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News & Updates

April 26, 2019 The new World Bank head wants some changes. That could backfire.

Source: The Washington Post

Reports published by the Brookings Institution and the Council on Foreign Relations have advised the bank to focus on countries most in need (e.g., poor and war-torn countries). The bank, some critics argue, continues to try to...

April 25, 2019 McDonald’s is teaming up with AARP to hire older workers

Source: cnbc

The partnership will mean that all U.S. job postings from the fast-food giant will be featured on AARP’s job board. With the AARP Foundation, McDonald’s U.S. division is also piloting a program in five states to match McDonald’s...

April 25, 2019 Ford Is Pouring $500 Million into Rivian

Source: Jalopnik

U.S. electric pickup truck startup Rivian Automotive LLC said on Wednesday that Ford Motor Co invested $500 million in the company, which is seen as one of the major rivals to Tesla Inc.?

April 25, 2019 Exclusive: Gold worth billions smuggled out of Africa

Source: Reuters

Customs data shows that the UAE imported $15.1 billion worth of gold from Africa in 2016, more than any other country and up from $1.3 billion in 2006. The total weight was 446 tonnes, in varying degrees of purity – up from 67...

April 25, 2019 American millennials have less money than other generations did at their age — but studies show an alarming amount of them have delusional ideas about their wealth

Source: Greenwich Time

Many American millennials think they'll be millionaires by middle age and have a generally positive view about their finances, according to several studies.

April 25, 2019 Tesla lost $702 million last quarter, snapping its profit streak

Source: CNN

Tesla's profit streak is over. Big time. The electric car company said Wednesday that it lost $702 million last quarter. Its revenue was also down 37% compared to the prior quarter.

April 25, 2019 JP Morgan lays out a blueprint for how this record run in the stock market will keep going

Source: cnbc

A global growth recovery, end of trade disputes and another banner year for buybacks should send the S&P 500 to 3,000 this year, according to J.P. Morgan equity strategists.

April 25, 2019 Abigail Disney's Criticism Of CEO Bob Iger's Pay Raises Difficult Questions

Source: Forbes

It seems that every day the internet is consumed with a social cause that creates an uproar. Over the last couple of days, Twitter and other social media sites were lit up by a tweet and subsequent op-ed written by Abigal Disney,...

April 24, 2019 U.S. Wheat applauds WTO ruling against China

Source: Capital Press

A World Trade Organization dispute settlement panel has found that China administered its tariff-rate quotas for wheat, corn and rice inconsistently with its WTO commitments. As a result, the nation imported billions of dollars...

April 24, 2019 Barclays shareholders urged to vote against executive pay over 'inadequate' response to whistleblowing scandal

Source: CityAM

Shareholder advisory group ISS criticised the measures taken by the bank following Staley’s attempts to unmask a whistleblower in 2016 and advised shareholders to vote down the remuneration report at the bank’s AGM on 2 May.

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