Chinese President Xi Jinping will meet with Treasury Secretary Steven Mnuchin and U.S. Trade Representative Robert Lighthizer on Friday as both sides pursue a trade deal before an early March deadline, the South China Morning Post reported. The report, which cites sources close to the matter, said Xi “is scheduled […]
CNBC News
More Californians are considering fleeing the state as they blame sky-high costs, survey finds
LOS ANGELES — A growing number of Californians are contemplating moving from the state — and not due to wildfires or earthquakes but the sky-high cost of living, according to a survey released Wednesday. The online survey, conducted last month by Edelman Intelligence, found sentiment of leaving the nation’s most […]
CVS Health shows off new HealthHUB store design. Makeover includes wellness rooms for yoga
CVS Health unveiled its new health-focused concept store that’s designed to help the pharmacy chain become more of a health-care provider than a place to pick up prescriptions and greeting cards. The three new pilot stores in Houston, Texas have been redesigned with much more space devoted to services to […]
Ford executive raises doubts about VW deal for electric vehicles
Ford and Volkswagen appear increasingly unlikely to pull together a deal to work together on battery-electric vehicles, a senior executive with the Detroit automaker said this week. The two companies last month announced plans to team up on the development of light commercial vehicles, and confirmed that other projects were […]
Self-driving truck startup achieves unicorn status in funding round that values it at $1 billion
TuSimple, an autonomous trucking company based in San Diego, has achieved unicorn status on Wall Street with a fresh funding round that values the startup at $1 billion, the company said Friday. The company raised another $95 million in a series D funding led by SINA corp and Composite Capital, […]
Amazon is not guaranteeing you any privacy, Facebook co-founder says
Sean Parker, founding president of Facebook, said that Amazon is not guaranteeing users any privacy. Parker said when it comes to privacy, he worries more about Amazon than Facebook, pointing to the retail giant’s voice assistant devices called Alexa. “If you’re having a conversation in front of an Alexa-enabled device, […]
Don’t expect US sanctions against Venezuela to fuel a rally in oil prices, IEA says
Energy market participants may be able to adjust to U.S. sanctions against Venezuela‘s crude industry, the IEA said in its closely-watched report on Tuesday. The report comes at a time when tensions in Venezuela are reaching boiling point, with the oil-rich, but cash-poor, country in the midst of the Western […]
Here are the three ‘stupid’ things millennials waste money on, says Kevin O’Leary
It’s no secret that millennials are in debt. Massive debt. The average American aged 25 to 36 years old is in debt to the tune of about $42,000, and most of it isn’t even from student loans — it’s from credit card spending. Credit card debt in America surpassed $1 […]
South Korea pushes back on Trump claims about more money for troop agreement
South Korea’s presidential Blue House pushed back on Wednesday against comments by U.S. President Donald Trump suggested Seoul had agreed to pay $500 million more towards maintaining U.S. troops in the country. Trump said at a cabinet meeting in Washington on Tuesday Seoul had agreed to pay $500 million more […]
China is going to need more foreign money as its trade surplus dries up, Morgan Stanley says
China will likely become more reliant on foreign capital as the country looks set to enter into years of shortfall in its current account, Morgan Stanley predicted in a report. “The economy’s current account is in long-term decline and the future growth of the economy will be increasingly dependent on […]