In the space of a week, U.S. President Donald Trump’s steel and aluminum tariffs went from a “no exemptions” plan to one filled with carve-outs for Canada and Mexico, and likely for other allies and hundreds of imported products not available domestically. People familiar with the shift say Trump’s mind […]
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A retail expert explains why giving ailing malls a workout just won’t work
With retailers closing a record number of stores last year, malls have been experimenting with new types of businesses to drive traffic: Everything from restaurants and movie theaters to mini golf courses. Now, there’s a new strategy that’s heating up – the gym. Over the last five years, gym leases […]
Deutsche Bank bosses to forego bonuses after third annual loss
Top managers at Deutsche Bank will forego their annual bonuses, CEO John Cryan said, after coming under fire for awarding big incentive payouts even though Germany’s largest bank lost money last year. Cryan was quoted by the Zeit weekly as saying the 12-member executive board would not get bonuses for […]
‘There’s a lot of fear’: Critics silenced ahead of China’s move to allow Xi to rule indefinitely
The day China’s ruling Communist Party unveiled a proposal to allow President Xi Jinping to rule indefinitely as Mao Zedong did a generation ago, Ma Bo was so shaken he couldn’t sleep. So Ma, a renowned writer, wrote a social media post urging the party to remember the history of […]
Putin says he ‘couldn’t care less’ if Russians meddled in 2016 elections that got Trump elected
Russian President Vladimir Putin told NBC News he “couldn’t care less” if citizens of his country meddled in the 2016 U.S. elections because they were not linked to the Kremlin. In an interview with NBC, Putin denied U.S. charges that he was behind the interference in the elections which resulted […]
France signs deals worth $16 billion in India on Macron’s visit to the country
French and Indian companies signed contracts worth 13 billion euros (£16 billion) on the first day of President Emmanuel Macron’s visit to India on Saturday, the French presidency said in a statement. The deals include a contract for France’s Safran to supply airline Spice Jet with engines, water system modernization […]
US’s Tillerson ‘not feeling well’, cancels activities in Kenya
U.S. Secretary of State Rex Tillerson cancelled scheduled events on Saturday on the second day of a visit to Kenya because “he is not feeling well”, a State Department spokesman said. “The secretary is not feeling well after a long couple days working on major issues back home such as […]
Here’s why the jury’s still out on whether tech can fix a problem it helped create–lack of sleep
If you’re reading this, chances are you aren’t sleeping very well at night, and one of the biggest reasons why may be right in the palm of your hand. A raft of recent data suggest Americans aren’t getting much rest, which is a bigger problem than many realize: A 2016 […]
Ways the NCAA can reform its image, and (maybe) compensate its athletes
Basketball fever will soon be unleashed, as college basketball’s annual “March Madness” tournament nears. Nearly 70 of the best NCAA Division 1 (D1) teams will play in the “big dance” elimination tournament, where anything can happen — and often does. Only this year, college basketball finds itself in a precarious […]
Cramer Remix: Surprise! Defense stocks’ struggles aren’t linked to tariffs
Tariffs may have gripped the market’s narrative for most of the week, but CNBC’s Jim Cramer found one group of stocks declining because of something totally different. Responding to a caller’s question on the stock of Raytheon on Friday, the “Mad Money” host said another geopolitical story was putting pressure […]