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Business News

Location American Business News for 1 September 2017

Wien: Smart Money Analyzes the Market

Barron's - 1 Sep 2017 13:52
Wien: Smart Money Analyzes the Market Byron Wien, the sage Blackstone strategist, hosts lunches every August to tap the collective wisdom of financial experts to see what's next.
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The Future of App Development: 10 Startups to Watch 10 companies building the future of app development.
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Federal labor officials are going after Tesla over alleged workers' rights violations (TSLA) Alex Wong/Getty Images The National Labor Relations Board has filed an official complaint against Tesla, saying the company violated workers' rights by suppressing their unionization efforts. Tesla will have to submit an...
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Litecoin Price Forecast and Analysis - September 1, 2017

Profit Confidential - 1 Sep 2017 16:27
In an extremely positive move, LTC prices continued to rise on Thursday, skyrocketing roughly 14.78% in the past 24 hours to around $76.85. It is the first time that Litecoin made it over the $70.00 hump, making it one m...
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Ex-CEO awarded $11M after suing over theft allegations After watching his reputation get dragged through the dirt in a lurid, yearlong legal drama, a former CEO has scored an $11 million payday. Carl Grimstad, the ousted chief executive of payment processer iPayment, landed ...
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Wells phony accounts scandal widens; Cordray stays mum

American Banker - 1 Sep 2017 17:14
Bank undercounted fake accounts and says it also opened more than 500,000 bill-pay accounts; CFPB director provides "no further insights" on his future.
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Want to Keep Your Best Employees? Treat Them Like Owners Employees leave, it's part of the game. What are you learning from their exit?
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WASHINGTON
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Staffers in tears. Pay cuts for small mistakes. Aides who walked out of the office -- and never came back. Working for four-term Republican Rep. Todd Rokita of Indiana is …
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Construction spending drops 0.6% in July

L.A. Times - 1 Sep 2017 16:45
Construction spending drops 0.6% in July U.S. construction spending fell in July for the third time in four months as strength in home construction wasn't enough to offset weakness in nonresidential building and government projects. Construction spending droppe...
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Samsung wins permit to test self-driving cars in California Samsung said on Thursday it has received a permit to test self-driving vehicles in California, marking the entry of the world's largest smartphone maker four months after archrival Apple received a permit. Its parent com...
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Tech giants are urging Trump to protect undocumented immigrants Drew Angerer/Getty Images Dozens of tech-industry titans are joining forces to urge President Donald Trump to maintain protections for undocumented immigrants who are covered by the Deferred Action for Childhood Arrivals...
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Nutanix Inc. appears to be on track to hit $1 billion in annual revenue next year, one of many positive signs for the company that seem to support its vision of a hybrid-cloud future.
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Inside the daily routine of 87-year-old Warren Buffett, who loves McDonald's, spends 80% of his workday reading, and unwinds by playing the ukulele Paul Morigi / Stringer / Getty Images Warren Buffett turned 87 Wednesday. By now, it's probably safe to say Berkshire Hathaway chairman, who's said he has the diet of a 6-year-old and has no interest in getting to work b...
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Oil and gasoline prices pull back in Friday's trade, a day after logging significant gains on concerns flooding after Hurricane Harvey would curtail supply and create an energy shortage.
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Hurricane Harvey is going to make it harder to gauge the US jobs market Reuters/Nick Oxford The Bureau of Labor Statistics stressed Friday that Hurricane Harvey had "no discern able effect" on the August jobs report.It had conducted the survey for the report during the week of the 12th, befo...
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The Institute for Supply Management said its manufacturing index in August climbed to 58.8% from 56.3% in July. That is the highest reading since April 2011.
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Best Labor Day weekend car deals, cash-back and financing discounts From Chevrolet to Toyota, there's deals on all kinds of cars.        
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The August jobs report, though mildly disappointing, will not get the Fed to change course from shrinking the balance sheet in September and a rate hike in December, economists said.
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The FDA has recalled about 500,000 internet-connected pacemakers over hacking fears BI Intelligence This story was delivered to BI Intelligence IoT Briefing subscribers. To learn more and subscribe, please click here. The Food and Drug Administration (FDA) has recalled about 500,000 internet-connected p...
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Giving every American $12,000 per year in free money could grow the economy by $2.5 trillion, study finds Alan Crowhurst/Getty Images for Ascot Racecourse A monthly check of $1,000 delivered to every American adult would grow the US economy by roughly $2.5 trillion over the course of eight years, according to anew study. Con...
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Trump has disregarded warnings to fill a top DOJ post, and it could signficantly impact the Russia probe AP Photo/Evan Vucci President Donald Trump still hasn't nominated anyone to lead the Justice Department's tax division, which could pose problems for him ifFBI special counsel Robert Mueller approaches the division to pu...
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