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Business News

Location American Business News for 21 July 2018
Investor joins John Paulson's push for gold mining firm's sale A Canadian gold-miner is facing mounting pressure from New York hedge funds to put itself on the block. Hedgie John Paulson has been pushing Detour Gold to consider a sale after learning last week that the mining company...
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Amazon And Alibaba May Have A Leg Up In Shaping The Future, But Walmart Will Refuse To Lose Amazon and Alibaba are clearly doing all that they both can to define the next big innovation in retail -- the personalized physical store -- and Walmart's recent deal with Microsoft shows that Walmart is undaunted and a...
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Trump's Fed Smackdown Could Backfire

Barron's - 21 Jul 2018 02:54
Trump's Fed Smackdown Could Backfire Expect the central bank to listen to the markets not the "low-interest-rate person" in the White House.
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How OfficeMax's former CEO lost more than $4 million, thanks to Wells Fargo's investment advice Wells Fargo's wealth management unit has been ordered to pay $8.6 million in damages and fees to a client -- the former chief executive of retailer OfficeMax -- who lost millions of dollars in risky Puerto Rico bonds rec...
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Stocks edge down as traders shrug off Trump comments U.S. stocks inched down Friday as bond yields jumped, a shift that helped banks but hurt companies that pay big dividends. The dollar fell after President Trump said China is manipulating its currency. Companies such as ...
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With $300M In Capital, Anaplan Is Taking $100M+ Bite Out Of IBM, Oracle in $20B Market Venture capitalists have bet $300 million that cloud enterprise planning service Anaplan will go public. Its CEO says it's on track for a 2019 IPO. But will IBM or Oracle buy the company first?
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A federal agency is getting an influx of funding to repair beach erosion and other damage to the Georgia coast caused by recent hurricanes. The Army Corps of Engineers said …
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Drivers in New Jersey saw prices at the pump dip a bit last week, which analysts call part of a nationwide trend of instability. AAA Mid-Atlantic says the average price …
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Analysts: Trump tariff threats unlikely to yield trade deals Analysts: Trump tariff threats to China, Europe unlikely to yield trade deals
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The dollar looks like its topping

Business Insider - 21 Jul 2018 16:00
The dollar looks like its topping President Donald Trump accused the EU and China of manipulating their currencies. The US dollar index is testing a key technical level. It looks like the greenback has peaked or that it is in the process of peaking. Now ...
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Fiat Chrysler board meets in light of CEO's surgery

Miami Herald - 21 Jul 2018 15:53
The boards of Fiat Chrysler, Ferrari and CNH Industrial were called to urgent meetings Saturday in Italy in light of executive Sergio Marchionne's recent surgery and prolonged convalescence. The La …
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President Trump Fully Supports Federal Reserve, Treasury Secretary Mnuchin Says Mnuchin said Trump isn't trying to interfere in the foreign-exchange market
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Amazon Should Replace Local Libraries to Save Taxpayers Money The rise of Starbucks, Netflix, and Amazon have made local libraries irrelevant.
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12 clever ways to save money every day, according to financial experts Matt Cardy/Getty Images Money-saving tactics can often be unrealistic or forced. There are easy ways to spend and save money every day, like removing stored credit card numbers, implementing a 48-rule of spending, and lo...
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Papa John's CEO Pledges To Fix Culture, But Sidesteps Most Allegations About Himself Papa John's CEO Steve Ritchie sent a note to employees on July 19 pledging to address failings in the company's culture, but he did not address many of the allegations leveled against himself.
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U.S. President Donald Trump's tariffs will lead to a drop in prosperity in Germany this year and are likely to cost Germans up to 20 billion euros ($23.44 billion), the head of German think-tank IMK said.
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Bitcoin And Stellar Get A Big Boost From IBM's 'Stable Coin' IBM and Stronghold to make a blockchain-based "stable coin"
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Currency war erupts, threatening to ripple across global markets Donald Trump took to Twitter on Friday to accuse China and the European Union of 'manipulating their currencies and interest rates lower'
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Lowered Expectations: We're No Further Along With Digital Transformation Than In 2012 Digital transformation has been a 'thing' for several years. Yet, enterprises seem to be spinning their wheels. Were expectations too high to begin with?
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President Donald Trump's former personal lawyer secretly recorded Trump discussing a potential payment for a former Playboy model's account of having an affair with him, people familiar with an investigation …
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Big companies in the United States from Amazon.com Inc to Toyota Motor Corp and Alcoa Corp are working to counter the effect of the Trump administration's trade policies and to head off new tariffs.
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Stocks at a Standstill as Earnings Offset Tariffs Concerns about trade and the yuan were balanced by strong results from major companies. Selloffs caused by tweets or quotes may be buying opportunities.
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