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Monthly Archives: August 2018

Apple self driving car patent predicts future moves

Elijah Nouvelage | Reuters Apple Chief Executive Officer Tim Cook speaks at the Apple Worldwide Developer conference (WWDC) in San Jose, California, June 4, 2018. Apple has an idea for self-driving cars that might make riders more comfortable about the idea of the car driving itself. A new Apple patent …

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Amazon offers business buyers longer payment terms; some sellers upset

Daniel Acker | Bloomberg | Getty Images An employee unloads a truck load of Amazon.com packages at the United Parcel Service (UPS) Chicago Area Consolidation Hub in Hodgkins, Illinois. Amazon is trying to lure business buyers onto its fast-growing marketplace, offering them extended periods to pay for things like heavy …

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How Trump’s plan to roll back fuel emissions could affect your wallet

Jonathan Ernst | Reuters President Donald Trump talks with auto industry leaders, including General Motors CEO Mary Barra (L) and United Auto Workers (UAW) President Dennis Williams (R) at the American Center for Mobility in Ypsilanti Township, Michigan, U.S. March 15, 2017. The auto industry cheered on Trump’s proposal. Car …

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It is not unusual for a president to fight the Fed

Getty Images President Donald Trump looks on as his nominee for the chairman of the Federal Reserve Jerome Powell takes to the podium during a press event in the Rose Garden at the White House, November 2, 2017 in Washington, DC. For some time now it has been my view …

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Hedge fund struggles due to Facebook’s plunge, bets against stocks

Christophe Morin/IP3 | Getty Images News | Getty Images Mark Zuckerberg, chief executive officer and founder of Facebook Inc. attends the Viva Tech start-up and technology gathering at Parc des Expositions Porte de Versailles on May 24, 2018 in Paris, France.  The so-called “smart money” hedge funds are dramatically underperforming …

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Elon Musk needs to bring in a strong No. 2 to help run Tesla: Analysts

Tesla co-founder and CEO Elon Musk must recognize he can’t do it all and agree to bring in a strong No. 2 to run day-to-day operations at the electric automaker, leading analysts told CNBC on Tuesday. “We think he’s going through a founder’s dilemma. He’s clearly stretched too thin,” Consumer …

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Sheldon Adelson and Miriam Adelson give $25 million to Senate GOP PAC

Lucas Jackson | Reuters Las Vegas casino magnate Sheldon Adelson sits with his wife Miriam as they await the start of the first debate between Republican U.S. presidential nominee Donald Trump Democratic and U.S. presidential nominee Hillary Clinton at Hofstra University in Hempstead, New York, U.S., September 26, 2016. Republican …

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Could the 9 to 5 working day be on its way out? In the UK it could, study suggests

Trae Patton/NBC/NBCU Photo Bank | NBCUniversal | Getty Images For many employees, it’s important to work in an environment that they enjoy. “People are looking for jobs that work for them,” said Paul Pomroy, McDonald’s U.K. & Ireland CEO, in a statement. What these figures highlight, Pomroy acknowledged, is that …

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Elizabeth Warren bill would ban lawmakers from owning individual stocks

Bill Clark | CQ Roll Call | Getty Images Sen. Elizabeth Warren, D-Mass. Sen. Elizabeth Warren wants to ban members of Congress and the White House staff from owning individual stocks — and replace them with government-managed investment accounts. Those are just two of the dozens of proposals dotting the …

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Online brokerage stocks sink on JP Morgan’s plan to offer free trading

Daniel Acker | Bloomberg | Getty Images Pedestrians walk outside an E*Trade Financial office in New York, U.S. Online brokerage firms including Charles Schwab, TD Ameritrade and E-Trade sank on Tuesday after CNBC reported that J.P. Morgan Chase will offer a new digital investment app with free trading. Shares of …

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