Meghan McCain, in tribute to her father, blasts ‘cheap rhetoric’ of politics

Chris Wattie | Reuters Daughter Meghan McCain walks past the casket at the memorial service of U.S. Senator John McCain (R-AZ) at National Cathedral in Washington, U.S., September 1, 2018. REUTERS/Chris Wattie A grief-stricken Meghan McCain appeared to take a swipe at President Donald Trump during a moving tribute honoring her father, Arizona GOP Sen.…

Why the US trade deficit is a ‘made in America’ problem that won’t be...

The U.S. is locked in a multifront battle with virtually every major trading partner, in an effort to extract concessions that it expects to help cure the "twin deficits" that have bedeviled the world's largest economy for decades. On Friday negotiations on a new North American Free Trade Agreement hit an inflection point. Talks between…

Trump takes a new shot at Canada, threatens to end NAFTA if Congress intervenes

President Donald Trump on Saturday issued a new threat to terminate the North American Free Trade Agreement altogether, warning Congress not to intervene in tough negotiations that may or may not include Canada in a new accord. Trade talks between the United States and Canada will kick off again Wednesday after the two sides ended…

The $1 billion price cut: Luxury real estate gets slashed

The cuts follow a spate of even bigger cuts earlier this year. The $250 million mansion in Bel Air California known as "The Billionaire" became America's most expensive listing when it came onto the market for $250 million in 2017. In April, the price was cut by a massive $62 million, to $188 million. Brokers…

Warren Buffett explains the enduring power of stock buybacks for long-term investors

Unlike dividends, which are typically implemented with the understanding that they will always be paid to shareholders unless there is a dramatic change in a business's situation, buybacks offer management the opportunity to do what Buffett likes best: buy undervalued stocks. In discussing why opportunistic buybacks are better than perennial dividends, Buffett told CNBC in…

Top VC Deals: Amazon buys Tapzo, Apple buys Akonia, and Outset raised a round...

Puls Technologies raised $50 million for its same-day repairs service. Puls (pronounced "pulse") sends technicians to a customer's home to fix cracked or otherwise damaged smartphones and tablets, or to install items like entertainment systems, smart speakers and automated garage door. Temasek led the round, which was joined by the company's earlier backers including Sequoia…

US accuses China of ‘super aggressive’ spy campaign on LinkedIn

The United States' top spy catcher said Chinese espionage agencies are using fake LinkedIn accounts to try to recruit Americans with access to government and commercial secrets, and the company should shut them down. William Evanina, the U.S. counter-intelligence chief, told Reuters in an interview that intelligence and law enforcement officials have told LinkedIn, owned…

Einhorn’s Greenlight off 25% for year; Ackman up double-digits

Billionaire investor David Einhorn's Greenlight Capital hedge fund, whose bets on car companies General Motors and Tesla both moved against him in August, lost 7.6 percent this month, leaving the fund down 25.1 percent for the year, two investors said on Friday. Einhorn sent investors his monthly update after the market closed on Friday but…

Emerging market pain is seen lasting into next year, as Argentina and Turkey lead...

As Argentina's currency plungedand interest rates spiked this week, the South American country was at the epicenter of an emerging-markets financial spiral that is expected to continue well into next year. Argentina's peso steadied Friday after losing about 20 percent against the dollar since Tuesday as its central bank said it would auction dollar reserves.…

Tesla investors were taken on a wild ride. Here’s how August played out on...

Tesla Chairman and CEO Elon Musk took his company's shareholders on a wild ride in August. Between his outspoken tweets, talk of taking the company private, and then retracting on the idea, Wall Street analysts have had a ton to digest. "This is a stock that you hold on faith. You believe that this is…

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