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U.S. markets news

Xiaomi, Chinese Phone Maker, Losing Its Global Face as Hugo Barra Exits
Hugo Barra unveiling the Xiaomi Redmi Note 4 phone in New Delhi last week. Unlike China's other major internet players, Xiaomi decided early to expand into markets like India, Myanmar and Brazil.
Struggling Chinese Smartphone Maker Xiaomi Loses Key Exec  Fortune
Hugo Barra is leaving Xiaomi  The Verge
Digital Trends  
Dollar slips, shares wobbly after Trump's protectionist address
People are seen behind an electronic board showing stock prices after the New Year opening ceremony at the Tokyo Stock Exchange (TSE), held to wish for the success of Japan's stock market, in Tokyo, Japan, January 4, 2017.
Dollar tumbles in Asia trade amid fears over Trump trade policy  CNBC
Dollar drops as Trump inauguration speech points to potential trade tensions  MarketWatch
Yahoo Faces SEC Probe Over Data Breaches
U.S. authorities are investigating whether Yahoo Inc.'s two massive data breaches should have been reported sooner to investors, according to people familiar with the matter, in what could prove to be a major test in defining when a company is required ...
SEC probing Yahoo over previously disclosed cyber breach  CNBC
Needham is Worried Verizon (VZ) May Walk Away From Yahoo (YHOO), Fears ...  StreetInsider.com
Kuwait State Oil Company Says Onshore Oil Leak Contained
KUWAIT CITY - Kuwait's national oil company says it has contained an oil leak at one of its southwestern oil fields. Monday's statement by the Kuwait Oil Co.
Kuwait's KOC says working on restarting production from well hit by leak  CNBC
Air quality in, around oil leak area normal - EPA chief  Kuwait News Agency
White House suspends Obama administration's reduction in mortgage insurance ...
The White House on Friday suspended a recent reduction of Federal Housing Administration (FHA) annual mortgage insurance premiums made by the Obama administration.
Obama Cut the Fees Americans Pay for This Popular Mortgage Program ...  Slate Magazine (blog)
Newly inaugurated Trump administration puts mortgage premium cuts on hold  CNBC
OPEC and Friends Agree on Way to Monitor Oil Cut to End Glut
Compliance is great -- it's been really fantastic,” Al-Falih said Sunday. “Based on everything I know, I think it's been one of the best agreements we've had for a long time.
Oil falls as signs of US output rise overshadows OPEC-led cuts  Reuters
Oil prices steady in wake of Saudi comments on supply  MarketWatch
Foxconn considers $7 billion US display factory in cooperation with Apple
Chinese manufacturing giant Foxconn is considering investing $7 billion to build a new factory in the US assembling flat panel screens.
Foxconn's Possible US $7 Billion Display Plant - Yes Transport, Not ...  Forbes
Foxconn CEO says investment for display plant in US would exceed $7 billion  CNBC
JP Morgan sees US telecom sector consolidation, T-Mobile deal
The logo of T-Mobile Austria is seen outside of one of its shops in Vienna, Austria, February 25, 2016. Reuters/Leonhard Foeger/File Photo - RTSRJ3F.
JP Morgan sees a 90% chance of T-Mobile getting bought out within five years  Phone Arena
China's bitcoin exchanges, eyed by regulators, slap on trading fees
FILE PHOTO: A Bitcoin (virtual currency) paper wallet with QR codes and a coin are seen in an illustration picture taken at La Maison du Bitcoin in Paris, France, May 27, 2015.
Bitcoin enticing target for high-speed traders  Arkansas Online
China Bitcoin Exchanges to Impose Trading Fee  Wall Street Journal
Sinkhole opens up in upper Manhattan, nearly swallowing two cars
The street along W. 167th St. near Edgecombe Ave. in Washington Heights cracked open just before 3:30 a.m. due to a possible “water condition,” according to Con-Ed and FDNY officials.
Large Sinkhole Swallows Cars In Washington Heights  CBS Local
Large sinkhole opens on street in Washington Heights  WABC-TV