Markets and Business News Review

Mickey Drexler And The De-Schlepping Of Retail

Steve Dennis, Contributor https://www.forbes.com/sites/stevendennis/ — Thu, 06 Aug 2020 08:00:00 -0400

An increasingly important driver of online shopping growth is, as former J. Crew CEO Mickey Drexler has coined it, "de-schlepping." The consumer value of having bulky and heavy items shipped is clear. Whether retailers can make the economics work over the long term is another matter entirely.

The (Mostly) Quantum Physics Of Making Colors

Chad Orzel, Contributor https://www.forbes.com/sites/chadorzel/ — Wed, 01 Jul 2020 09:15:00 -0400

The physics behind giving objects the colors that we see is surprisingly complicated, and mostly traces back to quantum mechanics.

Easing Into Your Data Science Path - 10 Minute Video

Piyanka Jain, Contributor https://www.forbes.com/sites/piyankajain/ — Tue, 21 Jan 2020 09:30:00 -0500

Are you inspired towards your analytics career? If so, here are tips on where to begin.

Investor concerns over US election surpass trade war fears

Tue, 21 Jan 2020 07:08:09 -0500

Key survey shows election outcome now top ‘tail risk’ cited by fund managers

Exclusive: Apple dropped plan for encrypting backups after FBI complained - sources

Tue, 21 Jan 2020 07:05:06 -0500

Apple Inc dropped plans to let iPhone users fully encrypt backups of their devices in the company's iCloud service after the FBI complained that the move would harm investigations, six sources familiar with the matter told Reuters.

Liverpool Target January Swoop For Nice Wonderkid Pedro Brazão

Sam May, Contributor — Tue, 21 Jan 2020 07:04:49 -0500

Liverpool Target January Swoop For Nice Wonderkid Pedro Brazão Liverpool are lining up their third transfer of the January transfer window, with young Nice winger Pedro Brazão on the Anfield clubs radar, according to RMC Sport.

Trump Focuses on Economy at Davos, Seeking a Counter to Impeachment

Annie Karni — Tue, 21 Jan 2020 07:01:41 -0500

President Trump made his first appearance on the international stage since the House sent impeachment articles to the Senate, on the day his trial is set to begin in earnest.

What To Expect From Abbott’s Full-Year 2019 Earnings

Tue, 21 Jan 2020 07:00:00 -0500

Abbott will release its Q4 and full-year 2019 results on Wednesday, January 22. For full-year 2019, Trefis estimates that the company will report: Revenues of $31.8 billion, reflecting 4.1% y-o-y growth, primarily driven by the company’s medical devices segment. Our revenue forecast is slightly...

State Street’s Jay Biancamano Eyes Five Key Trends In The Evolving Frontier Of Digital Assets.

Ben Jessel, Contributor https://www.forbes.com/sites/benjessel/ — Tue, 21 Jan 2020 07:00:00 -0500

As the second largest custody bank in the world, holding the equivalent to 10% of the world’s assets, how State Street thinks about how financial instruments will be created, traded, serviced and custodied, in the future, is something that the financial markets industry pays close attention to.

High Expectations For 90 Words That Will Define Derek Jeter’s Cooperstown Plaque

Tue, 21 Jan 2020 07:00:00 -0500

The only questions that remain regarding Derek Jeter and Cooperstown is what archived photographs will be used to serve as an inspiration for the sculptor and how will the inscription be written on the plaque. In roughly 90 words, the plaque will need to capture the essence and spirit of Jeter.

A Tale Of Two Markets: How Illinois Succeeded In Rollout Of Adult-Use Cannabis And Why Massachusetts Failed

Kris Krane, Contributor https://www.forbes.com/sites/kriskrane/ — Tue, 21 Jan 2020 07:00:00 -0500

HowIllinois succeeded in rolling out an adult-use cannabis market in six months while Massachusetts is still dragging its feet more than three years after legalization.

Cris Cyborg’s Bellator Deal Could Be One Of The Biggest In MMA History

Brian Mazique, Contributor https://www.forbes.com/sites/brianmazique/ — Tue, 21 Jan 2020 07:00:00 -0500

If you have any question about how big of a star Cris Cyborg is in the MMA world, look no further than her contract with Bellator as confirmation.

‘They Don’t Like When I Don’t Agree With Them’: Phoenix Suns Analyst Eddie Johnson On What’s Wrong With Analytics in Basketball

Brendon Kleen, Contributor https://www.forbes.com/sites/brendonkleen/ — Tue, 21 Jan 2020 07:00:00 -0500

This debate seemed to have quieted among most NBA fans. Yet Johnson, who is also a host on Sirius XM’s NBA station, has revved up the vitriol toward analytics this season.

The Oklahoma City Thunder Are The Most Clutch Team in the NBA

Nick Crain, Contributor https://www.forbes.com/sites/nicholascrain/ — Tue, 21 Jan 2020 07:00:00 -0500

Over halfway through the season, the Oklahoma City Thunder hold the 7th seed in the Western Conference with a record of 25-19. Statically speaking, they are the most clutch team in the entire NBA. Let’s break down just how incredible they have been late in games.

Need to Know: Investors behaving eerily similar to January 2018 — a selloff is brewing, warns strategist

Tue, 21 Jan 2020 06:59:12 -0500

Our call of the day is from Saxo Bank’s head of equity strategy Peter Garnry, who is flashing a short-term warning about a stock selloff, especially for technology names, which have led the strong early-year gains.

U.S. tech stocks 'most crowded' trade for bullish investors: BofA survey

Tue, 21 Jan 2020 06:55:30 -0500

U.S. technology and high-growth stocks have been the "most crowded" trade for three months in a row, Bank of America's fund manager survey showed on Tuesday, reflecting the market's bullishness after the U.S.-China preliminary trade deal.

Over Half Of US CEOs See Declining Economy This Year

Douglas A. McIntyre — Tue, 21 Jan 2020 06:45:55 -0500

PricewaterhouseCoopers has issued its 23rd CEO survey. The data was drawn from questions placed to U.S. chief executive officers. The most notable finding is that 62% believe there will be a global growth decline within the next 12 months.

One reason the forecast does not sting as much as it might is that CEOs plan to cut costs, largely via advanced technology. Also, many believe M&A will help them expand. Neither strategy points to the organic growth the most successful U.S. companies have enjoyed over the past several years. The best evidence of this is large tech: Amazon, Google, Apple and Facebook. Together, these companies have been the drivers of the increase in American stock market value. The plans could drive profits nevertheless.

Artificial intelligence and cloud-based businesses are seen as significant contributors to efficiency. The other side of that coin is the rise in cyberattacks and the severe business disruption they can bring. The report notes:

Cyber disruptions could become a drag on growth. CEOs are consumers too, and they’re signaling lower tolerance for breaches. How to bounce back faster from operational and IT disruptions is part of the practical agenda for 2020.

While the survey findings are nothing profound, they are an indication of economic anxiety. This inevitably leads to conservative business decisions. Those, in turn, affect employees and capital spending. Together, shrinking workforces and lower investment erode gross domestic product. That hurts many businesses. It becomes a vicious cycle.

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Trump urges Davos to reject environmental ‘alarmists’

Tue, 21 Jan 2020 06:41:35 -0500

President says he turned a stagnant economy into ‘a roaring geyser of opportunity’

Class B/C Office Buildings More Valuable Green, Report Finds

Tom Pfister, Contributor https://www.forbes.com/sites/tompfister/ — Tue, 21 Jan 2020 06:40:39 -0500

New sustainability research catches attention of Class B and C office building owners.

Mark Hulbert: January gains point to strong 2020 for stocks — but don’t get too excited

Tue, 21 Jan 2020 06:35:47 -0500

If you follow stock market patterns, make sure they pass the test, writes Mark Hulbert.

EU decision on LSE-Refinitiv deal expected in a few months: LSE director

Tue, 21 Jan 2020 06:33:44 -0500

European competition authorities are expected to rule on the London Stock Exchange's $27 billion takeover of data and analytics company Refinitiv "around the summer", an LSE board member said on Tuesday.

DealBook: Davos Warms to Trump’s Results (if Not Him Personally)

Tue, 21 Jan 2020 06:33:06 -0500

Many of the elite who gather at the World Economic Forum were horrified by his election. But most seem to have come to accept the U.S. president.

IMF Turns Negative

Douglas A. McIntyre — Tue, 21 Jan 2020 06:30:13 -0500

The new Global Economic Outlook from the International Monetary Fund strikes a positive tone at first. It then piles on all the threats to the global economy, some of which could undermine the growth of global gross domestic product.

The authors of the report forecast that global GDP will grow from 2.9% last year to 3.3% this year and 3.4% in 2021. The economies in every major region will grow, with the sole exception of the United States. The irony of the prediction is that the United States has helped carry the world’s economy for the past two years.

The new U.S. agreement with China was front and center in the report:

There are preliminary signs that the decline in manufacturing and trade may be bottoming out. This is partly from an improvement in the auto sector as disruptions from new emission standards start to fade. A US-China Phase I deal, if durable, is expected to reduce the cumulative negative impact of trade tensions on global GDP by end 2020—from 0.8 percent to 0.5 percent.

