Business

Business

AP FACT CHECK: Trump disdained jobless rate, now loves it

Trump One Year Photo Gallery

WASHINGTON (AP) — Donald Trump, the presidential candidate, would not like the way Trump, the president, is crowing about today’s unemployment rate. He’d be calling the whole thing a “hoax.” Trump raised a red flag about declining jobless numbers during his campaign, so as to deny President Barack...


Business

Big towers to rise near historic Jamestown: $90M in payouts

Jamestown Power Towers

NORFOLK, Va. (AP) — A big change is looming on the horizon near Jamestown Island, site of Britain’s first permanent settlement in North America: 17 transmission towers — four nearly as tall as the Statue of Liberty — are set to rise to help meet Virginia’s growing energy appetite. But not everyone...


Business

As bitcoin sinks, crypto bros party hard on a blockchain cruise

(c) 2018, Bloomberg. When 600 cryptocurrency enthusiasts set sail from Singapore on Monday night for their second annual Blockchain Cruise, the price of bitcoin was hovering comfortably above $13,500. By the time their 1,020-foot-long ship pulled into Thailand on Wednesday, for an afternoon of...


Business

How a 22-year-old discovered the worst chip flaws in history

(c) 2018, Bloomberg. In 2013, a teenager named Jann Horn attended a reception in Berlin hosted by Chancellor Angela Merkel. He and 64 other young Germans had done well in a government-run competition designed to encourage students to pursue scientific research. In Horn’s case, it worked. Last...


Business

Beware the $500 billion bond exodus as offshore cash comes home

(c) 2018, Bloomberg. Farewell, Ireland: it looks like corporate America will finally bring that cash home. For years, the likes of Apple and Microsoft have stashed billions of dollars offshore to slash their U.S. tax bills. Now, the tax-code rewrite could throw that into reverse. The implications...


Business

Big tech dealmaking accelerates in signal smart cities are near

(c) 2018, Bloomberg. Robot driven taxis and computers eliminating traffic jams may appear sooner than you think after some of the biggest technology companies picked up the pace of dealmaking to bring about “smart cities” of the future. Thirty-five agreements were signed between technology...


Business

Economics may not be driving corporate generosity

(c) 2018, The Washington Post. Republicans have been touting the number of companies handing out employee bonuses and pay raises - such as Walmart and Bank of America - as a surprising sign that the Trump administration’s tax cuts are working their economic magic faster than anyone expected. “It...


Business

US government shuts down; Dems, GOP blame each other

Trump Budget Battle-4

WASHINGTON (AP) — The federal government shut down at the stroke of midnight Friday, halting all but the most essential operations and marring the one-year anniversary of President Donald Trump’s inauguration in a striking display of Washington dysfunction. Last-minute negotiations crumbled as...


Business

The Latest: Schumer says Trump 'backed off' deal

Trump Budget Battle-3

WASHINGTON (AP) — The Latest on the budget battle in Congress (all times local): 12:50 p.m. Senate Minority Leader Chuck Schumer is accusing President Donald Trump of reneging on a deal he thought they had neared on immigration and spending. The New York Democrat said on the Senate floor that after...


Business

How major US stock indexes fared on Friday

Stocks closed higher Friday, driving several of the major indexes to record highs. Retailers, banks and consumer goods companies accounted for much of the latest gains, which reversed modest losses from a day earlier. Energy stocks fell along with crude oil prices. Utilities also declined as bond...


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