Apple shares are falling after another report that the company ordered a large cut in iPhone X production. The Wall Street Journal reported on Tuesday Apple reduced its production target for the iPhone X for the first-quarter. The company now projects it will build 20 million iPhone X units from the previous 40 million units […]
Read morePresident Donald Trump, in his State of the Union speech Tuesday, plans to discuss a $1.5 trillion infrastructure improvement plan, White House economic advisor Gary Cohn told CNBC. Fresh off a victory on a tax reform plan that Congress approved in December, the president next wants to focus on rebuilding the nation’s aging system of […]
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BACK in the days of the gold standard, central bankers were very concerned about the views of international investors. They believed that maintaining the value of their currencies would reassure creditors. That is why they were so resistant to the idea of floating currencies. Georges Bonnet, a French finance minister, put it best Who would […]
Read moreThe greenback is getting walloped. The dollar index is on pace for its worst January since 1987, down 3 percent and going through several wild price swings. With the dollar index trading below the 90 mark, near levels last seen in 2014, we’ve had several conflicting political messages and economic data that have really launched […]
Read moreShares of insurer UnitedHealth Group and other health-care related stocks dropped on Tuesday after Amazon, J.P. Morgan, and Berkshire Hathaway announced a partnership to improve U.S. employee health. The three companies, led by Jeff Bezos, Jamie Dimon and Warren Buffett respectively, plan to develop ways to improve the health of their employees, with the goal […]
Read moreAmazon, Berkshire Hathaway, and JPMorgan Chase on Tuesday announced plans to partner on ways to cut health-care costs and improve services for their U.S. employees. The announcement slammed the shares of multiple companies in the health-care sector. Together, the three companies employ more than 1.1 million workers. The three massive companies will launch an independent […]
Read moreAre we nearing the peak of earnings growth? We are riding an historic wave of higher earnings and higher earnings revisions on the back of tax cuts and the global economic expansion. However, just in the last couple weeks, analysts have begun to introduce 2019 earnings estimates for the companies they cover. The good news: […]
Read moreCurrency, United States Finance
'Enemies of the USA': Russia slams America's list of oligarchs with ties to Putin
The U.S. published a sweeping list of Kremlin oligarchs and officials late Monday, triggering a fierce backlash from Russian leaders. As part of a sanctions law aimed at punishing Moscow for interfering in the U.S. presidential election, the U.S. Treasury Department published a report listing a number of individuals closely affiliated with the Russian government. […]
Read moreStrava, the fitness app that exposed the locations and activities of soldiers at U.S. military bases, is reviewing its features to prevent them from being compromised for malicious purposes. The app, which calls itself a “social network for athletes,” lets users connect a GPS device to the service so that they can upload their workout […]
Read moreEver since Kenneth I. Chenault announced last fall that he would retire as chief executive of American Express, he has been fielding phone calls from companies looking to hire him. It’s not surprising. Mr. Chenault is one of the most prominent African-American chief executives in the world and the man who led American Express through […]
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