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American Business News for 19 Apr 2018

North Korea has a new budgetNorth Korean Economics 101: Pyongyang's new national budget reflects steady growth, gives big boosts to just about everything and perplexes experts trying to understand what's really going on
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Most Americans don'tHere is something you already knew. A new study says 54 percent of Americans find frequent-flyer programs confusing. And 44 percent say credit card rewards programs are dumbfounding, while 47 percent... think hotel loyalty programs are difficult to understand, according to a study by NextAdvisor. "What's concerning is that many Americans don't even know how...
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Amazon reveals there are overAmazon is bigger than ever. The e-commerce giant has more than 100 million Amazon Prime subscribers worldwide, Chief Executive Jeff Bezos divulged on Wednesday in his annual shareholders letter. It is... the first time in the 13-year history of Prime that Amazon has released any sort of statistics relating to the popular subscription program. Prime...
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Trump's Tariffs Are Already Costing American Jobs

The Huffington Post - 19 Apr 2018 03:30
Trump's Tariffs Are AlreadyTariffs on Canadian paper, imposed at the behest of a New York hedge fund, are claiming 50 U.S. jobs -- so far.
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Fee revenue rises 8% at Bank of New York Mellon

American Banker - 19 Apr 2018 16:50
The custody bank benefited from a wide range of economic forces in the first quarter
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The multinational makers of everything are under pressure to boost revenues.
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Average US 30-year mortgageLong-term U.S. mortgage rates climbed upward this week, slightly worsening affordability for homebuyers
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Delegation Will Make You aDelegation is the sure path to get your company running at optimal efficiency. Here's how to start doing it well.
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China speeding up chip plansBEIJING – China is looking to accelerate plans to develop its domestic semiconductor market amid a fierce trade stand-off with the United States and a U.S. ban on sales to Chinese phone maker ZTE... that has underscored the country's reliance on imported chips. Senior Chinese officials have held meetings this week with industry bodies, regulators...
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Companies are migrating to the cloud for the IoT

Business Insider - 19 Apr 2018 16:22
Companies are migrating to theThis story was delivered to Business Insider Intelligence IoT Briefing subscribers hours before it appeared on Business Insider. To be the first to know, please click here. Companies are increasingly... abandoning privately managed, on-premise data centers in favor of cloud-based platforms for their IoT needs, according to The Eclipse Foundation’s annualsurveyof about 500 IoT developers. Only 19% of developers told the Eclipse Foundation they currently store and analyze data in private, on-premise data centers, down from 35%two years ago. Below are some other key highlights from the survey:BI Intelligence Unsurprisingly, this shift has boosted the popularity of the leading cloud platforms, Amazon Web Services (AWS) and Microsoft Azure.Fifty-two percent of respondents said they use AWS and...
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Red Flags: How to Read theWith so many business owners failing at establishing stable businesses, they've provided us with red flags signaling that things weren't going as well for their businesses as they'd initially hoped.
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Amazon is 'more prepared thanAmazon is gearing up to do without the United States Postal Service if it were forced to, D.A. Davidson told clients Thursday. Currently, 91% of the company's packages pass through the post office.... Follow Amazon's stock price in real-time here. Amazon, in the crosshairs of President Donald Trump’s Twitter ire, is more prepared than ever to deliver packages without the United States Postal Service. "We believe Amazon is more prepared than ever to move on from its arrangement with the USPS if it had to,” D.A. Davidson analyst Tom Forte said in a note to clients Thursday. "Given its increasing first-party logistics assets (including its air freight effort, trucking capabilities, and Prime Now short-time shipping efforts)."See the rest of the story at Business Insider NOW WATCH: Wall...
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Local Banks Are DisappearingHalf of the country's banks have disappeared since the 1990s, creating a capital shortage for entrepreneurs.
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Facebook just took its firstThis story was delivered to Business Insider Intelligence "Digital Media Briefing" subscribers hours before appearing on Business Insider. To be the first to know, please click here. This week,... Facebook will begin asking users for permission to use their personal data, the first official move by the social network ahead of the GDPR compliance deadline set forMay 25, Facebook said in aTuesdaynight blogpost. BI IntelligenceSee the rest of the story at Business Insider See Also: Bank of America's digital investments drive engagement Spotify-Hulu bundle opens up to US market DIGITAL HEALTH BRIEFING: Health insurer startup fills gaps left by incumbents -- Helix expands clinical genomic tests -- Australia launches $200M digital health research center
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(Reuters) - Wall Street slid on Thursday morning, weighed down by a broad-based slump in technology stocks from Apple to chipmakers as well as a tumble in consumer staples such as Procter & Gamble.
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During an appearance on the CBS Evenings News Wednesday evening, Dimon unveiled new details about the first leg of the New York company's recently announced, multi-city branch expansion.
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(Reuters) — If a new European law restricting what companies can do with people's online data went into effect tomorrow, almost 1.9 billion Facebook users around the world would be protected by it.... The online social network is making changes that ensure the number will be much smaller. Facebook members outside the United States and […]
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Mick Mulvaney has no clue what he's talking about

