As the U.S. and China continue hashing out trade negotiations, a new player has joined the fray: President Donald Trump‘s national security advisor, John Bolton. A National Security Council official told CNBC that it was only “natural” that Bolton be involved in recalibrating the U.S. trade relationship with China. “Rebalancing trade and investment relations are […]
Read morePaul Tweed made his name suing news organizations like CNN, Forbes and The National Enquirer on behalf of Hollywood movie stars, winning high-profile cases for celebrities like Britney Spears and Justin Timberlake by hopscotching among Belfast, London and Dublin to take advantage of their favorable defamation or privacy laws. So it was telling last year […]
Read moreOne of the main ways hedge funds make money is betting against companies they believe are overvalued, so investors should be wary of stocks with high levels of so-called short interest. Goldman Sachs listed which stocks professional managers are short selling the most in its latest “Hedge Fund Trend Monitor” report by Ben Snider on […]
Read moreSecretary of State Mike Pompeo has announced a list of a dozen demands that Iran must meet before the United States lifts punishing sanctions against the country. However, the list is a non-starter and raises the specter of a prolonged standoff in the world’s busiest oil exporting region. Pompeo articulated the list at the conservative […]
Read moreThe American Civil Liberties Union and other privacy activists are asking Amazon to stop marketing a powerful facial recognition tool to police, saying law enforcement agencies could use the technology to “easily build a system to automate the identification and tracking of anyone.” The tool, called Rekognition, is already being used by at least one […]
Read moreInvestors and policymakers have gone looking for inflation over the past decade and largely have come up empty. It could, however, come barreling at them soon like an 18-wheeler. Multiple signs of inflation in freight-related industries are at or near historical highs, in what could be an early sign that price pressures are building and […]
Read moreAmazon bans customers who return too many products, according to The Wall Street Journal. This is a practice that’s used by traditional retailers, but Amazon shouldn’t act like its brick-and-mortar competitors. Amazon customers speaking to the Journal described being banned for returning all sorts of products, from clothing to cellphones. Retailers like Best Buy use […]
Read moreMarvin Ellison’s exit as CEO of J.C. Penney means the struggling department store chain can’t be turned around, CNBC’s Jim Cramer said Tuesday. J.C. Penney shares plunged Tuesday after Lowe’s announced it is naming Ellison president and CEO, effective July 2. J.C. Penney, which has struggled to compete within the quickly changing retail landscape, told […]
Read moreStreaming numbers for R. Kelly have remained intact a week after Spotify announced it had removed the R&B singer’s music from its playlists, citing its new policy on hate content and hateful conduct. Spotify made the bold declaration on May 10, but R. Kelly’s streaming numbers are relatively the same with some small growth: Before […]
Read moreOne of Facebook‘s most senior executives, Naomi Gleit, believes so deeply in the social media firm and her colleagues that she’d agree to “cleaning the toilets” if asked, Gleit told Recode in an interview. “I would kind of do anything with them,” Gleit told the news site. “If they told me … to work on […]
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