New technology: destroyer or creator of jobs?

Workers across the world are increasingly aware of what many consider an existential threat to a wide array of jobs. Safe and efficient autonomous vehicles, for example, may make truck drivers obsolete in the not too distant future. At the same time, advocates of technology argue, people around the planet are finding new and often better… Please follow and like us:

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JPMorgan Chase & Co. Q4 2017 Earnings Beat Estimates

The JPMorgan Chase & Co. Q4 2017 earnings results were released before opening bell this morning. The bank reported adjusted earnings of $1.76 per share on $25.45 billion in revenue, compared to the consensus estimates of $1.69 per share and $25.17 billion in revenue. In the previous year’s fourth quarter, the bank reported $1.71 per share… Please follow and like us:

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This Seattle Subway can’t sell $5 footlongs because of big government – and posted a sign to let customers know

  Customers who enjoy sweetened drinks aren’t the only people in Seattle currently feeling the pinch of the city’s progressive policies. Here’s a photo of a sign that’s hanging in a Seattle Subway that lays out the problems faced by both consumers and business owners in the city: Seattle Subway says… Please follow and like us:

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GoPro predicts revenue slump and slashes workforce; stock plunges

Camera maker GoPro Inc. is getting out of the drone business, laying off more than 20 percent of its workforce and losing two executives after predicting a sharp decline in its fourth-quarter revenue and disclosing weak holiday-season demand for its cameras. The disappointing outlook sent shares plummeting nearly 30 percent to an all-time low of $5.32… Please follow and like us:

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Higher prices, reduced hours: Restaurants & mininum wage hikes

By Michael von Massow, Associate Professor, Food Economics, University of Guelph. Chris Stevens, owner of Kaboom Chicken restaurant in Toronto, hands an order to a customer in December. Ontario’s new $14 per hour minimum wage took effect Jan. 1 and Stevens has already taken steps to ensure his restaurant can afford the added expense. THE CANADIAN… Please follow and like us:

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US job gains disappoint, unemployment holds at 4.1%

The US economy’s job creation ability disappointed in December, despite solid hiring in manufacturing and construction, according to government data reported Friday. But with the country believed to be near full unemployment, the jobless rate still held steady at its 17-year low of 4.1 percent. Employers added just 148,000 new hires in the final month of… Please follow and like us:

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Comcast quietly fired hundreds in direct sales before Christmas

Hundreds of door-to-door salespeople for Comcast who walk neighborhoods and troll apartment complexes to pitch its telecom and TV services were called into company offices about two weeks before Christmas and fired, according to an employee and Comcast documents reviewed by the Philadelphia Inquirer, Daily News, and Philly.com. The Florida employee could not be identified because… Please follow and like us:

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Trump administration moves to expand oil and gas drilling off US coasts

The Trump administration, inviting a political backlash from coastal state leaders, on Thursday proposed to open for exploration the largest expanse of the nation’s offshore oil and natural gas reserves ever offered to global energy companies, including waters off the coast of California. Interior Secretary Ryan Zinke said the draft five-year leasing plan would commit 90… Please follow and like us:

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Trust in digital technology will be the internet’s next frontier, for 2018 and beyond

By Bhaskar Chakravorti, Senior Associate Dean, International Business & Finance, Tufts University. Trust in online systems varies around the world. Sergey Nivens/Shutterstock.com After decades of unbridled enthusiasm – bordering on addiction – about all things digital, the public may be losing trust in technology. Online information isn’t reliable, whether it appears in the form of news,… Please follow and like us:

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10 Data Points Investors Should Be Watching Now: JPMorgan’s Kelly

There are multiple economic and financial numbers investors can monitor in 2018 to get a sense of the market environment. David Kelly, chief global strategist for JPMorgan Funds, offers his own list of the top 10 data points he recommends investors watch this year. In his inaugural weekly note for 2018, Kelly says the list is… Please follow and like us:

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What can Qualcomm do to fend off Broadcom?

When Broadcom proposed ousting Qualcomm’s board of directors on Dec. 4, it set in motion a high-stakes chess match for control of San Diego’s most iconic technology company. The outcome could reverberate not only locally, but throughout the tech industry — possibly changing the landscape for firms such as Apple, Google, Microsoft and Intel. Qualcomm invented… Please follow and like us:

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Economic forecast 2018: Forgotten prosperity finally returns.

WASHINGTON, December 28, 2017: It has been nearly two decades since the American economy has experienced true prosperity. Prosperity means nearly all of us are thriving and experiencing good fortune, success and finding opportunity. If we define prosperity in terms of numbers, GDP growth would have to exceed 4%. That hasn’t happened since 2000, nearly two… Please follow and like us:

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These liberals are angry corporations are giving out bonuses

Nancy Pelosi Last week, Speaker Paul Ryan said he believes the Republican tax bill would help workers. Today’s Savannah Guthrie asked Ryan, “Are you living in a fantasy world?” quoting tax plan critic, former New York City Mayor Michael Bloomberg. Savannah Guthrie challenging Speaker Ryan on the #GOPTaxScamBill: “Are you living in a fantasy world?” Yes,… Please follow and like us:

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Donald Trump signs tax cuts into law, also signs bill to keep government open

President Trump signed a hard-won $1.5 trillion tax-cut bill into law Friday, also signing a temporary funding bill to keep the government open and a $4 billion missile defense bill. Mr. Trump signed the measures at the White House shortly before departing for Florida for the Christmas holiday. The most sweeping tax overhaul in decades cuts… Please follow and like us:

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Rising debt for youths in S. Korea

SEOUL – South Korea’s younger generation is facing rising debt while the older generation has less living costs, boosting worries about low birthrate amid an aging population, data showed on Thursday. According to data jointly released by Statistics Korea, the Bank of Korea and the Financial Supervisory Service, householders aged under 30 have an average debt… Please follow and like us:

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