The report’s major caveat is a regular part of these analyses. “The projected recovery for global growth remains uncertain.” It is stating the obvious. Yet, some of the reasons are new:

Importantly, even if downside risks appear to be somewhat less salient than in 2019, policy space to respond to them is also more limited. It is therefore essential that policymakers do no harm and further reduce policy uncertainty, both domestic and international. This will help to revive investment, which remains weak.

It is primarily an admission that central banks have lost most of their power to protect countries from a recession because rates are already at historically low levels.

The other warnings are that global trade tensions continue at historically heightened levels and could flare again. The agreement between China and the United States could fall apart.

Finally, there is a warning on the environment. Ongoing, negative changes in global warming continue to affect several regions, and that will only get worse without radical government action.

The world economy is getting better — maybe.

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TaxWatch: This IRS service saved Americans $1.7 billion, so why have so few people used it?

Tue, 21 Jan 2020 06:29:33 -0500

Free filing is now open to millions of working Americans.

Will 2020 be a good year to buy a home? Here’s what the experts say

Tue, 21 Jan 2020 06:29:13 -0500

Last year, economists expected mortgage rates to rise — but then they fell.

Tax Guy: Tax breaks for college tuition and medical expenses just came back from the dead — read this before filing your taxes

Tue, 21 Jan 2020 06:28:53 -0500

You may have to amend your 2018 return to fully cash in.

The ‘best job in America’ pays $105,000 — and you’ve probably never heard of it

Tue, 21 Jan 2020 06:28:24 -0500

‘Because of the stiff competition to recruit and retain this talent, more companies are investing in their employees’ experiences at work,’ says Amanda Stansell, senior economic research analyst at Glassdoor.

The No. 1 ‘happiest country’ in the world also has one of the highest suicide rates — economists have a theory why

Tue, 21 Jan 2020 06:27:58 -0500

Some 70% of people aged 15 to 64 have a paid job and 60% participate in adult education every year.

Oil market shrugs off Libya crisis

Tue, 21 Jan 2020 06:26:46 -0500

Oil prices fell more than 1% on Tuesday on expectations that a well-supplied market would be able to absorb disruptions that have cut Libya's crude production to a trickle.

Gap Says No To Conscious Uncoupling

Stacey Widlitz, Contributor https://www.forbes.com/sites/staceywidlitz/ — Tue, 21 Jan 2020 06:25:41 -0500

As the Mariah Carey song goes We Belong Together. Gap Inc announced common sense has prevailed and the company will no longer spin off Old Navy. The question now is will Old Navy continue to follow the Gap brand down the non-stop promotional path

The Tell: Fund managers most optimistic on growth in nearly two years as cash at lowest levels since 2013

Tue, 21 Jan 2020 06:24:24 -0500

Fund managers in January were the most optimistic on global growth in nearly two years as they kept their cash positions at the lowest level since 2013.

Do You Know What The World’s Busiest Flight Route Is With 180 Daily Flights?

James Asquith, Contributor https://www.forbes.com/sites/jamesasquith/ — Tue, 21 Jan 2020 06:19:22 -0500

What is the busiest flight route in the world? Most popular flight route in the world. Should to Jeju is the worlds busiest flight route. If you ask most people what route in commercial aviation transports the most passengers, very few would know that it is actually a domestic route in South Korea.

Apple lawsuit tests if an employee can plan rival startup while on payroll

Tue, 21 Jan 2020 06:17:37 -0500

Attorneys for a former Apple Inc executive on Tuesday will try to convince a skeptical judge of a core tenet of tech startup culture - that employees can plan a competing venture while still in a job.

Apple lawsuit tests if an employee can plan rival startup while on payroll

Tue, 21 Jan 2020 06:17:37 -0500

TaxWatch: A proposed ‘millionaire’s tax’ could make it more expensive to be rich in New Jersey

Tue, 21 Jan 2020 06:16:04 -0500

State lawmakers have long fought over how much to tax the rich.

China Virus: A Black Swan?

Douglas A. McIntyre — Tue, 21 Jan 2020 06:15:42 -0500

Rarely does a disease spread fast enough and is labeled dangerous enough that it quickly gets the attention of the World Health Organization. A coronavirus, which has killed several people in China and has spread to other Asian countries, qualifies. If the disease moves to nations outside Asia and the death toll rises, it could become an international health emergency. Among the issues at stake is that it could affect populations around the world and curtail travel.

The coronavirus causes deadly pneumonia. It is found in both humans and animals. While it can cause colds, it may be best known for causing the SARS epidemic of 2002.

The WHO will meet on Wednesday to decide whether to put its considerable resources against the spread of the virus, which has already moved to Japan, South Korea and Thailand.

Among the worries about the virus is that it has no cure. The other is that it can spread very rapidly. The last is that it is very deadly, though not, apparently, as deadly as SARS. It is not hard to imagine that the disease could spread across Asia and beyond.

The National Center for Biotechnology said in a report about the SARS epidemic of 2002:

The SARS epidemic was not simply a public health problem. Indeed, it caused the most severe socio-political crisis for the Chinese leadership since the 1989 Tiananmen crackdown. Outbreak of the disease fueled fears among economists that China’s economy was headed for a serious downturn.

An extremely serious outbreak of the new disease could have consequences similar to 2002. That is why the incident has gotten so much coverage and poses such a considerable threat.

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Harvard Medical School researchers allege ‘erosion’ of standards at FDA, criticizing shorter drug-review times

Tue, 21 Jan 2020 06:15:02 -0500

‘The FDA has increasingly accepted less data and more surrogate measures, and has shortened its review times,’ according to a new study in JAMA.

This ‘incredibly powerful’ home-insurance policy will make pay outs even if your property isn’t damaged

Tue, 21 Jan 2020 06:13:44 -0500

‘The one industry that’s not debating the nature of climate change is the insurance industry.’

France offers to suspend digital tax in dispute with U.S.: source

Tue, 21 Jan 2020 06:13:27 -0500

France has offered to suspend down payments on a digital services tax on big internet companies due in April as part of an effort to resolve a dispute with Washington over the levy, a French Finance Ministry source said on Tuesday.

Credit scores in America just hit a record high — now for the bad news

Tue, 21 Jan 2020 06:13:15 -0500

A new report from Experian found that the average FICO Score in the U.S. reached an all-time high in 2019 of 703.

Brett Arends's ROI: Why Meghan and Harry were financially savvy to choose Canada over the U.S. to build their fortune

Tue, 21 Jan 2020 06:12:48 -0500

The Duke and Duchess of Sussex are headed for the Great White North, and experts say their move makes a lot financial sense.

Introducing the Duke and Duchess of Netflix? Streaming services express interest in working with Meghan and Harry

Tue, 21 Jan 2020 06:12:05 -0500

Netflix chief content officer Ted Sarandos said he would welcome talks with the Sussexes after they quit their royal duties.

Huawei CFO's legal team to contest U.S. extradition in day 2 of Canada hearing

Tue, 21 Jan 2020 06:07:53 -0500

Huawei Chief Financial Officer Meng Wanzhou is set to return to a Vancouver court on Tuesday, where her lawyers will build on their arguments against the U.S. extradition request that they say is based a sanctions violation and not bank fraud.

Huawei CFO's legal team to contest U.S. extradition in day 2 of Canada hearing

Tue, 21 Jan 2020 06:07:53 -0500

Greta Thunberg Urges World Leaders To Address Climate Change Ahead Of Donald Trump’s Davos Speech

Isabel Togoh, Forbes Staff https://www.forbes.com/sites/isabeltogoh/ — Tue, 21 Jan 2020 06:03:16 -0500

Greta Thunberg criticized world leaders gathered in Davos for having done "basically nothing" to tackle climate change.

Peter Morici: Fed should turn to digital money to combat next recession

Tue, 21 Jan 2020 06:00:36 -0500

The economy is doing fine now, but eventually it will hit a rough patch and require better monetary-policy tools from the Federal Reserve.

Who Are The 100 Most Sustainable Companies Of 2020?

Samantha Todd, Forbes Staff https://www.forbes.com/sites/samanthatodd/ — Tue, 21 Jan 2020 06:00:00 -0500

A ranking of the organizations doing the most to embrace sustainable business practices was revealed Tuesday at the World Economic Forum annual meeting in Davos. Compiled by Canadian research firm Corporate Knights, the Global 100 list ranks corporations with revenue in excess of $1 billion.

Hard-Learned, Successful Lessons In How To Help Humanity: Jacqueline Novogratz

Steve Forbes, Forbes Staff https://www.forbes.com/sites/steveforbes/ — Tue, 21 Jan 2020 06:00:00 -0500

The amazing story of how a most unlikely philanthropist is achieving remarkable results in enabling poor people, especially women, to break the bonds of dependence and poverty and achieve dignity and independence.

Operation ‘9’: FC Barcelona Meeting Decides On Suarez Successor - Who Are The Candidates?

