The Trump administration is trying to trick people into thinking it's cracking down on Wall Street
Mike Segar/Reuters Treasury Secretary Steven Mnuchin sat in front of the Senate banking committee on Thursday and attempted to explain the Trump administration's position on various economic policies, including the regulation of large banks. Mnuchin continually said the administration supported a "21st-century Glass-Steagall" — except for the Depression-era law's defining aspect. "We do think there are potential things we could look at around regulation, but we ..>> view originalFord to add 800 jobs in Michigan to build transmissions
Brent Snavely, Detroit Free Press Published 11:42 a.m. ET May 19, 2017 | Updated 1 hour agoFord's Dearborn, Mich., headquarters.(Photo: Ford Motor Company)DETROIT—Ford said Friday that would invest $350 million in its Livonia, Mich., plant and add 800 jobs there to expand its lineup of transmissions.The automaker said the investment will support the production of a new transmission for front-wheel-drive vehicles.Ford said it expects to begin adding jobs at the end of th..>> view originalDunkin' Donuts is giving away samples of its new drink that's replacing the Coffee Coolatta
Dunkin' Donuts Dunkin' Donuts is giving away samples of its new summer drink on Friday. Earlier in May, the coffee-and-donut chain launched Frozen Coffee, a blended beverage replacing the chain's cult favorite Coffee Coolatta. To drum up excitement for the drink, Dunkin' Donuts will offer samples of the beverage on Friday, May 19, from 10 a.m. to 2 p.m., while supplies last. Dunkin' Donuts swapped the Coffee Coolatta for the Frozen Coffee because the Coolatta wasn't up to the chain's stan..>> view originalAlibaba (BABA) Misses Q4 Earnings Estimate, Beats Revenue
Alibaba Group Holding Limited BABA reported fourth-quarter fiscal 2017 (ended Mar 31, 2017) earnings of 39 cents per share, missing the Zacks Consensus Estimate of 47 cents. The adjusted figure excludes one-time items but includes stock-based compensation expense. The earnings were impacted by a higher tax bill. Also, increasing costs associated with new businesses initiatives, rising logistics and order-fulfillment costs weighed on the results. Despite weaker-than-expected earnings, Alibaba..>> view originalGreen Machine Is Back, Deere Posts a Big 1Q and Ups Outlook
After a couple of down months, economists said this week that they expect the U.S. housing market to take off. The agricultural equipment manufacturer reported second-quarter net income of $802.4 million, compared with $495.4 million for the same period last year.On a per-share basis, the Moline, Illinois, company posted net income of $2.49, easily surpassing the $1.56 per share for last year's second quarter and beating Wall Street expectations. Wall Street expected per-share earnings of $1.70..>> view originalHouse mulls 'alternatives' to border adjustment — Ryan
Elon Musk's Production Plan For New Tesla: Too Fast, Too Furious?
By now you'd think Elon Musk would be used to close calls, having snatched a number of notable enterprises from the jaws of defeat and ushered them to stunning success. Now, however, Musk could be facing his greatest challenge. Having staked a reputation as a rock star of the business world, the question is whether he can transport his Tesla (TSLA) car company from a boutique builder of head-turning luxury electric vehicles into a mainstream automaker capable of bringing the company's upcoming ..>> view originalFoot Locker Plunges After Blaming Tax-Refund Lag for Slowdown
Foot Locker Plunges After Blaming Tax-Refund Lag for Slowdown by May 19, 2017, 7:58 AM EDT May 19, 2017, 10:43 AM EDT Foot Locker Inc. suffered its worst stock decline in more than eight years after first-quarter results missed analysts’ estimates, an outcome the retailer blamed in part on slow income-tax refunds.The shares tumbled as much as 17 percent to $58.13, the biggest intraday plunge since the financial crisis was underway in November 2008. Foot Locker was Friday’s biggest de..>> view originalKelly Services, Investar Holding, Walmart, Target and Amazon.com highlighted as Zacks Bull and Bear of the Day
For Immediate Release Chicago, IL - May 19, 2017 - Zacks Equity Research Kelly Services (NASDAQ: KELYA - Free Report ) as the Bull of the Day, Investar Holding Corporation (NASDAQ: ISTR - Free Report ) as the Bear of the Day. In addition, Zacks Equity Research provides analysis on Walmart (NYSE: WMT - Free Report ), Target (NYSE: TGT - Free Report ) and Amazon.com (NASDAQ: AMZN - Free Report ). Here is a synopsis of all five stocks: Bull of the Day : Good news eve..>> view originalJenner Recruits Three FCC Lawyers, Readies for Transactions
Jenner & Block announced Thursday it has recruited three lawyers from the Federal Communications Commission, including Howard Symons, who departed as the agency’s general counsel in January. Symons, who also served as Vice Chair of the FCC’s Incentive Auction Task Force, started at Jenner on May 1st as a partner in the firm’s Washington, D.C. office and will soon be joined by Johanna R. Thomas, who recently departed as the Legal Advisor to FCC Commissioner Jessica Rosenworcel, and Roger Sherman..>> view original
Thursday, June 15, 2017
The Trump administration is trying to trick people into thinking it's cracking down on Wall Street and other top stories.
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