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Oil Prices Are Fast Approaching $70. Is The Economy Ready?

Sun, 22 Apr 2018 14:02:25 EDT

Oil prices at $70 a barrel are seen as a bearable weight on the U.S. economy for now, but could pose trouble if they keep climbing.

White House Backs Funding Increase for World Bank

Sat, 21 Apr 2018 16:57:17 EDT

The Trump administration is setting aside its skepticism of big international institutions that manage the global economy, in part because it wants to use the World Bank as a counterweight to China’s growing international influence.

U.S. Questions Cosco's Takeover of Cargo Terminal in Long Beach

Fri, 20 Apr 2018 15:28:06 EDT

A U.S. national-security review has raised concerns about Chinese state-run conglomerate Cosco Shipping taking control of a large container terminal in Long Beach, Calif., according to people familiar with the matter.

Starbucks Lacks Clear Guidance for Employees on Nonpaying Customers

Sun, 22 Apr 2018 14:10:19 EDT

Recent arrests of two nonpaying visitors at a Philadelphia Starbucks have raised questions among some employees about how to handle such situations.

Overseas Markets Beckon U.S. Hospital Firms Hungry to Expand

Sun, 22 Apr 2018 15:26:36 EDT

Slower to globalize than many other sectors, the U.S. hospital industry is now looking beyond American borders for deals in Asia and other markets, where it hopes to hedge exposure to domestic pressures.

Airline Regulators Call for Emergency Inspections of Boeing 737 Engines

Sat, 21 Apr 2018 12:09:52 EDT

U.S. aviation regulators in the wake of this week’s fatal Southwest Airlines accident imposed emergency inspection requirements for jet engines that power many Boeing 737 jetliners around the world.

China's Xi Jinping Outlines Vision for Future as Tech Power

Sun, 22 Apr 2018 00:26:42 EDT

Chinese President Xi Jinping outlined an updated vision for China’s future as an internet and technology power, pledging more state support for sectors caught in the cross-hairs of a trade fight with the U.S.

OPEC, Russia Back Continued Oil Cuts, Drawing Trump Ire

Fri, 20 Apr 2018 22:04:33 EDT

A group of some of the world’s biggest crude producers said they would keep a tight grip on output for the rest of the year, and perhaps into next, spurring President Donald Trump to call oil prices “artificially very high.”

Top ECB Officials Give Different Takes on the Economy

Fri, 20 Apr 2018 20:07:35 EDT

Two of the European Central Bank’s most influential officials offered differing interpretations of an apparent slowdown in the eurozone economy, highlighting the thorny decisions facing the bank as it prepares to draw a line under a decade of easy money just as growth softens.

Ford CEO's Cost-Cut Plan in Focus During Its Slump

Sat, 21 Apr 2018 19:55:33 EDT

Jim Hackett is trying to make changes. But the auto maker is ‘burning a lot of cash in a lot of places,’ says one analyst.

Korean Air's Notorious Sisters Resign as Executives

Sun, 22 Apr 2018 08:54:40 EDT

The head of Korean Air Lines Co. said Sunday that his two daughters had resigned their positions at the company after an uproar over allegations that they had abused their subordinates.

Retirement Shock: Need to Find a Job After 40 Years at General Electric

Sun, 22 Apr 2018 15:45:08 EDT

GE’s unraveling has wiped out roughly $140 billion in stock-market wealth in the past year, not just for big Wall Street firms but among former employees who, like many small investors, long believed the company invincible.

Proposed U.S. Tariffs on China Risk Penalizing Manufacturers Unevenly

Fri, 20 Apr 2018 20:06:51 EDT

President Donald Trump’s proposed tariffs on China stand to disproportionately hurt U.S. manufacturers that rely more on Chinese imports, potentially driving up costs that would put them at a competitive disadvantage and raising consumer prices.

Amazon Trades Like a Tech Stock But Pays Like a Warehouse

Sun, 22 Apr 2018 13:14:58 EDT

Median pay at Amazon reveals the predominantly blue-collar nature of its workforce, which sets it apart from tech peers Facebook, Apple and Google-parent Alphabet Inc.

GM Veteran Joins Race for the Next Tesla

Sat, 21 Apr 2018 10:00:04 EDT

Deep-pocketed investors looking to create the next Tesla are turning to seasoned automotive executives for help making sense of the complicated and capital-intensive car business.

Mnuchin Calls for IMF to Increase Transparency of Surging Chinese Infrastructure Lending

Fri, 20 Apr 2018 17:10:19 EDT

Treasury Secretary Steven Mnuchin called on the IMF and World Bank to launch a “joint action plan” to better highlight the rapid run-up in debt associated with China’s lending for international infrastructure projects.

Who Has More of Your Personal Data Than Facebook? Try Google

Sun, 22 Apr 2018 15:34:47 EDT

Google’s data-gathering empire is bigger and more pervasive than Facebook’s—and while it hasn’t been plagued by scandal, it can’t evade scrutiny forever.

U.S.-China Trade War Is Bad News for Google's Expansion

Sun, 22 Apr 2018 15:45:23 EDT

The barring of Chinese smartphone maker ZTE by the U.S. government from working with American companies is an unforeseen challenge for Google in a bid to get its mobile software in the hands of wider swaths of users.

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