Gut check your digital leadership toolbox

Being a true digital leader requires more than a wardrobe change FinTech leaders have disrupted more than just the role of technology in the advice industry. Every company leader wants to be with these new cool kids. I counted just three ties at a recent gathering of 80 companies. The talk is invigorating — all […]

Pelosi Unloads On Nadler; Tells Him To Drop 'Moby Dick'-Like Impeachment Obsession

House Speaker Nancy Pelosi blasted House Judiciary Committee Chairman Jerry Nadler last week over his ‘Moby Dick’-like obsession with impeaching President Trump – days before Trump’s 2016 campaign manager Corey Lewandowski wiped the floor with Congressional Democrats during a contentious five-hour hearing on Tuesday in front of Nadler’s panel. Pelosi’s comments came during a closed-door Capitol Hill meeting of Democrats […]

Ripple Effect From The GM, UAW Strike Bears Down On Supplier Firms

The longer it goes on, the more ripple effect the General Motors strike has on parts suppliers that make components for GM’s now-shuttered plants. For example, Nexteer Automotive Corp., Auburn Hills, Mich., makes electric and hydraulic power-steering systems and other gear for GM, and several other automakers. The supplier company has warned its employees it […]

Female Artists Made Little Progress in Museums Since 2008, Survey Finds

Over the past decade, there has been a sense in the art world that gender equity was on the horizon: Emerging female artists were landing high-profile solo shows, museums were staging women-themed exhibitions, grants were being awarded to boost female artists, and long-neglected artists were being given overdue recognition. This assumption of progress is being […]

The Bolsheviks Even Want To Tax Your Toaster Oven…

Authored by Simon Black via, In a concept paper called “Treat Wealth Like Wages”, the ranking member of the US Senate Finance Committee laid out a plan late last week to radically overhaul the tax code in a way never before seen. Just as you’d expect from the title, his central idea is to […]

Shares rise after Fed cut, oil prices jump

NEW YORK (Reuters) – A gauge of global equity performance rose Thursday within 1% of a record high a day after the Federal Reserve cut interest rates but crude prices jumped on concerns the weekend attack on Saudi Arabia’s oil facilities pose supply risks. Iran warned U.S. President Donald Trump against being dragged into all-out […]

FDA Reveals Criminal Probe After 530 People Reported With Vaping-Related Illness

Share to facebook Share to twitter Share to linkedin The number of reported cases was 400 as of September 17, which means the new number reported Thursday⁠—530⁠—is an increase of nearly 33%. PA Images via Getty Images Topline: Federal officials still don’t know the cause of the vaping-related illness that, according to the Centers for […]

Walgreens To Test Drone Delivery With Alphabet’s Wing

A sign sits at the Walgreen’s pharmacy in New York, U.S., on Wednesday, Feb. 17, 2010. Photographer: JB Reed/Bloomberg BLOOMBERG NEWS Calling it a retail pharmacy industry first, Walgreens is partnering with Wing to test “store to door” delivery of products via drone, the companies announced Thursday afternoon. Wing Aviation LLC, an Alphabet company, will begin […]

Leading financial planning organizations agree to promote pro bono work

Sep 19, 2019 @ 11:45 am By Geoffrey Brown, Jon Dauphiné, Kevin Keller and Lauren Schadle In May, the Foundation for Financial Planning, the nation’s only nonprofit charity devoted to providing pro bono financial planning to people in need, convened the first-of-its-kind Nonprofit CEO Summit on Pro Bono Financial Planning to advance and expand pro […]

The Yawning Gap Between Climate Rhetoric and Climate Action

Swedish youth climate activist Greta Thunberg, center in blue, joins other young climate activists Friday for a climate strike outside the White House in Washington, Friday, Sept. 13, 2019. (AP Photo/Susan Walsh) ASSOCIATED PRESS In a report published today, PwC announced that global decarbonization – the rate of reduction in the ratio of carbon dioxide […]

