Money

Day 1 of NAFTA talks: 'This agreement has failed'

U.S., Canada and Mexico begin NAFTA negotations President Trump’s trade team didn’t mince words on the first day of trade talks with Canada and Mexico. Leaders from the U.S., Canada and Mexico on Wednesday officially began renegotiating NAFTA, the three-nation trade pact, in Washington. Mexican and Canadian leaders started a press conference on a positive note, touting the advantages of NAFTA and saying the new agreement must work for all three nations. Then, U.S. Trade Representative Robert Lighthizer spoke. He noted that NAFTA has benefited many Americans, such as farmers, ...

Read More »

Six business leaders have quit Trump. Who's next?

The CEOs who quit Trump’s business councils Who’s next? Six business executives have quit President Trump’s council on manufacturing jobs since the violence at a white nationalist rally in Virginia — a sign of escalating fallout from his insistence that both sides are to blame. The latest were two representatives from the AFL-CIO: Richard Trumka, its president, and Thea Lee, an economist. They walked away from Trump after a staggering press conference Tuesday in which he said that “very fine people” were mixed in with neo-Nazis in Charlottesville. “I cannot ...

Read More »

Young Indian engineer leaves Silicon Valley to find success back in India

Trump threatens Indian engineers’ American Dream Each year, tens of thousands of Indian students head to the U.S. in order to get a college degree, find a job and pursue the American Dream. But as India’s economy booms and the U.S. continues to tighten its immigration policies, many of these young Indian professionals are making their way back home instead. Natasha Jain, 28, is one of them. Originally from Ambala in Northern India, she graduated with a master’s degree from Stanford University in 2006, landed a good-paying job in Silicon ...

Read More »

Media show range of emotions after Trump presser

The CEOs who quit Trump’s business councils Reporters waited in the lobby of Trump Tower on Tuesday for vague remarks from President Trump about infrastructure. White House aides tamped down expectations ahead of time: they said the president was not expected to take questions. The reporters and aides were both surprised by what came next. Trump said “both sides” were responsible for the violence in Charlottesville that left three people dead on Saturday, seemingly equating neo-Nazis with anti-racism activists. After the Q&A session, members of the media freely expressed shock, ...

Read More »

Renegotiating NAFTA — in 14 easy steps

NAFTA explained President Trump is one step closer to getting a new trade deal with Canada and Mexico. But he has many, many more steps to go. On Wednesday, Trump’s trade team officially begins renegotiating the North American Free Trade Agreement, the three-nation pact that went into effect in 1994. A new NAFTA will probably take more than a year to enact, and possibly longer, depending on negotiations and political forces in the three countries. Here are the other milestones required by law, according to the Trade Benefits America Coalition, ...

Read More »

AFL-CIO chief leaves Trump's manufacturing council after president's latest remarks

The CEOs who quit Trump’s business councils The head of the AFL-CIO has stepped down from the White House’s manufacturing council after President Trump doubled down on his position that violence in Charlottesville was perpetrated by many sides at a press conference Tuesday. Richard Trumka said in a statement posted on Twitter that he “cannot sit on a council for a President who tolerates bigotry and domestic terrorism,” and called Tuesday’s remarks “the last straw.” The statement was jointly issued by Thea Lee, an economist who previously served as deputy ...

Read More »

Fox News, Daily Caller delete posts encouraging people to drive through protests

Months before a man allegedly turned his vehicle into a weapon and plowed through a group of protesters in Charlottesville, Virginia, an article that made the rounds in conservative media encouraged readers to do something similar. Originally published by The Daily Caller and later syndicated or aggregated by several other websites, including Fox Nation, an offshoot of Fox News’ website, it carried an unsubtle headline: “Here’s A Reel Of Cars Plowing Through Protesters Trying To Block The Road.” Embedded in the article was a minute-and-a-half long video showing one vehicle ...

Read More »

Bannon vs. Murdoch, Breitbart vs. WSJ: The proxy war over Trump

What if the pro-Trump media abandons Trump? Steve Bannon and Rupert Murdoch don’t care much for one another. Bannon, the chief White House strategist and former Breitbart chairman, has long seen Murdoch as a corrupting influence on the president: a globalist who jumped on the Trump bandwagon because he enjoyed the proximity to power. Murdoch, the owner of Fox News and The Wall Street Journal, believes Bannon is toxic, and his extreme “alt-right” worldview detrimental to Trump’s presidency. At a recent dinner, the New York Times reported Monday, Murdoch told ...

Read More »

As Uber stumbles, rivals mobilize abroad

Uber’s global domination crumbles Less than two years after Uber offered its first official ride in San Francisco, the startup turned its focus abroad. Uber CEO Travis Kalanick announced raising $ 32 million in funding in late 2011 — then a large sum for the company — to fuel its expansion across North America and into Europe and Asia. Its first international city, Paris, was announced that same day. Kalanick, not one for mincing words, chalked up the unusually early international push in part to a “sophisticated ‘cloning’ and copycat ...

Read More »

Amazon takes on the corner store with Instant Pickup

Why Amazon is buying Whole Foods Sometimes you need a cold soda, chips, tampons and an Amazon Echo ASAP. Amazon(AMZN, Tech30) is taking on the convenience store with Amazon Instant Pickup, a new service it launched on Tuesday. Instant pickup lets customers order from a limited list of basic supplies and Amazon devices from the app, then pick them up from a nearby pickup locker “within two minutes.” The company is starting with customers often associated with sudden cravings for snacks: college students. Instant Pickup will make use of the ...

Read More »