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Economic news

These poll results may spell serious trouble for Bitcoin in 2020 - CryptoSlate

A recent poll conducted by a crypto-focused economist may spell trouble for what’s to come next for Bitcoin (BTC) in the rest of 2020.

China's economic growth hits 30-year low - BBC News

The world's second largest economy has seen weak domestic demand amid a trade war with the US.
https://www.facebook.com/bbcnews

Alphabet joins the trillion dollar club alongside Apple, Amazon, Microsoft - The Next Web

At last: Google's parent company, Alphabet, is now the fourth company in the US As to attain a market value of more than $1 trillion, after Apple, Amazon, and Microsoft. The company ...
Abhimanyu Ghoshal

Exclusive: Temasek, Trustbridge target majority stake in WeWork China at $1 billion valuation – sources - Reuters

Temasek Holdings and Trustbridge Partners have held talks with WeWork China over increasing their stake in the China branch of the troubled co-working startup to take majority ownership, three people familiar with the matter told Reuters.
Yingzhi Yang

Microsoft plans to erase its entire carbon footprint since 1975 founding - CBS News

Company promises to cut its emissions via reforestation, soil management and, eventually, high-tech carbon capture.
Irina Ivanova

Starbucks announces push to open more stores in lower-income communities - Fox News

Starbucks has a point to prove: There’s more to the company than selling $4 lattes to rich people.
Frank Miles

Judge halts California labor law as it relates to truckers - KCRA Sacramento

A federal judge on Thursday indefinitely blocked a new California labor law from applying to more than 70,000 independent truckers, deciding that it is preempted by federal rules on interstate commerce.

Chip and Joanna Gaines' Magnolia network to debut on Oct. 4 - WCTI12.com

PASADENA, Calif. (AP) — Chip and Joanna Gaines' new Magnolia cable network will debut on Oct. 4, with a dozen shows currently in production. It's a joint venture with the Discovery network, whose president, Allison Page, told a TV critics meeting Thursd…
Associated Press

Hit by Sagging US Sales, Tesla Goes Full-China with Design Center, Factory & Loans - WOLF STREET

This move to China makes sense for a niche automaker struggling mightily in the US. But headwinds in China are even stronger than in the US.

Trump to Nominate a Critic and an Insider to the Fed Board - The New York Times

The president formally announced that he would nominate Judy Shelton and Christopher Waller to the Federal Reserve’s seven-person Board of Governors.
Jeanna Smialek

Dow Jones Futures: Stock Market Rally Keeps Testing Limits; Google Joins Apple, Microsoft In $1 Trillion Club - Investor's Business Daily

Dow Jones futures: The stock market rally keeps testing limits. Google parent Alphabet hit a $1 trillion market cap, joining Apple and Microsoft.
Investor's Business Daily

U.S. Treasury to begin selling new 20-year bond to help finance record deficits - CBS News

The new offering between 10-year and 30-year bonds could help finance U.S.'s enormous $1 trillion annual deficits.
CBS News

Trump administration says no more computers in economic data lockups - CNN

Economic journalists will no longer be able to bring their electronic devices --including their laptops --- when they arrive early at the Labor Department to write stories on the country's employment and other data. Instead, they'll be returning to a pre-Int…
Donna Borak, CNN Business

Visa And Plaid: A Marriage Made In Heaven - Seeking Alpha

I have been a Visa and Mastercard investor for years.Visa announced its decision to acquire Plaid.Plaid is a company used by more than 200 million people. Most have never heard about it.
Crispus Nyaga

Asia shares trade higher with all eyes on upcoming China GDP data - CNBC

Markets in Asia traded higher on Friday as China's GDP numbers largely met analyst expectations.
Weizhen Tan

Arnold girl, 6, aims to sell 4K boxes of Girl Scout Cookies - TribLIVE

Stella VanWhy is one determined Daisy. The 6-year-old Arnold girl told her troop co-leader she was going to sell 2,020 boxes of Girl Scout Cookies so she could pay for Girl Scout camp this summer, said Alicia Phillips, Stella’s mom. “That’s what I want to do …
Brian C Rittmeyer

Local News Pier 1 closing most Central Coast locations KSBY Staff 3:02 PM, Jan 16 - KSBY San Luis Obispo News

Three of four Central Coast Pier 1 locations are among hundreds of stores the company plans to close this year.
https://www.ksby.com/ksby-staff

Gap cancels plan to spin off Old Navy, citing 'cost and complexity' - Business Insider

Interim CEO Robert Fisher said the process of spinning off Old Navy shone a "bright light on operational inefficiencies and areas for improvement."
Bethany Biron

Two Reasons Why Oil Prices Rose Today - OilPrice.com

Oil prices were trading slightly higher on Thursday as markets responded positively to the Phase 1 trade deal between the U.S. and China
Julianne Geiger

Jeff Bezos, Lauren Sanchez make red carpet debut - Fox News

After months of being spotted together in public, Amazon CEO Jeff Bezos and Lauren Sanchez have made their red carpet debut as a couple.
Nate Day