Pretty much every country in the world now has an obesity crisis. But no one’s really figured out what to do about it. One of the most avant-garde obesity policy experiments is happening in Chile, where health officials are trying to revolutionize nutrition labeling. Instead of cramming percentages and numbers […]
CNBC News
First-come, first-serve: Trump will let some student loan borrowers erase their debt
As part of the new $1.3 trillion federal spending bill, Congress authorized a $350 million “fix” to fund a popular student loan forgiveness plan that many financial experts say is failing. If you thought or were told you didn’t qualify for the Public Service Loan Forgiveness program because you were […]
Twitter bans cryptocurrency advertising, joining other tech giants in crackdown
Twitter announced Monday it will ban advertising for cryptocurrencies, joining advertising giants Google and Facebook in a wider crackdown that aims to protect investors from fraud. “We are committed to ensuring the safety of the Twitter community. As such, we have added a new policy for Twitter Ads relating to […]
Fed’s Dudley pushes to change pay structure for bank execs and wants them held liable for scandals
Banks need to stop rewarding the kind of bad behavior that led to the Wells Fargo fake accounts scandal and other banking misdeeds, New York Fed President William Dudley said Monday. With Congress pushing through rollbacks to the Dodd-Frank reforms passed following the financial crisis, Dudley said the lessons from […]
Raytheon and these other stocks could win if there’s a trade war with China
Several companies will benefit relative to the broader market if a global trade war emerges, UBS told clients Monday. In light of President Donald Trump’s tariffs on Chinese goods and proposed levies on industrial and technological imports, a number of domestically oriented companies in those sectors could be safer stock […]
Facebook stock drops 5% after FTC announces it’s probing data practices
Shares of Facebook fell as much as 5 percent Monday after the FTC confirmed it’s investigating the company’s data practices in the wake of the Cambridge Analytica breach. “The FTC takes very seriously recent press reports raising substantial concerns about the privacy practices of Facebook. Today, the FTC is confirming […]
4 secrets to raising wealthy kids, according to the billionaire Rockefeller family
In many cultures, there is an age-old saying that wealth is made and lost in three generations. In the U.S. we say, “shirtsleeves to shirtsleeves in three generations,” and in Japan it’s “rice paddies to rice paddies in three generations.” Wealth, in other words, rarely lasts much beyond the grandkids. […]
General Electric shares drop to lowest level since July 2009
Shares of General Electric dropped below $13 in Monday trading. The company’s stock fell as far as $12.86, the lowest level since July 2009. Pressure on GE has not let up this year, with the stock sliding more than 25 percent. A dismal 2017 saw company shares slide 42 percent. […]
Trump lawyer tells porn star to ‘cease and desist’ after ’60 Minutes’ interview
President Donald Trump‘s personal lawyer Michael Cohen demanded that adult-film star Stormy Daniels “cease and desist,” Fox News reported on Monday, after she spoke in a “60 Minutes” television interview about her alleged affair with Trump and the threat she said she received to stay silent. Fox reported that Cohen’s […]
Walmart unit Jet.com taps Tesco veteran Simon Belsham as president
Walmart‘s Jet.com has named Tesco veteran Simon Belsham as president of the e-commerce company, effective immediately, the company said Monday. Belsham will be responsible for expanding the company’s online grocery business, Walmart e-commerce CEO Marc Lore said in a memo to employees. Belsham spent seven years at Tesco, one of […]