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- Bloomberg
Central Banks Can’t Save the World Economy: Jackson Hole Update
(Bloomberg) -- Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here. Central bankers debated for a second day at the Kansas City Federal Reserve’s annual policy retreat in Jackson Hole, Wyoming.Their discussion about the challenges facing monetary policy takes
- Bloomberg
Yale Endowment's Second-in-Command Takahashi to Step Down
(Bloomberg) -- Dean Takahashi, who served as the second-in-command at Yale’s $29.4 billion endowment, is stepping down after more than 30 years and won’t be replaced for now. The university’s senior director of investments, Takahashi worked under Yale’s legendary Chief Investment Officer David Swensen
- Bloomberg
Amazon Joins Walmart in Saying Tesla Solar Panel Caught Fire
(Bloomberg) -- Walmart Inc. isn’t the only corporation that has seen its Tesla Inc. solar panels catch fire.On Friday, Amazon.com Inc. said a June 2018 blaze on the roof of one of its warehouses in Redlands, California, involved a solar panel system that Tesla’s SolarCity division had installed. The
- The Canadian Press
Iranian oil tanker pursued by US says it is going to Turkey
DUBAI, United Arab Emirates — An Iranian-flagged oil tanker pursued by the U.S. amid heightened tensions between Tehran and Washington changed its listed destination to a port in Turkey early Saturday after Greece said it wouldn't risk its relations with America by aiding it.Meanwhile, Iran sanctioned
- The Canadian Press
The Latest: Macron tells Trump digital tax not against US
BIARRITZ, France — The Latest on the Group of Seven summit (all times local):7:40 p.m.A French diplomat says President Emmanuel Macron tried to reduce the pressure exerted by President Donald Trump over a new digital services tax the country is imposing on internet giants.The official, who spoke anonymously
- The Canadian Press
The Latest: Iran imposes sanctions on US think-tank
DUBAI, United Arab Emirates — The Latest on tensions in the Persian Gulf (all times local):9 p.m.Iran's Foreign Ministry says it has imposed sanctions on the Washington-based Foundation for Defence of Democracies and its CEO for its role in promoting sanctions and "economic terrorism" against
- Bloomberg
RRJ-Led Group in Talks to Invest $4 Billion in HNA’s Ingram Micro
(Bloomberg) -- RRJ Capital, run by former Goldman Sachs Group Inc.’s partner Richard Ong, is in advanced talks with the embattled HNA Group Co. to lead a $4 billion investment in Ingram Micro Inc., people familiar with the matter said.The group led by the Hong Kong-based private equity firm will invest
- The Canadian Press
Trump raises tariffs on Chinese goods as trade war escalates
WASHINGTON — Escalating his trade fight with China, President Donald Trump has raised retaliatory tariffs and ordered American companies to consider alternatives to doing business there.He also blamed his appointed head of the U.S. central bank, Federal Reserve Chairman Jerome Powell, for the state of
- The Motley Fool
Better Dividend Stock: Enbridge (TSX:ENB) vs. Suncor Energy (TSX:SU)
Enbridge Inc (TSX:ENB)(NYSE:ENB) and Suncor Energy Inc (TSX:SU)(NYSE:SU) are both excellent stocks for income-oriented investors, but which is the better buy?
- The Canadian Press
After underwhelming first year, can casino improve fortunes?
