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Monthly Archives: October 2018

Trump may visit Hurricane Michael storm zone ‘Sunday or Monday’ 

Pablo Martinez Monsivais | AP President Donald Trump meets with Homeland Security Secretary Kirstjen Nielsen and FEMA Administrator Brock Long in the Oval Office of the White House in Washington, Wednesday, Oct. 10, 2018. President Donald Trump on Wednesday received a briefing on Hurricane Michael, as the huge Category 4 …

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VW taps top Audi executive to run US operations 

David Paul Morris | Bloomberg | Getty Images Scott Keogh, in San Francisco, California, Sept. 18, 2018.  Volkswagen is hoping to replicate the success it has seen at Audi of America with the appointment of a new CEO at Volkswagen Group of America. Scott Keogh, who has served as president …

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Ford is recalling 200 of its $400,000 GT supercars

JEWEL SAMAD | AFP | Getty Images The Ford GT is pictured during the press preview at the 2018 North American International Auto Show (NAIAS) in Detroit, Michigan, on January 16, 2018.  Ford is recalling 200 of its six-figure GT supercars due to hydraulic fluid leaks that can cause fires, …

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Amid China trade war, US moves to broaden review of foreign investment

Patrick T. Fallon | Bloomberg | Getty Images Steven Mnuchin, U.S. Treasury secretary The Trump administration announced a plan that could put additional restrictions on foreign investment in U.S. companies. The Treasury said Wednesday it is expanding the power of a federal panel to review foreign investments beyond takeovers and …

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Trump slams ‘Medicare for all’ as GOP faces midterm onslaught

Kevin Lamarque | Reuters President Donald Trump delivers remarks on the United States-Mexico-Canada Agreement (USMCA) during a news conference in the Rose Garden of the White House in Washington, U.S., October 1, 2018. President Donald Trump on Wednesday attacked “Medicare for all” proposals pushed by progressives and supported by many …

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Investor-owned hospitals brace for Hurricane Michael’s fury

HCA executives are meeting Wednesday morning to discuss the possible impact and preparations. A Community Health Systems’ spokesperson was not immediately available for comment. Universal Health Services said it was working to provide information. Shares of HCA Healthcare and Universal Health Services were marginally higher in Wednesday’s session, each up …

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GM appoints an ex-CIA deputy director to its board

Patrick T. Fallon | Bloomberg | Getty Images Jami Miscik, vice chairman and chief executive officer of Kissinger Associates Inc., speaks during the Fortune’s Most Powerful Women conference in Dana Point, California, U.S., on Wednesday, Oct. 3, 2018.  General Motors appointed a former deputy director of intelligence at the Central …

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Top pot analyst says weed market bigger than first thought

The cannabis industry’s rapid evolution and new strategic partnerships with mainstream brands reveal a far larger possible market for legal marijuana than investors and analysts first anticipated, according to Cowen. “With cannabis, you’re talking about this massive step change in terms of the addressable market,” Vivien Azer said on CNBC’s …

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China increases investment in emerging private space industry

China is upping bets on private space companies, leading among countries expanding market share in the nascent industry during the third quarter, according a report from Space Angels, an investing firm specializing in private space ventures. Chinese space companies drew $69 million of investment in the third quarter, more than …

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Mnuchin warns China against weakening its currency

Treasury Secretary Steven Mnuchin has told China not to weaken its currency as the U.S. and China try to resolve their trade differences. Mnuchin told the Financial Times the Treasury Department is closely watching the currency market and wants to talk about the issue with China as part of trade …

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