Trump's Dollar Confusion
Donald Trump’s most recent tirade that the strength of the dollar is “killing us” would seem to confirm that policy consistency and clear economic thinking are not his strong suits. Otherwise, how could he be railing against the dollar’s strength while at the same time championing economic policies that make it all but certain that the dollar will continue to rise? Similarly, how can he be berating a country like China for artificially manipulating its currency for competitive advantage, when he..>> view originalUber to Pay $20 Million to Settle FTC Charges on Earnings Claims for Drivers
WASHINGTON—Uber Technologies Inc. agreed Thursday to pay $20 million to resolve Federal Trade Commission allegations that it misled drivers about potential earnings and vehicle financing. The consumer protection agency alleged that Uber exaggerated the...>> view originalWhen food safety crisis hit, Perdue had to prepare for next one
This century's most deadly outbreak of foodborne illness came out of the state of Georgia while secretary of agriculture nominee Sonny Perdue was governor, and there was not much he could do about it. After King Nut peanut butter made by Peanut ...>> view originalIBM Revenue Declines Again Amid Transformation
International Business Machines Corp. recorded its 19th consecutive quarter of declining revenue, as it continued to try to offset declines in older businesses with sales in newer ones that are growing rapidly. Fourth-quarter revenue at the Armonk, N.Y., computing giant slid 1% from the year-earlier period to $21.8 billion. Net profit edged up nearly 1% to $4.5 billion, though that still left profit 11% lower for the full year, at...>> view originalChina's Economy Grows Strongly, Yet Central Bank Eases Policy
The Chinese government appears to have delayed an economic reckoning, but at a high cost. The central bank and state-owned banks shoveled trillions of renminbi into a surge of credit, putting aside longstanding worries about a deeply indebted corporate sector and signs of a real estate bubble. The government borrowed and spent heavily, continuing oversize projects like the construction of world-class highways and high-speed rail lines to cities that are increasingly remote from the main hubs of..>> view originalYellen Backs Gradual Rate Rises as Fed Not Behind the Curve
Federal Reserve Chair Janet Yellen backed a strategy for gradually raising interest rates, arguing that the central bank wasn’t behind the curve in containing inflation pressures but nevertheless can’t afford to allow the economy to run too hot.“I consider it prudent to adjust the stance of monetary policy gradually over time,” she said Thursday in remarks to the Stanford Institute for Economic Policy Research in California, while stressing the considerable doubt surrounding that outlook.Yellen..>> view originalTV networks are copying Netflix's binge-watching model
TV networks want to get in on binge-watching. Netflix LOS ANGELES, Jan 20 (Reuters) - Traditional TV networks are following Netflix Inc's lead by releasing all new episodes of a series at the same time, a step to win over binge viewers who do not want to wait a week for the next installment. The move poses a direct challenge to Netflix and a way for more traditional networks to reach for younger, digital-savvy consumers who insist on watching on their own schedules. W..>> view originalSteven Mnuchin, Treasury Nominee, Failed to Disclose $100 Million in Assets
Senator Debbie Stabenow, Democrat of Michigan, pointedly asked Mr. Mnuchin if he was using Cayman Islands corporations to avoid taxation. He responded that he was working on behalf of his clients, in accordance with the law. Video At Mnuchin Hearing, an Offer of Valium Things got heated on Thursday when Steven T. Mnuchin, the nominee for Treasury secretary, testified before the Senate Finance Committee. By THE NEW YORK TIMES. ..>> view originalIn Navient Lawsuits, Unsettling Echoes of Past Lending Crisis
Sound familiar?State and federal lawsuits filed this week accused Navient, the largest collector of student loan payments in the nation, of the kind of sloppiness and misleading tactics that emerged in the mortgage market in the years after the financial crisis. The company, which is fighting the lawsuits, has denied wrongdoing.“Navient has a well-established, superior track record of helping student loan borrowers succeed in repayment,” Patricia Nash Christel, a company spokeswoman, said in a ..>> view originalSoros says he would like to see Trump fail as president
Billionaire investor and Democratic donor George Soros said in an interview Thursday that "people like me" would like President-elect Donald Trump to fail as president. He made the comment during an interview with Bloomberg News at his annual media dinner at the World Economic Forum in Davos. The 86-year-old was recently in the news when he reportedly lost nearly $1 billion after Trump's election over a too-cautious approach to the market. “I personally am convinced that he is going to fail,” S..>> view original
Friday, January 20, 2017
Trump's Dollar Confusion and other top stories.
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