Asian share markets crept cautiously higher on Monday as investors awaited developments on proposed Sino-U.S. trade talks and the Chinese yuan rallied away from dangerous lows.
Aug.19 — Tesla plunged Friday, capping its worst week since 2016 after the New York Times reported Elon Musk frequently teared up in an interview as he discussed the personal strain of leading the electric-car maker, and also detailed his frequent use of a sleep-aid drug. Bloomberg’s Su Keenan reports on “Bloomberg Daybreak: Australia.” …read more […]
For decades, Michael Drweiga has opened his wallet whenever the donation basket comes around at church, but the latest revelations of priests sexually abusing children brought him to the conclusion that he can no longer justify giving. Brice Sokolowski helps small Catholic nonprofits and churches raise money, but he too supports the recent calls to withhold donations. Across the U.S., Catholics once faithful with their financial support to their churches are searching for ways to respond to the constant sex-abuse scandals that have tarnished the institution in which they believe, with back-to-back scandals in the past two months. …read more […]
U.S. authorities investigating whether President Donald Trump’s former personal lawyer, Michael Cohen, committed bank and tax fraud are focusing on more than $20 million of loans obtained by taxi businesses owned by him and his family, the New York Times reported. Federal investigators are also looking at whether Cohen violated campaign finance or other laws by helping arrange financial deals to secure the silence of women claiming they had affairs with Trump, the paper said, citing people familiar with the matter. The total of the bank loans under scrutiny hasn’t been previously reported. …read more […]
By Henning Gloystein SINGAPORE (Reuters) – Oil prices dipped on Monday as concerns over slowing economic growth weighed on markets. International Brent crude oil futures (LCOc1) were at $71.78 per barrel … …read more […]
Asian share markets crept cautiously higher on Monday as investors awaited developments on proposed Sino-U.S. trade talks, while keeping a wary eye on the Chinese yuan and Turkish lira for any new signs of strain.
Aug.19 — Jun Bei Liu, a portfolio manager at Sydney-based Tribeca Investment Partners, talks about this week’s economic events and her investment strategy. She speaks with Haidi Stroud-Watts and Ramy Inocencio on “Bloomberg Daybreak: Australia.” …read more […]
GOBankingRates performed a study to compare the cost of living in every state and determine how long you can survive off of $100,000. Granted, $100,000 won’t buy you a lot of time, but it will give you a sense of just how much you need to save to prepare for the retirement you want. …read more […]
Larry Sloven arrived in southern China three decades ago, just as the region was taking off as the low-cost manufacturing center of the world. Since then, he has exported millions of dollars of goods, ranging from power tools to LED lights, to some of America’s biggest retailers.
Global luxury brands from Prada to LVMH are investing in China for the first time since a crackdown on conspicuous spending five years ago, focusing on smaller, less developed cities even as the world’s second-largest economy slows.
Strong U.S. retail sales over the past three months — particularly for apparel — is likely to have allowed the two top off-price retailers to beat their forecasts by an even wider margin than usual last quarter. …read more […]
Arianna Huffington is calling on Elon Musk to adopt a healthier work-life balance, but the Tesla CEO says that’s not an option. In a tweet early Sunday after arriving home from a late night at a Tesla factory, Musk told the Huffington Post founder that his electric car company and Ford are the only two American automakers that have avoided bankruptcy. …read more […]
Intel formally unveils Cooper Lake and Ice Lake data center chips. …read more […]
Pakistan’s new Prime Minister Imran Khan called on Sunday for the rich to start paying taxes and said the country will begin an austerity drive to reduce debt, a campaign he will kick-start by selling his office’s fleet of bullet-proof cars. In his first address to the nation as premier, Khan set out his vision for a “New Pakistan” and spoke at length about the need to reshape the country by introducing an Islamic welfare system, reducing poverty and slashing high debt levels. Khan, 65, a former cricket legend, was sworn …read more […]
PIF, the Saudi Arabian sovereign wealth fund that Tesla Inc CEO Elon Musk has said could help him fund an offer to take his electric car maker private, is in talks to invest in aspiring Tesla rival Lucid Motors Inc, people familiar with the matter said on Sunday.
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