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U.S. markets news

World's largest money manager to CEOs: You must do good for society
More than 1,000 global CEOs received a letter Tuesday from one of the world's most influential money managers with a pointed message: Simply posting good financial returns is no longer enough.
Larry Fink Talks the Talk But Neglects the Walk  Bloomberg
raceAhead: BlackRock's Laurence Fink Would Like A Word With Your Boss  Fortune
Nasdaq  
More than 20 states are suing the FCC over its net neutrality decision
Twenty-one states, the District of Columbia and several public interest groups filed the first major lawsuits Tuesday to block the repeal of the Federal Communications Commission's net neutrality rules, marking the start of a high-stakes legal battle ...
Democrats search for 51st net neutrality vote  The Hill
21 states sue to keep net neutrality as Senate Democrats reach 50 votes  Reuters
General Electric Company (GE) Capital Charge Is Problematic on Many Levels
Cowen's Gautam Khanna pinpoints "at least" three big concerns arising from General Electric's divested insurance portfolio review massive after-tax charge.
At GE, $6.2 Billion Charge for Finance Unit Hurts CEO's Turnaround Push  New York Times
GE could break itself apart as cash crisis deepens  CNNMoney
Nestle Is Selling Its US Candy Business to Italy's Ferrero
Nestle Butterfinger and Butterfinger Cups are seen on a store shelf, on Jan. 16, 2018 in Miami, Florida. Joe Raedle—Getty Images.
Nestle is selling its US candy business to Ferrero for about $2.8 billion  USA TODAY
Nestle sells Crunch, Nerds and other US brands to Ferrero for $2.8bn  BBC News
Man booted from British Airways flight for wearing all his clothes to avoid ...
There are many approaches to avoid paying a fee for excess luggage when traveling by air these days. You could pack light, cramming all your belongings in an approved carry-on bag.
Passenger wearing 8 pairs of pants, 10 shirts blocked from flying  SFGate
SEE IT: Man claims he was barred from boarding British Airways flight after ...  New York Daily News
Bitcoin Steadies After 26% Slump as Traders Brave Volatility
Bitcoin continues to wobble, trading near $11,000 a day after losing a quarter of its value as traders sought a floor for pricing amid growing concern regulators around the world will move ahead with new rules to restrict the burgeoning cryptocurrency ...
Bitcoin jolted by regulation worries, falls 7 percent on extended selloff  Reuters
Want to Mine Ripple? Think Again  Motley Fool
BitConnect announces shutdown. Owners of BCC cryptocurrency are panicking
Bitconnect issued a token and despite obvious red flags, it soared. Now, it's all coming crashing down. It was hit with cease-and-desist notices from US state regulators for promising +100% annual returns.
BitConnect Closes Exchange as States Warn of Unregulated Sales  Bloomberg
BitConnect Shutters Crypto Exchange Site After Regulator Warnings  CoinDesk
Apple, Amazon, and other tech titans could threaten big banks in one key area
S&P: "We currently do not see competition from tech titans as posing a short-term risk to our bank ratings." But in the longer term banks could face serious competition from the likes of Apple and Google in the payments space, which can account for up ...
Open banking an opportunity for Google, Facebook and other tech giants  The Australian
Bank of Facebook, Apple or Google? Tech giants don't pose a threat to ...  City A.M.
New Seattle airport option for Bay Area travelers
The airport known as Paine Field in Everett, Washington, has mainly been used by the adjacent Boeing aircraft plant, and currently has no commercial airline service (and no passenger terminal or parking).
Alaska Airlines will fly from Everett to 8 West Coast cities  The Daily Herald
Alaska Airlines to offer 13 daily flights to 8 cities from Everett  KOMO News
Dow touches above 26000 points, but stocks end the day down
Declines by industrial and technology companies weighed on U.S. stocks Tuesday, pulling the market back from its latest record highs.
Dow gives up 283-point gain, closes lower, in worrying reversal  CNBC
Dow Jones gives up 26000 as huge rally fades  CBS News