Chapel Hill, N.C. – We can stop debating whether the stock market has become more disconnected from the economy. True, according to an academic study just completed by Rene Stulz, a professor of banking and monetary economics at The Ohio State University, and Frederik Schlingemann, a professor of financeRead More →
© Reuters. The outbreak of the coronavirus disease (COVID-19) in Rosemead By Bhargav Acharya (Reuters) – Walmart (NYSE:) Inc said on Tuesday it will no longer display the Mississippi state flag, which includes a Confederate flag emblem, in its stores while the state debates whether to make changes to itsRead More →
The United States has been creating military simulations, otherwise known as ‘war games,’ for years now. In fact, the Pentagon and various professional analysts created a permanent war gaming facility for simulations. This week a report indicates that Pentagon officials have purportedly created a war game that involves Generation ZRead More →
© Reuters. FILE PHOTO: Lufthansa planes parked at Berlin Schoenefeld airport, Germany By Holger Hansen, Christoph Steitz and Ilona Wissenbach BERLIN/FRANKFURT (Reuters) – Lufthansa’s management board has accepted a more favourable set of demands from the European Commission in exchange for approval of a 9 billion euro ($10 billion) governmentRead More →
Some high-profile House Democrats, including Rep. Alexandria Ocasio-Cortez, skipped Tuesday night’s State of the Union address to protest President Donald Trump. The New York lawmaker and fellow “Squad” member Rep. Ayanna Pressley of Massachusetts boycotted the speech, along with Rep. Earl Blumenauer of Oregon, Rep. Steve Cohen of Tennessee, Rep.Read More →
Joe Raedle/Getty Images President Donald Trump tells supporters in The Villages, Fla., in October 2019 that he’ll always defend Medicare, just days after signing an executive order that opens the door to further privatization. Later this evening, Donald Trump delivers his third State of the Union address. If past speechesRead More →
President Donald Trump tweeted — and quickly deleted — a congratulatory message to “the Great State of Kansas” on Sunday night after the Kansas City Chiefs won their first Super Bowl in 50 years. “Congratulations to the Kansas City Chiefs on a great game, and a fantastic comeback, under immenseRead More →
Gorgeous beaches, warm weather and no state income tax. These are just some of the perks of retiring in Florida, which is the best state to retire in, according to personal finance site WalletHub, which ranked states on metrics like affordability, quality of life and health care. Other research alsoRead More →
We’re in a state of low savings. Depending on what state you choose to retire in, you could need anywhere from $666,000 to upward of $2 million saved. And that’s outside of what you get from your Social Security checks. Those figures are according to an analysis released Thursday byRead More →
Levying high taxes on e-cigarette products could make adult smokers less likely to quit smoking. That’s according to researchers from the National Bureau of Economic Research, City University of New York and Bentley University. Higher e-cigarette taxes in Minnesota increased smoking rates and led to a fall in the rateRead More →
BEIJING (Reuters) – Sinochem Energy, a unit of China’s Sinochem Group, has agreed to sell a 20% stake to five state-owned firms for 11.56 billion yuan ($1.65 billion), Xinhua news agency reported. The strategic investors included financial investment arms of Agricultural Bank of China (SS:) (HK:) and Industrial Bank ofRead More →
© Reuters. FILE PHOTO: A Gecamines copper mine in Lubumbashi, Democratic Republic of Congo KINSHASA (Reuters) – Congolese prosecutors are investigating a 200-million-euro ($222 million) line of credit issued to state mining company Gecamines by a company owned by Israeli billionaire Dan Gertler, who is under U.S. sanctions, Gecamines saidRead More →
MEXICO CITY (Reuters) – Mexican President Andres Manuel Lopez Obrador promised in a speech on Saturday to dramatically expand state-run electricity company CFE’s power generation business if private power companies do not boost their investments in the sector. Lopez Obrador, a leftist who has long-favored more robust state control overRead More →
FRANKFURT (Reuters) – Tesla’s (O:) announcement earlier this month that it will build its first European factory near Berlin will draw further companies from the electric mobility and energy storage sectors into Germany, a state premier told newspaper Die Welt. “They are already on their way. I’m hearing there areRead More →
It’s less taxing to retire to Wyoming. While retirees flock to Florida in part for its tax-friendliness, those who really want to save big on their tax bill may want to head west. An analysis released this week by the personal-finance publisher Kiplinger revealed that the state of Wyoming wasRead More →
(Reuters) – U.S. power company Sempra Energy (N:) said on Monday it would sell is Chilean businesses to China’s State Grid International Development Limited for $2.23 billion in cash. The deal includes Sempra’s 100% stake in Chilquinta Energía S.A., Tecnored S.A. and a 50% interest in Eletrans S.A. Reuters reportedRead More →
U.S. stock futures recovered from sharp early losses during the overnight trading session Wednesday, rallying after a report that indicated potential progress in the U.S.-China trade war. Bloomberg News reported Wednesday night that the White House may implement a previously-agreed-upon currency deal with China ahead of schedule, and suspend tariffRead More →
© Reuters. FILE PHOTO: Stickers bearing the Facebook logo are pictured at Facebook Inc’s F8 developers conference in San Jose WASHINGTON (Reuters) – U.S. state attorneys general investigating Facebook Inc (NASDAQ:) for alleged anti-competitive practices met on Monday with officials of the Justice Department and the Federal Trade Commission, NewRead More →
More than half a million people are homeless each night in the United States, a new White House report has found. And nearly half of them are concentrated in one state: California. All told, 47% of all unsheltered homeless people nationwide — meaning those who sleep in areas not meantRead More →
By Alex Dobuzinskis (Reuters) – New York became the second state to ban flavored e-cigarettes on Tuesday after its Democratic governor called for emergency action in response to concerns about their rising use among teens and a nationwide spate of lung illnesses. Governor Andrew Cuomo on Sunday called for anRead More →
Getty Images/iStockphoto (Photomontage: Terrence Horan) This analysis is based on data from EMSI, a labor-market research firm, and focuses on 774 occupations classified by the Bureau of Labor Statistics. The economy had about 501,000 fewer jobs as of March 2019 than the Bureau of Labor Statistics initially calculated in itsRead More →
JOHANNESBURG (Reuters) – South Africa’s High Court ordered state arms maker Denel to hand over millions in employees’ tax payments to the government, union officials said – a case that has refocused attention on cash-strapped state firms and their drain on the economy. The Solidarity union sued Denel last month,Read More →
© Reuters. Weight of history: Chongqing Steel and China’s state sector dilemma By David Stanway CHONGQING, China (Reuters) – A year and a half ago, Chongqing Iron and Steel Corp (CISC) (SS:) (HK:), China’s oldest steelmaker, was rescued from the brink of bankruptcy in a deal hailed as a shiningRead More →
© Reuters. A smartphones with Sprint logo are seen in front of a screen projection of T-mobile logo, in this picture illustration (Reuters) – An attorney for a group of 13 state attorneys general who filed a lawsuit in hopes of stopping T-Mobile U.S. Inc’s (O:) $26 billion merger withRead More →
WASHINGTON (Reuters) – An attorney for the state attorneys general who filed a lawsuit in hopes of stopping T-Mobile’s $26 billion merger with Sprint told the judge on Monday that an Oct. 7 trial may not be possible. In a letter to Judge Victor Marrero on Monday, attorney Glenn PomerantzRead More →
