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Boston Herald / Business

Today News

19

US stock indexes mostly higher in early trade; oil falls

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U.S. stocks edged mostly higher in early trading Tuesday as investors sized up the latest company earnings and deal news. Gains by banks and health care companies outweighed losses among technology companies. Energy stocks also declined as…

Banks lead US stock indexes mostly higher in afternoon trade

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Banks led U.S. stocks mostly higher in late-afternoon trading Tuesday as the Federal Reserve met to discuss interest rates and the economy. The central bank was expected to raise interest rates for the third time this year on Wednesday.…

17

Ex-CFO of 'Soup Nazi' inspired company admits to tax evasion

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NEW YORK — The former chief financial officer for a company licensing recipes from the real-life chef who inspired the "Soup Nazi" character on "Seinfeld" has admitted to tax evasion.

US wholesale prices up 0.4 percent in November

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WASHINGTON — Prices at the wholesale level rose 0.4 percent in November and 3.1 percent over the past year. It was the biggest annual jump in nearly six years and reflected a big spike in the price of gasoline and other energy products.

15

Nintendo Switch has sold 10 million units to date

Nintendo is boasting that its Switch hybrid console has sold 10 million units worldwide in the first 10 months of release, helped by Black Friday promotions.

07

Skeptics calling for transparency on ‘Smart City’ sensors

City officials want to give startups the ability to place sensors on Boston streets as part of high-tech “civic experimentation,” but the ACLU wants to make sure any plans to gather personal information are completely transparent.

The Ticker

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Bitcoin futures leap 20 percent amid frenzy

GOP officials: Retailer lied about Utah land

WASHINGTON — Interior Secretary Ryan Zinke and House Republicans have escalated their feud with Patagonia after the outdoor retailer told Americans that President Trump “stole your land” in his move to shrink two sprawling Utah national…

Apple’s beat goes on, buys Shazam for about $400M

Apple has taken another step into show business, buying the music-recognition service Shazam, Variety reported.

Group mulls how to get your marijuana

The Cannabis Control Commission is working toward industry regulations that would give consumers more options for how they obtain marijuana and where they will be able to use it.

Business groups fight ’18 ballot question

Business groups fighting to block the so-called millionaire tax from next year’s statewide ballot say the proposed constitutional amendment is “truly radical” and should not go to the voters, according to a brief filed with the state’s…

Monday, Dec 11

00

US stocks close modestly higher; S&P 500, Dow hit new highs

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Technology companies led U.S. stocks modestly higher Monday, driving the market to another set of milestones.

23

Polish media regulator fines US-owned news channel $420,000

WARSAW, Poland — Poland's media regulator fined a private news channel nearly 1.5 million zlotys ($420,000) Monday for what it alleged was unfair reporting during a political crisis last year, but some saw the penalty as an attack on press…

Apple orchestrates deal for song-recognition app Shazam

SAN FRANCISCO — Apple has bought Shazam, the maker of a song-recognition app that Apple's digital assistant Siri has already been using to help people identify the music playing on their iPhones.

21

Massachusetts gas prices up by a penny, expected to fall

BOSTON — Massachusetts gas prices are up by a penny this week, but drivers can expect prices to fall this holiday season.

Soon you can watch the NFL free on your phone on Yahoo

NEW YORK — Watching NFL football games on your phone used to be mainly limited to Verizon customers. Soon anyone will be able to watch football games on the go for free on Yahoo's app, now that Verizon owns Yahoo.

19

Bitcoin futures soar amid frenzy over virtual currency

NEW YORK — Wall Street got its first taste of bitcoin on Monday, with the price of the first-ever futures contract for the digital currency jumping 20 percent.

18

US job openings slip in October, but hiring increased

WASHINGTON — U.S. employers posted slightly fewer job openings in October than the previous month, but the number of people being hired improved.

US stocks edge higher in afternoon trading; oil prices rise

Technology companies led U.S. stocks modestly higher in late-afternoon trading Monday. Health care companies also helped lift the market, outweighing losses among industrial firms, banks and makers of packaged foods and other consumer…

The Latest: Bitcoin futures soar in debut on major exchange

CHICAGO — The Latest on the debut of bitcoin futures trading (all times local):; 9:15 a.m; So far, bitcoin is a hit on Wall Street. The first-ever futures contracts for the virtual currency bitcoin started trading Sunday and the price…

16

Talk of a bubble intensifies as price of bitcoin soars

The price of bitcoin has been soaring this year, and last week alone it jumped from $11,000 to well over $17,000, according to Coindesk. It started the year below $1,000.

15

Global stocks mostly rise on economic growth hopes

TOKYO — Stock markets are mostly higher on Monday as upbeat U.S. jobs data from last week and signs of progress in the Brexit talks continued to support investor sentiment.

14

Asian investors embrace bitcoin, but regulators are wary

HONG KONG — The weekend launch of a U.S. futures contract for bitcoin reflects widespread acceptance of the virtual currency, especially among investors in Asia, though regulators are wary.

12

The Latest: Bitcoin futures soar then settle after debut

CHICAGO — The Latest on the debut of bitcoin futures trading (all times local):; 03:40 a.m. Bitcoin futures have fallen back slightly from their overnight high.

Global shares advance following encouraging US jobs report

TOKYO — Share prices are mostly higher in Europe and Asia on Monday, lifted by encouraging employment data from the U.S. that took the Standard & Poor's 500 index to its third straight weekly gain on Friday despite weakness earlier in the…

01

Asian shares fall back as investors show caution over China

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TOKYO — Shares were mostly lower in Asia on Tuesday as investors stepped back after several days of advances, erasing early gains. Markets are awaiting the Federal Reserve meeting on Wednesday and the outcome of a major Chinese planning…

The Latest: Bitcoin futures end 1st day 20 pct higher

www.bostonherald.com

CHICAGO — The Latest on the debut of bitcoin futures trading (all times local):; 3:50 p.m. The first-ever futures contract for the digital currency bitcoin closed Monday at $18,545, ending its initial day of trading with a 20 percent gain.

Sunday, Dec 10

23

Bitcoin futures set to begin trading later Sunday

www.bostonherald.com

A security based on bitcoin, the digital currency that has exploded in popularly and volatility this year, will begin trading on a major U.S. exchange for the first time on Sunday.

21

Women say sexual misconduct common in hospitality industry

CHICAGO — One woman recalls how a general manager at a Chicago-area restaurant where she worked told her that if security cameras recorded him reaching between her legs and grabbing her genitals he could simply "edit that out."

17

In hospitality industry, sexual misconduct often part of job

CHICAGO — Allegations of sexual misconduct against famous figures and politicians are getting all the headlines but in restaurants, bars and hotels across the country, women are routinely subjected to the same kind of abuse.