Tom Sanderson, Contributor https://www.forbes.com/sites/tomsanderson/ — Tue, 21 Jan 2020 05:59:58 -0500

While Ivan Rakitic and Arturo Vidal will apparently not be sold in the currently open window, it was agreed upon at a Monday meeting that a new number ‘9’ is needed by FC Barcelona given that Luis Suarez is ruled out until the end of the season with a knee knock. So who are the candidates, then?

Uber tests feature allowing some California drivers to set fares: WSJ

Tue, 21 Jan 2020 05:58:49 -0500

Uber Technologies Inc is testing a feature that allows some drivers in California to set their fares, the Wall Street Journal reported https://www.wsj.com/articles/uber-is-testing-a-feature-that-lets-some-california-drivers-set-fares-11579600801 on Tuesday, citing a person involved in developing the feature.

Uber tests feature allowing some California drivers to set fares: WSJ

Tue, 21 Jan 2020 05:58:49 -0500

BP appoints new finance chief as Looney prepares to take over

Tue, 21 Jan 2020 05:33:15 -0500

BP's finance chief Brian Gilvary is to step down in June after eight years in the role and will be replaced by a close ally of Bernard Looney who takes over as chief executive next month.

Facebook targets UK growth with 1,000 hires this year

Tue, 21 Jan 2020 05:12:04 -0500

Facebook will hire 1,000 people in London this year in roles such as product development and safety as it continues to grow its biggest engineering center outside the United States after Britain leaves the European Union.

Facebook targets UK growth with 1,000 hires this year

Tue, 21 Jan 2020 05:12:04 -0500

Eurozone corporate loan demand slides for first time in six years

Tue, 21 Jan 2020 05:03:47 -0500

Spain takes the biggest hit in fourth quarter, ECB’s quarterly bank survey shows

Kelley Blue Book: 10 insider tips for getting the car you want

Tue, 21 Jan 2020 05:03:37 -0500

If you’re shopping for a new car, follow these tips to help you get the car – and the deal – that fits you best

The Tell: Some big coal players may escape BlackRock’s planned divestment

Tue, 21 Jan 2020 05:02:40 -0500

BlackRock has set out plans to rid its portfolio of coal companies. But for diversified miners that dig up an array of products, it’s not obvious which companies will be axed from the fund management giant’s active funds and which will stay.

Hot shots can fly into Davos with sustainable fuel, but here’s why it’s so infrequently used

Tue, 21 Jan 2020 05:01:59 -0500

The problem is that planes run on kerosene, an energy-dense fossil fuel that can operate at low temperatures that has proved hard to replace with more environmentally friendly options

Tycoon behind Pret A Manger plans an IPO of his latest health food chain to fund major U.S. expansion drive

Tue, 21 Jan 2020 05:01:37 -0500

Julian Metcalfe, a co-founder of popular coffee and sandwich chain Pret A Manger, will seek a stock market listing to fund 1,000 new U.S. stores of his Itsu chain.

NerdWallet: The steep costs of bad financial advice

Tue, 21 Jan 2020 05:01:24 -0500

Here are some areas where you need to be particularly careful to seek out the best advice.

Women’s Gains in the Work Force Conceal a Problem

Claire Cain Miller — Tue, 21 Jan 2020 05:00:19 -0500

Jobs traditionally viewed as female still don’t pay well, and still don’t appeal to men. Fixing one of these things would fix the other.

Everything Was Spectacular About Ben Simmons’ Triple-Double For The Philadelphia 76ers

Larry Fleisher, Contributor https://www.forbes.com/sites/larryfleisher/ — Tue, 21 Jan 2020 05:00:00 -0500

He is more of a point forward, but however you want to describe him, Ben Simmons was the best player on the floor when the 76ers made all the plays in a 117-111 win over the reeling Brooklyn Nets, who are dealing with numerous defeats of late and another Kyrie Irving injury.

Trading Kyle Kuzma For Derrick Rose Is An Easy Decision For The Lakers

Gabe Zaldivar, Contributor https://www.forbes.com/sites/gabezaldivar/ — Tue, 21 Jan 2020 05:00:00 -0500

When it comes to Derrick Rose and the NBA trade deadline, it's time for the Lakers to play their Kyle Kuzma card.

KFC apologizes for 'sexist' Australian ad: report

Tue, 21 Jan 2020 04:57:09 -0500

KFC apologized for an advertisement in Australia that shows two young boys staring at a woman's breasts, after calls from a local campaign group to boycott the fast-food giant over the ad it called "sexist", the Australian Associated Press reported.

Europe Markets: European luxury stocks blasted over virus worries as UBS hit by lowered guidance

Tue, 21 Jan 2020 04:55:18 -0500

European stocks slumped on Tuesday as worries over a spreading virus in China as well as weak guidance from Swiss banking giant UBS weighed.

Airbus adds new A321 production capabilities in France to meet strong demand

Tue, 21 Jan 2020 04:50:27 -0500

European planemaker Airbus said on Tuesday that it had decided to create new A321 production capacity at its French site in Toulouse, in order to cope with strong demand.

Japan's Aeon aims to serve eco-certified sushi in time for Olympics

Tue, 21 Jan 2020 04:26:12 -0500

Japanese supermarket chain Aeon Co Ltd , Asia's biggest retailer by sales, said it aims to start selling eco-certified sushi this year amid growing demand for sustainable seafood and in time for an expected surge in tourists during the Tokyo Olympics.

Three U.S. Airports to Check Passengers for a Deadly Chinese Coronavirus

Denise Grady — Tue, 21 Jan 2020 04:18:38 -0500

Passengers from Wuhan, China, will be screened at J.F.K. beginning Friday night, and in San Francisco and Los Angeles starting on Saturday.

Talks on tech tax with U.S. still difficult: France's Le Maire

Tue, 21 Jan 2020 04:13:29 -0500

Talks between France and the United States on taxing digital companies "remained difficult", French Finance Minister Bruno Le Maire said on Tuesday, despite a pledge by the two countries to avoid a trade war until at least the end of this year.

MTG shares dive as China e-sports talks fail

Tue, 21 Jan 2020 04:11:44 -0500

Shares in Swedish e-sports and gaming firm MTG dived nearly 20% on Tuesday, after it said talks with live streaming platform Huya over a joint venture to break into the Chinese e-sports market had been terminated.

China virus sends shiver through markets as risks mount

Tue, 21 Jan 2020 04:07:05 -0500

Global shares took a beating on Tuesday, wiping out all gains made at the start of the week as mounting concerns about a new strain of coronavirus in China sent a ripple of risk aversion through markets.

China and HK shares fall on spread of Sars-like virus

Tue, 21 Jan 2020 03:58:54 -0500

Consumer stocks down as Beijing confirms first case of human-to-human transmission

Why The Coppa Italia Format Needs An Urgent Overhaul

Tue, 21 Jan 2020 03:56:54 -0500

While it’s true that Italy has a much bigger gulf between the top flight and the divisions below it than the English equivalent, the inclusion of the smaller teams would make for some interesting viewing, if only the tournament wasn’t fatally flawed in the way it has been set up.

Watch Trump speech live from Davos

Tue, 21 Jan 2020 03:56:11 -0500

President Donald Trump is due to deliver a speech to the World Economic Forum in Davos.

Uber sells Indian Eats business to Zomato in move to cut losses

Tue, 21 Jan 2020 03:35:32 -0500

Uber has sold its loss-making online food-ordering business in India to local rival Zomato in exchange for a 9.99% stake in the startup backed by China's Ant Financial.

Uber sells Indian Eats business to Zomato in move to cut losses

Tue, 21 Jan 2020 03:35:32 -0500

Uber has sold its loss-making online food-ordering business in India to local rival Zomato in exchange for a 9.99% stake in the startup backed by China's Ant Financial.

Talks on digital tax with U.S. remain difficult: France's Le Maire

Tue, 21 Jan 2020 03:33:15 -0500

France's Finance Minister Bruno Le Maire said on Tuesday talks with the United States on the taxation of digital companies "remained difficult" despite a pledge from the two countries to avoid a trade war until at least the end of this year.

Air France-KLM proposes buying 49% of Malaysia Airlines, JAL seeks smaller stake: sources

Tue, 21 Jan 2020 03:20:35 -0500

Proposals to invest in ailing Malaysia Airlines include one from Air France-KLM which wants as much as 49% while Japan Airlines is looking at a 25% stake, people with knowledge of the matter said.

Britain's TalkTalk sells fiber network to CityFibre for 200 million pounds

Tue, 21 Jan 2020 03:17:05 -0500

British broadband supplier TalkTalk said it had agreed to sell its fiber network, which initially built ultra-fast connections in the northern city of York, to Goldman Sachs-backed CityFibre for 200 million pounds ($260 million).

UBS misses targets after profit falls in 2019

Tue, 21 Jan 2020 03:09:25 -0500

Solid fourth quarter failed to recoup a steep fall in profits at investment bank

Earnings Outlook: Netflix earnings should show fallout from new streaming rivals, preparations for more

Tue, 21 Jan 2020 03:05:11 -0500

Netflix Inc. endured the first wave of a competitive assault late last year, and financial results coming Tuesday will show how it was affected, and what it expects as it braces for a second wave in the spring.

