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Business News

Location American Business News for 3 March 2018

Invesco: A Good Stock Pick for Bad Times

Barron's - 3 Mar 2018 06:33
Invesco: A Good Stock Pick for Bad Times The asset manager's funds could be poised to pick up as the stock market corrects.
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Europe's largest home appliance maker puts $250 million US investment on hold over Trump's tariff hike Evan Vucci/AP Electrolux, Europe’s largest home appliance maker, said it would delay a planned $250 million investment in Tennessee. The announcement comes after President Donald Trump announced tariffs on imported alu...
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The Trade War's Biggest Losers

Barron's - 3 Mar 2018 06:36
The Trade War's Biggest Losers Why did Trump choose to push ahead with tariffs now, with daily news of upheavals in the administration and the markets acting precariously?
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Wilbur Ross insists steel tariffs won't impact Americans Wall Street on Friday seemed to get over its fear of a trade war -- but the effects of President Trump's plan to boost tariffs on steel and aluminum reverberated 900 miles away in Tennessee. Electrolux, the Sweden-based ...
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Silver Trails Gold by the Biggest Margin in 25 Years The white metal's price could outperform with a little help from gold prices
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Billionaire Carl Icahn dumps $31 million in steel-related stocks before White House tariff talks President Trump's billionaire friend Carl Icahn dumped $31.3 million in steel-related stock days before the White House announced intentions to impose steep tariffs on steel imports. In a recent Securities and Exchange C...
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Uber and Lyft drivers may make way less money than you think You might want to think twice before quitting your job to drive for Uber or Lyft. The median profit for driving for either of the two large ride-hailing apps is just $3.37 an hour -- or about $27 for an eight-hour shift,...
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SEC settles with ex-Oyster Bay attorney charged with defrauding investors Federal regulators secured a settlement with a Long Island lawyer this week -- part of a sprawling probe into two years of kickbacks that allegedly fleeced municipal bond investors by securing loans for a local business ...
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JCPenney eliminates 360 jobs following weak holiday sales JCPenney said on Friday it has slashed 360 positions from its stores and its Texas headquarters. The moves to cut costs come as the department store chain reported weaker than expected sales during the holiday quarter. T...
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Dow Drops 3% for the Week--and It Isn't Just Tariffs Whenever the market drops, everyone looks for a reason. This week had many.
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Fidelity's Funds Are Up, And So Are Its Problems Fidelity Investments announced terrific financial results for 2017, along with a roster of market-beating funds. But the firm is plagued by stories of sexual harassment and dealing with long-term industry trends.
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Trump steel tariffs: IMF warns plan would hurt US Others could follow Washington's example and hit the US with tough trade restrictions, it says.
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The world's largest asset manager says major gun manufacturers and retailers are publicly listed companies.
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MUMBAI/NEW DELHI
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China's Commerce Ministry shot back at Trump late Friday, saying his tariffs plan would have a "huge impact" on international trade.
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This Blockchain-Based Travel Ecosystem Has Been in the Works for 3 Years The full Decentralized Travel Ecosystem is the ultimate goal for Hob Khadka.
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Vatican Bank's Ex-Chief Indicted Over $60 Million in Embezzlement Losses Angelo Caloia, 78, president of the Institute for Works of Religion from 1999 to 2009, has been ordered to stand trial on charges of embezzlement and money-laundering.
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Goldman Sachs has identified the stocks poised to crush the market thanks to tax cuts Reuters / Brendan McDermid Goldman Sachs has been searching for the parts of the stock market poised to benefit most from Republicans' tax law. The firm has narrowed it down to the companies expected to spend the most on...
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Here's how to hedge your bets in bonds

Business Insider - 3 Mar 2018 18:05
Here's how to hedge your bets in bonds These graphs can help you break down what a bond bear market is, and how you can hedge your bets. The treasury yield curve flattens as the fed raises rates. Bonds can produce good returns, even when their prices are low....
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California steel industry leaders say they would be hurt by Trump's proposed tariffs California steel manufacturers are concerned that tariffs proposed Thursday by President Trump will drive up the price of their products, threatening their ability to compete with foreign and eastern U.S. steel makers an...
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Iraq's parliament has approved this year's budget of about 104 trillion Iraqi dinars, or nearly $88 billion. A statement says the budget, which was approved on Saturday, will run with …
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Banks Turn To Technology To Cope With New Regulations Financial firms need technology to cope with a flood of new regulations, especially in Europe.
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