Nightly Business Report — October 30, 2014

Tonight on Nightly Business Report, did Apple CEO Tim Cook just change the business world as the first openly gay Fortune 500 chief executive? And, why did Citigroup make a big revision to its third quarter earnings?


Today’s stock stories: SBUX, LNKD, CI, NYT, AVP, BOOT, FSAM & TRLA.

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San Francisco is arguably one of the hottest real estate markets in the nation. Fueled by the technology economy, it has a limited supply of homes for sale, which has resulted in fierce competition and sky-high home prices. Rents also have grown in tandem. “Have things cooled down a little bit? Yes. However, the properties …

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Trader on the floor of the New York Stock Exchange.

There are basically two main uses for surplus corporate cash. One is reinvestment in the business, like building new factories, hiring more workers, and spending on research and development. The other is to return money to shareholders, either through dividend payments or stock buyback programs. These days, it’s become more difficult for some investors to …


Yesterday, the Fed upgraded its outlook for the U.S. economy and said it could hike rates sooner, depending on how closely the economic data improves. That’s why everyone was watching today’s first look at Q3 GDP. The headline number was stronger than expected at 3.5 percent. But below the hood, business and real estate investment …

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The super-rich club has become less exclusive, with the amount of billionaires doubling since the financial crisis, according to a report from global charity Oxfam. There were 1,645 billionaires globally as of March 2014, according to Forbes data cited in the Oxfam report, up from 793 in March 2009. Oxfam honed in on this figure …

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Crafting a good estate plan depends on many things. For instance, it can depend on the size and complexity of your assets, or what you want to leave to your heirs or charity. Additionally, any changes in your family circumstances or even changes to the estate-tax laws can have big implications for a trust. The …


Apple CEO Tim Cook on Thursday said in an op-ed in Bloomberg Businessweek that “I’m proud to be gay,” addressing rumors about his sexual orientation. “While I have never denied my sexuality, I haven’t publicly acknowledged it either, until now,” he said in his commentary. “So let me be clear: I’m proud to be gay, and …

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A person prepares use the Google search engine.

When Google Capital, an equity fund backed by the Internet search behemoth, announced last spring that it would sink $50 million into, housing watchers were left scratching their heads. What would Google want with an online real estate auction company? The answer is now clear: Data. And it goes both ways. is launching a …

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Small business owner

As the Federal Reserve wraps up its two-day meeting and investors search for clues about future interest rates, one business group won’t be on the edge of its seats: Main Street businesses. Low interest rates and an improving overall economy, on the surface, should lure businesses to borrow and spend. But gains in new jobs …

Facebook and Twitter face similar challenges

Twitter and Facebook are two very different businesses, but they’re both struggling with some of the same issues.

Fed ends QE: what’s next for housing?

What happens to the housing market now that the Federal Reserve’s stimulus program is over?

Did quantitative easing work?

The Federal Reserve ends its bond-buying program, but did the historic move to stimulate the economy work?

Federal Reserve ends stimulus program

The Federal Reserve ended its bond-buying program, upgraded its assessment of the economy and pledged to keep interest rates low for a considerable time.

NBR Thum

Tonight: The Federal Reserve ends its bond-buying program, but did the historic move to stimulate the economy work?