Oil prices slide as supply concerns fade

Tue, 21 Jan 2020 03:03:51 -0500

Oil prices fell nearly 1% on Tuesday as investors expected Libya's oil production to eventually resume following a force majeure declared by the oil exporter on two major oilfields amid a military blockade.

Key events in Huawei CFO Meng Wanzhou's extradition case

Tue, 21 Jan 2020 02:58:39 -0500

Meng Wanzhou, chief financial officer of Huawei Technologies Co Ltd, will appear in a Vancouver, Canada, courtroom on Monday for the first day of her extradition trial, a process expected to take months - possibly years - to decide whether she can be extradited from Canada to the United States.

Huawei CFO's lawyer attacks U.S. extradition case in Canadian trial

Tue, 21 Jan 2020 02:58:39 -0500

A lawyer for Huawei Chief Financial Officer Meng Wanzhou argued on Monday that "double criminality" was at the center of a trial to decide whether she can be extradited to the United States, a case that has strained relations between Ottawa and Beijing.

Key events in Huawei CFO Meng Wanzhou's extradition case

Tue, 21 Jan 2020 02:58:39 -0500

Huawei CFO's lawyer attacks U.S. extradition case in Canadian trial

Tue, 21 Jan 2020 02:58:39 -0500

Dow Jones Newswires: EasyJet 1Q 2020 revenue per seat rose 8.8%

Tue, 21 Jan 2020 02:57:25 -0500

The airline said first-half capacity is expected to grow 1.5%, primarily dragged by French air-traffic control strikes. The airline had previously expected growth of around 1.7%.

Boeing seeks to borrow $10 billion or more amid 737 MAX crisis: source

Tue, 21 Jan 2020 02:55:18 -0500

Boeing Co is in talks with banks about borrowing $10 billion or more amid rising costs for the U.S. planemaker after two crashes involving its 737 MAX jetliner, a source told Reuters on Monday.

Trivago misled customers by hiding best deals: Australian court

Tue, 21 Jan 2020 02:44:41 -0500

Trivago NV misled customers in advertisements that claimed its website showed the best hotel prices when in fact it displayed deals that generated the highest commissions for the German travel comparison site, an Australian court has ruled.

New China Billionaire Clan Has A Winning Hand

Tue, 21 Jan 2020 02:44:00 -0500

China is home to the world's second-largest number of billionaires after the United States.

BP's CFO Brian Gilvary to retire in June, insider to move into role

Tue, 21 Jan 2020 02:39:40 -0500

Oil major BP Plc said on Tuesday its finance chief Brian Gilvary will be retiring after eight years in the role, with the announcement coming just two weeks before Bernard Looney takes over as chief executive officer.

Australian Coal Company Says Bush-Fire Smoke Is Slowing Production

Isabella Kwai — Tue, 21 Jan 2020 02:31:36 -0500

The poor air quality is making equipment harder to operate, and some workers have had to take leave to fight fires. The irony was not lost on many in Australia.

Australian Coal Company Says Bush-Fire Smoke Is Slowing Production

Isabella Kwai — Tue, 21 Jan 2020 02:31:36 -0500

The poor air quality is making equipment harder to operate, and some workers have had to take leave to fight fires. The irony was not lost on many in Australia.

Taxpayers Fund College Degrees That Don’t Pay Off

Preston Cooper, Contributor https://www.forbes.com/sites/prestoncooper2/ — Tue, 21 Jan 2020 02:30:00 -0500

A significant minority of degree programs at public and private nonprofit colleges would have been closed, had a landmark accountability rule applied to them.

Britain's TalkTalk sells its fiber network to CityFibre for 200 million pounds

Tue, 21 Jan 2020 02:27:17 -0500

BP's finance chief Brian Gilvary to retire in June

Tue, 21 Jan 2020 02:25:21 -0500

British oil major BP Plc said on Tuesday its finance chief Brian Gilvary will be retiring after eight years in the role at the end of June and will be succeeded by Murray Auchincloss.

Asia Markets: Asia markets slide as concerns over coronavirus take hold

Tue, 21 Jan 2020 02:16:14 -0500

The Bank of Japan kept its policy unchanged on Tuesday and said it expects the government’s fiscal stimulus to help the economy grow slightly faster than previously projected.

Dow Jones Newswires: UBS cuts mid-term guidance after missing 2019 targets

Tue, 21 Jan 2020 02:10:47 -0500

The bank missed its key targets for the year. It had targeted a return on Common Equity Tier 1 capital of around 15% and an adjusted cost-income ratio of about 77%. Instead, return on CET1 capital was 12.4% for 2019, while the adjusted cost-income ratio stood at 78.9%.

Oil prices fall nearly 1% as supply concerns ease

Tue, 21 Jan 2020 02:08:49 -0500

Oil prices fell nearly one percent on Tuesday as investors expected Libya's oil production to eventually resume following a force majeure declared by the oil exporter on two major oilfields amid a military blockade.

Damian Lillard Gives Trail Blazers Fans A Magical Lift With A 61-Point Effort

Mike Tokito, Contributor https://www.forbes.com/sites/miketokito/ — Tue, 21 Jan 2020 02:08:43 -0500

The guard scores a career high, and a high for all NBA players this season, in a win over Golden State.

Can IBM Beat Consensus For FY 2019?

Tue, 21 Jan 2020 02:00:00 -0500

IBM (NYSE: IBM) is slated to release its Q4 and full-year 2019 results on January 21, 2020. Trefis details expectations from IBM in an interactive dashboard, parts of which are highlighted below. We believe that IBM’s Revenues will beat consensus but the Earnings will miss slightly...

Dow Jones Newswires: Hugo Boss sales, profit rose on European Growth

Tue, 21 Jan 2020 01:59:51 -0500

The fashion retailer posted quarterly sales of 825 million euros ($915 million) in its preliminary results, a 4% increase when adjusted for currency effects.

Dow Jones Newswires: UBS sells majority stake in Fondcenter to Deutsche Boerse’s Clearstream

Tue, 21 Jan 2020 01:44:24 -0500

The Swiss bank said that it expects to make an after-tax gain of $600 million--and recognize a CET1 capital increase of about $400 million--from the deal, which it expects to close in the second half of this year.

Calpers and the ‘illiquidity premium’

Tue, 21 Jan 2020 01:30:57 -0500

Outta site, outta mind.

Vikings Must Rebuild Secondary If They Are Going To Rebound In 2020

Tue, 21 Jan 2020 01:26:09 -0500

When the Minnesota Vikings season ended in ignominious fashion in the divisional playoffs against the Super Bowl-bound San Francisco 49ers, there was every reason for head coach Mike Zimmer to question his team’s defensive effort.

Uber sells Indian food delivery business to Zomato

Tue, 21 Jan 2020 01:08:49 -0500

Ride-hailing group exits market after failing to win against domestic competitors

Blu-ray Picks: ‘The Addams Family,’ Zombies, And Kevin Smith

Luke Y. Thompson, Contributor https://www.forbes.com/sites/lukethompson/ — Tue, 21 Jan 2020 01:08:38 -0500

The theme of this week’s major releases is family, in all its weirdest, quirkiest forms.

WWE Raw Results And Grades: More Superstars Declared For The Rumble, And New Champions Crowned

Brian Mazique, Contributor https://www.forbes.com/sites/brianmazique/ — Tue, 21 Jan 2020 01:02:46 -0500

The final Raw before Sunday’s Royal Rumble was interesting with a few strong spots, but at least we head into the year’s first pay-per-view with a bit of intrigue.

Japan's Aeon aims to start selling eco-certified sushi in time for Olympics

Tue, 21 Jan 2020 01:02:40 -0500

Emerging market inflation hits near-six-year high

Tue, 21 Jan 2020 01:00:59 -0500

Rising food and fuel prices could halt rate-cut cycle in its tracks

Dow Jones Newswires: BHP’s iron ore output lifts on year, guidance unchanged

Tue, 21 Jan 2020 01:00:22 -0500

BHP, the world’s biggest miner by market value, produced 121 million tons of iron ore in its fiscal first half.

What’s In A Name? The Politics Behind America’s Newest Aircraft Carrier

Craig Hooper, Contributor https://www.forbes.com/sites/craighooper/ — Tue, 21 Jan 2020 00:54:19 -0500

Yesterday, the U.S. Navy broke from convention, naming an aircraft carrier after Ship’s Cook Third Class Doris “Dorie” Miller, a humble, enlisted naval hero. Up to now, carriers are usually named for Presidents, congressmen or Navy admirals. Why such a dramatic departure from established tradition?

Tech groups dominate Davos but focus shifts to unicorns

Tue, 21 Jan 2020 00:15:25 -0500

Antitrust, privacy issues and ‘technology for good’ feature on World Economic Forum agenda

Trump Tariff Aid To Farmers Cost More Than U.S. Nuclear Forces

Tue, 21 Jan 2020 00:11:33 -0500

The $28 billion for farmers raises questions about using taxpayer money to shield policymakers from the consequences of tariff increases.

