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U.S. markets news

China's fourth-quarter economic growth beats expectations
BEIJING (Reuters) - China's economy grew faster than expected in the fourth quarter from a year earlier, helped by a rebound in the industrial sector, a resilient property market and strong export growth.
China's economy grows by 6.9% in 2017  BBC News
China's Economic Growth Looks Strong. Maybe Too Strong.  New York Times
Wall Street Journal  
Apple, Capitalizing on New Tax Law, Plans to Bring Billions in Cash Back to US
SAN FRANCISCO - Apple, which had long deferred paying taxes on its foreign earnings and had become synonymous with hoarding money overseas, unveiled plans on Wednesday that would bring back the vast majority of the $252 billion in cash that it held ...
Apple to hire 20000, open new campus and pay $38 billion tax bill on ...  USA TODAY
Apple's US Jobs Announcement Comes At An Opportune Time  Fast Company
BofA Profit Feels Tax Sting -- WSJ
This article is being republished as part of our daily reproduction of articles that also appeared in the U.S. print edition of The Wall Street Journal (January 18, 2018).
BofA Has More to Trim to Reach Its $53 Billion Cost Target  Bloomberg
Bank of America Earnings Hurt by Tax-Related Charge  Wall Street Journal
Bitcoin is making a comeback
But the gains seen earlier this morning have solidified in Asian trade, and Bitcoin has now bounced by almost 20% today off its overnight low.
Ripple co-founder loses $44 billion on paper during cryptocurrency crash  CNBC
Cryptocurrency Surge Sent Lawsuit Stake Soaring to $16 Billion  Bloomberg
Alcoa shares slump after fourth quarter results disappoint
Alcoa on Wednesday reported a wider fourth quarter loss, as rising alumina and aluminum prices were offset by one-time charges for restructuring and taxes.
Alcoa Corporation Reports Fourth Quarter and Full-Year 2017 Results  Business Wire (press release)
Alcoa's (AA) CEO Roy Harvey on Q4 2017 Results - Earnings Call Transcript  Seeking Alpha
Early reviews heap praise on Tesla's Model 3, with a few caveats
Early reviews of the Model 3 praise its sleek design, smooth ride and quick acceleration, and mold-breaking interior. Some reviewers were ambivalent about the car's instrument panel, and cited some issues around build quality.
Elon Musk's Empire: The makings of a billionaire  ValueWalk
Elon Musk roundup: Tesla's Model 3 arrives in stores… SpaceX's ...  L.A. Biz
Dumped Cars, EV Dreams: What We Learned at the Detroit Auto Show
The auto industry is undergoing the most upheaval since the advent of Henry Ford's assembly line. The changes were as evident as the meteor and sonic boom that rattled the frigid city of Detroit this week.
Autonomous Cars Loom, but the Detroit Auto Show Goes On  U.S. News & World Report
More SUVs, fewer cars in Ford's future lineup  The Detroit News
Global Shares Mixed as China Reports Strong Growth Data
People are reflected on an electronic stock indicator of a securities firm in Tokyo, Thursday, Jan. 18, 2018. Shares were broadly higher in Asia on Thursday after a rally on Wall Street that took the Dow Jones industrial average to its first close ...
Asian shares close mixed; Nikkei gives up early gains  CNBC
Asia Stocks Mixed, Nikkei Slips Back, China Growth Tops Forecasts  DailyFX
Overworked grid prompts Entergy to order voluntary power conservation
The utility serving much of southeast Texas is requesting its customers to conserve energy between 5 a.m. and 11 a.m. tomorrow due to higher than expected demand for power.
Entergy customers asked to conserve electricity as frigid temperatures linger  KATV
Solar panels: A fight with China that Trump may want to avoid
President Trump has a chance to hurt China on trade this month -- but he could end up hurting U.S. jobs, too. Trump is set to decide before the end of January whether to slap punishing tariffs on foreign imports of solar panels, most of which come from ...
US solar energy industry urges Trump not to impose tariffs on imports  Xinhua
Solar industry makes last-minute plea to Trump  Washington Examiner