BOSTON — Aerosmith, New England Patriots cheerleaders and a five-tier birthday cake: Massachusetts' first Las Vegas-style casino is throwing itself an indulgent birthday bash Saturday.But one year after opening in western Massachusetts, MGM Springfield has underperformed its lofty revenue promises
- Yahoo Finance
Consumers are ‘starting to see the pain’ from the trade war
Now more than a year into the U.S.-China trade war, American consumers have so far been largely shielded from the negative impact of tariffs. But one major Wall Street investment bank says that’s all about to change and it has the data to prove it.“I think you're starting to see the pain,” Bank of
- The Canadian Press
4 European countries agree on trade deal with Mercosur
BERLIN — The European Free Trade Association, a group of four countries outside the European Union, has largely concluded a free-trade agreement with Mercosur, a South American trade bloc that includes Brazil.The Swiss economy ministry said Saturday that the agreement "in substance" was reached
- Bloomberg
Atlantic Storm Could Form off Coast of Florida This Weekend
(Bloomberg) -- Two tropical systems could spin out of the Atlantic this weekend, including one already threatening heavy rain in Florida and a second still far to the east.The first system has a 70% chance of becoming at least a tropical depression in the next two days and is threatening Florida’s east
- Bloomberg
Torching Farmers and Ranchers Won’t Stop Fires in the Amazon
(Bloomberg Opinion) -- The world’s biggest tropical forest is back in the headlines, for all the wrong reasons. Leonardo DiCaprio and Madonna are worried. NASA and Amnesty International are tracking the ruin. French President Emmanuel Macron vowed to make the Amazon emergency a priority during the meeting
- Yahoo Finance
WeWork will be the 'most ridiculous IPO of 2019,' analyst says
“This is a real estate leasing business that slapped a bunch of tech lingo on,” analyst Sam McBride told Yahoo Finance’s YFi AM on Friday.
- The Canadian Press
Books not bets: Nevada casino hotel to serve as college dorm
RENO, Nev. — Officials at the University of Nevada, Reno knew it was a bit of a gamble when they agreed to lease a downtown Reno casino hotel tower for a year and turn it into a college dormitory.They expected some criticism but had less than six weeks to find rooms for 1,300 students after a July 5
- The Motley Fool
The Magic Number for Your RESP Is 2,500
The RESP is an amazing savings program. If you invest in a solid dividend stock like the Royal Bank of Canada (TSX:RY)(NYSE:RY), your child will thank you in the future.
- Yahoo Finance
Why one auto watcher thinks Volkswagen buying a Tesla stake is a good idea
Greg Migliore, editor-in-chief of Autoblog, believes it'd be a 'brilliant move' for Volkswagen to really look at buying Tesla and it will give it a 'critical edge'.
- Bloomberg
Bundesbank’s Weidmann Warns Against Panic Amid Economic Slowdown
(Bloomberg) -- Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here. Bundesbank President Jens Weidmann warned that a deteriorating economy shouldn’t spark “panic,” barely three weeks before the European Central Bank decides on further stimulus.While Germany
- The Motley Fool
Why Dividend Stocks Should Be an Important Part of Your Retirement Plan
Rogers Communications Inc (TSX:RCI.B)(NYSE:RCI) is an example of a great dividend stock that you can buy and hold for years or even decades.
- Yahoo Finance
Overstock doubles down on crypto after true believer Patrick Byrne exits
Overstock CEO Patrick Byrne stepped down this week, but his blockchain boosterism didn't leave the company with him.
- The Canadian Press
Frustrated with event ticketing? New ventures try to help
ARLINGTON, Texas — Event organizers hoping to eliminate ticket scams and huge markups in the secondary market are increasingly turning to companies that use technology to allow fans to buy and resell their tickets while putting caps on prices.Partnering with such companies allows event organizers to
- Yahoo Finance
How a health care 'hedge fund' run by ex-congressman plans to cut costs
The Healthcare Transformation Alliance, led by former N.J. Congressman Rob Andrews, has saved its members at least $400 million in overall health care spending.
- Bloomberg
Brazil Sends Army to Fight Amazon Fires; Trump Tweets Support
(Bloomberg) -- Brazil’s President Jair Bolsonaro said he’s sending troops to battle fires roaring through vast expanses of the Amazon as President Donald Trump offered U.S. support to combat the disaster.Under growing domestic and international pressure, Bolsonaro on Friday promised “zero tolerance”
- Bloomberg
Released Iranian Oil Tanker Switches Direction, Heads for Turkey
(Bloomberg) -- The Iranian oil tanker that the U.S. sought to seize in Gibraltar has changed its heading to southern Turkey, raising concern that its cargo will end up in Syria.The Iranian-flagged Adrian Darya 1 switched its destination to the Turkish port city of Mersin, located just 150 kilometers