Hackers of 2050 to target smart cities and deep fakes

Tue, 21 Jan 2020 00:00:45 -0500

Growing connectivity widens scope for large-scale attacks while AI will exploit users

Tech at vanguard of future crime detection and prevention

Tue, 21 Jan 2020 00:00:40 -0500

Law enforcement must seize new opportunities without infringing citizens’ privacy

Climate change threatens quant funds

Tue, 21 Jan 2020 00:00:37 -0500

Your guide to the investment and business revolution you can’t afford to ignore

EY holds ‘belonging’ workshops after behaviour claims

Tue, 21 Jan 2020 00:00:36 -0500

Scandal-hit firm wants culture ‘where everyone feels respected and cared for’

US-China tech dispute: suspicion in Silicon Valley

Tue, 21 Jan 2020 00:00:33 -0500

Chinese engineers who have made their careers in the US are beginning to question their place in the country

US gas exporters fight for survival in supply glut

Tue, 21 Jan 2020 00:00:28 -0500

Prices fall around the world and planned capacity exceeds what will be needed

Turkey eyes EU aid as investment pays off for Syrians

Tue, 21 Jan 2020 00:00:28 -0500

Ankara is anxious for further support once €6bn programme ends

Saudi women embrace new freedoms

Tue, 21 Jan 2020 00:00:28 -0500

Single female graduates are living and working away from their families for first time

Asia shares feel a chill as China virus risks mount

Mon, 20 Jan 2020 23:26:45 -0500

Asian shares took a sudden turn for the worse on Tuesday as mounting concerns about a new strain of coronavirus in China sent a ripple of risk aversion through markets.

Uber sells Indian food delivery arm to Ant Financial-backed Zomato

Mon, 20 Jan 2020 23:25:23 -0500

Uber has sold its online food-ordering business in India to local rival Zomato in exchange for a 9.99% stake in the startup backed by China's Ant Financial, limiting its exposure to a crowded market where it has struggled to grow.

Uber sells Indian food delivery arm to Ant Financial-backed Zomato

Mon, 20 Jan 2020 23:25:23 -0500

WWE Raw Results: News And Notes After Seth Rollins And Buddy Murphy Win Raw Tag Team Titles

Alfred Konuwa, Contributor https://www.forbes.com/sites/alfredkonuwa/ — Mon, 20 Jan 2020 23:01:39 -0500

WWE Raw news, notes and business analysis on Monday, January 20, 2020 from Wichita, Kan.

Bulls and bears are still bashing it out over sterling

Mon, 20 Jan 2020 23:00:43 -0500

UK currency is firmly among the world’s worst performers this year

Companies face trouble from their older staff

Mon, 20 Jan 2020 23:00:40 -0500

Employers may want them gone but most workers would prefer to stay

US landlords grapple with thousands of store closures

Mon, 20 Jan 2020 23:00:37 -0500

Keeping properties vacant can be less risky than refusing to lower rents

Green loans catch on in push for companies to clean up

Mon, 20 Jan 2020 23:00:34 -0500

Unlike green bonds, money from sustainability-linked loans can be used for any purpose

How a herd of cows trampled on human stockpickers

Mon, 20 Jan 2020 23:00:30 -0500

Norwegian TV show highlighted just how hard it can be for investors to beat the market

Lux Capital embroiled in legal dispute with close friends

Mon, 20 Jan 2020 23:00:28 -0500

Early shareholders allege they were forced to sell out for less than the value of their stakes

Battle lines drawn on post-Brexit trade talks

Mon, 20 Jan 2020 23:00:28 -0500

UK chancellor insists ‘there will not be alignment’ with EU regulation

China Says It Will Ban Plastics That Pollute Its Land and Water

Chris Buckley — Mon, 20 Jan 2020 22:27:37 -0500

Though likely to be welcomed by many Chinese who worry about pollution, the measures could be a hard sell for a society used to convenience.

The Moneyist: ‘I’m 22 with $70,000 in savings and investments, but I’m addicted to checking my brokerage accounts multiple times a day’

Mon, 20 Jan 2020 22:27:13 -0500

‘I am addicted to watching the “total accounts” number grow in my portfolio.’

Oil prices ease as supply risk concerns fade

Mon, 20 Jan 2020 22:22:24 -0500

Oil prices eased on Tuesday as investors appeared to shrug off earlier supply concerns following a force majeure declared by Libya on two major oilfields amid a military blockade.

Super Bowl LIV: 49ers-Chiefs, Inside The Numbers

Vincent Frank, Contributor https://www.forbes.com/sites/vincentfrank/ — Mon, 20 Jan 2020 22:20:24 -0500

The San Francisco 49ers (15-3) and Kansas City Chiefs (14-4) will do battle Feb. 2 in Super Bowl LIV in Miami to decide this year’s NFL champion. Here are some numbers to look at for the game.

Asia shares lurch lower, China flu risks mount

Mon, 20 Jan 2020 22:07:39 -0500

Asian shares took a sudden lurch lower on Tuesday as mounting concerns about a new strain of pneumonia in China sent a ripple of risk aversion through markets.

From Buffett to Bloomberg: The 25 Philanthropists In America Making The Biggest Donations

Jennifer Wang, Forbes Staff https://www.forbes.com/sites/jenniferwang/ — Mon, 20 Jan 2020 22:00:00 -0500

As billionaires flock to Davos to discuss issues like wealth inequality, Forbes looks at the top American philanthropists of the past five years.

Boxing Champion Stacey Copeland Hails Innovative Initiative To Increase Female Influence In Sport

James Ayles, Contributor https://www.forbes.com/sites/jamesayles/ — Mon, 20 Jan 2020 21:10:05 -0500

Stacey Copeland has called for greater investment in women's sport after being unveiled as a key figure in the Women's Sport Trust's 'Unlocked' campaign.

Asia shares lurch lower, flu concerns a possible culprit

Mon, 20 Jan 2020 20:59:12 -0500

Asian shares took a sudden lurch lower on Tuesday as a ripple of risk aversion swept markets, though analysts could find no obvious trigger for the move.

Timo Werner: Where Is Next For RB Leipzig’s $85 Million Forward?

Manuel Veth, Contributor https://www.forbes.com/sites/manuelveth/ — Mon, 20 Jan 2020 20:57:58 -0500

On Saturday, Timo Werner scored twice against Union Berlin to become the first Bundesliga player to score 20 goals. On fire this season, Werner has been linked with a move away from Leipzig, but where will he go?

Uber Sells Food Delivery Business in India

Vindu Goel and Kate Conger — Mon, 20 Jan 2020 20:56:26 -0500

The ride-hailing giant agreed to sell Uber Eats in India to rival Zomato, continuing its recent efforts to exit money-losing businesses.

Proposed rules for Trump impeachment trial outrage Democrats

Mon, 20 Jan 2020 20:50:35 -0500

Senate Republican leader’s resolution raises bar for the introduction of evidence

How VIZIO is Changing TV Advertising

Alan Wolk, Contributor https://www.forbes.com/sites/alanwolk/ — Mon, 20 Jan 2020 20:43:46 -0500

As the TV industry heads into a new year of massive changes brought on by the rapid growth of the FASTS (Free Ad-Supported Streaming TV Services) and the Flixes (all those multi-billion dollar Netflix competitors), ad executives are looking for new ways to reach elusive CTV consumers.

The Wall Street Journal: Connecticut Republican admits to operating Facebook pages defending him while claiming to be run by pro-Trump groups in other states

Mon, 20 Jan 2020 20:31:22 -0500

The coordination of the pages was uncovered in an analysis conducted by the social-media intelligence company Storyful, which is owned by News Corp, parent of MarketWatch and Wall Street Journal publisher Dow Jones.

Africa’s Richest Woman Is Barred From Her Bank and Under Investigation

Michael Forsythe — Mon, 20 Jan 2020 20:11:17 -0500

A trove of leaked documents showed how Isabel dos Santos, the daughter of Angola’s ex-president, exploited the country’s wealth to enrich herself.

Air Niugini delays delivery of four 737 MAX jets until at least 2024

Mon, 20 Jan 2020 19:43:56 -0500

Papua New Guinea carrier Air Niugini has updated its contract with Boeing Co to delay the delivery of its four 737 MAX jets on order until at least 2024, the airline's chief executive said on Tuesday.

Jody Stephens Looks Back On Big Star, Celebrates Legacy Of Ardent As Craft Recordings Preps Reissue Of #1 Record And Radio City Albums

Jim Ryan, Contributor https://www.forbes.com/sites/jimryan1/ — Mon, 20 Jan 2020 19:43:34 -0500

Lone surviving Big Star member Jody Stephens looks back on the group's first two albums as Craft Recordings preps 180 gram vinyl reissues. The drummer also discusses his role carrying forth the legacy of engineer John Fry and Ardent Studios as well as his latest musical project Those Pretty Wrongs.

Asia shares hold steady, BOJ and Trump awaited

Mon, 20 Jan 2020 19:31:59 -0500

Asian shares got off to a cautious start on Tuesday lacking any lead from Wall Street and after the IMF shaved its outlook for world growth this year, though it did offer a brighter view on China.

