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Business News

Location American Business News for 5 July 2018

EU extends sanctions against Russia for 6 months

Miami Herald - 5 Jul 2018 16:40
The European Union has extended sanctions against Russia over its actions in Ukraine for another six months. The EU stressed in a statement Thursday that the 28 member states took …
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Tariffs? Time for a Plan B: 'Gobble Up Every Bit of Material That I Can' As trade feuds drive up steel and other prices, American businesses try to cope. Some are shutting off hiring, putting off purchases or cutting costs.
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Why Bitcoin may soon be worth nothing

New York Post - 5 Jul 2018 03:54
Why Bitcoin may soon be worth nothing I thought we'd finally get rid of bitcoin. But the fake "currency," which I like to call bitcon, just won't fade away. Bitcoin's price rallied to over $6,600 yesterday, but it had been well under $6,000 last week. Even a...
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This American Cargo Ship Is Racing to China to Beat a Huge New Tariff on the Soybeans it's Carrying It could make it with just hours to spare
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(Reuters) - Credit Suisse Group AG agreed to pay about $77 million to settle U.S. criminal and civil probes into its Asia-Pacific hiring practices, including efforts to win banking business by awarding jobs to friends an...
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Hotshot banker denied business license over 'F-k you DOJ' joke: suit This vanity plate was no joke. The Puerto Rican banking authority denied a license to do business on the island because the company's CEO -- hotshot banker Guy Gentile -- had said he wanted a license plate that read "F�...
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Tesla slides back below $300 as a lack of confidence overshadows Model 3 milestone (TSLA) Max Whittaker / Getty Images Tesla has finally reached its goal of producing 5,000 Model 3 sedans per week. However, the stock slid back below the $300 level it has struggled with all year as its production problems cont...
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Average US 30-year mortgage rates fall to 4.52 percent Long-term U.S. mortgage rates fall this week, offering some relief to would-be homebuyers
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Why your next job interview may be scheduled by text It's a job seeker's market and potential hires want the see the hiring process include reminders, text messages and other app-like bells and whistles.
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Regardless of which party controls the House or Senate post-election, the financial services panels in both chambers could have new leaders.
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Starbucks ethics chief latest top exec to leave company Starbucks just lost another high-level executive. Its deputy general counsel in charge of ethics and compliance, Matthew Shay, quietly left the company on June 1, Starbucks confirmed to The Post. A 21-year veteran, Shay,...
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Will Trump spill the beans about employment numbers again? The last time the Labor Department was due to report monthly employment numbers, President Trump got so excited that he tweeted a hint that the job gains were going to be good. "Look forward to seeing the employment numb...
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When bank customers are treated poorly by branch employees, it can damage the relationship even if the specific issue is effectively resolved.
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In China's 'money worshiping' movie industry, stars' high pay becomes a target of the central government China's surging movie box office receipts, on pace to surpass North America's in 2020, are celebrated here as part of China's growing influence in the global film market. But the rise has what officials see as a pernicio...
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Bank of England Governor Mark Carney just took a shot at Trump over his trade war -- and his Twitter account Reuters; Reuters Bank of England Governor Mark Carney makes gibe about President Donald Trump's tweeting habits during a speech in northeast England. "At the moment, protectionism is largely just talk and tweets," he sai...
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U.S. stocks move higher in early trading even as tariffs loom U.S. stocks are up broadly in early trading Thursday, turning major indexes higher for the week as markets reopen following the Independence Day holiday. Technology stocks and healthcare and consumer-focused companies ac...
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China's ZTE names new leaders to comply with US deal

New York Post - 5 Jul 2018 16:41
China's ZTE names new leaders to comply with US deal ZTE has appointed a new team of top executives including a CEO to comply with a deal it made with the US to end a ban on US firms supplying parts to China's second-biggest telecommunications equipment maker. ZTE, in an e...
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Tech, health care companies lead US stocks broadly higher U.S. stocks are up solidly in early trading, turning major indexes higher for the week as markets reopen following the Independence Day holiday
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Summer gas prices: Don't fill up in these states on your road trip So, you're taking a road trip for the weekend and you're approaching the state line. Do you fill up on gas before you leave your current state or do you wait to fill up after you cross the border? Making the wrong decisi...
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China delays retaliatory tariffs, won't fire 'first shot' in potential trade war Beijing officials on Wednesday delayed implementing retaliatory tariffs by 12 hours -- not wanting to draw first blood in a potential trade war. China officials had vowed to go toe to toe with the White House and levy in...
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How I'd fix the 'clean meat' controversy

New York Post - 5 Jul 2018 03:53
How I'd fix the 'clean meat' controversy It won't be long before your Fourth of July barbecue will have "meat" produced from laboratory-grown cultured animal cells cooking on the grill. Yummy! But what should we call that stuff? If you haven't been following th...
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Chinese Tycoon Wang Jian Falls to His Death While on a Business Trip in France Wang Jian, a co-founder of the HNA Group, suffered "severe injuries" in a fall in southern France and died Tuesday at age 57
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