Below please find daily updates pertaining to the latest in financial, business, and tax news:
Uber filed paperwork confidentially this week for its initial public offering, according to people familiar with the matter, as it races with smaller rival Lyft to be the first to market....Sat, Dec 08, 2018
This month’s arrest of Huawei’s chief financial officer and heir apparent was the latest salvo against a company U.S. officials see as a threat to national security and America’s global edge in technological innovation. ...Sat, Dec 08, 2018
The arrest of a prominent Chinese technology executive traveling overseas sparked concerns that U.S. executives may be vulnerable to retaliation....Fri, Dec 07, 2018
American companies that import products are paying record amounts in customs duties as more tariffs imposed by the Trump administration take effect. ...Sat, Dec 08, 2018
While business leaders at first thought President Trump’s confrontational approach on trade with China was the wrong way to go, some CEOs now see the administration’s trade fight as the best shot at resolving long-running intellectual-property grievances....Fri, Dec 07, 2018
Employers slowed their pace of hiring in November, but wage growth matched the highest rate in nearly a decade and unemployment held at the lowest rate since December 1969. ...Fri, Dec 07, 2018
The U.S. job market remained healthy overall in November, with low unemployment and steady wage growth, justifying the Federal Reserve’s expected interest rate rise this month. ...Thu, Dec 06, 2018
Federal Reserve officials are considering whether to signal a new wait-and-see mentality after a likely interest-rate increase at their meeting in December, which could slow the pace of rate increases next year....Fri, Dec 07, 2018
Americans continue to feel good about the economic outlook, with the University of Michigan saying its preliminary index of consumer sentiment exceeded economists’ expectations....Fri, Dec 07, 2018
Marlboro maker invests $1.8 billion in Canadian marijuana grower as it explores deal with e-cigarette rival Juul. ...
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