9 Manhattan Rooftop Bars To Enjoy This Winter

Lisa Kocay, Contributor https://www.forbes.com/sites/lisakocay/ — Mon, 20 Jan 2020 19:23:14 -0500

The spaces have transformed to accommodate for the cold weather, whether that be by providing heated igloos to drink in or enclosing the rooftop space as to not obstruct the views.

Davos summit: Protesters hike up to Davos

Mon, 20 Jan 2020 19:20:06 -0500

Several hundred protesters are making a three-day hike up to Davos, to coincide with President Trump's arrival at the World Economic Forum.

BTS’s RM Is The Fifth K-Pop Soloist To Reach Billboard’s Digital Song Sales Chart

Hugh McIntyre, Contributor https://www.forbes.com/sites/hughmcintyre/ — Mon, 20 Jan 2020 19:20:00 -0500

As his band gears up to release their new album Map of the Soul: 7 in just about a month, BTS member RM is also busy lending his talents to songs fronted by other artists.

The Braves Are Giving King Felix A Last Shot At October Glory

Mon, 20 Jan 2020 19:09:47 -0500

Felix Hernandez has never pitched in the postseason, but we can hope his time is coming later rather than never.

Why India is seeking to lure rupee trading onshore

Mon, 20 Jan 2020 19:01:43 -0500

Authorities have grown concerned over rising offshore volumes in the currency

Protests hit Hong Kong’s life insurance industry

Mon, 20 Jan 2020 19:01:25 -0500

Unrest has scared off Chinese tourists looking to get cash out of mainland

The Wall Street Journal: Modern studies suggest the ‘normal’ body temperature of 98.6° is a degree too high

Mon, 20 Jan 2020 19:00:31 -0500

In one new study, researchers at Stanford argue that Carl Reinhold August Wunderlich’s number, which he arrived at a century and a half ago, was correct at the time but is no longer accurate because the human body has changed.

Hong Kong v Shenzhen: the battle for supremacy

Mon, 20 Jan 2020 19:00:28 -0500

After months of protests in the former British colony, Beijing is boosting its rival’s status

Injuries Continue To Derail Kyrie Irving, Nets As Losing Streak Hits Four

Mike Mazzeo, Contributor — Mon, 20 Jan 2020 18:58:21 -0500

The 27-year-old All-Star point guard has a new injury — right hamstring tightness — that kept him out of Monday’s 117-111 loss to the Philadelphia 76ers, the team’s fourth straight setback.

A New Player at Sundance, Backed by Laurene Powell Jobs

Nicole Sperling — Mon, 20 Jan 2020 18:38:08 -0500

One-fourth of the documentaries in the Sundance Film Festival’s competition for American nonfiction films come from the same upstart company, Concordia Studio.

Don’t Look Now But The Trump Tariff War Is Still On

Mon, 20 Jan 2020 18:35:56 -0500

Some people might believe all was resolved last week between the U.S. and China but in fact very little has been accomplished, according to many, and the tariff pain is still epidemic

France signals breakthrough in US digital tax talks

Mon, 20 Jan 2020 18:32:17 -0500

Foreign ministry official says two sides have reached ‘ceasefire’ avoiding tariff escalation

Mexican police clash with Central American caravan

Mon, 20 Jan 2020 18:29:25 -0500

Crackdown is aimed at staving off Trump threat of tariffs on exports

Drink These Popular Japanese Whiskies Before They Disappear For Good

Brad Japhe, Contributor https://www.forbes.com/sites/bradjaphe/ — Mon, 20 Jan 2020 18:21:59 -0500

Your favorite Japanese whiskies will now be even harder to find.

Macron and Trump declare truce in digital tax dispute

Mon, 20 Jan 2020 18:20:39 -0500

French President Emmanuel Macron said on Monday he had a "great discussion" with U.S. President Donald Trump over a digital tax planned by Paris and said the two countries would work together to avoid a rise in tariffs.

Trump, Macron agree important to complete digital services tax talks

Mon, 20 Jan 2020 18:19:48 -0500

U.S. President Donald Trump and French President Emmanuel Macron agreed on the importance of completing a successful negotiation on the digital services tax, the White House said on Monday.

T.J. McConnell Figured The Indiana Pacers Out. Now, He’s A Critical Part Of The Team’s Success

Tony East, Contributor https://www.forbes.com/sites/tonyeast/ — Mon, 20 Jan 2020 18:18:06 -0500

T.J. McConnell struggled at the beginning of the season with the Pacers. But as the season went along, he grew into an important piece for the team.

How Boeing’s Responsibility in a Deadly Crash ‘Got Buried’

Chris Hamby — Mon, 20 Jan 2020 18:15:38 -0500

A study that blasted Boeing after a 2009 accident was never made public. Other criticisms were tempered by investigators after the company and U.S. safety officials objected.

Tesla rebuffs U.S. safety recall petition, says no unintended acceleration in vehicles

Mon, 20 Jan 2020 18:06:45 -0500

Tesla Inc said on Monday there was no unintended acceleration in its vehicles, as it responded to a petition to a U.S. safety regulator to investigate and recall around 500,000 of the company's electric cars over the alleged defect.

Tesla rebuffs U.S. safety recall petition, says no unintended acceleration in vehicles

Mon, 20 Jan 2020 18:06:45 -0500

Barclay brothers in talks to sell Ritz hotel

Mon, 20 Jan 2020 17:52:58 -0500

Jeddah-based group representing wealthy families shows interest in London institution

Iowa’s Monika Czinano Named To Big Ten Honor Roll For First Time

Mon, 20 Jan 2020 17:38:39 -0500

Monika Czinano, who on Monday was named to her first career Big Ten weekly honor, occupies an impossible role for the 2019-20 Iowa Hawkeyes women's basketball team with relative ease.

North Carolina’s Roy Williams Enduring ‘Sleepless Nights’ Amid Losing Season, Awaiting Return Of Cole Anthony

Adam Zagoria, Contributor https://www.forbes.com/sites/adamzagoria/ — Mon, 20 Jan 2020 17:35:58 -0500

Roy Williams has coached high-major college basketball for 32 years and never once has he endured a losing season.

Lawyers for Huawei’s Meng seek to have extradition case dropped

Mon, 20 Jan 2020 17:35:18 -0500

Legal team argues that US case is about Trump’s foreign policy rather than bank fraud

BookWatch: If you want to live your dream life, you need to calculate your billable-hour rate

Mon, 20 Jan 2020 17:34:14 -0500

So much of what you’re filling your days with is taking your time away from the things you really want to do and making you less productive in all parts of your life.

The Davos Plutocrats Warm Up to Trump

Andrew Ross Sorkin — Mon, 20 Jan 2020 17:31:39 -0500

C.E.O.s have come to accept the president, in spite of his populist views and governance-by-Twitter style. Tax cuts and a record stock market speak volumes.

Mexican union suspends strike threat against Home Depot

Mon, 20 Jan 2020 17:28:21 -0500

A top Mexican trade union said on Monday it has suspended its threat to launch a strike at Home Depot stores across Mexico over labor demands, adding it is in talks with the U.S. home improvement chain to improve pay and benefits for workers.

Does Las Vegas Raiders-Tom Brady Marriage Make Sense?

Mon, 20 Jan 2020 17:01:54 -0500

There is chatter that the Las Vegas Raiders will pursue quarterback Tom Brady in free agency. Is it a good idea?

NewsWatch: Some big coal players may escape BlackRock’s planned divestment

Mon, 20 Jan 2020 17:00:09 -0500

‘Between You And I’: Royal Grammatical Blunders To Avoid At Work

Rob Asghar, Contributor https://www.forbes.com/sites/robasghar/ — Mon, 20 Jan 2020 16:59:14 -0500

“The decision that I have made for my wife and I to step back is not one I made lightly,” Prince Harry, Duke of Sussex, said. Can you spot the grammatical blunder in those words?

Huawei CFO Meng's lawyer says 'double criminality' at center of U.S. extradition case

Mon, 20 Jan 2020 16:53:36 -0500

A lawyer for Huawei Chief Financial Officer Meng Wanzhou argued on Monday that "double criminality" was at the center of a trial to decide whether Meng can be extradited to the United States, a case that has strained relations between Ottawa and Beijing.

Huawei CFO Meng's lawyer says 'double criminality' at center of U.S. extradition case

Mon, 20 Jan 2020 16:53:36 -0500

Could A Helium Shortage Degrade Weather Forecasts?

Mon, 20 Jan 2020 16:46:25 -0500

Here's how a global helium shortage could affect the quality of weather forecasts.

Cristiano Ronaldo: Juventus Talisman Delighted With Win After Inter Milan Slip Up

Sam May, Contributor — Mon, 20 Jan 2020 16:44:39 -0500

Cristiano Ronaldo highlighted the importance of his team's victory over Parma, following Inter Milan's draw against Lecce on Sunday.

