Pedestrians walk along Broadway near the New York Stock Exchange. Michael Nagle | Bloomberg | Getty Images Technology, rare earth minerals and the education sector have been dragged into the scuffle between China and the U.S., but as Beijing considers more countermeasures, experts said America’s financial sector is unlikely to […]
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StanChart chairman: It’s grown more likely that the world will split in two
U.S. and Chinese flags seen at the US Department of State May 23, 2018 in Washington, DC. Brendan Smialowsk | AFP | Getty Images As tensions between the U.S. and China rise, it’s become increasingly likely that the world will split in two, warned the chairman of a major British […]
Walmart is going to start delivering groceries inside shoppers’ homes
A Walmart worker puts groceries in a customer’s refrigerator. Source: Walmart BENTONVILLE, Ark.— Walmart is going to begin delivering groceries inside shoppers’ homes. Right to their kitchen refrigerators. Starting this fall, nearly 1 million people across three cities — Kansas City, Missouri, Pittsburgh and Vero Beach, Florida — will have […]
Economists: The Fed ‘isn’t enough’ to offset damage of tariff skirmishes with China and Mexico
Federal Reserve Board Chairman Jerome Powell at a news conference in Washington, DC, Jan. 30, 2019. Saul Loeb | AFP | Getty Images A dovish Federal Reserve can use tools such as rate cuts to lessen the damage of America’s tariff skirmishes with China and Mexico, but it is either […]
India has to create more jobs. Modi may need some help from state governments
An Indian factory worker using a textile fabricating machine at a production unit in the south Indian city of Tiruppur. Arun Sankar | AFP | Getty Images Prime Minister Narendra Modi won a strong mandate at the recent Indian parliamentary elections, but his government has its work cut out for […]
Grammy-winning New Orleans musician Dr John dead at 77
Mac Rebennack aka Dr. John performs during the Mac Month Kick-Off Party celebrating his 77 years in the music industry at Napolean House on November 1, 2017 in New Orleans, Louisiana. Erika Goldring | Getty Images Dr. John, a six-time Grammy winner who in his incarnation as the “Night Tripper” […]
Joe Biden says he now supports federal funding of abortion, in second apparent reversal
Democratic presidential candidate, former Vice President Joe Biden speaks during the Human Rights Campaign dinner at Ohio State University, Saturday, June 1, 2019, in Columbus, Ohio. Paul Vernon | AP Joe Biden, the front-runner in the Democratic presidential primary, said Thursday that he supports the repeal of the Hyde Amendment, […]
Apple supplier Foxconn said to plan management overhaul as its chairman seeks Taiwan presidency
Chinese workers assemble electronic components at the Taiwanese technology giant Foxconn’s factory in Shenzhen, China. AFP | AFP | Getty Images Apple supplier Foxconn is planning to overhaul its management structure to get more senior executives involved in the running of its daily operations, a person with direct knowledge of the matter told Reuters. […]
IBM is laying off more than 1,000 employees
Ginni Rometty, President and CEO of IBM, speaking at the @Work event in New York City, on April 2, 2019. Cindy Ord | CNBC IBM confirmed on Thursday that it’s laying off a small percentage of employees, confirming reports that appeared earlier in the day on TheLayoff, an online message […]
Microsoft and Amazon took a look at Looker before Google’s $2.6 billion purchase
Tony Avelar | Bloomberg | Getty Images After Google cloud chief Thomas Kurian approached data analytics company Looker about a potential tie-up earlier this year, Looker turned to a familiar face in Silicon Valley for advice: Frank Quattrone. Quattrone’s investment bank, Qatalyst Partners, shopped around for potential bidders and got […]