Apple’s Tim Cook: No point yelling at China GUANGZHOU, China—Apple Inc. Chief Executive Tim Cook defended his company’s move to pull hundreds of apps from its China store to comply with Beijing’s demands.
Speaking in southern China on Wednesday, Cook said it was important to not be a bystander in the country, Apple’s AAPL, -0.09% second-most important market outside of the U.S. He rejected criticism from some senators and rights groups about his participation in the state-run World Internet Conference in Wuzhen earlier this week.
That event, organized by China’s powerful Cyberspace Administration of China, served as a venue for government officials to promote official views on the internet, in a country where technology and the flow of information are increasingly controlled.
“When you go into a country and participate in a market, you are subject to the laws and regulations of that country,” Cook said at the Fortune Global Forum on Wednesday in Guangzhou.
An expanded version of th..Read More →

Here’s how Uncle Sam could snuff out a Santa rally in stocks MARKETWATCH FRONT PAGE Chatter about how the Republican tax bill may affect corporate earnings is on the rise, and concerns about any fallout are have been weighing on investors. But the end of year rally may get snuffed out by Uncle Sam, says our call of the day. See full story.
18 small-cap stocks that analysts expect to rise at least 50% in 2018 They expect four of them to double in price. By Phil van Doorn. See full story.
This new way to trade bitcoin could kill its rally Futures trading will expand bitcoin market beyond true believers. See full story.
Index funds now are part of an investor’s biggest problem New ETFs and other products encourage stock picking and market timing, writes Mark Hulbert. See full story.
Why it’s OK that the Republican tax cuts will first finance share buybacks Give the tax cuts time, and investment and wages will rise, says Cato Institute’s Ryan Bourne. See full story.

Parents lose an average of $227,000 in lost savings paying for their adult children Leaving the nest doesn’t always mean entering financial independence for kids these days, and parents are paying a high price for it.
Some 80% of parents are covering or have covered basic expenses for their children after they turn 18, which could cost parents $227,000 in lost savings over the course of retirement, a new study from personal finance website NerdWallet found.
It calculated the impact on savings if costs of adult children had been put into a retirement savings account such as a 401(k) or IRA instead.
“As parents, we tend to want to do everything we can to help our children succeed. But sometimes we focus on the present at the expense of the future,” said Andrea Coombes, NerdWallet’s investing expert.
Most adult children live with their parents for more than a year after they turn 18, the survey of 2,000 U.S. adults found, and 3 in 5 parents have a child 18 or older living with them..Read More →

Trump Jr. to face Russia questions on Capitol Hill | Bannon says Romney ‘hid behind’ religion to avoid Vietnam Reuters Donald Trump Jr. is scheduled to be questioned by the House Intelligence Committee on Wednesday. Donald Trump Jr. will be interviewed by the House Intelligence Committee on Wednesday, giving lawmakers an opportunity to question President Trump’s eldest son about any Russian contacts during the presidential campaign.
As ABC News writes, Trump Jr. is of interest to investigators for his controversial June 2016 Trump Tower meeting with a Russian lawyer who was said to have dirt on Hillary Clinton. He is also expected to be questioned Wednesday about his relationship with WikiLeaks, after admitting last month he communicated with representatives of the site.
Bannon rails against Romney: Former White House political strategist Stephen Bannon rallied for Republican Senate nominee Roy Moore by picking a fight with 2012 GOP presidential nominee Mitt Romney on Tuesday night..Read More →

Time magazine names ‘The Silence Breakers’ 2017 person of the year Time magazine named “The Silence Breakers” as its 2017 person of the year on Wednesday, referring to the many individuals who helped expose the prevalence of sexual harassment and gender discrimination in the world of entertainment, technology, the media and other sectors this year.
“The galvanizing actions of the women on our cover, Ashley Judd, Susan Fowler, Adama Iwu, Taylor Swift and Isabel Pascual, along with those of hundreds of others, and of many men as well, have unleashed one of the highest-velocity shifts in our culture since the 1960s,” Time’s editor-in-chief, Edward Felsenthal, said in a statement.
The revelations began with New York Times NYT, +0.53% and New Yorker stories that revealed yearslong sexual attacks on women, including alleged rape, by producer Harvey Weinstein. As more women came forward with stories of assaults in hotel rooms and elsewhere, other predators were named, including actor and ..Read More →

Treasurys see buying ahead of productivity, labor costs data Treasury prices rose, pulling yields lower, on Wednesday ahead of productivity and labor costs data.
What are Treasurys doing?
The 10-year benchmark Treasury yield TMUBMUSD10Y, -1.17% fell to 2.332%, from 2.356% on late Tuesday, while the 30-year bond yield TMUBMUSD30Y, -0.90% ticked town to 2.714%, from 2.732%. The 2-year note yield TMUBMUSD02Y, -1.76% dipped to 1.790%, versus 1.826%.
Bond prices move in the opposite direction of yields.
What’s driving markets?
Bond investors are awaiting key economic data that could help give an early read of the U.S. growth track.
Economists say that productivity is arguably the key long-term driver of a country’s growth prospects and needed to unlock the further wage gains that could give the Federal Reserve the encouragement to raise rates several times in 2018. The central bank has insisted tight labor markets would stoke inflationary pressures and the recent weakness in consu..Read More →