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Market News
Wall Street Journal
- Cheniere Deal With China Signals Country's Key Role in LNG ExportsCheniere Energy’s expected $18 billion deal to supply natural gas to China signals the company’s growing bet on the country, and China’s emergence as a top market for U.S. gas exporters.
- Facebook Sues Chinese Companies for Creating Fake AccountsFacebook and Instagram sued four companies and three people based in China for creating and selling fake accounts, likes and followers, according to a posting on the social media giant’s website.
- Venezuelan Opposition Seeks U.S. Court's Help Protecting CitgoVenezuela’s U.S.-backed opposition leaders asked a federal appeals court to refrain from carving up the country’s foreign assets, saying their loss would hurt the chances of political change in Caracas.
- Disney Cuts Compensation for Iger in Fox DealDisney tweaked Robert Iger’s pay package, removing $13.5 million in potential salary and incentive awards available for the CEO after the company closes its acquisition of Fox assets.
- Nevada Is the Jackpot of Barrick's Push for NewmontBarrick Gold’s bid to acquire rival gold producer Newmont Mining centers on a plan to combine portfolios and operations in the state of Nevada.
MarketWatch
- Project Syndicate: How to understand the Fed’s dovish turnNouriel Roubini explains what’s behind the Federal Reserve’s sudden about-face on raising interest rates.
- Encore: Should governments contribute parks to fund their pension plans?A really bad idea appears to be gaining traction
- The Wall Street Journal: Survey of female economists finds ‘many’ suffered from harassment, discriminationA survey of female economists found many suffered from harassment or discrimination, the American Economic Association said Monday.
- Key Words: Monica Lewinsky: ‘Bill Clinton didn’t have to change his name’The anti-bullying advocate tells John Oliver that no one asked the former president if he’d consider a new identity.
- The Ratings Game: Facebook stock falls as worry of ‘negative network effects’ prompts downgradeShares of Facebook fall toward a third straight loss after Needham analyst Laura Martin downgrades the social-media giant, citing concerns that “negative network effects” could speed up the destruction of value for investors.
The Economist
- Proposals to tax pieds-à-terre in New York are gaining groundNUMBER 220 Central Park South is one of New York City’s swankier addresses. Its amenities include a golf simulation room and a saltwater swimming pool. In January Ken Griffin, the founder of Citadel, a hedge fund, bought a penthouse in the building for $238m, setting a record for the priciest home in America. Mr Griffin, […]
- Mar-a-Lago, massage parlours and selling access to the presidentEVER SINCE diners at Mar-a-Lago snapped pictures of President Donald Trump plotting America’s response to a North Korean missile test with his Japanese counterpart, there have been national-security concerns about the president’s “Winter White House”. Yet reports about a Mar-a-Lago frequenter called Li Yang, who also goes by Cindy Yang, suggest they underestimated the risks […]
- Why more undocumented migrants are reaching AmericaDONALD TRUMP promised to resort to untested measures to keep Mexican migrants from crossing America’s southern border. The promise contained at least two nagging flaws. The first is an outdated view. Migration of Mexicans is down by 90% from its peak in 2000; now most border-hoppers come from the “Northern Triangle” of Guatemala, Honduras and […]
- Tech giants face new threats from the government and regulatorsANNIVERSARIES ARE often happy occasions, but not this one. March 17th will mark a year since the New York Times and the Observer published exposés about how Facebook enabled the personal data of tens of millions of Facebook-users to leak to an outside political firm, Cambridge Analytica. The resulting scandal has plagued the social-networking firm […]
- The benefits of America’s hot economy have been unevenly spread“OUR ECONOMY’S on fire,” says Tamara Atkinson, head of Austin’s workforce development board. Workers there are being fought over with signing bonuses, paid internships and help with tuition fees. Ms Atkinson sees formerly incarcerated workers being given second chances, with employers asking how severe their crime really was. She even worries that wages for flipping […]
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