Steven Mnuchin, Treasury Nominee, Failed to Disclose $100 Million in Assets
Senator Debbie Stabenow, Democrat of Michigan, pointedly asked Mr. Mnuchin if he was using Cayman Islands corporations to avoid taxation. He responded that he was working on behalf of his clients, in accordance with the law. Video At Mnuchin Hearing, an Offer of Valium Things got heated on Thursday when Steven T. Mnuchin, the nominee for Treasury secretary, testified before the Senate Finance Committee. By THE NEW YORK TIMES. ..>> view originalImpact of job-stealing robots a growing concern at Davos
By Martinne Geller and Ben Hirschler | DAVOS, Switzerland DAVOS, Switzerland Open markets and global trade have been blamed for job losses over the last decade, but global CEOs say the real culprits are increasingly machines.And while business leaders gathered at the annual World Economic Forum (WEF) in Davos relish the productivity gains technology can bring, they warned this week that the collateral damage to jobs needs to be addressed more seriously.From taxi drivers to healthcare profess..>> view originalHeineken in talks over Kirin's struggling Brazil business
BRUSSELS Heineken (HEIN.AS), the world's second largest brewer, said on Friday it was in talks regarding a possible deal for the Brazilian operations of Japan's Kirin Holdings Co Ltd (2503.T).Brasil Kirin operates 12 breweries and was created in 2011 after Kirin paid 6.3 billion reais ($1.97 billion) for Brazil's Schincariol brand.Heineken said in a brief statement that discussions were ongoing and that there could be no certainty that an agreement would be reached.Kirin said it continued to f..>> view original'Political Necessity' to Wrap Up Brexit Talk Within Two Years, UK Treasury Chief Says
Britain is aiming to wrap up exit talks with the European Union within two years as a “political necessity,” U.K. Treasury chief, Philip Hammond, said Friday, rebutting concerns from some European governments that negotiations can’t be concluded so quickly. Mr. Hammond said exiting the bloc by 2019 was both possible and a requirement of EU...>> view originalFed Has Met Jobs Mandate. On Inflation, Not So Much
Just because the Federal Reserve believes it has reached its objective of full employment and a stable rate of inflation doesn't mean it will be able to accelerate the pace of interest-rate increases.In a speech this week, Fed Chair Janet Yellen said it was “fair to say” that the economy is moving toward the central bank's goals, and that gradually removing accommodation was warranted. After boosting the federal funds target rate by a quarter-percentage point in December 2015 and by the same amo..>> view originalTV networks are copying Netflix's binge-watching model
TV networks want to get in on binge-watching. Netflix LOS ANGELES, Jan 20 (Reuters) - Traditional TV networks are following Netflix Inc's lead by releasing all new episodes of a series at the same time, a step to win over binge viewers who do not want to wait a week for the next installment. The move poses a direct challenge to Netflix and a way for more traditional networks to reach for younger, digital-savvy consumers who insist on watching on their own schedules. W..>> view originalTrumponomics may be wrong medicine for US economy today
U.S. President-elect Donald Trump talks to members of the media at Mar-a-Lago estate in Palm Beach, Florida Thomson Reuters By Howard Schneider WASHINGTON (Reuters) - Tax cuts, deregulation and more federal spending advocated by the incoming Trump administration are a classic remedy for economic stagnation and long unemployment lines. But that medicine may be too strong for an economy that has grown for eight years, with wages now rising and the jobless rate near wh..>> view originalChina's Economy Grows Strongly, Yet Central Bank Eases Policy
The Chinese government appears to have delayed an economic reckoning, but at a high cost. The central bank and state-owned banks shoveled trillions of renminbi into a surge of credit, putting aside longstanding worries about a deeply indebted corporate sector and signs of a real estate bubble. The government borrowed and spent heavily, continuing oversize projects like the construction of world-class highways and high-speed rail lines to cities that are increasingly remote from the main hubs of..>> view originalTrump's Dollar Confusion
Donald Trump’s most recent tirade that the strength of the dollar is “killing us” would seem to confirm that policy consistency and clear economic thinking are not his strong suits. Otherwise, how could he be railing against the dollar’s strength while at the same time championing economic policies that make it all but certain that the dollar will continue to rise? Similarly, how can he be berating a country like China for artificially manipulating its currency for competitive advantage, when he..>> view originalIBM Posts Earnings Beat In Q4 And Raises Guidance For 2017, But Stock Plunges
IBM's chief executive Ginni Rometty delivers a keynote address at CES in Las Vegas on Jan. 6, 2016. 2016. (Photo by Ethan Miller/Getty Images) Though IBM notched a major earnings beat to close out Q4 of 2016, a temporary jolt in after-hours trading quickly gave way to a major decline in share price. The company reported non-GAAP earnings per share of $5.01 compared to analyst consensus of $4.88. Revenue for the quarter came in at $21.77 billion, up from expectations of $21.66 billion. Because..>> view original
Saturday, March 4, 2017
Steven Mnuchin, Treasury Nominee, Failed to Disclose $100 Million in Assets and other top stories.
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