C-A3CD-11E7-9C2E-5F86E81714D2%7D&siteid=rss&rss=1
The Wall Street Journal: Ford to develop driverless cars for Lyft
Ford Motor Co. and Lyft Inc. said Wednesday they would develop self-driving vehicles for the ride-hailing service, adding to a growing number of alliances between auto makers and tech companies jockeying for control of the road.Source: http://www.marketwatch.com/news/story.asp?guid=%7BB7125A38-A3CB-11E7-9C2E-5F86E81714D2%7D&siteid=rss&rss=1
Trump Today: Trump Today: President unveils tax-cut plan, calling current code a relic standing in the way of America’s comeback
President Donald Trump unveiled the Republican tax plan, saying it would benefit working men and women and not the wealthy.Source: http://www.marketwatch.com/news/story.asp?guid=%7BD4F3940E-A385-11E7-9BA9-150476A55D7E%7D&siteid=rss&rss=1
Market Snapshot: Dow snaps 4-day losing streak; financials, tax-cut hopes provide lift
U.S. stocks rose on Wednesday, with the Dow industrials ending a four-day losing streak and the small-cap Russell 2000 notching a record close as President Donald Trump and congressional Republicans touted a sweeping tax overhaul.Source: http://www.marketwatch.com/news/story.asp?guid=%7BA188A734-A354-11E7-BDF5-7DD5423393CF%7D&siteid=rss&rss=1
Market Extra: Is Trump’s tax proposal driving the bond market selloff?
A global bond selloff spread from the U.S. to Germany on Wednesday, with analysts and traders pegging the jump in yields, meaning a fall in prices, to rising hopes for tax reform.Source: http://www.marketwatch.com/news/story.asp?guid=%7BD9ED6ABA-A386-11E7-9BA9-150476A55D7E%7D&siteid=rss&rss=1
Source: http://www.marketwatch.com/