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Business News

Location American Business News for 3 June 2017

The Surprising Threat to the American Economy

Barron's - 3 Jun 2017 07:01
The Surprising Threat to the American Economy Unemployment hits new lows and stocks hit new highs. So why aren't Americans opening their wallets?
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The states where gun crime has gotten worse since the 1990s Amid the many high-profile mass shootings of recent years, there has been a familiar and mildly comforting refrain: that despite the awful headlines, gun violence is down from its early 1990s peak. Tragedies like Aurora,...
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The Fiduciary Rule Goes Live at Long Last

Barron's - 3 Jun 2017 04:56
The Fiduciary Rule Goes Live at Long Last The DOL rule that advisors act in their clients' best interest is moving forward; widespread adoption is expected.
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Accenture's Second Digital Act

Barron's - 3 Jun 2017 07:05
Accenture's Second Digital Act Doubts about the consultant are overblown. Opportunities should boost the stock 60% over three years.
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Market Makers in Equity Options Are Vanishing

Barron's - 3 Jun 2017 06:38
Market Makers in Equity Options Are Vanishing While trading remains weak, many firms can't afford costs of keeping their technology competitive.
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Traders are making a big change to how they use the world's hottest investment product Getty Images Some investors use exchange-traded funds to achieve easy portfolio diversification. Others are attracted to their relatively low fees. But what they're not doing is using ETFs to bet on share declines. At le...
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Playboy Magazine Recreates Vintage Covers for 'Iconic' Playmate Celebration Chicago Tribune columnist Rick Kogan got the jump on something that will be all over the Internet Sunday. A celebration of Playboy Playmates from the past by the magazine's energetic new scion Cooper Hefner. Hefner told ...
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Hope Floats for Offshore Drillers

Barron's - 3 Jun 2017 07:33
Hope Floats for Offshore Drillers For a sector that specializes in things that float, offshore drillers sure are sinking fast. Is it time to think about buying?
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Haiti Wants The World To Meet Its New Generation Of Entrepreneurs Startup activity is heating up in Haiti and it's time for the global community to get involved.
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Inside the Market's Magical Mystery Rally

Barron's - 3 Jun 2017 06:30
Inside the Market's Magical Mystery Rally Stocks still seem to be a reasonable investment. What alternative do investors have?
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Here's How a Chinese Tech Firm Borrowed $2.1 Billion in a Hurry Stumbling after it got overextended, LeEco was still able to raise billions of dollars from shadowy lenders and from investors large and small.
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Goldman Sachs CEO bashes Trump again in bizarre, emoji-filled tweet Wall Street continued its lament of President Trump's exit of the Paris climate agreement Friday -- with Goldman Sachs CEO Lloyd Blankfein taking to Twitter again. "Leadership helps" the US, Goldman CEO Lloyd Blankfein w...
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Why Wall Streeters making $873K feel underpaid

New York Post - 3 Jun 2017 03:48
Why Wall Streeters making $873K feel underpaid Wall Street workers weren't satisfied with their pay last year. Traders and bankers were more likely to believe that they weren't compensated fairly for their work in 2016 -- even though average compensation at banks and...
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Investors are completely ignoring Tesla's biggest flaw (TSLA, GM, F, FCAU) NTB Scanpix/Heiko Junge/via REUTERS You can't argue with the numbers, can you? Tesla shares are up almost 60% since the beginning of the year, hitting all-time highs in the near-$350 range, and CEO Elon Musk's electric c...
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Power company to refund Ohio electric customers

Miami Herald - 3 Jun 2017 16:27
An Ohio power company says it will spend $84 million refunding electric customers to settle a lawsuit over rate issues. The Columbus Dispatch reports ( ) AEP Ohio announced Friday …
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They were strangers once. On a recent morning, as they sipped coffee around Dan Severson's kitchen table, the four seated there shared a friendship driven by the need to preserve …
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Box Office: 'Wonder Woman' Soars To Record-Breaking $39M Friday Patty Jenkins just scored the biggest single day ever for a female director.
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The $14 million McLaren F1 supercar is now 25 years old

Business Insider - 3 Jun 2017 16:17
The $14 million McLaren F1 supercar is now 25 years old AP Last Sunday, the legendary McLaren F1 supercar turned 25. For most, it's hard to believe the iconic marvel of engineering is a full quarter century old. To this day, the F1's modern design and speed demon performance ...
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What to expect from Apple's big annual event next week (AAPL) Getty Apple's major annual event, the Worldwide Developer Conference (WWDC), kicks off on Monday. Apple CEO Tim Cook and other executives will deliver a keynote in front of thousands of developers, journalists, and Apple...
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The House Wins Big: Casino Magnate Sheldon Adelson Gets $1.7 Billion Richer In Four Days Sheldon Adelson doled out more than $10 billion to build a string of casinos in Macau. That gamble is paying off.
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Pittsburgh has unexpectedly become a climate battleground after Trump ditched the Paris Agreement Win McNamee/Getty Images With one sentence, President Donald Trump placedPittsburgh at the center of a post-Paris climate battle. "I was elected to represent the citizens of Pittsburgh, not Paris," he said during his Thu...
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Best & Worst Weekly Performers: June 3 Edition

Business Insider - 3 Jun 2017 14:00
Here is a look at the 25 best and 25 worst ETFs from the past week. Traders can use this list to find prospective candidates that have deviated too far from their longer-term trends, thereby serving as potential starting...
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