IMF, Argentina Agree on $50 Billion Bailout Deal

IMF, Argentina Agree on $50 Billion Bailout Deal

The International Monetary Fund and Argentina reached an agreement for a $50 billion credit line to stem a drop in the value of the Argentine peso and shore up the government of President Mauricio Macri, as he accelerates plans to reduce fiscal deficits. Mr. Macri sought the IMF’s help four weeks ago, after the peso’s […]

Will ending quarterly earnings guidance free CEOs to think long term?

Will ending quarterly earnings guidance free CEOs to think long term?

Will ending quarterly earnings guidance free CEOs to think long term?  Washington Post Buffett, Dimon Urge End to Quarterly Profit Forecasts  U.S. News & World Report 7 Stocks Warren Buffett Would Approve Of  Investorplace.com Bezos, Buffett and Dimon find the person they want to fix health care  CNBC Dimon-Buffett plan to drop guidance could cause investors to rely on […]

Nashville impounds more than 400 Bird scooters Thursday; company calls sweeps unconstitutional

Nashville impounds more than 400 Bird scooters Thursday; company calls sweeps unconstitutional

Nashville impounds more than 400 Bird scooters Thursday; company calls sweeps unconstitutional  The Tennessean As scooters multiply, Santa Monica plans regulations to address community concerns  Curbed LA Watch Out Birds! Lime Scooters Launch Today in Santa Monica…  Santa Monica Mirror How I Learned to Stop Worrying and Love Electric Scooters  New York Times Full coverage Source link

Chinese phone maker ZTE saved from brink after deal with US

Chinese phone maker ZTE saved from brink after deal with US

(Reuters) – China’s No. 2 telecommunications equipment maker ZTE secured a lifeline from the Trump administration on Thursday after agreeing to pay a $1 billion fine and overhaul leadership in a deal that will lift a ban on its doing business with U.S. suppliers. The agreement comes as U.S. President Donald Trump seeks trade concessions […]

Tesla Autopilot System Warned Driver to Put Hands on Wheel, US Investigators Say

Tesla Autopilot System Warned Driver to Put Hands on Wheel, US Investigators Say

A Tesla Inc. vehicle involved in a fatal crash in March was speeding on a highway with its driver-assistance feature engaged and had alerted the driver to put his hands on the steering wheel more than 15 minutes before the collision, U.S. safety investigators said Thursday. The Model X electric, sport-utility vehicle accelerated in the […]

Key 'step forward' in cutting cost of removing CO2 from air

Key 'step forward' in cutting cost of removing CO2 from air

Image copyright Carbon Engineering Image caption The pilot plant has been built in British Columbia and is extraction about a tonne of CO2 every day A Canadian company, backed by Bill Gates, says it has reached an important threshold in developing technology that can remove CO2 from the air. Carbon Engineering has published a peer-reviewed […]

Buffett, Dimon Team Up to Curb 'Unhealthy Focus' on Quarterly Earnings

Buffett, Dimon Team Up to Curb 'Unhealthy Focus' on Quarterly Earnings

James Dimon and Warren Buffett are urging companies to consider ending the practice of providing quarterly earnings guidance, arguing that it encourages an “unhealthy focus” on short-term profits at the expense of long-term growth and economic strength. Mr. Dimon, the chairman and chief executive of JPMorgan Chase & Co., and Mr. Buffett, chairman of Berkshire […]