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Monthly Archives: June 2017

Trump at Iowa rally promises Obamacare repeal, tax cuts

Charlie Neibergall | AP Photo President Donald Trump speaks during a rally, Wednesday, June 21, 2017, in Cedar Rapids, Iowa. The president highlighted the confirmation of Supreme Court Justice Neil Gorsuch and his plans to renegotiate the North American Free Trade Agreement, among other moves, as early successes of his …

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Sorry Wilbur Ross, China isn’t the most protectionist country — at least by tariffs

Commerce secretary and billionaire investor Wilbur Ross recently referred to China as “the most highly protectionist of the big countries” in an interview with the Wall Street Journal, repeating a claim he made back in January. But data seems to suggest otherwise. Average tariff rates are actually higher in Brazil …

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Review: ‘The Ornithologist,’ Cast Adrift on a Surreal Journey

Photo Paul Hamy as the title character in “The Ornithologist.” Credit Internet Video Archive You do not have to be a Portuguese Catholic to appreciate “The Ornithologist,” but I imagine that it really helps. The movie, written and directed by João Pedro Rodrigues, begins with a quotation from St. Anthony …

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McDonald’s McCafe is posing a major threat to Dunkin Donuts

Ron Antonelli | Bloomberg | Getty Images An employee fills a coffee order at a Dunkin’ Donuts location in Ramsey, NJ. The morning coffee rush may be smooth sailing for Dunkin’ Donuts, but when it comes to selling cups of Joe later in the day, the chain is struggling. Competitors …

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Benchmark’s Bill Gurley may be replaced on Uber’s board, report says

Patrick T. Fallon | Bloomberg | Getty Images Bill Gurley, general partner of Benchmark Capital Holdings Co. Bill Gurley, an outspoken venture capitalist at Benchmark, is in talks to leave Uber’s board, two unnamed sources told Bloomberg in a report published on Wednesday. Uber was not immediately available to comment …

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George Clooney’s Tequila Company Sold for Up to $1 Billion

Mr. Clooney and Mr. Gerber, the entertainment impresario who happens to be married to Cindy Crawford, took a different path. Per company lore, the two friends spent many a night conducting tequila “research” at their Casamigos vacation compound on the Baja Peninsula of Mexico. Continue reading the main story What …

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IPO or looser stock trading rules could boost morale

Udit Kulshrestha | Bloomberg | Getty Images Travis Kalanick, co-founder and chief executive officer of Uber Technologies. Former Uber CEO Travis Kalanick long resisted two things: Approving tips that would boost the income of Uber drivers, and making it easy for Uber employees to get rich by selling shares in …

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Why the hot stocks could keep rallying

Biotech stocks are enjoying a solid winning streak, and some strategists forecast the group could see further upside as one popular exchange-traded fund just broke through a round-numbered level. On Wednesday, the iShares Nasdaq Biotech ETF (IBB) rose by 4.1 percent, for its best session of the year. This market …

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North Korea and the death of Otto Warmbier weigh on US-China relations

Kyodo | Reuters Otto Warmbier (C), a University of Virginia student who was detained in North Korea since early January, is taken to North Korea’s top court in Pyongyang, North Korea, in this photo released by Kyodo March 16, 2016. Pyongyang had claimed Warmbier contracted botulism and fell into a …

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‘Substantial risk’ that Fed is about to make mistake, Pimco advisor

Andrew Harrer | Bloomberg | Getty Images Janet Yellen, chair of the U.S. Federal Reserve, speaks during a news conference following a Federal Open Market Committee (FOMC) meeting in Washington, D.C., U.S., on Wednesday, June 14, 2017. Fels joins a growing crowd that believes the Fed, with inflation tracking only …

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