Below please find daily updates pertaining to the latest in financial, business, and tax news:
Retailer Payless ShoeSource plans to close all of its roughly 2,100 stores in the U.S. and Puerto Rico, in what is likely to be the largest ever retailer liquidation. ...Fri, Feb 15, 2019
Uber Technologies, as it steers toward a planned IPO later this year, reported its slowest sales growth since the company began disclosing detailed financials two years ago. ...Fri, Feb 15, 2019
Amazon’s Jeff Bezos joins the ranks of celebrities, including fitness guru Richard Simmons and talk-show host “Dr. Phil,” who have had to deal with the no-holds-barred approach of the National Enquirer. ...Fri, Feb 15, 2019
Venture capitalist Steve Jurvetson is back on the investment scene with a new fund, more than a year after he was hit with allegations that he mistreated women and left the firm he co-founded. ...Sat, Feb 16, 2019
Amazon scuttled its New York City project after talks to resolve the matter of labor organizing and to ease political opposition to subsidies failed to allay the company’s concerns. ...Fri, Feb 15, 2019
Negotiators made progress on a memorandum of understanding that could serve as the basis for a deal that President Trump and Chinese leader Xi Jinping could later finalize....Fri, Feb 15, 2019
Economic data are usually noisy, but this week included an onslaught of negative and often contradictory signals that made even seasoned economists scratch their heads. ...Fri, Feb 15, 2019
The Commerce Department is wrapping its probe into whether imported cars and parts pose a national-security threat under U.S. trade law. Its findings could lead to levies that would make autos from Japan, Germany and elsewhere sharply more expensive. ...Fri, Feb 15, 2019
U.S. industrial output fell sharply in January, primarily driven by a large drop in vehicle production....Fri, Feb 15, 2019
San Francisco Fed leader Mary Daly discusses her outlook for interest rates and the economy, the winding down of the Fed’s bond portfolio, and reasons why a tight labor market hasn’t fueled stronger wage growth and higher inflation....
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