Upbeat data suggest U.S. economy still on moderate growth path

WASHINGTON (Reuters) – The number of Americans filing applications for unemployment benefits increased less than expected last week, pointing to strong labor market conditions that should continue to support an economy growing at a moderate pace. FILE PHOTO: Job seekers line up at TechFair in Los Angeles, California, U.S. March 8, 2018. REUTERS/Monica Almeida/File Photo […]

The Fashion Week Diary of Sandy Liang, Fleece Phenom

Sandy Liang hates Fashion Week. She hates the hype and the parties and the pressure, the murmurings about how so-and-so made an appearance at such-and-such. “But when my show is happening, I’m like, ‘This is all worth it,’” Ms. Liang said. Since the 28-year-old designer launched her namesake label and first collection five years ago, […]

How Can The Media Navigate Digital Turbulence? Learn From Diplomacy

International flags fly outside the Secretariat building at the United Nations (UN) headquarters in New York, U.S., on Friday, April, 27, 2018. Donald Trump seems set on pulling out of the Iran nuclear deal next week, with U.S. officials suggesting © 2018 Bloomberg Finance LP Global diplomacy has taken on a lot of water in […]

Altria Tumbles To 5 Year Low As Mystery Vaping Disease Cases Rise To 530

Altria stock, which already had a disappointing 2019, tumbled to fresh five year lows after the CDC announced during a Thursday briefing that 530 people have fallen ill from the mysterious vaping-related lung ailment that has raised alarms across the U.S., up from 380 “confirmed and probable cases” that the government reported last week. Worse, […]

Military strike against Iran would result in 'all-out war': Zarif

DUBAI (Reuters) – Any U.S. or Saudi military strike against Iran would bring “all-out war”, Tehran said on Thursday, keeping up a drumbeat of warnings to its adversaries after they accused the Islamic Republic of a strike on Saudi oil facilities. FILE PHOTO: Iranian Foreign Minister Javad Zarif attends a news conference in Moscow, Russia, […]

Los Angeles Dodgers Valued At $3.2 Billion In Minority Interest Sale

Share to facebook Share to twitter Share to linkedin Cody Bellinger of the Dodgers hits a solo home run in the eighth inning against the Tampa Bay Rays at Dodger Stadium on September 18, 2019 (Photo by John McCoy/Getty Images) Getty Images The Los Angeles Dodgers have proved to be a smart investment for Guggenheim […]

Trade Conflicts Weigh on Confidence, Posing a Risk to Trump

Economists and business leaders have been warning for months that President Trump’s trade war could damage the economy. The American public increasingly shares those concerns. Consumers have been a bulwark of support for the economy, remaining confident even as hiring has slowed, the manufacturing sector has slumped and financial markets have grown volatile. But cracks […]

Real crunch from Saudi Arabia's oil outage has yet to be felt

LONDON (Reuters) – Saudi Arabia’s ability to avert a global oil supply crunch will only become clear in a few weeks, because for now its crude held in storage can fill the gap and mask the scale of damage to its facilities, traders and analysts say. FILE PHOTO: An Aramco oil tank is seen at […]

Nashville Reality TV Home Gets $1M Price Adjustment

Nashville home of Kristin Cavallari and Jay Cutler Marty Warren: Zeitlin Sotheby’s International Realty If you’re a fan of the E! series Very Cavallari, you’ll likely recognize this Nashville listing. Owned by actress Kristin Cavallari and her husband Jay Cutler, former NFL quarterback, the Mediterranean-influenced mansion served as the setting for much of the reality […]

Facebook CEO Zuckerberg, under fire, seeks to mend fences in Washington

WASHINGTON (Reuters) – Facebook CEO Mark Zuckerberg is meeting with lawmakers on Capitol Hill for a second day on Thursday as part of an effort by the social media giant to mend its reputation as it faces a slew of government investigations. FILE PHOTO: Facebook CEO Mark Zuckerberg testifies before a House Energy and Commerce […]

The Fed Will Restart QE In November: This Is How It Will Do It

One of the reasons for the sharply hawkish response to yesterday’s FOMC meeting – one which saw both the dollar and yields spike – is that as we pointed out yesterday morning, in the hours ahead of Powell’s press conference, Wall Street consensus quickly shifted with many expecting the Fed to announce some form of […]

Warren's wealth tax could create complaince challenges

Senator Elizabeth Warren’s campaign promise to fund social programs by making America’s wealthiest pay a small percentage of their fortune every year could create a costly and difficult compliance system for both the taxpayers and the IRS. [More: Why financial advisers hate Elizabeth Warren] A wealth tax affecting the country’s 75,000 richest households could raise […]

What Does WeWork Debacle Mean For Entrepreneurs?

