NEW YORK (Reuters) – Investors may be stumped by some of the finances WeWork owner We Company unveiled this week in its filing to go public, in particular a $486 million gain on a convertible note that made losses at the coworking firm appear a lot smaller.
The tweet came before 6 a.m., as President Trump’s tweets often do. It was early March, and the Trump administration had just announced steep tariffs on imported steel and aluminum. That did not make China or America’s European allies happy. Last week, after the U.S. imposed tariffs on $60 billion worth of Chinese goods, it was reported that China would respond with their own tariffs on $3 billion of U.S. goods.
Gross domestic product (GDP) growth in the second quarter beat the 4.8% rise forecast in a Reuters poll, and was quicker than the 4.5% annual pace in the first three months of 2019.
WVTM P.O. Box 10502 Birmingham, AL 35209 www.nbc13.com WAFF P.O. Box 2116 Huntsville, AL 35801…
(Reuters) – Sentiment towards most Asian currencies worsened in the past two weeks, a Reuters poll showed, as a bitter tariff war between the world’s two biggest economies sent investors scurrying to safer assets, raised doubts about growth and rang recession alarms.
Presidential hopeful Andrew Yang is famous for his plan to implement a universal basic income to help Americans who lose their jobs to robots. And that isn’t the only place tech innovation takes center stage in his platform. He also advocates that your online data be treated as personal property that you can choose (or not) to sell to companies like Facebook. In a Yang presidency, election results would be verified through blockchain (an encryption system best known for shoring up cryptocurrencies like Bitcoin), quantum computing research would be better funded, and a Legion of Builders and Destroyers would have the power to overrule local zoning and land-use decisions for the greater infrastructure good. He is definitely the only presidential candidate talking seriously about fighting climate change with giant space mirrors.
Federal Reserve Chairman Jerome Powell will probably cut interest rates again next month as insurance against a global slowdown, even with data rolling in that support his forecast for solid U.S. growth and higher inflation.