Americans are buying more food at Walmart – Washington Post

Walmart is expanding its grocery business both in stores and online by adding more organic produce. (Joe Raedle/Getty Images) Competition is heating up among U.S. grocery chains, but Americans are increasingly buying their food at Walmart. The retailer on Thursday said food sales had grown to their highest level in five years, as Walmart expands its grocery […]

JPMorgan CEO Jamie Dimon Issues Sharp Rebuke of Trump – Fortune

On Wednesday afternoon, members of the president’s Strategic and Policy Forum agreed to disband. The decision followed a press conference on Tuesday, in which Trump equivocated white supremacist groups with counter-protesters at Charlottesville. In a message to employees, JPMorgan CEO Jamie Dimon said he “personally supported” the decision. He also spoke out against the president’s […]

Fed Starts to Wonder If Cornerstone Inflation Model Still Works – Bloomberg

Fed Starts to Wonder If Cornerstone Inflation Model Still Works – Bloomberg

Federal Reserve officials are looking under the hood of their most basic inflation models and starting to ask if something is wrong. Minutes from the July 25-26 Federal Open Market Committee meeting showed a revealing debate over why the economy isn’t producing more inflation in a time of easy financial conditions, tight labor markets and […]

The latest CEO departures from Trump business council show how difficult it is to separate business from politics – Washington Post

Under Armour’s Kevin Plank and Intel’s Brian Krzanich are the latest CEOs to ditch President Trump’s American Manufacturing Council after Trump’s waffling on condemning the hate groups that sparked deadly violence in Charlottesville over the weekend. Merck CEO Kenneth Frazier was the first to go, citing the need for American leaders to clearly reject “expressions of […]

Seeking Greater Global Power, China Looks to Robots and Microchips – New York Times

China takes conflicting positions on intellectual property, ignoring it in some cases while upholding it in others. Underlying those contradictions is a long-held view of intellectual property not as a rigid legal principle but as a tool to meet the country’s goals. Those goals are getting more ambitious. China is now gathering know-how in industries […]

Walmart Beats Amazon – Forbes

Walmart Beats Amazon – Forbes

(Photo by Scott Olson/Getty Images) Traditional retailer Walmart is coming back big time. And it is beating on-line retailer Amazon in the last three to six months. On Wall Street that is. Walmart’s shares have gained 6.55 percent in the last three months and 19.71 percent over the last six months compared to 6.55 percent […]

Wrath of right falls on Google – The Hill

The firing of a Google programmer who authored a controversial memo criticizing the company’s diversity initiatives has become a cause célèbre for many on the right. They see the case of James Damore confirming their suspicions that Silicon Valley suppresses conservative viewpoints and are turning their fire on his former employer. Damore’s internal memo became […]

Trump to launch investigation into China trade violations – Washington Post

The Trump administration will take steps Monday to launch an investigation into Chinese intellectual property violations that could result in severe trade penalties, a threat the United States could wield to pressure Beijing into improving its economic behavior and doing more to contain North Korea’s nuclear threat. The president plans to sign an executive memorandum […]