Archive for August 28th, 2017

With Amazon.com Inc. invading its space, there may not be a place for Best Buy Co. Inc. 

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Hurricane Harvey will hit the restaurant industry hard even after the storm passes.

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I want you to know, this is my view. I want tariffs. And I want someone to bring me some tariffs I know there are some globalists in the room right now. And they don’t want them, John, they don’t want the tariffs. But I’m telling you, I want tariffs.” President Trump, speaking to his new chief of staff at an Oval Office meeting about trade and taxes on imports, as reported by Jonathan Swan of Axios.
The most charitable view of this is that Trump or his allies are leaking it as a bluff, to strengthen their hand in trade negotiations with Mexico and China. In this view, the…

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The consensus narrative from the Jackson Hole Symposium was the Yellen and Draghi used their speeches to argue against dismantling financial regulation and the drift toward protectionism. Many cast this as a push against US President Trump, but this may be too narrow understanding.
Many investors were looking for policy clues, but these were not forthcoming. The December Fed funds futures contract was unchanged, underscoring that although the dollar sold off hard, it was not due to altered Fed views. The OIS did move Europe before the weekend, and it was in the direction of…

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An increasing number of public officials seem to have their head stuck in the Cloud, trying to cajole Silicon Valley companies into locating data storage facilities in their localities. Unfortunately, the brand-name new economy companies come bearing just a handful of jobs and a hand stuck deep in taxpayers pockets.
Marquee-name companies like Apple, Amazon and Google leverage their prestige and cutting-edge reputation to prompt a virtual war among the states, with governments shoveling billions of dollars of subsidies their way. The people of the cities and states that put up the cash and…

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Amazons purchase of high-end grocery retailer Whole Foods was approved last week. That the federal government had any role at all in the combination of two private companies is on its own an offense to common sense. Government barriers erected to mergers trample on property rights, restrain economic progress for crucial information about the good or bad of tie-ups needlessly reaching markets late, plus readers must consider the unseen: the economic activity not taking place thanks to the forced duplication of effort that is an effect of antitrust.
But this is a column about the Federal…

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Hurricane Harvey’s second act across southern Texas is turning into an economic catastrophe — with damages likely to stretch into tens of billions of dollars and an unusually large share of victims lacking adequate insurance, according to early estimates.

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The entire auto-sales industry will feel the impact of the storm that continues to inundate the Houston area.

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<p>A hurricane in the heart of the U.S. energy industry is set to curtail near-record U.S. oil production for several weeks, with the impact expected to reverberate throughout the country and across international energy markets.</p>

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Last year, Jim Brown and other home builders around Atlanta could get a good framing crew at a rate of $3.25 per square foot. This year, the few framers they can find demand, and get, almost double that.

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Apple has scheduled a product announcement event on Sept. 12, according to people briefed on its plans, reinforcing expectations that the company will release new iPhones and a smartwatch ahead of the holiday season.

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Amazon.com Inc. spent its first day as the owner of a brick-and-mortar grocery chain cutting prices at Whole Foods Market.

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