New York Post - 19 Apr 2018 04:44
Mick Mulvaney has no clue whatWhat the heck is Mick Mulvaney, director of the Office of Management and Budget, talking about? Mulvaney, who represents the White House, said this week that the US economy is doing better than the... Trump administration thought it would. "We didn't even think we can do it [3 percent annual gross domestic product growth] until...
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The Latest on severe flooding that hit Hawaii's Kauai Island (all times local): 4:30 p.m. Hawaii lawmakers are appropriating $125 million to help with flood relief efforts on Kauai and …
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Taylor Swift eliminates ticketWith no sold-out shows for her "Reputation" tour -- to begin in less than three weeks -- will Taylor Swift be able to shake it off? Even Ticketmaster, which created "Taylor Swift Tix" expressly for... the tour set to kick off on May 8, is signaling concern by offering a three-day break on service fees....
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The typical Amazon.com Inc. employee was paid less than $30,000 in 2017, the company disclosed Wednesday afternoon.
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Asia-Pacific stocks were broadly higher Thursday, building on gains a day earlier, with oil prices at 3½-year highs helping to boost sentiment for the region's equities.
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Comcast Bid 16% More ThanAlthough its rebuffed proposal was higher on a per-share basis, Comcast didn't offer protection if a deal was blocked, according to a filing with the Securities and Exchange Commission.
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Saudi Arabia might not be ableJordan Pix / Stringer / Getty Images Saudi Arabia has invested in a flurry of multi-billion dollar projects. Most people think it is an extremely rich nation that can afford these projects, even... without its oil giant Aramco. But that may be far from the reality — a list of challenges against the country's budget is growing. Most headlines with "Saudi Arabia" in them seem to feature a hefty sum of money. AUS$500-billionsmart city here, aUS$200-billionsolar project there--it's beginning to look like Saudi Arabia wouldn't even look at a project if it costs less than a billion dollars. One also gets the distinct feeling that Saudi Arabia is still an extremely rich nation that can afford all these projects, even without the listing of its state oil giant Aramco.See the rest of the story at...
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Tesla's Model 3 struggles haveTesla's stock has been remarkably resilient in recent days even as negative headwinds continue to pile up. Still, traders are paying close to the highest premium on record to protect against a big... drop in the company's stock, indicating that worries linger under the surface. Follow Tesla's stock price here. Based on how Tesla's stock has reacted to the past week's events, one might think it's downright invincible at this point. Take Tuesday's price action for instance. Following an announcementthat the company would temporarily suspend its Model 3 assembly line, Tesla's stock actually rose as much as 0.3% intraday before finishing the day 1.2% lower.See the rest of the story at Business Insider NOW WATCH: Wall Street's biggest bull explains why trade war fears are way overblown See Also:...
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