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U.S. markets news

Qualcomm Gets $1.2 Billion EU Fine for Apple Chip Payments
Qualcomm Inc. was fined 997 million euros ($1.2 billion) by the European Union for paying Apple Inc. to shun rival chips in its iPhones.
Qualcomm Just Got Fined $1.23 Billion for Illegal Payments to Apple  Fortune
EU slaps $1.23B fine on Qualcomm over LTE chip dominance in the iPhone  TechCrunch
The Verge  
Toys R Us to close 180 stores across the US
Toys R Us is planning to shutter roughly 180 stores across the country, or about one-fifth of its U.S. store fleet. The closures are scheduled to begin in early February and run through mid-April.
Toys R Us plans to close up to 182 stores, three in Kentucky  WHAS
2 Tampa Bay-area Toys R Us stores slated to close  WTSP 10 News
Budweiser falls from top three US beer favorites
The king of beers has officially been dethroned. Budweiser no longer is among the top three best-selling beers in the U.S., according to Beer Marketer's Insights, as people drink less beer or switch to craft brews, wine or spirits.
Budweiser's New Symbol Stands For Every Beer Made With 100% Renewable Energy  Fast Company
Budweiser drops to fourth most popular beer in the US
Senate Confirms Jerome H. Powell as Fed Chairman
WASHINGTON - Jerome H. Powell sailed to Senate confirmation on Tuesday to become the 16th chairman of the Federal Reserve with a final vote of 84 to 13.
Senate confirms Powell for Fed chair, handing Trump's pick enormous ...  Washington Post
Powell Approved by Senate to Succeed Yellen as Fed Chair  Bloomberg
Tesla in Autopilot mode crashes into fire truck
A Tesla Model S crashed into a fire truck while driving down a California highway, according to Culver City, California, firefighters.
US safety board opens investigation into second Tesla Autopilot crash  Los Angeles Times
Feds to investigate Tesla crash driver blamed on Autopilot  CNBC
Trump's failing war on green power
President Donald Trump and Republicans have tried again and again during the past year to turn back the clock on energy - pushing policies that would help fossil fuels stave off advances by solar and wind.
Trump's solar tariffs won't boost the government's bottom line  The Hill
Trump's Solar Tariff Is Bad, But Not a Huge Deal  Bloomberg
Rail worker fired over 'graphic' social media posts: report
Stephanie Katelnikoff says she was fired from her job with Canadian Pacific Railway for what they deemed "inappropriate" social media posts.
Rail worker 'fired for posting racy photos on social media' ...  Evening Standard
Rail conductor involved in Banff crash fired again for racy social media posts  Calgary Herald
GE Misses Fourth-Quarter Earnings Estimates as Power Sales Fall
General Electric Co. fell short of analysts' earnings estimates for the second consecutive quarter as the beleaguered manufacturer continued to grapple with deep problems in its power-equipment and finance operations.
General Electric earnings: 27 cents per share, vs 29 cents EPS expected  CNBC
Inside Amazon Go: The camera-filled convenience store that watches you back
After more than a year of testing with an employee-only focus group, Amazon Go opens to the public Monday in downtown Seattle, putting to the test the online retailer's technology that lets shoppers grab what they want and leave without paying a ...
Amazon sets meeting with Seattle officials in effort to improve relationship ...  GeekWire
The new Amazon Go grocery store could actually be bad for your wallet  CNBC
Millennials: 1 in 6 now have $100000 socked away
Millennials are pushing back against the stereotype that their money management skills are lacking, as 16% now have savings of $100,000 or more, double the amount of young people who had socked away that much in 2015, according to a new Bank of America ...
Millennials Are Getting Their Financial Houses in Order, Despite What They ...  Business Wire (press release)
Wealthy millennials aren't investing their money  Quartz