President Donald Trump said he will make his announcement on steel and aluminum tariffs at a 3:30 p.m. ET meeting Thursday. The announcement comes a week after Trump said he would institute a 25 percent tariff on steel imports and a 10 percent tariff on aluminum. The move rattled markets […]
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WeWork is on an acquisition spree — and they’re all over the board
WeWork’s acquisition of digital marketing company Conductor Tuesday marks its fifth acquisition in the past seven months. Since raising $4.4 billion from SoftBank — whose CEO has told founder Adam Neumann to grow WeWork “10 times bigger than your original plan” — the company has been acquiring companies at at […]
Queen Elizabeth II has made $9 million from her side hustle
Queen Elizabeth II has a lucrative side hustle: horse racing. Over the past 30 years, the pastime has earned her $9,372,441, reports USA Today, citing data from MyRacing.com. According to the site’s report, the Queen has claimed 452 wins out of 2,834 races, about 16 percent. Her best year was […]
How much you have to earn to live comfortably in the 15 largest US cities
The biggest cities in the United States also tend to be some of the most expensive. Living in Manhattan, for example, costs 128 percent more than the U.S. average, according to data from Kiplinger. So what does it take to afford the country’s most popular locations? Using MIT’s living wage […]
US weekly jobless claims bounce back from 48-year low
The number of Americans filing for unemployment benefits rebounded last week from a more than 48-year low, but the trend continued to point to robust labor market conditions. Initial claims for state unemployment benefits increased 21,000 to a seasonally adjusted 231,000 for the week ended March 3, the Labor Department […]
Stocks making the biggest moves premarket: CI, WYNN, XOM, AAPL, AMZN, JPM & more
Check out which companies are making headlines before the bell: Cigna — The U.S. health insurer announced plans to buy pharmacy benefit manager Express Scripts in a $67 billion cash-and-stock deal, which includes Cigna taking on about $15 billion in debt. Cigna would find a new partner in Express Scripts, […]
ECB’s Draghi talks policy after the central bank drops its easing bias
[The stream is slated to start at 13:30 GMT. Please refresh the page if you do not see a player above at that time.] European Central Bank (ECB) President Mario Draghi is speaking at the institution’s headquarters in Frankfurt, Germany, following the Governing Council’s interest rate decision. Investors will be […]
Exxon CEO: Trump tariffs move us ‘in the opposite direction’ from tax cut and deregulation benefits
President Donald Trump‘s trade tariff plan could undo some of the “positive steps” forward that businesses experienced from the GOP corporate tax cut and deregulation, Exxon Mobil Chairman and CEO Darren Woods told CNBC. Exxon’s long-range investment plans, such as last year’s announcement to spend $20 billion through 2022 to […]
What swamp? Lobbyists get ethics waivers to work for Trump
President Donald Trump and his appointees have stocked federal agencies with ex-lobbyists and corporate lawyers who now help regulate the very industries from which they previously collected paychecks, despite promising as a candidate to drain the swamp in Washington. A week after his January 2017 inauguration, Trump signed an executive […]
China’s failing space station is most likely to crash in one of these countries
Experts have identified the areas where an out-of-control Chinese space station could crash down in the coming weeks. Launched in 2011, the 8.5-ton Tiangong-1 space laboratory, also known as “Heavenly Palace” has been gradually decaying and, in 2016, authorities admitted its functions were failing. In the latest assessment, the U.S.-funded […]