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Business News

Location American Business News for 15 September 2018
Want to be in the top 1 percent? Here's what you have to earn in your state A family earning $422,000 a year ranks in top one percent nationwide. But as income levels vary by state, so does what it takes to be a one-percenter.        
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Adolphus Busch V is the latest heir to an American business empire to turn to weed.
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Trump, Dimon, and the Financial Crisis

Barron's - 15 Sep 2018 05:41
Trump, Dimon, and the Financial Crisis Policies meant to battle the debacle persist, a decade after the failure of Lehman Brothers.
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Twitter CEO admits conservative employees 'don't feel safe' expressing opinions Twitter Chief Executive Jack Dorsey admits conservatives are afraid to speak their mind while working at the social network. Conservative employees "don't feel safe to express their opinions" within the company, Dorsey t...
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Congress' Failed Stock Market Experiment Cost Investors $900 Million Congress pushed a pilot program to make small-cap stocks more profitable to Wall Street and spur trading. The failed test will end this month. And Washington doesn't want to discuss it.
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As the Cincinnati bank seeks to regroup after the fatal shootings at its headquarters, the incident underscores the need for preparedness at banks and credit unions of all sizes, workplace safety experts say.
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White Collar Watch: Companies Are Pushing for Less Disclosure. Is That Good for Investors? Securities laws were built around the concept that more information is the best protection for shareholders. But companies are striking back at rules.
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Expect Cement and Rock Stocks to Bounce

Barron's - 15 Sep 2018 02:00
Expect Cement and Rock Stocks to Bounce The stocks of the main players in the cement and rock-mining industry have tumbled, but there is reason to expect a rebound soon.
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J.Crew is trying out a new look, but it still hasn't fixed one of customers' biggest complaints. Here's what it's like to shop there now. J.Crew is redefining its look as it works to win back customers. The namesake brand saw its sales decrease forthree consecutive years prior to its most recent fiscal quarter, whencomparable sales increased by 1%. The new...
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Sri Lanka is building a $15 billion metropolis meant to rival cities like Hong Kong and Dubai CHEC Port City Colombo (Pvt) Ltd Sri Lanka is using a $1.4 billion Chinese investment to start building a new metropolis. The full project, scheduled for completion in 2041, could end up costing about $15 billion. At 665...
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Analysts say gas prices in New Jersey and elsewhere could be affected by the storm hitting the Carolinas. AAA Mid-Atlantic says the average price of a gallon of regular gas …
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A thermometer of the goods-based economy is slowing down

Business Insider - 15 Sep 2018 16:11
A thermometer of the goods-based economy is slowing down Scott Olson/Getty Images Freight shipment volume across all modes of transportation – truck, rail, air, and barge – rose 6% in August. That is the smallest increase since October 2017. Shippers are going to be out of...
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3 Cheap Funds That Profit From Rising Rates

Forbes - 15 Sep 2018 14:34
3 Cheap Funds That Profit From Rising Rates It's a question I get from investors all the time: how should I invest when interest rates rise?
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She Dropped Out of High School. Now She's President of the San Francisco Fed. Mary Daly, the head of research at the San Francisco Fed, will take over as the bank's president on Oct. 1.
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Missouri lawmakers passed bills during a special session Friday aimed at expanding courts for people struggling with addiction in the state and encouraging high school students to take computer science …
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The vast majority of Hawaii's state-regulated dams are considered to have "high hazard potential," according to a 2017 infrastructure report by the American Society of Civil Engineers. One of the …
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Campbell Soup Co and hedge fund Third Point LLC on Friday filed preliminary proxy materials urging the food company's shareholders to vote in favor of two entirely different slates of board nominees.
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Brazil is ready to launch small commercial rockets from its space base near the equator as soon as it agrees to safeguard U.S. technology that is dominant in the industry, the Brazilian Air Force officer managing the spa...
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The $506 million-asset GFA Federal Credit Union says it will begin accepting clients in the recreational marijuana business, making it the first Massachusetts financial institution to do so.
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Banks are running out of time to regain public trust

American Banker - 15 Sep 2018 02:08
The industry risks losing more business to fintech startups and facing increased attacks in Washington if they can't shore up their reputation.
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A Spanish-speaking Taco Bell worker in Florida has been fired after video showed her refusing to serve some English-speaking customers. Taco Bell Corp. told the Miami Herald Friday that a …
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A legal dispute over whether the Louisiana Legislative Auditor can access a sheriff's department personnel files will remain in northwest Louisiana. KTBS-TV reports the Louisiana Supreme Court turned down an …
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