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Location American Business News for 7 September 2018
Nike's Colin Kaepernick ad has become a meme -- and it's great news for the brand (NKE) Nike/Colin Kaepernick via Twitter Nike's polarizing Colin Kaepernickad has inspired countless memes. Everyone from meme accounts to Donald Trump Jr. are posting their own versions of the "Just Do It" ad. The meme-ificati...
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Target's car seat trade-in event is back and the perks are even better Whether your kid just outgrew their car seat or it’s been long lost in the garage fermenting from Goldfish and sippy cup residue, Target will take it.        
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Asian shares carved out a 14-month trough on Friday as investors feared a new salvo of Sino-U.S. tariffs could come at any moment, while a slump in U.S. chip stocks rippled through the tech-heavy region.
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Officials say reported mortar explosions in Baghdad happened near a US Embassy REUTERS/Lucas Jackson The US State Department confirmed there was a mortar attack near the USembassy in Iraq. Officials say the embassy was not impacted and that staffers are taking appropriate safety precautions. Source...
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The parent company of gunmaker Smith & Wesson on Thursday defended its directors and its contribution disclosures ahead of a proxy vote that will test how far leading fund firms will press concerns about firearms safety,...
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Federal Reserve Is Sued, Accused of Limiting Competition

The New York Times - 7 Sep 2018 02:34
Federal Reserve Is Sued, Accused of Limiting Competition A former Fed official, James McAndrews, is suing, saying the central bank is blocking his plan to create a new kind of bank that would pay higher interest rates on deposits.
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Nike Kaepernick billboards go up in NYC, San Fran Large Nike billboards featuring Colin Kaepernick have gone up in New York City and San Francisco. (Sept. 6)        
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The U.S. Justice Department is probing whether employees committed fraud in Wells Fargo & Co's wholesale banking unit, following revelations that employees improperly altered customer information, the Wall Street Journal...
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Robots Can Manage Your Money. But Even They Need Humans.

The New York Times - 7 Sep 2018 22:56
Robots Can Manage Your Money. But Even They Need Humans. Betterment, among the largest so-called roboadvisers, is one of the latest online services to reduce even further the cost of advice from a mix of algorithms and warm-blooded professionals.
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CEO's doodles go a long way with First Bank employees

American Banker - 7 Sep 2018 18:07
First Bank Financial Centre's Mark Mohr personalizes work anniversary cards by drawing sketches on them highlighting employees' interests.
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Oil futures decline Friday as concerns surrounding an unexpected weekly rise in U.S. gasoline inventories and the potential for a trade-dispute triggered decline in global energy demand set prices up for their first week...
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Agency's first supervisory report under Mulvaney finds little change; the nonbank lender surpasses Citigroup and Bank of America in home loans.
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How tariffs will affect the top US ecommerce companies

Business Insider - 7 Sep 2018 17:04
How tariffs will affect the top US ecommerce companies Rick T. Wilking/Getty Images Smaller players who sell on Amazonand eBay through their marketplaces and rely on Chinese suppliers may raise prices or have fewer offerings. TVs and electronics could see higher prices due t...
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British Airways was forced to apologize on Friday after the credit card details of hundreds of thousands of its customers were stolen over a two-week period in the most serious attack on its website and app.
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Alibaba jumps after Chairman Jack Ma says he could 'retire earlier' (BABA) Ruben Sprich/Reuters Alibaba shares jumped on Friday after Chairman Jack Ma told Bloomberg he could "retire earlier." In a profile, Ma said he wanted to follow the playbook of the billionaire andphilanthropistBill Gates....
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Cher revealed her workout routine that keeps her in amazing shape at 72 -- and it's surprisingly simple TheEllenShow/YouTube Cher appeared on "The Ellen DeGeneres Show" and revealed her "old-fashioned" workout routine. The singer does planks, squats, and fire hydrant moves to achieve a toned body. She also does Zumba and o...
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Tesla shares fell sharply and its junk bonds hit a new low on Friday after CEO Elon Musk appeared to smoke marijuana during a filmed interview.
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A romance novelist has been arrested on the charge of killing her chef husband Portland Police Bureau Romance novelistNancy L. Crampton-Brophy has been arrestedin connection to the murder of her husband, police say. Daniel Brophy was shot on June 2 at theOregon Culinary Institute. Brophy had worked...
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Zara Parent Inditex Will Sell All Brands Worldwide By 2020

Retail Touch Points - 7 Sep 2018 19:32
Zara Parent Inditex Will Sell All Brands Worldwide By 2020 Inditex, the Spain-based fashion group that operates fast fashion retailer Zara, will make all of its brands available online worldwide by 2020. Inditex sells brands including Pull&Bear, Massimo Dutti, Bershka, Stradivar...
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Canada is increasingly optimistic it can reach a deal with the United States to salvage the North American Free Trade Agreement, although it may take until the end of September, a source with direct knowledge of the talk...
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Chinese officials and executives of ExxonMobil Corp discussed a $10 billion investment by the U.S.-based firm in the southern province of Guangdong, Chinese state television reported on Friday.
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A member of the rich family behind OxyContin was granted a patent for addiction treatment AP Photo/Toby Talbot, File Dr. Richard Sackler, a member of the family that owns Purdue Pharma, was one of the six inventors awarded a patent for a treatment for opioid-use disorder. Critics told the Financial Times that...
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