So that looks like the end of the coworking industry. WeWork’s travails in attempting to go public have shown that the model doesn’t work: coworking spaces are economically unsustainable. It was a nice thought for a few years, but now we’ll all return to being serious adults. Hardly. Coworking is bigger and stronger than WeWork. […]

Airbnb plans stock market splash in 2020

FILE PHOTO: The logos of Airbnb are displayed at an Airbnb event in Tokyo, Japan, June 14, 2018. REUTERS/Issei Kato/File Photo (Reuters) – Home rental giant Airbnb said it plans to list its shares in 2020, making it one of the most high-profile names to tap the stock market next year. ( In a short […]

Activist investor Peltz says GE CEO Culp is doing a good job

FILE PHOTO: Lawrence Culp, chairman and CEO of General Electric (GE) is pictured in this undated handout photo obtained by Reuters October 1, 2018. PRNewsFoto/T. Rowe Price Group, Inc./Handout via REUTERS NEW YORK (Reuters) – Lawrence Culp has held the top job at General Electric (GE.N) for nearly one year and on Thursday one of […]

'Show me the money'; dollar-hungry businesses squeezed in Lebanon

BEIRUT (Reuters) – Cars line up to fill their tanks but the worker at the gas station in Lebanon’s capital city waves them off, standing by the ‘Strike!’ signs. “No fuel today,” he shouts. FILE PHOTO: A gas station closes during a protest against tight supply of dollars in Beirut, Lebanon September 18, 2019. REUTERS/Mohamed […]

How New NBA Salary Cap Projections Affect Bulls

CHICAGO, IL – NOVEMBER 10: John Paxson, General Manager and Michael Reinsdorf of the Chicago Bulls chats before the NBA All-Star 2020 Announcement on November 10, 2017 at the United Center in Chicago, Illinois. NOTE TO USER: User expressly NBAE via Getty Images The Chicago Bulls made some savvy moves with their cap space this […]

Trump Revoking California Emissions Waiver Will Cost Billions, Fracture U.S. Auto Market

The Trump administration formally revoked California’s ability to set its own vehicle emissions standards today, threatening billions in new costs for American consumers, massive emissions increases, and a fractured market for the United States auto industry. Energy Innovation modeling finds that the impacts of the Trump administration’s pending federal fuel economy standards freeze will be […]

FedEx Pilot Arrested In China; Accused Of Illegally Transporting Ammunition

A FedEx pilot was arrested in the southern Chiense city of Guangzhou last week after flying deliveries throughout Asia from the Guangzhou airport, according to the Wall Street Journal.  A FedEx Express airliner at Hong Kong International Airport. Chinese authorities detained a FedEx pilot at the company’s regional hub at China’s Guangzhou airport. PHOTO: ALEXANDER SHCHERBAK/ZUMA PRESS […]

Tech shares lead Wall Street higher; S&P 500 nears record high

(Reuters) – A Microsoft-led rally in technology shares pushed U.S. stock indexes higher on Thursday, a day after the Federal Reserve cut interest rates as expected and left the door open for further monetary intervention. FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., September 18, […]

4 Trends to Watch for in Credit Card Companies

Image by Republica from Pixabay  For credit card companies, little stands in the way of success in online delivery and customer experience. In fact, four major trends are in the cards for the coming months. Some of them could significantly and positively benefit consumers, but others are less promising. RELATED ARTICLE: 4 THINGS SMALL BUSINESS OWNERS SHOULD DO […]

Young People Are Going to Save Us All From Office Life

When Ariel Coleman, 28, quit her last job, as a project manager in the corporate office of a bank, it wasn’t because her new employer offered her a raise, a different role or more seniority. “The work-life balance is just much better,” she said. At her new company, Omfgco, a branding and design firm in […]

I Buy Kegs for the Office. Do I Have to Buy Tampons, Too?

