Category: random
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The trade war is growing. Time to worry?
The US stock market is outperforming the rest of the world. The question is how long that can go on. The trade war is growing. The Trump administration will impose tariffs on $200 billion in Chinese goods starting next week, sharply escalating its penalties against Beijing. China plans retaliatory tariffs on US products worth $60…
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Amazon is now the third-biggest ad platform in the United States
Is Amazon a monopoly? Amazon already dominates a multitude of businesses. Online advertising may be next. Amazon (AMZN) is expected to move ahead of Microsoft (MSFT) and Oath, the Verizon (VZ) subsidiary that owns AOL and Yahoo, into third place in the US digital ad market, according to a report released Wednesday by the research…
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China says it will never use its currency as a weapon in the trade war
GoPro CEO: We’re ‘actively looking’ to source outside of China The trade war between China and the United States is intensifying, but Beijing has just taken one potential weapon off the table. Premier Li Keqiang told an audience of global executives and policymakers that China would not weaken the yuan to boost trade with the…
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United courts fliers with fewer lines
Dog reunited with owners after Japan detour United Airlines wants to cut delays. Its solution: Fewer lines. The airline on Tuesday changed its boarding process: United reduced the number of boarding lines from five to two. Passengers in groups one and two will board in a single line. Remaining passengers will be asked to remain…
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1 in 4 investors bracing for global growth to slow
Analyst: Trade war is big headline, not big problem Wall Street doesn’t seem to care about the escalating trade war between the United States and China. The Dow jumped 175 points and the Nasdaq climbed 1% on Tuesday despite Washington and Beijing pushing ahead with another round of punishing tariffs. Investors are betting the US…
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Tesla stock tumbles on report of criminal probe of Musk claims
Justice Department investigating Elon Musk’s Tesla tweet The Justice Department is investigating whether comments made by Tesla CEO Elon Musk last month about taking his company private were illegal, the automaker confirmed Tuesday. The company said it had received a voluntary request for documents and is cooperating. Tesla said it had not been subpoenaed. “We…
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Wall Street pay is the highest since the financial crisis
Wall Street’s view of the next crisis Wall Street pay keeps rising. Including bonuses, the average salary in New York City’s securities industry jumped by 13% to $422,500 in 2017, according to a report from New York State Comptroller Thomas DiNapoli. That’s the highest figure since 2008 and the third-highest on record, once adjusted for…
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Papa John's new campaign pushes Papa John further away
Papa John’s is losing the pizza wars. Big time. Papa John’s new ad campaign makes a clear statement: The pizza chain is moving on without Papa John. On Tuesday, the embattled pizza company released a new commercial featuring a diverse panel of franchisees and employees. “You’ve heard one voice of Papa John’s for a long…
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What they're saying about the trade war at China's 'Davos'
US-China trade war may raise gadget prices Business leaders and officials in China say that Beijing is ready to dig in for a war of attrition with the United States on trade. The Trump administration launched its biggest barrage of tariffs yet just as top executives and policymakers were gathering for the start of a…
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FedEx CEO lashes out against tariffs and trade war
Boeing CEO: Global trade extremely important to us The CEO of FedEx is not happy about President Trump’s latest tariffs against China and the escalating global trade war. Not one bit. Chief executive Fred Smith told analysts on Monday that the US-China trade spat “is worrisome to everyone.” And he was just getting started. “History…