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Daily News

Below please find daily updates pertaining to the latest in financial, business, and tax news:

Wall Street Journal

From Restaurants to Insurers, the Race to Comply With Privacy Rules

Thu, May 24, 2018

When strict new GDPR privacy regulations take effect Friday, even small firms with no European footprint must change how they handle European customers’ data....

Self-Driving Uber That Hit Pedestrian Wasn't Set to Stop in an Emergency

Thu, May 24, 2018

An Uber self-driving car involved in a fatal crash in Arizona identified an object on the road six seconds before impact and didn’t determine the need for emergency braking until nearly five seconds later....

Diageo Calls Time on Seagrams VO and Other Spirits

Thu, May 24, 2018

Diageo is shopping its Canadian whisky brand Seagrams VO and cinnamon schnapps Goldschlager among others as it looks to pivot towards higher-growth brands, according to people familiar with the matter. ...

How a Weakened ESPN Became Consumed by Politics

Thu, May 24, 2018

Anxiety over ESPN’s future in the era of cord-cutting has been compounded by arguments over tweets by hosts and tensions with the network’s owner Disney. ...

Judge Seeks More Information from Oil Companies in Climate-Change Suits

Thu, May 24, 2018

A federal judge said he needed more information before deciding whether to dismiss lawsuits by San Francisco and Oakland alleging that five of the world’s largest oil companies should pay to protect the cities’ residents from the impacts of climate change. ...

U.S. Existing Home Sales Fell in April

Thu, May 24, 2018

Sales of previously owned U.S. homes declined in April, as inventory shortages and rising prices weigh on the market and higher mortgage rates begin to pose a threat to demand for the first time in years....

U.S. Jobless Claims Rose to 234,000 Last Week

Thu, May 24, 2018

The number of Americans filing new applications for unemployment benefits rose again last week, but remained near historically low levels....

Trump Identifies His Trade Weapon of Choice, to the Dismay of Congress

Thu, May 24, 2018

President Donald Trump’s use of a national security law to threaten tariffs on imported cars drew widespread criticism, including sharp rebukes from senior members of his own Republican Party....

Congressional Budget Office's Long-Term Deficit Forecast Dwarfs White House Estimate

Thu, May 24, 2018

The CBO estimates President Donald Trump’s 2019 budget proposal will result in deficits in 2027 and 2028 that are more than twice the White House’s forecasts. ...

Macron to Silicon Valley: Embrace Europe's Regulations

Thu, May 24, 2018

French President Emmanuel Macron ratcheted up tensions with U.S. tech giants calling on them to embrace Europe’s regulation of topics ranging from taxation to privacy to artificial intelligence, because Washington is failing to do so....