Jeff Bezos says tech’s biggest problems don’t have solutions yet, but ‘we’ll figure them out’

Jeff Bezos says tech’s biggest problems don’t have solutions yet, but ‘we’ll figure them...

Joshua Roberts | Reuters Jeff Bezos, president and CEO of Amazon and owner of The Washington Post, speaks at the Economic Club of Washington DC's "Milestone Celebration Dinner" in Washington, U.S., September 13, 2018.  Amazon CEO Jeff Bezos said Wednesday Silicon Valley's biggest problems don't have solutions yet, but "we'll figure them out." "Technologies always…
Here’s what the Cohen sentencing memos say about his efforts to help Trump’s 2016 campaign

Here’s what the Cohen sentencing memos say about his efforts to help Trump’s 2016...

Stephanie Keith | Reuters Michael Cohen, attorney for The Trump Organization, arrives at Trump Tower in New York City, U.S. January 17, 2017. Federal prosecutors laid out how President Donald Trump's former personal lawyer Michael Cohen worked to illegally help the Trump campaign in 2016. Chunks of the Southern District of New York's sentencing memo…
Wall Street’s top pot analyst loves Cronos deal for Altria: ‘Unique entry into cannabis’

Wall Street’s top pot analyst loves Cronos deal for Altria: ‘Unique entry into cannabis’

Wall Street's top marijuana analyst likes Marlboro maker Altria's $1.8 billion investment in Canadian pot company Cronos Group, telling clients the move represents a "unique entry into cannabis." Cronos's emphasis on rare cannabinoids will likely prove valuable for Altria as it looks to diversify away from tobacco and into up-and-coming markets like e-cigarettes and marijuana,…
Here’s what research shows about immigration’s impact on an economy

Here’s what research shows about immigration’s impact on an economy

Controlling immigration was one of U.S. President Donald Trump's primary arguments during the 2016 election, with him campaigning to limit entries into the U.S. and proposing building a wall along the U.S.-Mexico border. The political debate continues to rage today: Funding for Trump's proposed $5-billion border wall remains a matter of contention between lawmakers. According…
Why are markets so volatile? JP Morgan’s quant guru thinks ‘fake news’ is to blame

Why are markets so volatile? JP Morgan’s quant guru thinks ‘fake news’ is to...

"While higher volatility that comes with less monetary support warrants somewhat lower equity valuations, lower risk positioning, higher equity volatility and higher credit spreads, we think that the current divergence is simply too large," Kolanovic said in the note. "To some extent, we trace the disconnect between negative sentiment and macroeconomic reality to the reinforcing…
OPEC reportedly set to publish production cut quotas to boost falling oil prices

OPEC reportedly set to publish production cut quotas to boost falling oil prices

OPEC and allied non-OPEC oil producers including Russia agreed at the start of December to curb output by 1.2 million bpd. That's equivalent to more than 1 percent of global demand, in a bid to drain tanks and boost prices. However, the cutbacks — which are not scheduled to go into effect until January —…
How Trump’s tweet storms to rally support for the government shutdown seems to be working

How Trump’s tweet storms to rally support for the government shutdown seems to be...

Carlos Barria | Reuters President Donald Trump speaks to reporters about border security in the Briefing Room at the White House in Washington, U.S., January 3, 2019. Since first threatening a government shutdown last month in his battle with Congress over border wall funding, President Donald Trump has leaned heavily on Twitter to rally support…
Ford and VW considering an expansive alliance likely to echo across the global auto industry

Ford and VW considering an expansive alliance likely to echo across the global auto...

How much more is now the central question, but in conversations with senior Ford and VW executives they do little to hide the likelihood that the answer will be "lots." About the only thing off the table, said an executive with frequent C-suite access, is any sort of cross-equity swap. Along with the possible collaborations…
Morgan Stanley is set to report fourth-quarter earnings – here’s what Wall Street expects

Morgan Stanley is set to report fourth-quarter earnings – here’s what Wall Street expects

Morgan Stanley on Thursday reported profit and revenue below analysts' expectations as whipsawing markets late last year took a toll on the bank's two biggest businesses. The bank posted profit of 80 cents per share, below the 89 cent average estimate of analysts surveyed by Refinitiv. Companywide revenue declined 10 percent to $8.55 billion, compared…
December jobs report shows surprising strength, but doesn’t end worries about growth slowdown

December jobs report shows surprising strength, but doesn’t end worries about growth slowdown

December'sstronger-than-expected jobs report shows the labor market remains solid, but does not alleviate fears that the economy is slowing down as the new year begins. The economy added 312,000 jobs in December, far more than the 177,000 that were expected and the largest increase in payrolls since February. The unemployment rate rose to 3.9 percent,…

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