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Business News

Location American Business News for 27 November 2018
Queen Of Long Island City Real Estate Chats About Career, Amazon HQ2 News Arlinda Dine, who has secured $5 billion in sales with the LIC-based firm Modern Spaces, opens up about women in the new development sector, her own path to success and Amazon's affect on the future of Queens.
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WATCH: GM to shutter 5 factories, cut 14,000 jobs General Motors, the largest U.S. automaker, announced it would eliminate up to 14,000 jobs in North America as five plants are slated to be shut down by the end of 2019.
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(The Nov. 26 story corrects paragraphs 4 and 5 to show the SEC filed charges against Musk and Tesla, and that Musk and Tesla settled those charges without admitting or denying the SEC's allegations)
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The digital currency market takes another step toward shoring up its reputation on Tuesday with the announcement that a group of firms have joined forces to create an industry code of conduct.
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In its latest move to show it is open for foreign businesses ahead of a summit with President Trump and other Western leaders, China paved a way for German insurer Allianz SE.
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Jack Ma, the head of e-commerce giant Alibaba Group Holding Ltd and China's best-known capitalist, is a Communist Party member, the official Party newspaper said on Monday, debunking a public assumption the billionaire w...
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Record Saudi oil production pulled down crude prices on Tuesday amid cautious trading ahead of the G20 gathering that starts in Argentina on Friday and next week's OPEC meeting in Austria.
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The $26.1 million campaign to decide whether to raise tobacco taxes to pay for the Montana's Medicaid expansion program was the state's most expensive ballot measure in at least the …
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It’s official -- these 5 social security changes are coming for 2019 Changes are coming to the Social Security program.        
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US stocks edge lower as tariff threat hits tech stocks US stocks are lower Tuesday after President Trump said he expects to put more tariffs on Chinese imports, and other groups of stocks are down after a strong gain the day before
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When prices fall, someone is buying up those shares.
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Markets Right Now: Stocks open lower on Wall Street

Miami Herald - 27 Nov 2018 16:43
The latest on developments in financial markets (all times local): 9:35 a.m. Stocks are opening modestly lower on Wall Street following a big gain the day before. Technology and health …
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Alibaba's Jack Ma revealed to be a Communist Party member Jack Ma, the head of e-commerce giant Alibaba Group Holding and China's best-known capitalist, is a Communist Party member, the official party newspaper said on Monday, debunking a public assumption the billionaire was p...
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Why High-Yield Debt, Not Stocks, Is Worrying The Fed Given Fed Chair Jerome Powell's background managing specialty finance and leveraged buyout funds, the high-yield debt market may provide investors with the most reliable signals as to what may slow the Fed's steady pace ...
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H&M to shut down its Cheap Monday brand

New York Post - 27 Nov 2018 16:28
H&M to shut down its Cheap Monday brand H&M, the world's second-biggest fashion retailer, said on Tuesday it would close down its struggling independent brand Cheap Monday. H&M in 2008 bought Fabric Scandinavien, the owner of the Cheap Monday brand, whose trad...
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Dental hygiene startup Quip has raised $40 million in an equity and debt round of funding, with plans to launch new consumer products and dental services.
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Starbucks concocts new winter drink and contest with 30 years of free drinks up for grabs Starbucks has a new winter drink, the Juniper Latte, plus the coffee giant has announced the return of its popular Starbucks for Life contest.        
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Making Cryptocurrency More Environmentally Sustainable

Harvard Business Review - 27 Nov 2018 16:00
Last year, blockchain activity used more power than 159 individual nations.
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Despite court challenge, California pushes forward with retirement program for all workers in state Workers at architecture firm and general contractor Walker Workshop have planned and built high-end homes from Long Island to the Hollywood Hills. But planning for retirement and building savings is another story. Like m...
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Wall Street was set to open lower on Tuesday after President Donald Trump said he would move ahead with more tariffs on Chinese goods, dampening optimism of resolving the ongoing trade spat at the upcoming G20 Summit.
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Viagogo ordered to clean up ticket sales A court instructs the ticket reseller to warn buyers if there is a risk of being turned away at the door.
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Twitter And Chipmakers Provide Good Value As Volatility Becomes The Norm Again With the ten-year run of mostly uninterrupted gains coming to an end, it will be far more difficult to gain an advantage. Twitter and a slew of now-down trodden chip makers could provide an answer.
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