Below please find daily updates pertaining to the latest in financial, business, and tax news:
General Electric continues to work with bankers and advisers to determine the best way to proceed with GE Capital, the lending unit that nearly sank the company in the financial crisis. ...Tue, Jul 17, 2018
Netflix registered more than a million fewer subscribers than it expected in the second quarter, a sign that the streaming-video site’s strong momentum may be slowing. Shares fell 14% in after-hours trading....Tue, Jul 17, 2018
Papa John’s International’s founder John Schnatter said “it was a mistake” to step down as chairman last week and is questioning how the board investigated his use of a racial slur. ...Tue, Jul 17, 2018
Trade barriers can ricochet through an economy in ways even proponents don’t expect, as shown by washers, among the first consumer products targeted....Mon, Jul 16, 2018
Uber is the subject of an investigation by the U.S. Equal Employment Opportunity Commission stemming from a complaint about gender inequity, part of a series of probes of the ride-hailing giant....Tue, Jul 17, 2018
Federal Reserve Chairman Jerome Powell heads to Capitol Hill for his second pair of hearings since becoming the central bank’s new leader in February. ...Tue, Jul 17, 2018
Despite months of negative headlines—from escalating trade conflicts to European political turmoil to emerging-market currency declines—global economic growth has remained robust. ...Mon, Jul 16, 2018
Americans boosted their spending at retailers in June, capping a strong quarter of consumption that is expected to help ramp up economic growth....Tue, Jul 17, 2018
The leaders of Japan and the European Union signed a deal to create one of the world’s largest liberalized trade zones, a contrast to escalating trade disputes between the U.S. and several of its trading partners....Mon, Jul 16, 2018
The U.S. fired back at lawsuits other countries have filed with the World Trade Organization over Trump steel and aluminum tariffs, escalating a trade dispute with some of America’s closest allies....
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