Cuba gears up for change

Big and small businesses from the U.S. and Cuba are gearing up to compete in a whole new economic marketplace.

Alexei Nikolsky | RIA Novosti | Kremlin | Reuters
Russian President Vladimir Putin at the Kremlin in Moscow, December 17, 2014.

Russian President Vladimir Putin blamed “external factors” for the country’s ongoing economic problems on Thursday, but failed to reassure investors hoping for quick answers, sparking another bumpy day for the ruble. Putin sought to reassure the country that it would overcome its present difficulties and return to economic growth by 2017 by the latest, as …

NBR Thum

Tonight: The Fed-fueled rally intensified sending the Dow Jones Industrial Average up more than 400 points, its biggest gain since November 2011.

Nightly Business Report — December 18, 2014

Tonight on Nightly Business Report, the Fed-fueled rally intensified sending the Dow Jones Industrial Average up more than 400 points, its biggest gain since November 2011. And, a defiant Russian President Vladimir Putin assured his country that the economy will rebound after the currency’s recent steep slide.


Today’s stock stories: DNKN, KRFT, RAD, ACN, WGO & MET.

Rayes | Photodisc | Getty Images

If you make one New Year’s resolution this year, pledge to pay closer attention to your credit card. “Next year is shaping up to be the biggest year for credit card changes since the Credit CARD Act came out and shook things up in 2009,” said Matt Schulz, senior industry analyst for One of …

CNBC's Matt Clinch

The U.S.’s efforts to normalize relations with Cuba could eventually lead to an influx of American imports into the country. But when it comes to automobiles, one country has got there first: China. Cuba has long been known for its 1950s American cars lining its streets, but Havana is now home to a small, but …

Aimin Tang | Getty Images
Philadelphia's city center

Better jobs and higher rents are pushing more young Philadelphians to buy homes in the city’s downtown. With the median home price of $202,700 near the national average, and a new energy to rebuild and rehab downtown neighborhoods, it is no wonder sales are up dramatically. “Millennials are moving into town,” said Mike McCann, a …

George Frey | Bloomberg | Getty Images
A shopper makes a credit card purchase at an H&M store.

Any shopper who’s been to the mall this holiday season has heard the pitch: Do you have one of our store credit cards? If you sign up today, you’ll get an extra 20 percent off your purchase. Plus rewards! Maybe you shouldn’t be so quick to turn a deaf ear to these offers. dug into …

Getty Images

Live in Manhattan? Have an Amazon Prime account? Well, today is your lucky day. Amazon will launch today Prime Now, a one-hour delivery service for a variety of items including batteries, shampoo and even books. The service will be available every day from 6 a.m. until midnight and will launch in “select areas of Manhattan,” …

Brendan McDermid | Reuters
Trader on the floor of the New York Stock Exchange.

Those hoping for a seasonal “Santa rally” in stock markets this year could be disappointed, according to Nomura strategist Bob Janjuah, who warned that the S&P 500 could slump to its October lows in the near term. The widely-watched analyst, who is known for his bearish views, also said in a research note published Wednesday …

Brendan McDermid | Reuters
Trader on the floor of the New York Stock Exchange.

U.S. stocks surged on Thursday, extending Wall Street’s best day of the year, after the Federal Reserve said it would be patient in increasing interest rates and as crude furthered its rise. “With Janet Yellen becoming an oil analyst yesterday by suggesting that the recent price declines in crude oil will be “transitory”, anything with …

Home builders bet on active housing

Home builders are catering to baby boomers by building more active adult communities.

Sony Pictures cancels release of “The Interview”

Sony has decided not to release “The Interview” after hackers threatened they will attack the movie theaters that show the film.


This week the Los Angeles Police Department announced it would spend millions of dollars to outfit all 7,000 patrol officers with body cameras, choosing a system from Taser. The hope is that a camera system will help build trust and provide accountability for officers and the people they encounter. A camera system costs a lot …