Amazon, 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: […]
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'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 […]
Read moreChild development experts and advocates are urging Facebook to pull the plug on its new messaging app aimed at kids. A group letter sent Tuesday to CEO Mark Zuckerberg argues that younger children — the app is intended for those under 13 — aren’t ready to have social media accounts, navigate the complexities of online […]
Read moreRyanair said it would allow Britain’s pilots’ association to start negotiating on issues such as pay and holidays after the Irish budget airline recognized a trade union for the first time in its 32-year history. Europe’s biggest budget airline was forced last year to recognize unions in order to avoid a Christmas strike, after it […]
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Arab states are 'determined' to stick with reforms despite deepening 'frustration', IMF says
Arab nations are already beginning to reap the benefits of ongoing economic reform packages, despite growing levels of frustration throughout the region, the International Monetary Fund (IMF) said Monday. Speaking at a two-day regional conference in Marrakesh, Morocco, the IMF’s Middle East and Central Asia Director Jihad Azour told CNBC: “Governments are determined to continue […]
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The US 'oligarch list' is strikingly similar to Forbes’ richest Russians ranking
The U.S. Treasury Department’s list released Monday detailing 210 Russian oligarchs and close political affiliates of President Vladimir Putin bears a striking similarity to a list of Russia’s richest citizens published in Forbes Magazine in 2017. In fact, almost all 96 oligarchs listed in the unclassified annex of the report, who have a net worth […]
Read moreIndian Uber rival Ola announced Tuesday that it plans to expand into Australia, its first move outside of its home country. Ola has begun signing up drivers in Sydney, Melbourne and Perth, the company said. The move comes just months after raising $1.1 billion from investors that included Chinese internet giant Tencent and Japan’s SoftBank, […]
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