Business News

Early gains fade as US stocks veer lower in…

Losses by industrials and energy companies are helping pull U.S. stocks lower in afternoon trading

GOP Looks to Avert Shutdown After Trump Rejects…

Jan.16 -- Republican leaders in Congress are angling for another short-term funding measure to avert a government shutdown at the end of this week. Bloomberg's Sahil Kapur reports on "Bloomberg Markets: Balance of Power."

Watch: Meet This New ETF Tracking Blockchain…

There's a new exchange traded fund tracking companies involved in the blockchain space, the sizzling hot technology behind bitcoin. The Reality Shares Nasdaq NexGen Economy ETV (BLCN) features companies like IBM, Nasdaq , Overstock and Accenture . Eric Ervin, CEO of Reality Shares, the firm behind the ETF, said the fund's name was initially going to include "blockchain," but the SEC raised concerns, given the hype surrounding blockchain and bitcoin. More From TheStreet: Video: Here's How a Crash in Bitcoin Price Could Tank the Stock Market Watch: Bitcoin Prices Are Headed to Near 0.00, Peter Schiff Says Video: How to Play Bitcoin & Cryptocurrencies in 2018 Forget KODAKCoin: Check Out 5 of the Weirdest Cryptocurrencies

Who will buy Tesla?

The North American International Auto Show is underway in Detroit. Yahoo Finance's Rick Newman reports on the buzz at the show around Tesla.

Global stocks advance as investors look ahead to…

Global stocks mostly higher following U.S. holiday as investors look ahead to American corporate earnings reports

McDonald's Pledges to Use All Sustainable…

Jan.16 -- Francesca Debiase, McDonald's Corp.'s supply chain and sustainability officer, discusses the fast food chain's recycling efforts with Bloomberg's Vonnie Quinn on "Bloomberg Markets: European Close."

Video: Jim Cramer on Blackrock CEO Larry Fink's…

Blackrock CEO Larry Fink is urging corporate America to take more efforts to serve communities, rather than solely focus on profits. Want more exclusive investing insight from Jim Cramer? Get 24/7 access to Jim's charitable trust portfolio with a free trial to Action Alerts PLUS!

Motor City goes driverless

Detroit Motor Show: Autonomous vehicles move centre stage

Asian stock markets edge higher; US dollar falls against yen

Asian stock markets gain in carry over from strong Wall Street finish

Jim O'Neill Calls Davos 'One of the Best Reverse…

Jan.16 -- Former U.K. Commercial Secretary to the Treasury Jim O'Neill previews the World Economic Forum in Davos, Switzerland, on "Bloomberg Surveillance."

How Will the Mayor's 'Safe Art Space' Task Force…

Baltimore Mayor Catherine Pugh's task force, formed last December, hopes to revive an old Black arts and entertainment district

NYSE Trader: "It's An Amazing Run We're Having"

The Dow Jones Industrial Average briefly passed 26,000 Tuesday morning for the first time in the history of the index. Traders on the floor of the New York Stock Exchange say markets are reacting positively to company earnings. (Jan. 16)

Mueller Said to Have Subpoenaed Steve Bannon: NYT

Jan.16 -- Steve Bannon, a former top aide to President Trump, is said to have been subpoenaed last week by Special Counsel Robert Mueller to testify before a grand jury as part of the ongoing Russia probe. Bloomberg's Kevin Cirilli reports on "Bloomberg Markets."

Maryland Bill Calls For 100% Renewable Energy by…

Delegate Shane Robinson, the lead sponsor of the bill, says it would set an important example nationally and internationally

GE to take $11 bln hit in Q4

General Electric shares fell after the company said it will take a $11 billion charge in fourth quarter for tax changes and its insurance portfolio. Aleksandra Michalska reports.

Jim O'Neill Sees Pound Heading Back to 1.50…

Jan.16 -- Former U.K. Commercial Secretary to the Treasury Jim O'Neill discusses the outlook for the pound with Bloomberg's Tom Keene on "Bloomberg Surveillance."

Tax overhaul will have real-world impact

Citi voes to close wage gap

Citigroup says it will close wage gap for women and minorities. Yahoo Finance's Seana Smith, Myles Udland and Dion Rabouin discuss.

Dow Jones Hits 26,000, S&P Cracks 2,800

Jan.16 -- Barbara Reinhard, Voya Investment Management head of asset allocation, discusses records being set by the Dow Jones and S&P 500 Index. She speaks with Bloomberg's Vonnie Quinn on "Bloomberg Markets."

LOS Enhancements, Advancements

Why more earnings reports will be wiped out by…

Alan Valdes of Silverbear Capital joins Yahoo Finance's Seana Smith from the floor of the New York Stock Exchange to discuss why Citigroup's earnings report was wiped out by a $22B tax charge.

General Electric Takes $6 Billion Charge on…

Jan.16 -- David Kotok, chairman and chief investment officer at Cumberland Advisors, and Michael Purves, chief global strategist at Weeden & Co., discuss the latest troubles for General Electric. They talk with Bloomberg's Jonathan Ferro on "Bloomberg Daybreak: Americas."

Supermarket Iceland vows to ditch plastic from…

The supermarket has developed paper and pulp alternatives for 1,000 of its lines and plans to remove plastic from its own brands.

Citigroup 4Q Fixed Income Revenue Tops Estimates

Jan.16 -- Citigroup Inc. reported fourth-quarter results that saw the bank take a $22 billion charge related to the tax bill as fixed income markets revenue came in stronger than expected. Bloomberg Intelligence's Alison Williams examines the numbers on "Bloomberg Daybreak: Americas."