More than 600 employees at a Carrier plant in Indianapolis are bracing for layoffs beginning next month, despite being told by President Trump that nearly all the jobs at the plant had been saved. The deal, announced with great fanfare before Trump took office, was billed not only as a heroic move to keep jobs […]
Read moreTalk about a solid track record. Four stocks in the S&P 500 — Nvidia, Broadcom, Reynolds American and Fiserv — have risen by more than 15 percent in each of the last four years. In 2017, the four are rising even faster: more than 20 percent. Nvidia has seen explosive gains, having risen over 1,000 […]
Read moreAlida Monaco doesn’t spend her summers doing the usual teenage stuff, like working at the mall or flipping burgers. Instead, she’s studying special relativity and astrophysics — by choice. Monaco, 18, a recent high school graduate in New York City, spent upwards of three hours a day on homework while in high school. Summer classes […]
Read moreDoomsday predictions for China’s economy have a long history, but most are looking at the wrong scenario, Michael Buchanan, head of strategy at Singapore wealth fund Temasek, said on Thursday. “If you’re using the metrics from the Asia crisis, you’re going to get the wrong answer,” Buchanan said at the DBS Institutional Investor Symposium in […]
Read moreIn Charlotte, North Carolina, mother-son duo Julie and Michael Chambers are watching their small business, Melt in Your Mouth, come to life. The cupcake store they opened more than two years ago now has four employees, and they’re hoping to open up additional locations. But chief among their concerns is the tax burden they face. […]
Read moreAT&T is on pace to invest around $22 billion in the United States this year, CEO Randall Stephenson told CNBC on Thursday. Stephenson is among the tech leaders heading to the White House later Thursday to meet with President Donald Trump to discuss the potential impact of emerging technologies on U.S. industrial workers. Ahead of […]
Read moreChina will introduce a national standard for the use of English language on public signage, in its latest bid to say farewell to widely mocked – and often widely loved – poor translations and “Chinglish”. The new policy, which comes into effect on December 1, will establish guidelines for English translations in 13 areas, including […]
Read moreFoxconn, the world’s largest contract electronics maker and a major Apple supplier, plans to invest more than $10 billion in a display-making factory in the United States and will decide on the location of the plant next month. The Taiwan-based firm has been eyeing U.S. investments for some time and its CEO, Terry Gou, had […]
Read moreWith bond yields globally in the dumps, Singapore’s wealth fund GIC is looking at unconventional sources for fixed income returns, Liew Tzu Mi, GIC’s chief investment officer for fixed income, said on Thursday. For one, she pointed to selective emerging markets for fixed income investments. “In a generally low interest rate environment, if you do […]
Read moreIN A corner of the state of Uttar Pradesh (UP) stands a gleaming building dedicated to animal slaughter on an industrial scale. Neatly mown lawns lead the way to a corral for hundreds of the curly-horned Murrah buffalo typical of the region. Nearby is a lorry-sized, stainless-steel machine in which the animals are killed. A […]
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