CNBC's John Harwood reports that the Trump White House kicks off "Made in America" week, White House Press Secretary Sean Spicer justifies the Trump family's personally branded products that are not manufactured here.
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Doug Kass shares his views every day on RealMoneyPro. Click here for a real-time look at his insights and musings. Shooting a Hole in the Core Bullish Argument of Growth At the core of market concerns is the diminished outlook for economic and corporate profit growth. On the later point (profits), the bullish meme remains that earnings-per-share (EPS) growth is healthy and will be like a "hockey stick" in the out quarters. We hear this every day on Bloomberg, CNBC and Fox Business Network. The problem is that the statement is simply inaccurate, at least over the next quarter and maybe further out. First-quarter EPS (ex-energy) grew by 10% and according to Goldman Sachs will decelerate to only
House Republicans on Tuesday unveiled a budget that proposes trillions of dollars in cuts to the social safety net and other domestic programs while sharply boosting military spending, a blueprint that elicited criticism from conservatives and moderates. The GOP plan, authored by Budget Chairman Diane Black, R-Tenn., is critical to GOP hopes to deliver on one of President Donald Trump's top priorities — a Republican-only effort to overhaul the tax code. Unclear, however, is whether GOP leaders can get the budget measure through the House.
Lidl is firing back at Kroger and denying any wrongdoing after Kroger accused the German-based supermarket of trademark infringement in a recent lawsuit. "Kroger has offered a striking absence of evidence in support of its claims," Lidl said in court papers filed in a Virginia US District Court on Friday.
After leaving a trail of panicked brides in the wake of its bankruptcy filing, bridal store Alfred Angelo has finally spoken out. The company also called for customers wondering about the status of their orders to contact the company’s bankruptcy trustee, Margaret Smith at email@example.com. In the company’s bankruptcy filing, it revealed that it had no more than $50,000 in assets, but over $50 million in debt, according to the New York Times.
It seems young people get blamed for everything these days. Millennials have been accused of killing marriage, home ownership, chain restaurants, diamonds, department stores, face-to-face interaction and pretty much every long, boring sporting event imaginable. They’re also being accused of killing their own net worth. Here’s a recent survey from Bankrate.com: “In particular, younger millennials (ages 18 to 26) are falling victim to vices that may feel good in the moment, but are far from worth it in the long run: • 54% of people in our age group eat out at least three times per week. • 30% of millennials say we buy coffee at least three times a week. • 51% typically go to a bar at least once
To help celebrate World Emoji Day, Apple is showing off some of the new emoji that will launch alongside iOS 11. In celebration, Apple posted a handful of the new emoji coming to iOS 11, macOS, and watchOS when they're available this fall.
The text message came as Flavia Cabral walked to a McDonald's restaurant in Manhattan for her 6 p.m. shift on a May evening. "Every week you're guessing how much money you're going to get and how many days you're going to work," said Cabral, 53, who has been employed at McDonald's for four years.But a measure of relief is coming for Cabral and 65,000 other New York City fast-food workers whose schedules and incomes often change with little or no notice. New York recently became the largest U.S. city to require fast-food restaurants to schedule workers at least two weeks in advance, or pay them extra for changes.
By Alan Baldwin LONDON (Reuters) - Keeping Valtteri Bottas at Mercedes next season looks an obvious decision but the Formula One champions need to consider their long term options, team boss Toto Wolff said after the Finn shone in Sunday's British Grand Prix. "That's why after Budapest, hopefully a good race again, I'm going to contemplate on a beach about what's right and wrong for the team." Triple world champion Lewis Hamilton won Sunday's race, a record-equaling fifth victory in Britain and his fourth in a row at Silverstone, to slash Sebastian Vettel's championship lead to a single point. Bottas has proved an ideal replacement for retired 2016 world champion Nico Rosberg since he joined in January on a one-year deal and Hamilton, out of contract at the end of 2018, has emphasized how well they get on.
It has been a large, broad-based drop across all the cryptocurrencies as we believe that the market is undergoing an important stage in its maturing process. Every market goes through such a process for a variety of reasons and it is the same in this
Although Starbucks faced a lawsuit for underfilling its lattes, this barista assures us that is not a company-endorsed policy for saving money. You don't even have to be a morning person to enjoy working at Starbucks. "Making coffee is soothing, especially at 4 a.m. when all you want to do is stick your nose in the grounds and wake up." You also get to drink unlimited drinks - for free! This woman loved her Starbucks job and highly recommends working there: "I loved it very much.
Disney is shaking up things at Epcot center with new rides based on ‘Ratatouille’ and ‘Guardians of the Galaxy!’ Yahoo Finance’s Alexis Christoforous, Myles Udland, and Melody Hahm take Disney’s new options for a ride.
Out today are releases from a number of companies, with Bank of America Corp (NYSE:BAC) at the fore. Also making headlines are Advanced Micro Devices, Inc. (NASDAQ:AMD), which is sliding hard early Tuesday, and Netflix, Inc. (NASDAQ:NFLX), whose shareholders are doing cartwheels after a strong Q2 report. Unlike last week, however, Bank of America’s slide comes on its own merits.
Oil prices were about 1 percent lower on Monday as investors continued to await strong indications that an OPEC-led effort to drain a glut was proving effective but output increases in some top producers eased, keeping losses in check. Libya's national oil production stood at 1.03 million barrels per day (bpd), little changed from its level since the end of last month, an oil industry official said.
Well, you're in luck: The technology company Salesforce is currently seeking 150 work-from-home employees. If you've received a degree or have job experience in the in the marketing, programming, management or engineering fields, your new gig at Salesforce reportedly includes some pretty out-of-this-world benefit plans - beyond the traditional package (with financial planning and medical coverage), employees are eligible for adoption, surrogacy, fertility and education-reimbursement plans. Did we mention their paid parental leave (26 weeks of it!) and gradual return to work programs, too?
Chief Executive Officer Brian Moynihan spoke glowingly of a broad turnaround in the consumer business that began in 2009, calling its $2 billion in quarterly profit a "milestone" on a call with analysts on Tuesday. The business recently has been benefiting from the cost cuts as well as improved technology, growth in deposits and a focus on higher-quality borrowers, Moynihan said. In the second quarter, the division managed to increase deposits at a lower cost and use those cheaper funds to fuel loan growth, helping it to record a higher profit than any other unit.
Macau casino stocks Melco Resorts & Entertainment Ltd (ADR) (NASDAQ: MLCO), Wynn Resorts, Limited (NASDAQ: WYNN), Las Vegas Sands Corp. (NYSE: LVS) and MGM Resorts International (NYSE: MGM) have been on fire in 2017, but recent reports over junket liquidity
After already suffering the indignity of trading below its offering price every day since its initial public offering 2 1/2 weeks ago, the meal-kit retailer now faces a new hurdle — and surprise, surprise, Amazon is once again the culprit. The Jeff Bezos-led juggernaut filed a trademark application on July 6 for "prepared food kits," as reported by TheStreet.com's Laura Berman early Monday morning. Blue Apron's stock sank 11% to $6.57 as of 9:53 a.m. ET.
One outstanding area to pick may be the top energy master limited partnerships. In a new research report from Deutsche Bank, the company thinks the second quarter may end up being the trough for the sector, and capital expenditure restraints put in as oil plunged through the last half of 2015 are surely helping now. All are rated Buy at Deutsche Bank.