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IDB bank calls off annual meeting next week in China

WASHINGTON (AP) — The Inter-American Development Bank is calling off its general assembly next week in China. The IDB did not say in its press release the reason for canceling the meeting, planned March 28-31 in Chengdu. However, Vice President Mike Pence wrote Friday in The Miami Herald that China refused to grant an official […]
Tags: Business, Nation


How major US stock indexes fared Friday

Stocks closed broadly lower on Wall Street Friday, erasing the market’s gains for the week, as investors became increasingly worried that the global economy is slowing down. Traders shifted money into bonds, driving yields sharply lower, which hurt bank stocks and flashed a possible recession warning. Small-company stocks fell more than the rest of the […]
Tags: Business, Nation


Digital scrapbooking site Pinterest files for IPO

SAN FRANCISCO (AP) — Digital scrapbooking site Pinterest on Friday filed for an initial public offering of stock. It follows a similar filing with securities regulators earlier this month by ride-hailing company Lyft in what is shaping up to be a busy season for technology IPOs. Also expected to sell stock to the public in […]
Tags: Business, Nation, Technology


Navajo Nation company ends bid to buy power plant, mine

ALBUQUERQUE, N.M. (AP) — One of the largest coal-fired power plants in the West will close this year as planned after a Navajo Nation company ended its long-shot bid Friday to acquire it. The Navajo Generating Station has operated for decades in northeastern Arizona near the Utah border, providing a hefty chunk of revenue to […]
Tags: Business


Breach at Texas tank farm causes chemical spill

HOUSTON (AP) — Potentially hazardous chemicals spilled Friday at a Houston-area petrochemical tank farm where a dayslong fire damaged several tanks, the company that operates the farm said. The breach occurred before 12:30 p.m. in a containment dike near a damaged tank that crews were trying to drain of flammable product that includes benzene, said […]
Tags: Business


Apple’s big week of tiny product upgrades: Here’s what is worth your money — and not

Apple quietly introduced new AirPods, iPads and iMacs this week. Here's a rundown on what's good — and what's still missing — from each of this week's updates.
Tags: Business, Technology


Trump slams European automakers, threatens US tariffs

WASHINGTON (AP) — President Donald Trump criticized European auto makers Friday, suggesting he could impose tariffs on imports from companies such as BMW and Mercedes unless they build more plants in the United States. In an interview on Fox Business Network’s Mornings with Maria, Trump said that he has rejected proposals from the European Union […]
Tags: Business, Nation


Don’t skimp on your Wi-Fi router or extender

Patrick Marshall answers your personal technology questions each week.
Tags: Business, Technology


GOP Sen. Enzi proposes modest deficit curbs in new budget

WASHINGTON (AP) — A senior Senate Republican has unveiled a five-year budget plan that would modestly curb budget deficits that would otherwise soon breach $1 trillion, while rejecting President Donald Trump’s gimmick of using war funding to sustain big increases for the Pentagon. Budget Committee Chairman Mike Enzi says the nonbinding blueprint is a “responsible […]
Tags: Business


China to give $989 million to build new highway in Sri Lanka

COLOMBO, Sri Lanka (AP) — China has agreed to provide a loan of $989 million to Sri Lanka to build an expressway that will connect the island nation’s tea-growing central region to a China-run seaport on the southern coast. A finance ministry statement said Friday that the Export-Import Bank of China has agreed to provide […]
Tags: Business, Nation, Nation & World


Macron: French soldiers won’t be in charge of public order

PARIS (AP) — French President Emmanuel Macron has addressed concerns about soldiers being deployed during yellow vest protests this weekend, saying they won’t be in charge of maintaining public order. Speaking Friday in Brussels, Macron said soldiers will protect sensitive sites. He says “those trying to scare people, or to scare themselves, are wrong.” Paris […]
Tags: Business, Nation


Treasury grants further relief on IRS withholding penalties

WASHINGTON (AP) — The Treasury Department is expanding again the relief it grants taxpayers who had too little in income taxes withheld from their paychecks in the first year of a sweeping tax overhaul. Treasury says that taxpayers will be able to avoid penalties for paying too little in taxes as long as they paid […]
Tags: Business, Nation


Trump to nominate Stephen Moore for Federal Reserve board

WASHINGTON (AP) — President Donald Trump said Friday that he will nominate Stephen Moore, a conservative economic analyst, to fill a vacancy on the Federal Reserve’s seven-member board. Moore served as an economic adviser to Trump during the 2016 presidential campaign, helping to draft Trump’s tax cut plan. The president has been harshly critical of […]
Tags: Business, Nation


Trump to nominated Moore for Federal Reserve board

WASHINGTON (AP) — President Donald Trump says he will nominate Stephen Moore, a prominent conservative economist, to fill a vacancy on the Federal Reserve’s seven-member board. Moore served as an economic adviser to Donald Trump during the 2016 presidential campaign, helping to draft Trump’s tax cut plan. There are currently two vacancies on the Fed […]
Tags: Business, Nation


Baby eel fishermen hope for year free of poaching, shutdowns

PORTLAND, Maine (AP) — Maine fishermen began several weeks of taking to rivers and streams to fish for baby eels Friday, which marked the start of a high-stakes season harvesters hope isn’t interrupted by poaching concerns as it was a year ago. Fishermen in Maine use nets to harvest baby eels, called elvers, to feed […]
Tags: Business, Nation


Musk promises to let Michigan students tour rocket factory

FLINT, Mich. (AP) — Tech billionaire Elon Musk surprised students by showing up at a school assembly in Flint, Michigan, and promising to take some of them for a tour of his Space X rocket factory in California. Musk and Flint Community Schools Superintendent Derrick Lopez also told the crowd of sixth- and seventh-graders Friday […]
Tags: Business, Nation


