How Trump can fix the Post Office – but won't

How Trump can fix the Post Office – but won't

President Trump doesn’t need a new commission to figure out how to fix the US Postal Service, as he has called for. He could just read what prior analysts have found. Or better yet, ask the Postal Service itself. Through no fault of its own, the Postal Service, which lost $2.7 billion in 2017, is […]

The Finance 202: Trump's TPP flirtation is surprisingly serious

The Finance 202: Trump's TPP flirtation is surprisingly serious

THE TICKER President Trump stands with leaders of some TPP participants. (AP Photo/Esteban Felix) President Trump’s abrupt order to reconsider the Trans-Pacific Partnership sounds like trademark hot air but stands a stronger chance of becoming real than it might initially appear.  The president performed the dramatic about-face Thursday, directing top officials to study rejoining the sweeping Obama-era pact […]

Brazil's First Crypto-Finance Master's Degree Launches In São Paolo

Brazil's First Crypto-Finance Master's Degree Launches In São Paolo

Major Brazilian university Fundação Getúlio Vargas (FGV) in São Paulo is offering the country’s first Master’s degree in crypto-finance, Finance Magnates reported April 12. The program offers specialized education for the crypto industry. Ricardo Rochman, the program’s coordinator, explained: “It is a market with a profound lack of people with expertise. Cryptofinance has economic and […]

Why Costco only charges $4.99 for a rotisserie chicken

Why Costco only charges $4.99 for a rotisserie chicken

Costco’s rotisserie chickens have cost $4.99 since 2009. Management claims it’s happy to “eat” the cost in order to keep prices down for the consumer. But there’s actually a clever business strategy behind this. Costco would rather take a hit to its profits than raise the price of its $4.99 rotisserie chicken — but it isn’t actually […]

Morning Brief: Xi vows to open China's economy, defuses US trade tension

Morning Brief: Xi vows to open China's economy, defuses US trade tension

Tuesday, April 10, 2018 What to watch today Facebook (FB) CEO Mark Zuckerberg has gone to Washington, D.C. for two days of testimony set to begin Tuesday with an appearance before a Senate committee. Zuckerberg’s prepared remarks to be made before the House Energy and Commerce Committee on Wednesday were released Monday, with Zuckerberg set to […]

Leucadia slims down to focus on Jefferies finance arm

Leucadia slims down to focus on Jefferies finance arm

Leucadia National Corporation, the oil-to-beef conglomerate that owns the investment bank Jefferies, announced a plan to sell $1.3bn of its non-finance industry assets as it seeks to make the most of a broad revival on Wall Street. The company will also rename itself Jefferies Financial Group, to reflect its greater focus and the change from […]

UPDATE: Kansas school funding deal sits in the hands of the Senate

UPDATE: Kansas school funding deal sits in the hands of the Senate

TOPEKA (CAPITOL BUREAU) – The Kansas House narrowly passed a new school funding plan Saturday. The plan now goes to the Senate for a “yes”or “no” vote.    School funding talks stalled Friday night after House leaders said the Senate would not budge from its position.    “We’re trying to figure out what we can accept and […]

Rwanda's president names new finance minister in reshuffle

Rwanda's president names new finance minister in reshuffle

Rwanda’s President Paul Kagame appointed Uzziel Ndagijimana as finance minister in a cabinet reshuffle, his office said. Kagame swept to a landslide victory in a presidential election last year, securing a third term in office and extending his 17 years in power. Late on Friday, he promoted state minister of finance Ndagijimana to replace Claver […]