Oil rises as Libya declares force majeure in oilfields

Mon, 20 Jan 2020 16:40:55 -0500

Oil prices rose to their highest in more than a week on Monday after two large crude production bases in Libya began shutting down amid a military blockade, risking reducing crude flows from the OPEC member to a trickle.

Alphabet CEO backs temporary ban on facial-recognition, Microsoft disagrees

Mon, 20 Jan 2020 16:03:36 -0500

The EU's proposal for a temporary ban on facial-recognition technology won backing from Alphabet Chief Executive Sundar Pichai on Monday but got a cool response from Microsoft President Brad Smith.

Long Before Astros, 1960s White Sox Did Real-Time Sign-Stealing

Mon, 20 Jan 2020 15:49:21 -0500

Real-time sign-stealing didn't start with the 2017 Houston Astros. While there was no camera used, the Chicago White Sox had a system in the 1960s. Here's the story.

Patrick Mahomes Just Surpassed Tom Brady In NFL Products Sold This Season

Lisette Voytko, Forbes Staff https://www.forbes.com/sites/lisettevoytko/ — Mon, 20 Jan 2020 15:44:10 -0500

The Kansas City quarterback has so far sold more jerseys, sweatshirts and other apparel than any other NFL player this year.

Will One Of Baseball’s Ultimate Showmen Get The Call From The Hall?

Jim Ingraham, Contributor https://www.forbes.com/sites/jimingraham/ — Mon, 20 Jan 2020 15:42:25 -0500

Omar Vizquel scores higher on the fan meter than the analytics meter, but the voters will decide.

In a Sharp Downturn, College Can Be a Shock Absorber

Susan Dynarski — Mon, 20 Jan 2020 15:40:37 -0500

The lessons of the last recession were harsh but clear. Public colleges need plenty of money during economic declines.

Macron and Trump declare a truce in digital tax dispute

Mon, 20 Jan 2020 15:22:45 -0500

Trump lawyers claim president cannot be removed for abusing power

Mon, 20 Jan 2020 15:18:08 -0500

Attorneys argue in 171-page brief that impeachment charges fail to allege ‘any violation of law’

The Rarest Types of Weather on Earth

Thomas C. Frohlich — Mon, 20 Jan 2020 15:05:15 -0500

Earth’s climate systems are extraordinarily complex, producing every moment of the day weather and climate conditions of all varieties. Predicting the weather even a few days into the future remains an imperfect science riddled with challenges only made larger by climate change.

24/7 Wall St. compiled a list of 21 rare weather events. We concentrated on the most surprising and infrequently occurring weather patterns — be they unusual varieties of catastrophic storms such as cyclones in the Mediterranean Sea, or spectacular visual phenomena such as ball lightning.

Some of these unusual weather events appear to be occurring with greater frequency as shifts in the Earth’s climate continue to accelerate. Here is a list of places where the weather is getting worse because of climate change.

Last year was the second hottest recorded year on Earth and the second wettest year on record for the United States. (Here are the hottest cities in every state, and the rainiest cities in the United States).

Unusual high pressure zones in 2013 blocked or diverted storms off the coast of California, leading to one of the worst droughts in the state’s history. Unusually destructive wildfires in subsequent years were also attributed by meteorologists to increased occurrences of atmospheric blocking.

Record high temperatures and unusual precipitation events such as these, as well as the more rare weather events such as nacreous clouds that form from methane concentrations and atmospheric blocking events in the jet stream are all becoming increasingly common as climate change progresses.

Click here to see the rarest types of weather on Earth.

Three Big Take-Aways from NRF 2020: Omnichannel Holidays, AI, and the Measured Store

Nikki Baird, Contributor https://www.forbes.com/sites/nikkibaird/ — Mon, 20 Jan 2020 15:00:00 -0500

It’s important to gauge retailers’ moods at NRF not least because it’s usually the first warning you have as to what holiday results are going to be like.

Tesla says no unintended acceleration in its vehicles

Mon, 20 Jan 2020 14:59:11 -0500

Tesla Inc said on Monday there is no unintended acceleration in its vehicles, responding to a petition to the National Highway Traffic Safety Administration to recall 500,000 of the electric company's cars over the alleged safety breach.

Tesla says no unintended acceleration in its vehicles

Mon, 20 Jan 2020 14:59:11 -0500

Do You Want New And Better Working Paradigms?

Carrie Lukas, Contributor https://www.forbes.com/sites/carrielukas/ — Mon, 20 Jan 2020 14:35:01 -0500

Will our economy continue to offer people new employment paradigms? That will be answered in part by upcoming policy battles and political debates. It won’t get the same media attention as the latest trading of political insults, but it will matter profoundly in determining what options we have.

Macron and Trump declare a truce on digital tax dispute

Mon, 20 Jan 2020 14:34:41 -0500

French President Emmanuel Macron said on Tuesday he had a "great discussion" with U.S. President Donald Trump over a digital tax planned by Paris and said the two countries would work together to avoid a rise in tariffs.

Brazil's Ambev sets ambitious target to end plastic pollution in packaging

Mon, 20 Jan 2020 14:25:56 -0500

Brazilian beverages company Ambev SA has set an ambitious target of eliminating plastic pollution in its packaging by 2025, in a push that an executive said on Monday has the potential to generate approximately 1 billion reais ($239.09 million) in business.

The World Trade Center Startup Accelerator That Will Not Let You Fall

Mon, 20 Jan 2020 14:24:45 -0500

Silvertech Ventures Is Committed To The Active Cultivation Of Entrepreneurs.

With Seton Hall And Rutgers On The Rise, Latest AP Poll Is Jersey Strong

Gary Phillips, Contributor https://www.forbes.com/sites/garyphillips/ — Mon, 20 Jan 2020 14:23:07 -0500

The latest Associated Press Top 25 men’s basketball poll is out, and it features a pair of teams of The Garden State variety.

Box Office: ‘Maleficent: Mistress of Evil’ Petering Out After Barely Cracking $70,000

Travis Bean, Contributor https://www.forbes.com/sites/travisbean/ — Mon, 20 Jan 2020 14:17:17 -0500

It seems as though the end is near for 'Maleficent: Mistress of Evil,' which only played in about 100 theaters this past weekend.

Google chief calls for AI regulation

Mon, 20 Jan 2020 14:04:52 -0500

Stiglitz on Facebook, tech week ahead, Clearview AI facial app

Nuts May Now Have Lower Calorie Counts, Almonds 23% Less, Here Is Why

Bruce Y. Lee, Contributor https://www.forbes.com/sites/brucelee/ — Mon, 20 Jan 2020 14:00:06 -0500

A new method may mean that the caloric counts of walnuts will go down by about 21% as well.

Reiss owner weighs options for fashion brand

Mon, 20 Jan 2020 13:54:53 -0500

Upmarket retailer controlled by Warburg Pincus has bucked high street downturn

Non-Alcoholic Mixer Seedlip Debuts Cocktail Book

Elva Ramirez, Contributor https://www.forbes.com/sites/elvaramirez/ — Mon, 20 Jan 2020 13:47:04 -0500

In the midst of Dry January, Seedlip has debuted its first cocktail book.

Private equity: index we trust

Mon, 20 Jan 2020 13:46:41 -0500

Supply and demand are as powerful in public capital markets as fundamentals

2020 Hindsight - Businesses Must Be Inclusive In Our Abundant World

Tom Davis, Forbes Staff https://www.forbes.com/sites/tdavis/ — Mon, 20 Jan 2020 13:46:27 -0500

Many Americans are celebrating MLK Day and inclusive capitalism is a work in progress.

Outside the Box: How unfair mortgage and housing practices affect you and your neighborhood — and what can be done about it

Mon, 20 Jan 2020 13:45:06 -0500

4 ways to help create a housing market that works for all Americans.

Outside the Box: Racial inequality persists in health care, but this insurance plan is narrowing the gap

Mon, 20 Jan 2020 13:44:08 -0500

Medicare Advantage provides quality care and support for patients.

Value stocks are making a comeback, and here’s how to get in early

Mon, 20 Jan 2020 13:39:02 -0500

4 ways to love underloved value stocks.

Holy Cow, Batman! Equity Valuations Are At Nosebleed Highs; What Now?

Mon, 20 Jan 2020 13:35:32 -0500

Although market valuations are at extremes by any measure, Fed policy and the deficits are likely to continue to provide markets the liquidity they need to stay lofty.

‘The Outsider’ Episode 3 Recap And Review: ‘Dark Uncle’

Erik Kain, Contributor https://www.forbes.com/sites/erikkain/ — Mon, 20 Jan 2020 13:27:10 -0500

The mystery deepens in the third episode of HBO’s Stephen King adaptation of The Outsider.

Are You Living In One Of The Most Car Theft-Prone Cities In The U.S.?

Jim Gorzelany, Contributor https://www.forbes.com/sites/jimgorzelany/ — Mon, 20 Jan 2020 13:27:01 -0500

The biggest cities don’t always have the most per-capita stolen vehicles.

