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WASHINGTON - Labor markets remained tight across the United States as businesses struggled to find skilled workers and wages grew modestly, the Federal Reserve said on Wednesday in its latest report on the economy.
Shares of Samsung Electronics dropped more than 3 percent on Thursday after multiple accounts emerged of Galaxy Fold phones breaking ahead of the device’s retail launch.
April 18, 2019 FCC chief seeks to block China Mobile from operating in U.S.Source: Axios
Federal Communications Commission chairman Ajit Pai is recommending, per executive branch agencies, that the FCC deny China Mobile's application to provide telecommunications services in the U.S. due to concerns about national...
April 18, 2019 Is a recession coming in 2020? Here's what most CFOs thinkSource: Fox Business
An economic slowdown is coming, and soon – that’s according, at least, to a group of U.S. CFOs who think the nation will enter a recession by the third quarter of 2020.
Global fund managers are the gloomiest on growth in nearly three years, with 66% expecting below-trend growth and low inflation, according to a Bank of America Merrill Lynch survey.
Some of the top-selling car brands in the United States are Japanese — Toyota, Honda, and Nissan especially. But the reverse isn't true – General Motors, Ford, and Fiat Chrysler combined make up only .3% of the Japanese auto...
Apple and Qualcomm settled a two-year-old battle over patent licensing on Tuesday, a reconciliation that ended a trial that had started just a day earlier. The companies, which had been fighting in courts in China, Germany and...
April 17, 2019 J&J’s first-quarter earnings drop 14% as legal costs soarSource: CNBC
Johnson & Johnson’s mounting legal costs ate into its first-quarter profits, which dropped 14% as it fights thousands of lawsuits over its talc baby powder and shelled out almost $400 million to settle 25,000 cases over its...
April 17, 2019 Goldman Sachs Cuts Employee Pay By 20% To Avoid Profit LossSource: IB Times
The world’s largest investment bank reduced employee compensation and benefits by 20 percent to $3.26 billion, outstripping the decline in companywide revenue. The reduction in pay and benefits comes to $90,780 for each of the...
April 17, 2019 Electric cars are finally starting to take off. Congress should keep them affordable.Source: The Washington Post
Jack Gillis is the executive director of the Consumer Federation of America and author of “The Car Book.” They cost less to drive, accelerate quickly and pollute far less than their traditional counterparts. Electric...
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