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Daily News

Below please find daily updates pertaining to the latest in financial, business, and tax news:

Wall Street Journal

China Set to OK Qualcomm Purchase of NXP Semiconductors

Sat, May 26, 2018

Chinese authorities are set to approve Qualcomm’s planned $44 billion acquisition of NXP Semiconductors in the next few days, in what would be a significant step toward easing U.S.-China trade relations....

In Anti-Bias Training, Starbucks Enlists Hip-Hop Artist, Chairman

Sat, May 26, 2018

Starbucks is hoping that anti-bias training will help prevent fraught encounters like the one that led to the arrest of two black men at one of its cafes last month, but how effective it will be is an open question....

Fiat Chrysler Expected to Outline Future Without CEO Marchionne

Sat, May 26, 2018

A decade after Chrysler filed for bankruptcy, a nearly debt-free Fiat Chrysler Automobiles is preparing to unveil a growth plan for the next five years at a test track outside Milan. ...

Amazon's Bezos Pledges to Expand His Space Ventures

Sat, May 26, 2018

Amazon.com founder and CEO Jeff Bezos vowed to use his rocket startup to develop robotic rovers and perhaps human habitats on the moon’s surface, even if such projects fail to win financial support from the U.S. government. ...

Russia Gets New Sway Over Oil Prices

Fri, May 25, 2018

Russia and Saudi Arabia are hammering out the terms of a deal to jointly increase oil production—a move that sent prices sharply lower and that extends, at least for now, a crucial role for Moscow in influencing global prices. ...

Trump Team Seeks Truce With Congress Over ZTE

Fri, May 25, 2018

The Trump administration is scrambling on Capitol Hill to keep lawmakers from undermining talks with China by blocking a deal to roll back penalties on telecom giant ZTE....

Business Investment Rebounds in April

Fri, May 25, 2018

A proxy for business investment rose a solid rate last month, but overall durable goods orders fell in April due to a decline in aircraft demand....

Fed's Powell Says Central Banks Can't Take Independence for Granted

Fri, May 25, 2018

An erosion of public trust in institutions could threaten the independence of central banks and requires greater transparency from policy makers following the 2008 financial crisis, Fed Chairman Jerome Powell said....

Americans' Confidence in the Economy Stalls

Fri, May 25, 2018

U.S. households became less confident about the economy in May, continuing to ease from a 14-year high seen earlier this year....

Mike Meru Has $1 Million in Student Loans. How Did That Happen?

Sat, May 26, 2018

Due to escalating tuition and easy credit, the U.S. has 101 people who owe at least $1 million in federal student loans. Five years ago, 14 people owed that much. More could soon be joining the group....

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