Fed Looks for Answers on Missing Inflation in a Tight Labor Market – Bloomberg

Fed Looks for Answers on Missing Inflation in a Tight Labor Market – Bloomberg

U.S. central bankers are looking for clues that underlying strength in the economy will underwrite their plans to raise interest rates for a third time this year, a record of their meeting last month showed, as officials wrestled with why inflation remains so low. U.S. financing conditions remain easy, the economy is expected to grow above […]

Delta Vows Not to Pay US Duties on Bombardier’s C Series – Bloomberg

Delta Vows Not to Pay US Duties on Bombardier’s C Series – Bloomberg

Delta Air Lines Inc. pledged not to pay import duties on Bombardier Inc.’s marquee jetliner, which was socked in the last two weeks with 300 percent tariffs by the U.S. Commerce Department. It’s possible Delta will delay deliveries of the C Series planes, which are scheduled to begin next year, Chief Executive Officer Ed Bastian […]

Cook County officials vote 15-1 to repeal sugary drink tax – WLS-TV

Cook County finance committee officials took a major step toward repealing a Chicago-area tax on sweetened beverages with a 15-1 vote to repeal it. The repeal of the tax still faces a vote from the full board which is expected on Wednesday. Commissioners voted Tuesday afternoon to get rid of the tax that has angered […]

Pfizer’s Big Deal Still Elusive as Company to Shed Consumer Unit – Bloomberg

Pfizer’s Big Deal Still Elusive as Company to Shed Consumer Unit – Bloomberg

Pfizer Inc.’s move to offload its consumer-health division could bring in billions of dollars and help the drugmaker streamline operations. Yet the company-changing deal investors have been hoping for may be still to come. The U.S. drug giant, which abandoned a plan to split in two last year, has tried — and failed — to orchestrate hundred-billion-dollar-plus […]

Wall Street recedes from highs as quarterly reports loom – Reuters

(Reuters) – Wall Street fell from record levels on Monday as gains in Microsoft and other technology stocks failed to offset a drop in General Electric and a slide in healthcare stocks. The S&P healthcare index .SPXHC moved 0.67 percent lower, weighed by a 3.61-percent slide in Medtronic (MDT.N) after the medical device maker warned […]

Richard Thaler’s Nobel Prize: Lessons For Business Leaders – Forbes

Richard Thaler’s Nobel Prize: Lessons For Business Leaders – Forbes

(Photo by Scott Olson/Getty Images) The newest Nobel laureate in economics, the University of Chicago’s Richard Thaler, has many insights useful to business leaders. The most obvious is the “endowment effect,” which says that we humans tend to value things we already have over things we don’t have. Thaler’s research focuses on ways that decision-makers […]

Shares inch ahead in Asia, Turkish lira takes a dive – Reuters

SYDNEY (Reuters) – Australian shares and U.S. stock futures inched higher on Monday as the flow of economic news remained generally supportive for global growth, while political uncertainty caused some early ructions in currencies. Liquidity was lacking with Japan and South Korea on holiday and a partial holiday in the United States where stocks will […]

Tesla is struggling to build the Model 3 — here’s why – Business Insider

Tesla is struggling to build the Model 3 — here’s why – Business Insider

The Tesla Model 3.Timothy Artman/Tesla Tesla’s third-quarter delivery numbers were both impressive — and depressing. The carmaker is on pace to sell 100,000 vehicles in a year for the first time in its 14-year history. But it’s also far, far behind with the production of its new Model 3 sedan, the vehicle that’s supposed to […]

Legal Marijuana Could Be a Major Tailwind for This Iconic Canadian Company – The Motley Fool Canada

With cannabis legalization on the horizon, many investors have loaded up on speculative cannabis producers such as Canopy Growth Corp. (TSX:WEED) with the hopes of realizing next-level returns over the long run. While the legalization of cannabis opens many types of new opportunities to investors, publicly traded cannabis producers are way too risky for the average […]