Evidence doesn’t support Philip Morris International’s claims that its heat-not-burn tobacco product cuts the risk of tobacco-related diseases and is likely to switch adult cigarette smokers, regulatory advisors said. PMI is seeking approval from the U.S. Food and Drug Administration to market its heat-not-burn tobacco product as less risky than cigarettes. PMI says it has […]
Read moreThe greenback slid further Thursday after the Trump administration was seen as stepping back from the strong dollar policy that has been in place since the 1990s. The dollar index was slightly lower, after falling sharply Wednesday on the initial comments from Treasury Secretary Steven Mnuchin that a weak dollar was good for U.S. trade. […]
Read moreOne of the biggest issues on Larry Fink‘s mind these days is financial inclusion, he told a panel audience at the World Economic Forum in Davos, Switzerland. “I think the question isn’t the financial system but the inclusiveness of the financial system, and we don’t talk about that at all,” the BlackRock CEO lamented during […]
Read moreSeth Klarman, the value investing giant who draws comparisons to Warren Buffett, says he is not a believer in cryptocurrencies. “While we have long had our own concerns over the tendency of central bankers to debase paper currency by printing more and more of it, the proliferation of hundreds of virtual currencies seems far more […]
Read moreFinding an affordable place to live isn’t always easy, but some cities make it easier to get by than others. Personal-finance advice website Student Loan Hero conducted a study of 253 urban areas across the United States and identified the most affordable ones. “We looked at median incomes, housing costs, unemployment rates and poverty levels,” […]
Read moreCurrency, United States Finance
Ordinary Americans won't benefit from US tax changes, says union boss
The leader of a conglomerate of unions representing 20 million workers said Thursday that the ordinary American won’t benefit from changes to the U.S. tax system. Philip Jennings, general secretary at the UNI Global Union, told CNBC at the World Economic Forum (WEF) in Davos, Switzerland, that the tax cuts would not make any difference […]
Read moreIn the wake of a high-profile tax evasion scandal, Panama’s economy and finance minister said Thursday that the country was working with the international community to combat financial crime and tax evasion. Dulcidio De La Guardia, Panama’s minister of economy and finance, said the problem of tax evasion was not limited to his country. Speaking […]
Read moreThe U.S. Securities and Exchange Commission wants to bring sales of new digital tokens, or initial coin offerings, under its authority. “The SEC is devoting a significant portion of its resources to the ICO market,” commission chairman, Jay Clayton, and J. Christopher Giancarlo, chairman of the Commodity Futures Trading Commission, wrote in a commentary piece […]
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Stock trading app Robinhood is becoming a cryptocurrency broker. Customers in California, Massachusetts, Missouri, Montana and New Hampshire will be able to trade bitcoin and ethereum through the app beginning in February, Robinhood announced Thursday. In the meantime, all customers can now track prices and receive alerts for 16 cryptocurrencies on the app. The prices […]
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A YOUTUBE video featuring a woman sporting a gold watch and driving a convertible, which has been viewed online nearly 5m times. A social-media “influencer” with more than 11m followers on Instagram posting photos of herself wearing the same timepiece. A limited flash sale of the watch on Net-a-Porter, a website. Purveyors of pricey jewellery […]
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