Trump Got Trade Right at the G-7: All Tariffs Must Go

Trump Got Trade Right at the G-7: All Tariffs Must Go

President Donald Trump’s unexpected call to remove all trade barriers didn’t gain much traction with other Group of Seven leaders, perhaps because they were fuming about the U.S. president’s behavior during the summit in Canada this weekend. But a partial implementation of the idea would be a good way to defuse the brewing trade war without preventing nations from protecting […]

Buffett And Dimon Play The Long Ball

Buffett And Dimon Play The Long Ball

Warren Buffett’s and Jamie Dimon’s editorial in the WSJ, followed by their interview on CNBC on Friday, was another great learning experience from the best of the best for those wanting to learn how to successfully invest and create wealth. The main thrust of their comments was that CEOs should end quarterly earnings forecasts and […]

Tax Havens Blunt Impact of Corporate Tax Cut, Economists Say

Tax Havens Blunt Impact of Corporate Tax Cut, Economists Say

They find that multinationals operating in tax havens are far more profitable than locally owned companies in those countries, and that their profits dwarf what they pay workers. They break the numbers down to show the outsize profits are largely because of money being “shifted” — on paper — into those havens. Large corporations like […]

Report: ZTE chairman promises no more violations, apologizes

Report: ZTE chairman promises no more violations, apologizes

Posted: Jun. 8, 2018 8:00 am BEIJING (AP) — Chinese tech giant ZTE Corp.’s chairman promised no further compliance violations and apologized to customers in a letter Friday for disruptions caused by its violation of U.S. export controls, a newspaper reported. Washington’s agreement Thursday to restore ZTE’s access to U.S. components removed a prominent irritant […]

Supermarkets Caught Selling Meat-tainted Vegan Meals

Supermarkets Caught Selling Meat-tainted Vegan Meals

Leading U.K. supermarkets have been caught selling vegan meals with traces of meat. An investigation led by the Daily Telegraph found that Tesco has been selling a vegan macaroni dish that contains traces of turkey and Sainsbury’s supermarket has been stocking “meat-free” meatballs that contain traces of pork. The Food Standards Agency (FSA) has now […]

Tesla Model X Sped Up Seconds Before Deadly Crash, NTSB Finds

Tesla Model X Sped Up Seconds Before Deadly Crash, NTSB Finds

June 8th, 2018 by Steve Hanley  The National Transportation Safety Board has released a preliminary report regarding the fatal crash of a Tesla Model X in Mountain View, California, earlier this year. The full investigation may take another year or more to complete and the preliminary […]

Jack Ma's Ant Financial Valued at About$150 Billion After Funding Round

Jack Ma's Ant Financial Valued at About$150 Billion After Funding Round

HONG KONG—Jack Ma’s financial-technology giant has solidified its position as one of the world’s most valuable private companies. China’s Ant Small and Micro Financial Services Group Co. on Friday said it raised around $14 billion from domestic and global investors in one of the largest private-capital raises on record. The share sale—Ant’s… Source link

As scooters multiply, Santa Monica plans regulations to address community concerns

As scooters multiply, Santa Monica plans regulations to address community concerns

A new set of proposed regulations for dockless electric scooters in Santa Monica seeks to establish a 16-month pilot program for Shared Mobility Devices, creating a framework that balances the city’s desire for mobility innovation, public safety, and sustainability goals. The recommended regulations would allow up to three providers to operate a maximum of 1,500 […]

Coinbase, Circle Vie to Create Brokerages for Crypto Securities

Coinbase, Circle Vie to Create Brokerages for Crypto Securities

Two titans of U.S. cryptocurrency trading are in a race to build the nation’s first regulated venues for tokens deemed to be securities, potentially appeasing watchdogs threatening to rein in the multibillion-dollar market. Coinbase Inc., one of the largest cryptocurrency exchanges, said Wednesday that it’s buying a trio of firms including a broker-dealer registered with […]