Business News
More disturbing numbers regarding last year's tax reform
New York Post - 9 Aug 2018 06:45
Here are some more disturbing numbers to ponder in the wake of last year's tax reform. Through May of this year, the US Treasury paid $233 billion in interest on its debt. The government's fiscal year ends in September, ...
What's holding back voice banking
American Banker - 9 Aug 2018 04:08
Voice assistants impress at tech demos, but new research shows bank customers aren't ready to ask a speaker about their accounts just yet.
Silicon Valley gets queasy about Chinese money
The Economist - 9 Aug 2018 18:50
BUYER'S remorse is often experienced in Silicon Valley by investors who plough money into risky startups only to see them fail. Some technology entrepreneurs are now suffering from seller's remorse. They are those whose ...
Currencies: New Zealand dollar at lowest since 2016
Market Watch - 9 Aug 2018 19:13
The New Zealand dollar sees a sharp move down on Thursday, thanks to a dovish message from its central bank.
How to reform the world's biggest piggy-banks
The Economist - 9 Aug 2018 18:50
IN MOST countries the priority with the public finances is how to stop debt spiralling. But some places have the opposite difficulty: how to manage piles of savings. China and Saudi Arabia are examples. Globally, governm...
Aldi is overhauling its stores to win the grocery wars -- and it's coming straight for Walmart and Kroger
Business Insider - 9 Aug 2018 09:26
Business Insider/Hayley Peterson Aldi is adding more fresh, organic, vegetarian, and vegan items to its US stores in what will be the biggest product refresh in its history. Once the product rollout is complete in early ...
GM squeezes pounds and pennies to attack Ford's pickup profit machine
Reuters - 9 Aug 2018 09:18
When General Motors Co engineers were developing the 2019 Chevrolet Silverado and GMC Sierra pickup trucks, some of them joined public tours of Ford Motor Co's Dearborn, Michigan factory to watch aluminum-bodied F-series...
$160 million corruption scandal in Argentina roils its financial markets
Business Insider - 9 Aug 2018 08:29
Rolando Andrade Stracuzzi/Clarin via AP More than a dozen former Argentine government officials and business executives have been arrested in a large scale corruption scandal. The investigation is throwing Argentina upsi...
Insider trading used to run wild among politicians
New York Post - 9 Aug 2018 06:43
It's sad enough that Republican New York Congressman Chris Collins was charged on Wednesday with trading stock on inside information. The sadder part is that up to just a few years ago this sort of self-serving behavior ...
Chris Collins’ Big Pump and Dump?
TPM - 9 Aug 2018 21:53
On the Chris Collins story, most of the attention has focused (quite understandably) on the fact that Collins allegedly gave...
Amazon just hit an all-time high as it inches towards becoming a $1 trillion company (AMZN)
Business Insider - 9 Aug 2018 19:11
Chip Somodevilla/Getty Images Amazon could follow Apple in hitting a $1 trillion valuation. Shares hit an all-time high on Thursday and many on Wall Street say it's poised to hit the milestone. Follow Amazon's stock pric...
Gannett swings to a Q2 profit, beats expectations as digital revenue continues to rise
USA Today - 9 Aug 2018 19:05Montana man convicted of bilking investors of $2M
Miami Herald - 9 Aug 2018 19:04
A northwestern Montana man has been convicted of stealing nearly $2 million from investors. John "Kevin" Moore of Bigfork was convicted on Aug. 3. of 11 counts of wire fraud, …
Alibaba tweaks a controversial legal structure
The Economist - 9 Aug 2018 18:50
IF YOU want to study how the legal title to assets worth many billions of dollars changes hands in China, then peer carefully at page 116 of Alibaba's new annual report. The text is dense and you may have to put a cold t...
Spa and beauty industry campaign hopes to fill 30,000 jobs
Miami Herald - 9 Aug 2018 18:47
The spa and beauty industry is booming, but thousands of jobs are going unfilled. The industry is hoping to change that with a "Get Your Dream Job" campaign designed to …
How this Vermont company went from appearing on 'Shark Tank' to bankruptcy
USA Today - 9 Aug 2018 18:44
David Glickman's Vermont Butcher Block, once a rising business star, ended up declaring bankruptcy, leavingbehind nearly $800,000 in unpaid debts to banks, investment funds, lawyers, accountants and suppliers. ...
Tech Stocks Drive Nasdaq Higher; Dow, S&P Flat
The New York Times - 9 Aug 2018 18:42
The Dow and the S&P 500 were little changed, while the Nasdaq was firmly higher, propped up by the high-flying technology trio of Apple, Amazon and Microsoft.
The New York Times' revenue growth decelerated in Q2 (NYT)
Business Insider - 9 Aug 2018 18:41
This story was delivered to Business Insider Intelligence "Digital Media Briefing" subscribers hours before appearing on Business Insider. To be the first to know, please click here. The New York Times (NYT) generated $4...
$510 million milk processing complex to be built in Michigan
Miami Herald - 9 Aug 2018 18:38
A $510 million milk-processing complex will be constructed in Michigan, creating nearly 300 jobs and bolstering a dairy industry among the largest in the U.S. that has been suffering because …
Midcaps, smallcaps recover but may not have found their lost charm yet
livemint.com - 9 Aug 2018 07:11Graduates from Montana universities see decrease in debt
Miami Herald - 9 Aug 2018 18:38
Recent data shows students from Montana's largest universities are graduating with a little less debt. The 2017-2018 Common Data Set that colleges submit to major publishers indicates that Montana State …
Perrigo plans to separate prescription pharma business
Reuters - 9 Aug 2018 18:35
Perrigo Co Plc said on Thursday it would separate its generics prescription business, which has been a drag on results, to focus on consumer healthcare following a strategic review, sending the drugmaker's shares down ab...