Send questions about the office, money, careers and work-life balance to Include your name and location, even if you want them withheld. Letters may be edited. Tampons or Wine, the Eternal Dilemma I run a small but growing start-up and employ many young female employees. As is standard for the start-up world, we buy […]

Thursday links: human ingenuity

Did you know you can stay up-to-date with all of our posts via our daily e-mail newsletter? Sign up today! Quote of the day “It has never paid to bet against human ingenuity. Stocks are a way to own a piece of the profits, dividends, innovation, collective wisdom, growth and future cash flows of the […]

“Birth Tourism” Boom: How Wealthy Pregnant Chinese Women Pay To Give Birth In US

Via, A Chinese national pleaded guilty yesterday to federal criminal charges for running an Orange County-based “birth tourism” business that catered to wealthy pregnant clients and Chinese government officials, charging them tens of thousands of dollars to help them give birth in the United States so their children would get U.S. citizenship. Dongyuan Li […]

Amazon Accelerates Efforts to Fight Climate Change

WASHINGTON — Amazon committed on Thursday to meeting the goals of the Paris climate agreement 10 years ahead of schedule and be carbon neutral by 2040, in the company’s most ambitious push yet to combat climate change. Jeff Bezos, the company’s chief executive, said that the promises were part of a new effort called the […]

Inside OVO's plan to help shift human history

Stephen Fitzpatrick, CEO and founder of OVO OVO’s Stephen Fitzpatrick wants to deliver the ‘energy company of choice’ for those who want to go zero carbon – but he also has even bigger ambitions I am halfway through an admittedly rather long-winded question about the way in which the next decade is absolutely critical for […]

Trump Sues Manhattan D.A. In Response To Subpoenas

And now a plot twist: with Trump under relentless attack for the past three years to disclose his tax returns, on Thursday morning the president struck back, suing Manhattan District Attorney Cyrus Vance to block an attempt by New York state prosecutors to obtain eight years of the president’s tax returns in a probe of whether […]

Startup links: getting your house in order

Thursdays at Abnormal Returns are all about startup and venture capital links. You can check out last week’s links including a look at why startups often ignore the 65+ aged crowd. Quote of the day “So the lesson for entrepreneurs is that you really need to have your house in order when you go out […]

Walmart’s Chief Executive to Chair the Business Roundtable

Walmart’s chief executive, Doug McMillon, was named chairman of the Business Roundtable trade group. Mr. McMillon replaces Jamie Dimon, chief executive of JPMorgan Chase, and will serve a two-year term starting Jan. 1, the C.E.O. group said on Thursday. A pledge by top C.E.O.s to work for more than shareholders drew criticism in August from […]

Sterilized Workers Seek to Collect Damages Against Dow Chemical in France

PARIS — Decades ago, banana plantations around Central America sprayed a powerful pesticide with a terrible side-effect: It sterilized workers on a massive scale. Thousands of victims have sought compensation ever since from the chemical companies that produced it. Now, some survivors and their families are suing three big chemical makers in France to recover […]

What Makes Someone a Fan?

This article is part of a new series on Visionaries. The New York Times selected people from all over the world who are pushing the boundaries of their fields, from science and technology to culture and sports. The sports world is filled with people whose job is to sell tickets, advertisements, sponsorships, luxury boxes and […]

New Evidence on the Consequences of Gentrification for Children

Yves here. Gentrification is a tricky phenomenon, made worse by too much analysis via anecdote. More empirical work like this is badly needed. By Kacie Dragan, PhD Candidate in Health Policy, Harvard University, Ingrid Gould Ellen, Paulette Goddard Professor of Urban Policy and Planning at NYU Wagner and Sherry Glied, Dean, Robert F. Wagner Graduate […]