Business News
There's 1 Blockbuster left in the US and its owner refuses to close
New York Post - 13 Jul 2018 03:33
ANCHORAGE, Alaska -- Alaska’s last two Blockbuster video stores are calling it quits, leaving just one store open in the U.S. The stores in Anchorage and Fairbanks will close for rentals after Sunday night and reopen T...
The dollar is set to come out on top of the trade-war trap
Business Insider - 13 Jul 2018 02:14
REUTERS/Jo Yong-Hak There isn’t just one major source of market risk today. That makes the global investment environment particularly challenging. But the dollar looks set to conquer risks on multiple fronts throughout...
The Japanese yen isn't behaving like a safe-haven currency, and Deutsche Bank thinks it knows why
Business Insider - 13 Jul 2018 03:20
Yuya Shino/Getty Images For a currency regarded as being a safe-haven asset, the Japanese yen hasn’t been behaving like one of late. While divergent monetary policy settings between the US and Japan has contributed to ...
House GOPer Touts His Body Language Reading Skills As He Grills FBI Agent (VIDEO)
TPM - 13 Jul 2018 01:03
Rep. Paul Gosar (R-AZ), citing his experience as a dentist, claimed he read body language very well and grilled FBI...
Wyoming panel OKs air service plan for executive review
Miami Herald - 13 Jul 2018 17:11
A panel created to attract commercial air service to Wyoming has come up with a draft plan. At a meeting Thursday in Riverton, the Wyoming Air Service Improvement Council voted …
Teacher discount! Target offering teachers a way to save on classroom supplies
USA Today - 13 Jul 2018 17:11Papa John's has already scrubbed its controversial founder from its logo and marketing (PZZA)
Business Insider - 13 Jul 2018 17:04
REUTERS/Danny Moloshok Papa John's is pulling its founder, John Schnatter, from marketing, the company confirmed to Business Insider. Schnatter is no longer pictured in the chain's logo on social media or Papa John's web...
Federal Reserve projects further gradual hikes in key rate
Miami Herald - 13 Jul 2018 17:03
The Federal Reserve says it expects low unemployment and rising inflation will keep it on track to raise interest rates at a gradual pace over the next two years. By …
Fed emphasizes 'solid' U.S economic growth, repeats gradual approach
Reuters - 13 Jul 2018 17:02
U.S. economic growth has been solid during the first half of the year and the Federal Reserve continues to expect to raise interest rates gradually, the central bank said on Friday in an upbeat semi-annual report to Cong...
The Gold Price Could Likely Reach a New High Before the End of 2018
Lombardi Letter - 13 Jul 2018 17:00
Geopolitical Risks and Trade Wars Will Restore the Bullish Course of the Gold Price Having reached the midpoint of 2018, analysts are starting to admit that gold has been one of the most difficult assets to analyze. Quit...
Trump twice repeats falsehood that he was in the UK the day before Brexit and predicted it would happen
Business Insider - 13 Jul 2018 16:59
Kevin Lamarque/Reuters President Donald Trump twice on Friday the falsehood he was in the United Kingdom the day before Brexit and predicted the British people would vote to leave the European Union. But Trump was actual...
Build-A-Bear CEO apologizes after 'heartbreaking' sale crowds
Reuters - 13 Jul 2018 16:56
Build-A-Bear Workshop Inc's chief executive on Friday apologized to disappointed customers and offered an extended discount, a day after its one-day pay-your-age event prompted massive crowds and shortages at some stores...
Nvidia and Intel are safe from China's tariffs on US semiconductors, Cowen says (NVDA, INTC)
Business Insider - 13 Jul 2018 16:46
Rick Wilking/Reuters Nvidia and Intel are sheltered from China's retaliatory tariffs on semiconductor chips, according to Cowen analyst Matthew Ramsay. Even though US chipmakers have strong exposure to the Chinese market...
Detaining immigrant kids is now a billion-dollar industry
L.A. Times - 13 Jul 2018 16:45Did Pfizer Blink And What Will Pharma Do Now?
Forbes - 13 Jul 2018 16:39
Pfizer confirmed that time has run out for raising prices without blow-back. The renewed attention to drug price hikes means business as usual has ended and two questions loom large for Pharma. Is talk of regulation of d...
Women Claimed Johnson & Johnson's Talc Powder Gave Them Cancer. They Just Won $4.7 Billion in Damages
Time - 13 Jul 2018 04:19
Johnson and Johnson must pay $4.14 billion in damages to women who claimed asbestos in its products caused them to develop ovarian cancer
Top firms change up outings to avoid boozy disasters
New York Post - 13 Jul 2018 04:11
Booze is out and ax-throwing is in. At the country's most prestigious law firms, the wining, dining and over-the-top wooing of summer associates this year includes a lot less alcohol and a lot more cocktail-free team-bui...
Larry Page has backed another crazy flying car startup called BlackFly
Business Insider - 13 Jul 2018 13:58
Opener Canadian startup Opener came out of stealth to unveil its flying vehicle BlackFly on Thursday. BlackFly can travel 25 miles at 62 mph, is fully amphibious, and allegedly so easy to use that you don't need a licenc...
Commerce secretary tells ethics office he will sell equities
Miami Herald - 13 Jul 2018 03:59
Commerce Secretary Wilbur Ross says he will sell all his equity holdings after a government ethics office noted inaccuracies and omissions in his financial disclosure reports. Ross says in a …
Best time to be an investor? Yes. Best time to invest? Meh
L.A. Times - 13 Jul 2018 03:50Asian shares extend recovery on Wall Street gains
Reuters - 13 Jul 2018 03:35
Asian shares were higher on Friday following gains on Wall Street overnight, as concerns over an escalating U.S. trade war with China took a breather.
Ex-NY pension fund official gets 21 months in prison
Miami Herald - 13 Jul 2018 03:34
A former official at the pension fund for New York state public employees who was charged with accepting bribes that included prostitutes, strippers, cocaine and a $17,000 wristwatch has been …