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Daily News

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

Wall Street Journal

China Fires Warning Shot at U.S. Over Tariffs

Fri, Mar 23, 2018

China unveiled plans for tariffs against $3 billion in American goods and said it is readying more actions against the U.S., after the Trump administration moved to impose punitive measures on Chinese exports....

Zuckerberg Says Facebook Probe Into Apps Won't Uncover All Data Abuse

Fri, Mar 23, 2018

Facebook Inc.’s investigation into outsiders’ handling of its users’ information will help identify and deter bad actors but won’t be able to uncover where all the data ended up and how it is being deployed, Chief Executive Mark Zuckerberg said in an interview. ...

Google Privacy Case Risks Disrupting a Key Source of Nonprofit Funding

Fri, Mar 23, 2018

Critics of a longstanding practice that sends leftover money from class-action settlements to parties not affiliated with the litigation, known as cy pres, are trying to blow up a 2015 settlement involving Google....

Criminal Record, Crash Video Put Focus on Uber Operator

Fri, Mar 23, 2018

Test drivers of autonomous cars are supposed to monitor the road and brake or take the wheel if a car acts erratically, yet video shows the operator in Sunday’s fatality was looking down. The driver also has a criminal record and traffic violations....

Wynn Resorts Enters a New Galaxy

Fri, Mar 23, 2018

Steve Wynn shed his stake in the casino giant he co-founded. On the same day, Wynn Resorts said it would issue a near-5% stake to rival Galaxy Entertainment. Both moves look sensible....

China Started the Trade War, Not Trump

Fri, Mar 23, 2018

China started the trade war long before Donald Trump became president, and while his China crackdown is risky, it’s on firmer legal, political and economic ground than many of his other trade complaints, Greg Ip writes. ...

U.S. to Apply Tariffs on Chinese Imports, Restrict Tech Deals

Thu, Mar 22, 2018

The Trump administration will levy tariffs on tens of billions of dollars of Chinese imports, alongside restrictions on technology transfers and acquisitions by Beijing, moving to pressure China to curtail what the U.S. considers unfair trading and investment practices....

U.S. Factory Goods Orders Rose at Best Rate Since June

Fri, Mar 23, 2018

Demand for long-lasting U.S factory goods rose in February, supported by an uptick in business investment as orders for durable goods increased 3.1% from the prior month to a seasonally adjusted $247.72 billion in February....

Congress Passes Mammoth Spending Bill, Averts Shutdown

Fri, Mar 23, 2018

The Senate passed a $1.3 trillion spending bill, acting to avert a government shutdown with less than 24 hours to spare and bringing to a close a messy negotiating process over the sprawling measure....

Proxy for U.S. Layoffs Remains Low

Thu, Mar 22, 2018

The number of Americans laid off from their jobs rose slightly last week but remained near multidecade lows, fresh evidence of the labor market’s strength....