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  • State of the Labor Market Summit 2017

    Hosted by the ADP Research Institute, the summit brings together leading economists for a discussion on the U.S. labor market.

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  • The $180 million conflict that kept Scaramucci out of the White House in January has only gotten shadier
    Politics
    Business Insider21 hours ago

    The $180 million conflict that kept Scaramucci out of the White House in January has only gotten shadier

    Anthony Scaramucci is selling his fund of funds business to a Chinese conglomerate with ties to the government. The firm, the HNA Group, is facing an increasing number of questions at home and abroad, and the deal is subject to review by the US Treasury. The sale reportedly kept Scaramucci out of the White House in January because of the conflicts it raises.

  • GM to Consider Axing Six Models to Combat Slumping Sales, Avoid Plant Layoffs
    Business
    The Street2 hours ago

    GM to Consider Axing Six Models to Combat Slumping Sales, Avoid Plant Layoffs

    United Auto Workers President Dennis Williams said the union is working with General Motors (GM) to avoid layoffs as U.S. auto sales slump, AutoBlog reported. GM is considering producing more trucks and SUVs while killing off six slow-selling models produced at underused car plants such as Hamtramck in Michigan and Lordstown in Ohio. It's unclear if the plants will start producing newer, more popular models. GM has cut shifts at several of its U.S. plants as inventories of small and midsized cars grow. If GM stopped producing the six models under consideration, it wouldn't happen until 2020. The models at risk are the Chevrolet Volt, Buick LaCrosse, Cadillac CT6, Cadillac XTS, Chevrolet Impala

  • Starbucks Has a Disturbing Problem: Even Its Cheerleaders Must Admit This Is a Major Issue
    Business
    The Street2 hours ago

    Starbucks Has a Disturbing Problem: Even Its Cheerleaders Must Admit This Is a Major Issue

    If you listen to Starbucks (SBUX) execs, then everything at the coffee giant is amazing.  Do some work in Microsoft (MSFT) Excel (as the analysts at Credit Suisse did below on Wednesday), and a glaring issue comes to light. That is, for all its digital leadership and ability to crank out new, more expensive drinks, Starbucks sales are on a long-term downtrend. Seeing as employee hourly wages and benefit costs are on the rise, as are costs to open new locations, a stubborn downtrend in sales is very unwelcome. It's especially unwelcome as most on Wall Street remain obsessed with Starbucks' growth prospects -- they could be in for some unfortunate surprises on the bottom line over the next year