The last thing Europe needs: another Greek debt crisis
How’s this for déjà vu? Another debt crisis is brewing in Europe. Greece needs European creditors to release cash from a bailout agreed in 2015 so it can make debt repayments, but officials are at loggerheads. Investors are starting to…
Trump isn’t killing the bull market. Here’s why
More and more business leaders and Wall Street strategists are expressing their worries about what President Donald Trump’s protectionist policies and unpredictable nature might do to the markets and economy. But we all know that action speaks louder than words….
Visa crackdown puts these rural doctors at risk
At his pediatrics practice in Sioux Falls, South Dakota, Dr. Alaa Al Nofal sees up to 10 patients a day. He’s known some of them since they were born. Others, he still treats after they’ve graduated from high school. “I…
LeBron, Serena and other Nike stars champion ‘Equality’
Nike says it’s time to stand up for equality in a new ad campaign. The company on Sunday launched a star-studded short film titled “Equality” to mark Black History Month. The ad features Nike-sponsored athletes LeBron James, Serena Williams, Kevin…
Apple CEO Tim Cook calls for “massive campaign” against fake news
Apple CEO Tim Cook wants the tech industry to take action against “fake news” stories that are polluting the web. “There has to be a massive campaign. We have to think through every demographic,” Cook said in a rare interview….
‘Lego Batman’ producer today. Treasury secretary tomorrow?
Steven Mnuchin had a pretty good weekend. First the treasury secretary pick advanced a step closer toward confirmation on Friday. Then his latest movie claimed the top spot at the box office. Mnuchin is an executive producer on Warner Bros.’…
This Thai company makes food packaging out of bamboo to cut down on trash
To tackle Thailand’s mounting trash problem, one company is turning to the country’s plant life. Universal Biopack makes packaging that it sells to restaurants and manufacturers. But rather than plastic, it uses a mixture of bamboo and cassava, crops that…
Verizon is bringing back unlimited data
Verizon (VZ) is bringing back an unlimited data plan. Starting Monday, Verizon customers can get unlimited data, talk and text for $80. The company says the new introductory plan also includes up to 10 GB of mobile hotspot usage, as…
Indian rival slams Uber’s business model
Uber’s top rival in India has some unsolicited advice for the U.S. startup: Go local. “They have a very cookie-cutter approach in terms of what the model is and how [to] force feed it into any geography,” Pranay Jivrajka, a…
Oil prices have doubled in a year. Here’s why
It’s a good day for OPEC. Data published Monday by the oil cartel show its members have largely complied with an agreement to slash production. The confirmation caps a remarkable year for OPEC, which was forced to devise a plan…
Swiss voters reject corporate tax overhaul
Voters in Switzerland have shocked the political establishment by rejecting a reform plan that would have brought the country’s corporate tax system in line with international norms. The tax reforms, which were widely supported by the business community, would have…
Trump brand takes another hit: Sears and Kmart
Nordstrom. Neiman Marcus. TJ Maxx. And now, Sears and Kmart. Sears Holdings, the company that owns retail stores Sears and Kmart, reportedly said this weekend that it would remove 31 Trump-branded items from its website. The company pulled the products…
Tesla is going to sell electric cars in the Middle East
Tesla is bringing its electric cars to the heart of the oil producing world. The automaker announced Monday that its first official venture in the Middle East will be in the United Arab Emirates. The first cars — the Model…
Verizon’s new plan: Consumers win, investors lose
Verizon has brought back its unlimited data plan. That’s great if you’re a Verizon customer. But it is terrible news for its investors. Verizon (VZ) stock fell nearly 1.5% in early trading Monday. It’s now down about 10% so far…
America’s NAFTA nemesis: Canada, not Mexico
America and Canada have one of the world’s biggest trade relationships. President Donald Trump met for the first time Monday with Canada’s Prime Minister Justin Trudeau. “We have a very outstanding trade relationship with Canada,” Trump said at the news…
Apple stock nears record high
Apple has found its groove again. The iPhone maker’s stock hit $133.82 in early trading Monday, putting Apple less than $1 away from its intraday trading high of $134.54, reached in April 2015. Apple’s stock ended the day at $133.29,…
Stocks hit record again. But is Trump the reason?
The Dow, S&P 500, Nasdaq and Russell 2000 each hit new all-time highs Monday. Investors are giddy with excitement and they clearly believe that both big blue chip multinationals and smaller companies that do most of their business in the…
Mexico ready to retaliate by hurting American corn farmers
Mexico is ready to hit the U.S. where it hurts: Corn. Mexico is one of the top buyers of American corn in the world today. And Mexican senator Armando Rios Piter, who leads a congressional committee on foreign relations, says…
‘America First’ could turn into ‘India First’
America is great because of its willingness to accept talented immigrants. That’s what Nandan Nilekani, the billionaire co-founder of Infosys Technologies, would tell President Trump if he had the opportunity. “If you really want to keep the U.S. … globally…
Will the iPhone 8 charge wirelessly?
You may never have to plug in your iPhone again. Apple has joined an industry group devoted to wireless charging, strengthening existing rumors that the next iPhone will charge without a cord. The Wireless Power Consortium, which is made up…