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Business News

Location American Business News for 4 August 2017
The biggest myth about sharks that will make you fear them less That sharks represent a risk to swimmers and surfers isn't news to beachgoers. But these predators are not actually looking to feed on humans. To better understand why a tiny number of sharks do sometimes bite people, we...
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There's been no Trump boost in the US jobs market

Business Insider - 4 Aug 2017 16:59
There's been no Trump boost in the US jobs market President Donald Trump took the time to trumpet Friday's jobs report numbers on Twitter. Trump calledthe addition of 209,000 workers in July "Excellent Jobs Numbers" and said the job gains were only beginning, claimingde...
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A 'dark store' tax loophole enjoyed by Target, Lowe's, and Home Depot is costing American schools billions Business Insider/Hayley Peterson Retail giants likeTarget, Lowe's, and Home Depot are fighting to pay less taxes. When they win, schools end up losing billions of dollars, Edweek reported. In what is often described as a...
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Barclays: not cheerful, but cheap

MoneyWeek - 4 Aug 2017 13:55
Of all the big banks, it's probably fair to say Barclays has had its fair share of bad publicity, says Matthew Partridge. The post Barclays: not cheerful, but cheap was first published on MoneyWeek.
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EPA to reject biofuel program tweaks in blow to refiners, Icahn The Environmental Protection Agency will reject a proposed overhaul of the US biofuels program that would have shifted blending responsibility away from refining companies further down the fuel supply chain, three source...
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Lampert Buys $27 Million More of Lands' End Stock Billionaire Edward Lampert has raised his stake in the catalog apparel retailer to nearly 65% from 59%.
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The controversial visa program grants green cards to wealthy foreigners in exchange for a $500,000 investment in U.S. jobs
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Citibank says earnings growth will be the most important part of today's US payrolls report Paramount Pictures/Youtube US non-farm payrolls, arguably the most important economic report around the world each and every month, will be released on Friday. However, rather than the level of payrolls growth or movemen...
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Americans rack up $15B in overdraft fees: report

New York Post - 4 Aug 2017 05:09
Americans rack up $15B in overdraft fees: report Wall Street sure has a funny way of protecting its customers. Americans were hit with about $15 billion in overdraft protection and other fees, according to new data from the government's consumer financial watchdog. Tha...
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Trump and Yellen could derail the stock market's hottest trade AP/Kathy Willens Investors in red-hot tech companies are heavily exposed to political risk, and they may not even realize it. After all, one of the main selling points for tech stocks last year was how disconnected they ...
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What People Really Mean When They Talk About 'Innovation Mindsets' Three pointers to keep in mind as you embark on your innovation journey.
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What you need to know in advertising today

Business Insider - 4 Aug 2017 17:00
What you need to know in advertising today Getty/Michael Kovac Google floated an offer of at least $30 billion to buy Snap in early 2016, sources told Business Insider. Three people, including people inside and close to the company, separately confirmed they had ...
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Job gains surge for second straight month: Employers added robust 209,000 jobs in July Economists estimate the Labor Department on Friday will report 180,000 job gains for July.        
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Square smashes expectations in Q2 (SQ)

Business Insider - 4 Aug 2017 16:34
Square smashes expectations in Q2 (SQ) BI Intelligence This story was delivered to BI Intelligence "Payments Briefing" subscribers. To learn more and subscribe, please click here. Square's Q2 2017earningsexceeded analystexpectations and broke its own records,...
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The dollar is flying after the jobs report

Business Insider - 4 Aug 2017 16:26
The dollar is flying after the jobs report The dollar gained sharply on Friday after the July jobs report showed that hiring in the US was stronger than forecast. The dollar index, which measures the greenbackagainst a basket of other G-1o currencies, is up 0.91%...
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Ackman seeks board seats, CEO ouster at ADP

New York Post - 4 Aug 2017 16:15
Ackman seeks board seats, CEO ouster at ADP Bill Ackman's re-kindled lust for paycheck processor ADP is now out in the open. The activist investor behind Pershing Square is looking to oust the CEO of the underperforming Automatic Data Processing as well as snag fi...
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A Larry Ellison Classic: Oracle Chairman Explains How Soaring CapEx Can Be GOOD! Oracle founder and chairman Larry Ellison offers a classic example of his unique brand of intellectual contrarianism in explaining to financial analysts of how it would be *good* for Oracle if its CapEx doubled due to da...
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Apple Pay adoption is 'underwhelming to date by nearly every objective standard,' says Goldman Sachs (AAPL, GOOG, GOOGL) Apple/Screenshot Apple Pay, Apple's mobile wallet that allows users to pay at stores and online with their smartphone, launched in 2014 to a lot of fanfare. The next year, Google and Samsung matched Apple with their own ...
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Toyota, Mazda building $1.6B plant in U.S.

USA Today - 4 Aug 2017 16:07
Toyota, Mazda building $1.6B plant in U.S. President Trump applauded Toyota and Mazda's plan to set up the joint venture in the U.S. and create up to 4,000 jobs.        
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9 Reasons Why Jeff Bezos Will Rank Wealthiest Man Again With Amazon, anything seems possible -- see what the experts have to say.
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Tesla has said little about its solar roof since it began taking orders -- here's what we do know (TSLA) Considering Tesla's recent Model 3 handover party, it's not all thatsurprising that the focus of Wednesday's earnings call was production for the company's first mass-market sedan. Still, it was also the first earnings r...
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San Francisco Chronicle Toasts 98-Year-Old Outgoing Science Editor David Perlman David Perlman is finally retiring from the San Francisco Chronicle. A toast to David Perlman: A journalist and colleague extraordinaire retires via @sfchronicle -- joegarofoli (@joegarofoli) August 3, 2017 As the paper...
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