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Business News

Location American Business News for 14 June 2018
7 wild photos of the SR-71 Blackbird's afterburners in action NASA The SR-71 Blackbird spy plane is the fastest and highest-flying production aircraft to ever hit the skies. Despite the US Air Force officially retiring the Blackbird in 1990 (although NASA would use two of them for ...
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U.S. benchmark oil futures tap a two-week high, but fail to hold earlier gains as pressure from a jump in weekly U.S. production to a fresh record outweighs support from a hefty weekly decline in domestic crude stockpile...
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White House press secretary Sarah Sanders denied a report Wednesday night that she was planning to leave her job.
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Steve Bannon is getting into cryptocurrency and has talked about creating 'deplorable coin' Moritz Hager/Reuters Steve Bannon, President Donald Trump's former chief strategist, is getting into cryptocurrencies. Bannon said he took a significant position in bitcoin and is considering creating a new cryptocurrenc...
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As cryptotraders watched their portfolios deteriorate Wednesday, Turkish-born American economist, Nouriel Roubini took to social media to reiterate his stance on cryptocurrencies and blockchain, the decentralized technol...
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Asian stock markets were down in early trading Thursday, after the U.S. Federal Reserve raised interest rates and indicated two more rate hikes were coming later this year.
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Indian Startups Aren't Becoming GDPR-Compliant Fast Enough -- Here's What That Means For Business Though the GDPR deadline has passed, several Indian startups and businesses are yet to adopt compliance measures. Experts believe sooner than later, startups must invest in infrastructure that supports GDPR compliance, i...
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How Wall Street will react to upcoming DOJ report

New York Post - 14 Jun 2018 04:28
How Wall Street will react to upcoming DOJ report The long-awaited report from the inspector general of the Justice Department is expected to come out Thursday. It's probably going to show wrongdoing by top officials of the FBI and maybe the CIA in regard to the investi...
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Guard explains how inmates turn prisons into 'Skittles Land' Recently I wrote about a scam being pulled by prisoners who pretend they have physical and mental problems so they can go on the public dole once released. They do this by feigning illnesses, getting drugs prescribed and...
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Intuit agrees to reimburse firearm facility after cutting credit service Intuit has agreed to compensate an Arizona firearm training facility for cutting off its credit-card processing and refunding certain sales to their customers. Gunsite Academy Chief Operating Officer Ken Campbell told Th...
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Martin Sorrell gets to keep $27M retirement package

New York Post - 14 Jun 2018 03:44
Martin Sorrell gets to keep $27M retirement package Ousted WPP founder Martin Sorrell got to keep his secrets -- and his $27 million retirement package -- after investor resentment at the ad giant's annual meeting on Wednesday produced lots of heat, but nothing of legal c...
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Time Warner name expected to be dropped after AT&T merger Buh-bye Time Warner. While AT&T on Wednesday was being tight-lipped about it, the corporate name of the New York media giant is not long for this world. The 28-year-old name -- formed in 1990 with the merger of Time Inc....
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Turnaround complete, Bank Leumi seeks U.S. expansion

American Banker - 14 Jun 2018 21:08
The Israeli-owned company, which spent the last half-decade addressing stagnation, is open to acquisitions or going public.
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TIAA streamlines retail, institutional client units

American Banker - 14 Jun 2018 21:08
TIAA has recruited Lori Fouché to serve as CEO of retail and institutional financial services.
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Retailers Told To Forget Social Media. Experts Take Issue. Speaking at a retail industry conference recently, Jamie Salvatori, founder of Vat19, tore down some myths about the efficacy of social media marketing. "Is social media worth it?" Mr. Salvatori said. "I would argue that...
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ZipRecruiter is launching a new tool, Candidate Calibration, that helps employers find job seekers with the help of artificial intelligence.
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Canaries in the coal mine

The Economist - 14 Jun 2018 17:09
Canaries in the coal mine IF YOU look only at the headline numbers, populism and protectionism seem to be weirdly good for global business. Since 2015 there has been Brexit, the rise of fringe parties in the euro zone, the election of President D...
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As China Curbs Borrowing, Growth Shows Signs of Faltering

The New York Times - 14 Jun 2018 17:09
As China Curbs Borrowing, Growth Shows Signs of Faltering The country's focus on reducing its debt has left small businesses facing a credit crunch, and the economy appears to be slowing.
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New York attorney general sues Trump Foundation

Miami Herald - 14 Jun 2018 17:05
President Donald Trump's foundation served as a personal piggy bank for his businesses, legal bills and presidential campaign, New York's attorney general said Wednesday as she sued the charity, Trump …
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Facing growing questions about how personal data is used to target advertising, Google today announced a series of updates to its advertising tools designed to help users better understand why they see certain ads and he...
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Microsoft takes on Amazon's checkout-free retail technology Microsoft is working on technology that would eliminate cashiers and checkout lines from stores, in a nascent challenge to Amazon's automated grocery shop, six people familiar with the matter told Reuters. The Redmond, W...
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Comcast jumps after crashing Disney's attempt to buy 21st Century Fox assets (CMCSA) Comcast is surging after it proposed an all-cash deal to buy 21st Century Fox assets. The offer's price tag tops the recent deal proposed by Disney. Jefferies analyst John Janedis says the deal is financially accretive a...
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