China Retaliates With New Tariffs as Trump’s Trade War Escalates

President Xi and President Trump. Photo: Fred Dufour/AFP/Getty Images China, as promised, officially announcednew retaliatory tariffs on U.S. goods on Saturday, claiming that the Trump administration had “launched a trade war” with Friday’s imposition of 25 percent tariffs on some $50 billion worth of Chinese exports. China’s Commerce Ministry released a statement early Saturday morning insisting the country […]

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What you need to know about the Wells Fargo settlement

The Wells Fargo Settlement Darla Mercado | @darla_mercado Published 2 Hours AgoCNBC.com The bank estimates it will pay about $182 million to affected car loan borrowers. Some 110,000 homeowners were assessed about $98 million in mortgage rate lock extension fees between Sept. 16, 2013 and Feb. 28, 2017. Andres S | Getty Images Couple buying a […]

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Uber is launching a rental car service inside its app

  Uber is launching a rental car network in partnership with Getaround, the ride-hailing company announced today (April 11). San Francisco-based Getaround lets users find and instantly book vehicles from private car owners, all through a mobile app. The new Uber Rent platform, which is scheduled to launch later this month in San Francisco, will […]

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What Zuckerberg should do as Facebook faces a reputation meltdown

This is how it, and the wider industry, should respond, LAST year the idea took hold that Mark Zuckerberg might run for president in 2020 and seek to lead the world’s most powerful country. Today, Facebook’s founder is fighting to show that he is capable of leading the world’s eighth-biggest listed company or that any […]

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Fiat Chrysler to invest $1 billion in Michigan plant, pay bonus after tax cut

An employee removes side panels from a press at Fiat-Chrysler’s Sterling Stamping Plant in Sterling Heights, Michigan, on Aug. 26, 2016. (Jeff Kowalsky / Bloomberg) Jamie Butters and Ryan BeeneBloomberg Fiat Chrysler Automobiles is investing $1 billion in a Michigan truck factory and paying worker bonuses in the wake of a U.S. tax cut, gestures […]

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Wal-Mart to Cut Thousands of Store-Management Roles

Wal-Mart to Cut Thousands of Store-Management Roles About 3,500 U.S. store co-managers affected by reshuffle Retailer adding 1,700 new assistant store-manager positions Wal-Mart to Increase Starting Wages to $11 Wal-Mart to Increase Starting Wages to $11 A day after embarking on a pay hike, Wal-Mart Stores Inc. is taking steps to shake up management at thousands of […]

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Shari Redstone once again eyeing a merger of CBS and Viacom

Shari Redstone is vice chair of both CBS Corp. and Viacom Inc. (Drew Angerer / Getty Images) Shari Redstone wants to recombine CBS Corp. and Viacom Inc. to better fortify the two medium-sized media companies at a time when other entertainment companies are scrambling to bulk up. There are no merger talks underway, three people […]

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Sears warns it will consider ‘all options’ if efforts to refinance $1 billion in debt fail

Sears’ same-store sales dropped 16 to 17 percent for the first two months of the fourth quarter. The department store chain has raised $100 million in new financing and is pursuing an additional $200 million from other lenders. Sears is pushing to return to profitability and will continue to explore ways to monetize its other […]

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Sprint customers are about to get a very unpleasant bill hike

Image Source: Shutterstock Chris Mills @chrisfmills January 10th, 2018 at 12:46 AM Existing Sprint customers who signed up under two long-running deals are about to get a very unpleasant new years’ shock. The “Unlimited freedom” and “50% off” deals, which have been running for two years, are ending this month, which means that some bills will […]

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