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Business News

Location American Business News for 4 April 2018

A Billionaire's Latest Biotech Bet

Barron's - 4 Apr 2018 21:23
A Billionaire's Latest Biotech Bet Bob Duggan has persevered before and realized a $3.5 billion payoff. Is he right about Achaogen?
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Trump Proposes Tariffs on $50 Billion in Chinese Electronics Imports 'China's going to be compelled to lash back.'
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8 Tax Tips My Clients Taught Me

Forbes - 5 Apr 2018 01:25
8 Tax Tips My Clients Taught Me Clients have again come to me with questions and misperceptions that have opened up new opportunities for tax planning. As we close in on the last couple weeks of the first filing deadline, I wanted to highlight eight ta...
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Can Trump Ignite A Maxi Panic?

Forbes - 4 Apr 2018 23:57
Can Trump Ignite A Maxi Panic? I'm betting against our President willfully destroying the market. Too many citizens own index funds and ETFs. My biggest fear, why I retain some reserves, is public panic forces redemptions of mutual funds and ETFs. We'...
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GM and Ford Have a Few Lessons for Elon Musk

Barron's - 4 Apr 2018 16:38
GM and Ford Have a Few Lessons for Elon Musk Tesla's founder says "car biz is hell," but the US automakers have spent a century trying to make it a bit easier.
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Facebook deletes more Russian troll farm-affiliated accounts Facebook said removed 70 Facebook accounts, 138 Facebook pages, and 65 Instagram accounts, all controlled bythe Internet Research Agency.        
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Top Morgan Stanley broker fired over abuse allegations Douglas Greenberg, a top broker at Morgan Stanley who kept his job despite his 15-year record of abusing women -- a record known to his employer -- was fired on Tuesday, the Wall Street bank said. Greenberg was placed on...
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YouTube creator and tech leaders tweet sympathies for YouTube HQ victims Apple's Tim Cook, Google's Sundar Pichai, Amazon's Jeff Bezos and other notable tech figures took to Twitter to respond to the shooting at YouTube HQ.        
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Saudi Arabia will fine couples $130,000 for snooping through each others' texts REUTERS/Faisal Al Nasser Saudi Arabia has taken steps to criminalize citizens who snoop through their spouses' phones. The new law imposes fines of up to $130,000 or jail time for for the offense. The initiative is part ...
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The Latest: China's Commerce Ministry warns of retaliation US proposes tariffs on $50 billion in Chinese products as trade tensions rise
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Carolyn Kormann discusses a recent court ruling out of Boston, in which a judge held that a group of pipeline protesters' acts of civil disobedience were justified by the threat that climate change poses.
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P2P payments still have an adoption problem

American Banker - 4 Apr 2018 02:08
Despite increased bank and investor activity around digital P2P payments, consumers haven't flocked to P2P in expected numbers.
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These 4 Stocks All Hit New 52-Week Highs Today: Guess Which Sector? These 4 stocks in the same sector hit 52-week highs at the open as many other stocks were being sold.
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What's my bank got to do with the price of milk?

American Banker - 4 Apr 2018 23:08
Forget ROA and efficiency ratio. When it comes to buying stakes in small banks, many investors are looking at indicators like commodities prices, executives' ages and city-by-city market conditions.
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Why The World Needs More Other-Focused Leaders Those that care more about doing good for others naturally attract like-minded followers and inspire and enable them to realize a meaningful shared purpose.
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5 takeaways from Treasury's call to action on CRA

American Banker - 4 Apr 2018 02:08
The financial services industry and community reinvestment advocates both praised the Treasury Department's recommendations for reforming Community Reinvestment Act enforcement.
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Aalok Devkota Puts Up A Winning Quarter By Playing Exceptional Defense Aalok Devkota has outperformed 75% of U.S. equity mutual fund managers for the last 3 years in part because we allow him to take defensive action for our clients when he sees fit. He turned defensive about 2 weeks ago, a...
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This Restaurant Entrepreneur Thinks Outside The Box And Serves Cake In A Jar A former Oprah producer continues to think outside the box by starting a restaurant where cake is served in a jar.
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The high school in Monster Prom exists in a colorful alternate dimension filled with coquettish Medusas and demon jocks -- and you (and up to three friends) must date one of them. Spanish indie studio Beautiful Glitch’...
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On a conference call with reporters today, Facebook CEO Mark Zuckerberg acknowledged that the social media giant’s view of what responsibility it had to educate users on how to use their tools was too limited. Zuckerbe...
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Of all of the survival sim games that I’ve tried, I found Ark: Survival Evolved among the most complicated and unforgiving. You would think developer Snail Games would want to tone down those elements for its family-fr...
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Amazon Web Services announced a new service today that could solve one of the biggest security headaches facing users of the cloud platform. The AWS Secrets Manager will allow developers to programmatically insert the cr...
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