Congress just found more than $100 billion in extra cash in its Paycheck Protection Program and one Republican senator already has an idea how to spend it: fix up businesses damaged by the riots sparked by the killing of George Floyd by Minneapolis police. Sen. John Kennedy, a Louisiana Republican,Read More →
Dear Moneyist, My youngest sister persuaded my father to sell his home and buy her a property with two residences: a small town house for him and a nice four-bedroom house for her and her family. My father recently passed away. We discovered that our sister’s mother-in-law is an attorney.Read More →
Bloomberg News/Landov Ben Bernanke, former chairman of the Federal Reserve, spoke to the American Economic Association annual meeting. SAN DIEGO — The Federal Reserve has all the tools it needs to fight the next recession, its former chairman Ben Bernanke said Saturday. A former economics professor at Princeton University, BernankeRead More →
There’s a road map for rapid and comprehensive U.S. emissions reductions by states, cities and businesses that eliminates outright reliance on the federal government to keep the country in the global race to curb man-made climate effects, according to a new report, Accelerating America’s Pledge. However, action at the nationalRead More →
Three chip rivals — Advanced Micro Devices Inc., Intel Corp. and Nvidia Corp. — are rolling out new products in an increasingly competitive battlefield to speed up the fastest computers on earth. Nvidia NVDA, +3.96% pioneered the use of graphics-processing units, or GPUs, in the server market, where theyRead More →
By David Shepardson WASHINGTON (Reuters) – California said on Monday it will halt all purchases of new vehicles for state government fleets from GM, Toyota and Fiat Chrysler and other automakers backing President Donald Trump in a battle to strip the state of authority to regulate tailpipe emissions. Between 2016Read More →
Drake wants to trademark the Canadian warning label for weed in the U.S., but he may be in for a fight with his native country. Through his Dream Crew company, Drake is seeking a trademark application for a red “stop sign” displaying a cannabis leaf and the letters THC, accordingRead More →
A three-year supply of Suboxone, a drug combatting opioid dependency, to two Ohio counties is one part of a $260-million settlement that drug distributors and a drugmaker reached this week to avert charges that companies enabled the opioid crisis. A 10-year national supply of the drug is just one partRead More →
© Reuters. FILE PHOTO: A plastic bottle drifts on the waves of the sea at a fishing port in Isumi By Eric Onstad LONDON (Reuters) – Global bottled water giants are ramping up trials of easily recyclable aluminum cans to replace plastic that pollutes the world’s seas. Sound like aRead More →
Many consumers will take climate change into account when making their holiday purchases this year, opting for slower shipping options or in-store pickup, which have less environmental impact than expedited shipping, according to data from Accenture’s annual holiday shopping survey. Accenture ACN, +0.52% and Coleman Parkes Research surveyed 1,500Read More →
There has been a persistent but largely uneventful conversation about climate change over the last several years. But in 2019, we may finally be seeing the beginning of real action. Democrats in the U.S. House of Representatives introduced a “Green New Deal” last spring. While it was voted down, allRead More →
‘In politics there are so many issues, sometimes boring. On tackling such a big-scale issue like climate change, it’s got to be fun, it’s got to be cool. It’s got to be sexy too.’ Shinjiro Koizumi With the United Nations kicking off a conference that will include attention on theRead More →
© Reuters. Investing.com – A strong opening stock rally Thursday faded in the afternoon in part because of worries about the upcoming U.S.-China trade talks. The concern was prompted when Michael Pillsbury, a prominent adviser to President Donald Trump, told the South China Morning Post that Trump on Chinese importsRead More →
© Reuters. A Federal Express delivery truck is shown in downtown Los Angeles By Lisa Baertlein and Ankit Ajmera (Reuters) – FedEx Corp (N:), United Parcel Service Inc (N:) and the U.S. Postal Service said on Friday they are already working to stop traffickers from using their services after U.S.Read More →
© Reuters. Investing.com – U.S. stocks suffered their worst one-day losses since early December after a trade war between the United States and China abruptly worsened. The selloff saw the lose nearly 1,000 points intraday before late-day buying kicked in and limited the losses. Still, the closed down 2.9%. TheRead More →
Qualcomm Inc. is getting hurt by the U.S.-China trade war, just as the world’s biggest economies move to the next generation of cell-phone-network technology. Qualcomm QCOM, -2.21% gave a disappointing outlook for its fourth quarter Wednesday, with much of the disappointment coming from two big issues related to China: tradeRead More →
Amid warnings that the U.S. government could run out of money to pay its bills sooner than expected, analysts are predicting lots of posturing in Washington in the days and weeks ahead — and therefore potentially choppy markets. The Bipartisan Policy Center on Monday estimated the Treasury could hit itsRead More →
There goes the “hope” premium. Stock-market investors spent the first four months of 2019 penciling in an easy resolution to a U.S.-China trade tiff. Things have changed. “While we, like most investors, are hopeful that a trade deal gets done sooner rather than later, we don’t think hoping for theRead More →
Walmart store. Source: Fortune Earlier this month Walmart (WMT) delivered an earnings beat, yet missed on revenue. The stock is up by single-digits post-earnings. Walmart and other traditional retailers have been trying to beat back an Amazon (AMZN) threat for several years. I assumed the company was too stuck inRead More →
MarketWatch rounds up 10 of its most interesting topics over the past week. 1. Uber’s big belly-flop Uber Technologies UBER, -7.62% fell below its offering price in the initial minutes of its hyped stock-market debut. The car-share company priced its shares at $45 a share and expects to raise atRead More →
Rising U.S.-China trade tensions rattled global markets this week, and prompted one major wealth manager to make a shift in its U.S. portfolios in a bid to reduce risk exposure. In a late Thursday note, Mark Haefele, chief investment officer for UBS Global Wealth Management, said the firm was droppingRead More →
Reuters Pete Buttigieg speaks at the 2019 National Action Network National Convention in New York on April 4. Pete Buttigieg took a dig at fellow 2020 candidate Sen. Bernie Sanders’ supporters, the Washington Examiner reports, drawing parallels between them and fans of President Donald Trump during a campaign stop inRead More →
As Tesla Inc. discusses potential ramifications for Chief Executive Elon Musk’s actions with the Securities and Exchange Commission, it disclosed a dramatic change to its board of directors late on Good Friday. In a proxy filing with the SEC, Tesla TSLA, +0.75% said that four independent directors will step down.Read More →
© Reuters. Proxy firms Glass Lewis, ISS back Allergan in fight against Appaloosa (Reuters) – Allergan (NYSE:) Plc said on Monday that proxy advisory firms Institutional Shareholder Services Inc and Glass Lewis & Co had urged its shareholders to vote against hedge fund Appaloosa LP’s proposal to immediately separate theRead More →
© Reuters. Bird flies near ING Bank Slaski logo seen on their building in Warsaw AMSTERDAM (Reuters) – The Italian central bank on Saturday said Dutch lender ING is not allowed to take on new customers in Italy as long as it has not improved its monitoring of client behavior.Read More →
