Billionaire hedge fund manager Bill Ackman revealed he bought protection against a stock market drop due to rising geopolitical risk. Ackman said the firm took a “small position” in out of the money call options on a volatility index during Pershing Square Capital Management’s second-quarter conference call Wednesday. This hedge “will protect against stock market […]
Read moreIndustrial robots—and the anxiety that they’re taking away jobs—can be found throughout the U.S. But they’re not spread out equally. The Brookings Institute examined 2015 data from the International Federation for Robotics to measure the penetration of industrial robots into American industries as well as U.S. metropolitan areas. And by industrial robots, Brookings means automatically […]
Read moreGoogle Home can now place phone calls. Google announced that the new feature is rolling out to owners of its Amazon Echo competitor now. Amazon’s product also allows calls, but only to other Echos. With the Google Home, you can call any number in the U.S. or Canada for free. You’ll need to activate the […]
Read moreMembers of President Donald Trump‘s Strategic and Policy Forum have agreed to disband the group, sources told CNBC, as corporate backlash mounts against the president. The business advisory council made up of top business leaders is separate from Trump’s manufacturing council, which several business leaders left this week. The business backlash to Trump follows his […]
Read moreMore pain is ahead for this year’s worst-performing sector, according to strategists who see oil prices dragging energy stocks even lower. With crude near $47 after starting off the year above $54, Stephen Schork, founder and editor of The Schork Report, says the commodity will not get back above $50 per barrel anytime soon. “Certainly, […]
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IF AVIATION had an astrological sign, 2017 would surely be the Year of the Bump. Most infamously, it was the year that a United Airlines passenger who refused to leave an overbooked flight in April was dragged violently from the plane. There followed airline policy changes to reduce involuntary bumping, a novel system to make […]
Read moreAmerican companies hold an estimated 11 million meetings every day. That’s a lot of conference room hours. Meetings may be an inescapable aspect of work culture, but Amazon CEO Jeff Bezos has implemented a very strict rule of thumb to ensure that his schedule is only filled with meetings that are worth his time. In […]
Read moreAfter several resignations from presidential advisory councils following Donald Trump’s waffling responses to the deadly right-wing violence in Charlottesville, Virginia, over the weekend, CNBC took a look at where all the executives stand. Seven of 37 members of president’s Strategic and Policy Forum and Manufacturing Jobs Initiative councils resigned this week, while 12 condemned the […]
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As the Trump administration looks to take a tougher stance against Beijing, Chinese investments into the U.S. have more than halved this year, according to Dealogic. “Amid growing regulatory scrutiny of China outbound M&A targeting the U.S., volume has seen a 65 percent year-on-year decline in 2017 year-to-date,” Nicholas Farfan and Karl But of Dealogic […]
Read moreEver have an idea for a new product so good it could hurt your business? It may seem far-fetched, but that’s what happened to Wawa, the popular convenience store chain that operates more than 750 locations in six East Coast states. The company had introduced a new flatbread breakfast sandwich. Everybody in the company was […]
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