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Monthly Archives: December 2018

Trump threatens to close Mexico border, blames Democrats over shutdown

Mohammed Salem | Reuters Migrants from Honduras, part of a caravan of thousands from Central America trying to reach the United States, walk next to the border fence as they prepare to cross it illegally, in Tijuana, Mexico, December 26, 2018. President Donald Trump threatened on Friday to close the …

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The real test happens two weeks from now

This week’s wild swings on Wall Street mean little to some market players, who look past the huge bounce in stocks and are ready to zero in on the earnings season that kicks off in the second week of January. The Dow Jones Industrial Average on Wednesday surged a whopping …

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Citi cuts first-quarter iPhone production estimates on weak demand

Stephen Lam | Reuters A man holds the Apple iPhone XS and XS Max during a product demonstration following the Apple launch event at the Steve Jobs Theater in Cupertino, California, September 12, 2018. Citi Research on Friday slashed its first-quarter production estimates for Apple iPhones and nearly halved expectations …

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Stocks are signaling recession scare but that doesn’t mean there will be one

Investors are fearful the stock market is signaling that a recession could be on the way either because of a Fed policy misstep or trade wars, but that doesn’t have to be the case. Not all big market declines have signaled a recession, but once a market decline reaches 20 …

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These states are raising their minimum wage next year

Al Drago | CQ Roll Call | Getty Images A protester holds a sign in Upper Senate Park during a rally on Capitol Hill in Washington, D.C., on Wednesday, July 22, 2015, to push for a raise to $15 an hour for the minimum wage. More than 20 states will …

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Acting Defense Secretary Shanahan brings corporate style to the Pentagon

Andrew Harrer | Bloomberg via Getty Images James Mattis, U.S. Secretary of Defense, right, and Patrick Shanahan, Deputy Secretary of Defense, wait outside the Pentagon before an event in Washington, D.C., on Thursday, Aug. 9, 2018. After a career in which he rose to oversee Boeing’s supply chain operations as …

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Tesla sets up Shanghai financial leasing unit as China plans fire up

Mark Brake | Getty Images Elon Musk speaks at the International Astronautical Congress on September 29, 2017 in Adelaide, Australia. Musk detailed the long-term technical challenges that need to be solved in order to support the creation of a permanent, self-sustaining human presence on Mars. Tesla has registered a financial …

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Tesla names Larry Ellison, Kathleen Wilson-Thompson to board

Robyn Beck | Pool | Reuters Tesla founder Elon Musk speaks at the unveiling event by “The Boring Company” for the test tunnel of a proposed underground transportation network across Los Angeles County, in Hawthorne, California, December 18, 2018. Tesla proposed the appointment of Larry Ellison, founder and executive chairman …

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The volatility in stocks right now is ‘abnormal,’ says manager of $200 billion pension fund

Christopher Goodney | Bloomberg | Getty Images Christopher Ailman, chief investment officer of the California State Teachers Retirement System Investors should be careful as the recent spike in market volatility is far from normal, according to the manager of the California State Teachers’ Retirement System, which has more than $200 …

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Facebook moderators rely on inaccurate documents

Marlene Awaad | Bloomberg | Getty Images Mark Zuckerberg, chief executive officer and founder of Facebook Inc., listens during the Viva Technology conference in Paris, France, on Thursday, May 24, 2018. Facebook’s thousands of content moderators rely on a series of PowerPoint slides that contain inaccuracies and outdated information to …

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