Trump Demands Fed Drop Rates To Zero. That Would Save Him $8 Million A Year.

WASHINGTON ― President Donald Trump on Wednesday again attacked the Federal Reserve Board and demanded members drop interest rates “to ZERO, or less” ― a move that would benefit him personally by some $8 million a year. Trump has approximately $340 million in variable-rate loans from Deutsche Bank financing several of his properties, with the amount of interest he must […]

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An inside look at how research firm Morningstar is racing machine learning-powered model cars to help solve complex data problems

Research firm Morningstar is using Amazon Web Service’s DeepRacer, a machine learning-powered model race car, as a training tool. That comes as Wall Street firms have been talking more about the public cloud and artificial intelligence. James Rhodes, Morningstar’s chief technology officer, told Business Insider that by using the cars, employees have in turn developed new ways to help analysts […]

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CBS and Viacom Reunite in Deal That Marks Ascendance of Shari Redstone

After more than a decade apart, CBS and Viacom agreed to merge on Tuesday in a deal that will reunite a roster of once-mighty media businesses. Viacom’s Paramount film studios and MTV and Nickelodeon cable networks will be added to the broadcast giant CBS and book publisher Simon & Schuster. Viacom’s chief executive, Robert M. Bakish, will lead the combined […]

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ECB's Draghi cites 'substantial' concerns about Facebook's Libra plans

In a press conference Thursday in Frankfurt, Draghi named a laundry list of concerns related to Facebook's plans for the Libra digital currency. Draghi is the latest central banker to weigh in on Libra. "They better first address the concerns," Draghi said. European Central Bank President Mario Draghi has added his voice to a chorus of policymakers concerned about Facebook's […]

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Crane Gets Two-Thirds of Circor Shares But Offer Still Failed

In this article About two-thirds of Circor International Inc. shares were elected to be tendered to Crane Co. before the $48 a share offer expired late Friday, people familiar with the matter said, the latest twist in Crane’s hostile pursuit of its rival industrial company. Even though a majority of Circor shareholders tendered their shares, the offer failed because it […]

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What to watch in markets for the week ahead: After G-20, focus shifts to jobs report

After the G-20's trade headlines are out of the way, investor focus will shift to what could be the biggest news of holiday-shortened week ahead — Friday's June employment report. The report could be an important litmus reading on when and how much the Fed could move on interest rate cuts, particularly after last month's disappointing report showed a steep […]

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Texas Gov. Abbott signs law making 21 legal age to buy tobacco products

Dangers from cigarettes cause a mainstream shift in smoking culture Nicotine is one of the top five most addictive substances; Kristin Fisher reports. Texas will become the 15th state in the nation to prohibit the sale of cigarettes, e-cigarettes and other tobacco products to anyone younger than 21 years of age. Texas Gov. Greg Abbott signed a bill on Friday making […]

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'Big Bang Theory' made Kaley Cuoco one of the world's highest-paid actresses: How much she's worth

Cameo helping celebrities connect with fans Cameo CEO Steven Galanis on how the company allows celebrities to create personalized videos for fans. If you think the "Game of Thrones" cast make a lot of money — just wait until you see how much "The Big Bang Theory" stars take home, specifically lead lady Kaley Cuoco. Continue Reading Below The CBS […]

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The Trouble With Multilevel Marketing Schemes

Multilevel marketing is better known by the companies and products and uncomfortable/ annoying pitches associated with it — think Herbalife (NYSE: HLF) and Tupperware (NYSE: TUP), among other things. Are they a scam? Does anyone actually make money selling supplements and tchotchkes to their family, friends, friends of friends of friends, etc.? On this week's episode of Industry Focus: Consumer […]

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