US stocks move broadly lower, led by industrial companies

NEW YORK (AP) — U.S. stocks moved broadly lower in early trading on Wall Street Friday, dragged down by banks and industrial companies. Citigroup led a decline in banks with a 3.8 percent loss as bond yields continue to drop, threatening the profitability of financial companies that make money from lending. Boeing gave up 1.8 […]
Tags: Business, Nation


Hilton's used soap will be recycled into new bars

The hotel company plans to recycle old soap into 1 million new bars for Global Handwashing Day.
Tags: Business


Papa John’s scores Shaq to help revive its image

NEW YORK (AP) — Papa John’s has a new pitchman: Shaquille O’Neal. The chain says basketball Hall of Famer will appear on TV commercials and promoted Papa John’s in other ways. He will also join the company’s board of directors and invest in nine of its restaurants in the Atlanta area. Papa John’s is trying […]
Tags: Business, Entertainment, Nation


Curve concern: Warning signal on recession just got brighter

NEW YORK (AP) — One of the most closely watched predictors for recession just yelped even louder. The signal lies within the bond market, where investors show how confident they are about the economy by how much interest they’re demanding from U.S. government bonds. It’s called the “yield curve,” and a significant part of it […]
Tags: Business


After fatal crash, Boeing reverses sales policy that locked out some safety features unless airlines paid for an upgrade

The Boeing 737 Max is out of service around the world, following a fatal crash of an Ethiopian Airlines and an Indonesian Lion Air flight and there is intense investigation and speculation as to the cause of the crash. Some suggest that pilots in poorer countries may have been inadequately trained to fly the new aircraft, but there also been a string of accusations that a key safety feature was not enabled on the plane that crashed, because Boeing had disabled it and sold access to it separ...
Tags: Post, 737 Max, Aviation, Business, Deathliner, Regulatory Capture, Safety


After fatal crash, Boeing reverses sales policy that made locked out some safety features unless airlines paid for an upgrade

The Boeing 737 Max is out of service around the world, following a fatal crash of an Ethiopian Airlines and an Indonesian Lion Air flight and there is intense investigation and speculation as to the cause of the crash. Some suggest that pilots in poorer countries may have been inadequately trained to fly the new aircraft, but there also been a string of accusations that a key safety feature was not enabled on the plane that crashed, because Boeing had disabled it and sold access to it separ...
Tags: Post, 737 Max, Aviation, Business, Deathliner, Regulatory Capture, Safety


Ukrainian presidential candidate meets Russian PM in Moscow

MOSCOW (AP) — A Ukrainian presidential candidate has traveled to Moscow to meet with the Russian prime minister to discuss gas supplies. Yuri Boyko, a rare openly pro-Russian candidate, trails far behind a comedian, a former premier and the incumbent president in opinion polls ahead of Ukraine’s presidential election on March 31. Boyko spoke with […]
Tags: Business


US existing-home sales jumped 11.8 percent in February

WASHINGTON (AP) — U.S. home sales soared 11.8 percent in February, aided by accelerating wages and falling mortgage rates that are improving affordability. The National Association of Realtors said Friday that existing homes sold at a seasonally adjusted annual rate of 5.51 million last month, a decisively sharp rebound from a pace of 4.94 million […]
Tags: Business


GM announces jobs, electric vehicle after Trump criticism

ORION TOWNSHIP, Mich. (AP) — Less than a week after a series of critical tweets from the president over an Ohio plant closure, General Motors is announcing plans to add 400 jobs and build a new electric vehicle at a factory north of Detroit. The company says it will spend $300 million at its plant […]
Tags: Business, Nation


Tiffany posts mixed results in fourth quarter

NEW YORK (AP) — Tiffany & Co. on Friday posted mixed results for the holiday season, with profit meeting estimates but revenue falling short. Shares of the company slipped 4 percent in premarket trading. The company reported fiscal fourth-quarter net income of $204.5 million. On a per-share basis, the New York-based company said it had […]
Tags: Business


Florida Man Googles self to find out which Florida Man he is

ORLANDO, Fla. (AP) — It turns out there’s a “Florida Man” in all of us. A new social media challenge is allowing people to look up what version of “Florida Man” they are based on their birthdays. “Florida Man” has become shorthand for a unique brand of idiocy mined from the Sunshine State’s never-ending news […]
Tags: Business, Nation, Technology


Grandson of legendary John Deere engineer defends right-to-repair and condemns Big Ag for "taxing customers"

Willie Cade's grandfather Theo Cade was one of John Deere's most storied engineers, with 158 patents to his name; he invented the manure spreader and traveled the country investigating stories of how farmers were using, fixing, modifying and upgrading their equipment; today, Willie Cade is the founder of the Electronics Reuse Conference, having spent a quarter-century repairing electronics, diverting e-waste from landfills and rehabilitating it for use by low-income schools and individuals. ...
Tags: Post, Business, Corruption, Even If You Pay For The Product You're The Product, John Deere, Law, Monopolism, Right To Repair


Spain seeks to bring back people who left during crisis

MADRID (AP) — Spain is trying to lure back thousands of Spaniards who went abroad to find work when the country’s economy went into a downturn. The Cabinet approved measures Friday it said are aimed at bringing back up to 23,000 people who left after 2009. Spain was in recession between 2011 and 2013. The […]
Tags: Business, Nation


Why DNA Tests Are Such Big Business

The DNA testing market is one of the most surprising business successes of modern times, and as of November 2018, over 15 million people had completed a DNA test since… Read more » The post Why DNA Tests Are Such Big Business appeared first on Noobpreneur.com.
Tags: News, Opportunities, Business Trends, DNA testing, Niche Business



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