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Location American Business News for 11 August 2018
Will your hotel minibar be replaced by a robot bartender? Robots may be coming for the hotel minibar. The Los Angeles-based inventor of a small appliance that dispenses mixed drinks will be on display next week at the Western Foodservice & Hospitality Expo, an event at the Los ...
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Musk's Buyout Plan May Signal Market Woes Ahead Tesla's buyout proposal lends support to an economist's old theory that stability leads to financial instability. Also, the roots of Turkey's currency crisis.
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Larry Jeddeloh Says a New Era for Markets is Here. And It's Not Just Because of Trump Larry Jeddeloh has a solid history of predicting economic and political changes. Today he notes encroaching social problems and more trade policy issued under the rubric of national security. That may not be great for th...
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California jury awards $289 million to man who claimed Monsanto's Roundup pesticide gave him cancer A San Francisco jury on Friday found Monsanto liable for a school groundskeeper's lymphoma that he said developed after years of applying the company's trademarked Roundup weed killer. The $289-million verdict in San Fra...
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Supreme Court Ruling Could Pave a Path to Better Schools Some argue teachers' unions get in the way of policies that would benefit students. That could finally be about to change.
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MoviePass now forcing users to choose between two movies a day So much for movie night. Cash-strapped MoviePass saw its service crash for the third weekend in a row Friday evening, leaving its 3-million-plus subscribers unable to head to the theater. The app crash came just hours af...
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The import tariffs imposed by President Donald Trump are boosting the cost of building a home by thousands of dollars, and that's adding to the challenges of people trying to …
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Connecticut's sales tax-free week fast approaching

Miami Herald - 11 Aug 2018 18:34
Connecticut's 18th annual sales tax-free week is fast approaching. Consumers will not have to pay the state's 6.35 percent sales tax on retail purchases of most clothing and footwear items …
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Mattress startup CEO explains why the company is opening 200 new stores as its competitors close them Casper, the online mattress startup, announced this week that it is opening 200 stores in the United States. Meanwhile, Mattress Firm is considering filing forbankruptcy as it seeks a way to close some of its 3,000 locat...
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Trump's Economic Scorecard: Higher Inflation, Flat Wages And A Ballooning Federal Deficit While overall GDP growth has been solid, higher inflation is keeping wages in check. Combine that with a ballooning federal deficit from Trump's tax cuts and everything isn't as rosy as it appears. And watch out for tari...
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Governments are getting better at regulating the 'sharing economy' MikeDotta/Shutterstock For years, city and state governments around the country have been fighting over "sharing economy" issues. Now those fights are making more sense. Companies and lawmakers have learned to speak the ...
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Aldi stores are getting a $5.3 billion update -- and the result is almost unrecognizable Business Insider/Hayley Peterson Aldi is spending $5.3 billion to build 800 new stores and remodel existing locations. I toured one of the newly remodeled stores, and it was a vastly different shopping experience from th...
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34 US cities where people can barely afford homes

Business Insider - 11 Aug 2018 17:30
34 US cities where people can barely afford homes Reuters The cost to buy a home is more expensive than it's ever been. SmartAsset recently released a new report ranking the US cities with the most severely cost-burdened households — households who spend at least half...
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China's state media continued a barrage of criticism of the United States on Saturday as their tit-for-tat trade war escalated, while seeking to reassure readers the Chinese economy remains in strong shape.
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Cookoff!: Chefs cook up funds for scholarships

Miami Herald - 11 Aug 2018 08:01
The Historic Lowndes County Courthouse square was flooded with residents as music filled the air and the smell of ribs, chicken and pulled pork wafted through streets Aug. 4 for …
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Extreme temperatures--both hot and cold--spell trouble for many sectors of the economy
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CFPB imposes judgment against K.C. payday lending group

American Banker - 11 Aug 2018 07:08
The agency's settlement with Robert Moseley, Sr., and Robert Moseley, Jr., was enforced by the U.S. District Court for the Western District of Missouri.
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Ousted MiMedx CEO lists Florida mansion for $15M

New York Post - 11 Aug 2018 06:42
Ousted MiMedx CEO lists Florida mansion for $15M MiMedx's ousted Chief Executive Parker "Pete" Petit -- the so-called "Trump of Georgia" -- has listed his seven-bedroom manse in the Florida Panhandle for nearly $15 million -- about a month after stepping down from his ...
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One for the Dem Column, Or Pretty Close

TPM - 11 Aug 2018 19:21
Rep. Chris Collins has now suspended his reelection campaign in NY’s 27th district, probably an inevitability he just couldn’t get...
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Following are five big themes likely to dominate thinking of investors and traders in the coming week and the Reuters stories related to them:
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Tesla Inc and Chief Executive Elon Musk were sued twice on Friday by investors who said they fraudulently engineered a scheme to squeeze short-sellers, including through Musk's proposal to take the electric car company p...
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Retail Stocks Still Look Cheap

Barron's - 11 Aug 2018 04:50
Retail Stocks Still Look Cheap Abercrombie & Fitch, Urban Outfitters, and other retailers are bouncing back. Here's why
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