Huawei CFO Meng arrives in Canada court for U.S. extradition trial kick off

Mon, 20 Jan 2020 13:26:03 -0500

Huawei Chief Financial Officer Meng Wanzhou arrived in a Vancouver courtroom on Monday for the start of a trial to decide whether she can be extradited to the United States, as China repeated its call for Canada to release her.

Huawei CFO Meng arrives in Canada court for U.S. extradition trial kick off

Mon, 20 Jan 2020 13:26:03 -0500

UK recruiters urge freelance tax rethink

Mon, 20 Jan 2020 13:21:43 -0500

Industry pleads for IR35 respite as experts say changes could bankrupt some agencies

Gupta attempts to increase transparency of family empire

Mon, 20 Jan 2020 13:20:26 -0500

Consolidation of aluminium businesses follows questions over opaque financing

Intu Seeks Cash Inject Of £1bn - Latest Retail Casualty

Cally Russell, Contributor https://www.forbes.com/sites/callyrussell/ — Mon, 20 Jan 2020 13:20:22 -0500

One of the UK’s largest operators of shopping centers, Intu, has asked its shareholders for fresh funding amid the continued decline of trading conditions for bricks and mortar retailers.

Huawei CFO Meng arrives in Canada court as U.S. extradition trial kicks off

Mon, 20 Jan 2020 13:07:37 -0500

Barring Huawei from Britain’s 5G is too costly to justify

Mon, 20 Jan 2020 13:03:23 -0500

Government should ban Chinese group from supplying network ‘core’

Caneel Bay: Why a Caribbean Paradise Remains in Ruins

Emily Palmer — Mon, 20 Jan 2020 13:03:05 -0500

Two years after back-to-back hurricanes struck St. John, the famed Caneel Bay Resort has not reopened. The storms’ lingering aftermath laid bare the eco-resort’s long-festering problems.

Box Office: ‘Dolittle’ Bombed Because Robert Downey Jr. Is Not A Movie Star

Mon, 20 Jan 2020 13:00:34 -0500

Like most modern "movie stars," Robert Downey Jr. isn't a draw outside of his marquee franchise.

The Secret To The Korean Comedy ‘Secret Zoo’ Is Who The Wild Things Really Are

Joan MacDonald, Contributor https://www.forbes.com/sites/joanmacdonald/ — Mon, 20 Jan 2020 12:56:48 -0500

'Secret Zoo' is a comedy about a zoo that does not actually have any wild animals and the zookeepers who must pretend to be zoo inhabitants.

China repeats call on Canada to release Huawei's Meng as extradition trial set to kick off

Mon, 20 Jan 2020 12:52:37 -0500

China on Monday repeated its call for Canada to release Huawei Chief Financial Officer Meng Wanzhou, ahead of her expected arrival in a Vancouver courtroom for the start of a trial to decide whether she can be extradited to the United States.

China repeats call on Canada to release Huawei's Meng as extradition trial set to kick off

Mon, 20 Jan 2020 12:52:37 -0500

Sundar Pichai calls for moratorium on facial recognition

Mon, 20 Jan 2020 12:43:10 -0500

Google chief says technology is ‘fraught with risks’ and urges assessment by regulators

Embraer studies turboprop to be developed through Boeing venture

Mon, 20 Jan 2020 12:37:33 -0500

Brazilian planemaker Embraer is in the advanced stages of studying the launch of a new turboprop aircraft to be developed through a venture it is planning with Boeing, subject to necessary approvals, a top executive said on Monday.

Putin publishes reforms that open way for indefinite rule

Mon, 20 Jan 2020 12:37:19 -0500

Speculation over leader’s future has convulsed Russia’s elite since 2018 election

Senator Rubio Says Phase One China Deal Is ‘Not A Win’

Kenneth Rapoza, Contributor https://www.forbes.com/sites/kenrapoza/ — Mon, 20 Jan 2020 12:30:00 -0500

It's no secret that Wall Street hated Trump's trade war. Especially the likes of Goldman Sachs.

Super Bowl 2020 Odds: Opening Betting Lines, Point Spread For San Francisco 49ers Vs. Kansas City Chiefs

Alex Kay, Contributor https://www.forbes.com/sites/alexkay/ — Mon, 20 Jan 2020 12:28:07 -0500

Very early action on Kansas City has forced shops to adjust that line an additional half-point in the AFC Champion’s favor, but one bookmaker believes that patient bettors may be waiting to pounce with San Francisco money, which could cause the NFC representative to wind up as chalk by the time t...

European stocks edge lower while oil climbs

Mon, 20 Jan 2020 12:20:16 -0500

Pound dips following UK chancellor’s hard Brexit remarks

Immigrants Today: Not Much Different From The Past

Milton Ezrati, Contributor https://www.forbes.com/sites/miltonezrati/ — Mon, 20 Jan 2020 12:12:50 -0500

Immigrants, wherever they came from and whenever they came, show remarkably similar patters of advancement.

Environment bonds: how green is my tally

Mon, 20 Jan 2020 12:08:06 -0500

Ecological dividends from green gilts have so far been hazy at best

Barcelona, Real Madrid, And Manchester United Named World Soccer’s Top 3 Sponsorship Platforms

Bobby McMahon, Contributor https://www.forbes.com/sites/bobbymcmahon/ — Mon, 20 Jan 2020 12:07:11 -0500

On the back of the Deloitte Football Money League a Sponsorship ranking has just been release with some surprising and not so surprising results.

NewsWatch: Some big coal players may escape BlackRock’s planned divestment

Mon, 20 Jan 2020 12:00:08 -0500

SARS Versus Protests: Cathay Pacific’s Different Responses To Hong Kong Travel Decline

Will Horton, Contributor https://www.forbes.com/sites/willhorton1/ — Mon, 20 Jan 2020 11:59:03 -0500

While civil unrest in Hong Kong is subsiding, Cathay Pacific continues to forecast weak travel demand, making for a long but gradual burn. This contrasts to the rapid decline, but also comparatively quick rebound, from when Cathay suffered through the SARS outbreak in 2003.

The Impeachment Trial Begins Tuesday: What You Need To Know

Isabel Togoh, Forbes Staff https://www.forbes.com/sites/isabeltogoh/ — Mon, 20 Jan 2020 11:58:08 -0500

Hearings will start on Tuesday for only the third impeachment trial in U.S. history.

Three Intriguing TED Talks That Relate To Wine

Tom Mullen, Contributor https://www.forbes.com/sites/tmullen/ — Mon, 20 Jan 2020 11:57:20 -0500

These three TED talks relate to wine, life, and thinking

Beales, Bournemouth And Business Rates, This Time It Is Personal

Andrew Busby, Contributor https://www.forbes.com/sites/andrewbusby/ — Mon, 20 Jan 2020 11:55:52 -0500

And while there are some retail businesses who simply don't deserve to be on our high streets and really should make way for those who can make a better job of it, Beales wasn't one of them.

London Markets: BAE Systems rallies after snapping up U.S. defense companies

Mon, 20 Jan 2020 11:53:12 -0500

Defense contractor BAE Systems was the best-performing U.K. large-cap company on Monday after announcing plans to buy two different companies that need to be divested for the merger between Raytheon and United Technologies to complete.

Box Office: The $170 Million Plunge For ‘Star Wars: Rise Of Skywalker’

Travis Bean, Contributor https://www.forbes.com/sites/travisbean/ — Mon, 20 Jan 2020 11:45:52 -0500

While the $170 million fifth-weekend drop for 'Star Wars: The Rise of Skywalker' might not seem like much, it's actually one of the biggest decline ever for the Star Wars franchise.

Meghan and Harry are starting a foundation, but they may be opening a Pandora’s box

Mon, 20 Jan 2020 11:38:38 -0500

The Sussexes say they want to forge their own financial path away from the royal family, and launch a ‘new charitable entity.’

‘Even two paychecks can only go so far.’ Skyrocketing child-care costs put aspiring home buyers in a bind

Mon, 20 Jan 2020 11:37:49 -0500

Families making under $1,500 a month shelled out nearly 40% of their income to child-care expenses, according to one estimate.

One industry replaced over half of its CEOs with women in 2019

Mon, 20 Jan 2020 11:37:08 -0500

Men replaced women in 131 cases in 2019, while women replaced men in 189 cases, according to a new study.

The Moneyist: ‘Perhaps a little pain would help.’ My ex-husband won’t leave our home and rents rooms on Airbnb — should I stop him?

Mon, 20 Jan 2020 11:36:53 -0500

‘Needless to say, he feels no urgency to settle and continues to find ways to prolong the process.’

China confirms human-to-human transmission of Sars-like virus

Mon, 20 Jan 2020 11:36:49 -0500

Authorities say 224 patients with the coronavirus have been identified

Spotify In Early Talks To Acquire Bill Simmons’ Ringer Network

Daniel Marcus, Contributor https://www.forbes.com/sites/danielmarcus/ — Mon, 20 Jan 2020 11:36:37 -0500

Over the weekend, The Wall Street Journal reported that Spotify, who as Forbes noted a couple weeks ago, was looking to break into the sports podcast game, is in early talks with Bill Simmons’ latest sports and pop culture project, The Ringer, about a potential acquisition.