Record-setting market run raises warning signs
The current bull market in stocks is a month or so away from becoming the longest in history. If it happens, then what?
Many along Wall Street expect the rally that began in March 2009 to eclipse the 1990-2000 run that ended with the dot-com crash. But more experts are questioning whether the stock market’s run will make it beyond 2019 or 2020.
Auto industry urges US to halt proposed car tariffs
The U.S. Commerce Department sought feedback on President Donald Trump’s plans to consider taxing auto imports. It got an earful at an all-day hearing Thursday. Critics lined up to urge the administration to reject auto tariffs.
They argued that the taxes would raise car prices, squeeze automakers by increasing the cost of imported components and invite retaliation from U.S. trading partners — and allies — like the European Union and Canada.
Farmers wait as US-China trade war escalates
American farmers have put the brakes on unnecessary spending as the U.S.-China trade war escalates.
But they said there isn’t much more they can do except hope the two countries work out their differences before the full impact of China’s retaliatory tariffs hits American soybean and pork producers. Agricultural groups said one of the few things farmers can do for now is make themselves heard in Washington.
Microsoft profit up, aided by cloud rivalry with Amazon
Microsoft Corp. is reporting quarterly profit of $8.87 billion, boosted in part by its efforts to rival Amazon as a key cloud computing provider for retailers and other businesses.
The Redmond, Washington-based company said it had net income of $1.14 per share in the fiscal fourth quarter. Earnings, adjusted for non-recurring gains, were $1.13 per share.
Trump promotes job training as workers sought
President Donald Trump is pressing U.S. companies and trade associations to bolster their job training opportunities as employers search for qualified skilled workers to fill vacancies.
Trump said Thursday at an event at the White House that nearly two dozen companies and trade associations are signing his pledge to provide more job training and apprenticeship programs. Trump said it will help train about 3.8 million students and workers for new jobs and rewarding careers.
Canadian marijuana company has first US IPO
A Canadian company has become the first marijuana business to complete an initial public stock offering on a major U.S. stock exchange, raising $153 million as Canada prepares to legalize the drug.
British Columbia-based Tilray Inc.’s shares began trading Thursday on the Nasdaq stock exchange, initially priced at $17 and closing at $22.55. Tilray isn’t the first pot company to trade on a major American stock exchange, but it is the first to do so with an IPO.
Zuckerberg comment puts Facebook on the spot
Denying the Holocaust is probably OK on Facebook. Calling for a mob to kill Jews is not.
Facebook founder Mark Zuckerberg’s awkward attempt to explain where Facebook draws the line illustrates the complexities social media platforms face as they take on the unwanted role of referee in this age of fake news and hate speech.