Money

The Xi Jinping economy: What's next for China?

Jack Ma: ‘It’s not made in China, it’s made on the internet’ Chinese President Xi Jinping is aiming to show the world’s second largest economy who’s boss. The country’s top leaders are gathered in Beijing this week for the National Congress of the ruling Communist Party, an event that takes place just twice a decade and is the peak of China’s political calendar. For Xi, it’s a chance to tighten his already strong grip on power as he prepares for a second five-year term. During his first five years, he ...

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Twitter's plan to police hate speech and symbols

Rose McGowan blocked on Twitter Days after Twitter CEO Jack Dorsey promised there would be more aggressive rules coming to Twitter, the company outlined its policy changes in an email to its Trust & Safety Council on Tuesday. The email, first reported on by Wired and obtained by CNN Tech, details where the policy updates stand — including plans to treat hateful imagery and hate symbols on the platform as “sensitive media.” As with adult content and graphic violence on the platform, the content will be blurred and individuals will ...

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Miramax insider: 'Everybody' knew about Weinstein's behavior

[unable to retrieve full-text content] Screenwriter Scott Rosenberg, who enjoyed the spoils of being part of Harvey Weinstein’s inner circle during what he called “the Golden Age” of Miramax, has apologized for turning a blind eye to Weinstein’s behavior towards women, though he admits it was something of an open secret. Latest financial news – CNNMoney.com

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Market strategist Marc Faber under fire for racist remarks

Comments made by Swiss investment adviser Marc Faber about race triggered a swift backlash. Faber, who is well known for his market pessimism and often referred to as “Dr. Doom,” said in the October edition of his “Gloom, Boom & Doom Report” that it’s a good thing white people colonized America. “Thank God white people populated America, and not the blacks,” he wrote. “Otherwise, the US would look like Zimbabwe, which it might look like one day anyway, but at least America enjoyed 200 years in the economic and political ...

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Harvey Weinstein off Weinstein Company board of directors

Harvey Weinstein expelled from Motion Picture Academy Harvey Weinstein is off the Weinstein Company board of directors. The departure foreshadows further changes at the crippled movie and TV studio. According to a source involved in the matter, Weinstein “resigned” from his position on the board during a Tuesday morning board of directors meeting. No further information could immediately be gleaned about the meeting. Spokespeople for the board members did not respond to requests for comment. TMZ had reported earlier in the day that Weinstein was “about to be fired from ...

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Over 50 and a woman? Better get saving for retirement

The steady path to a dream retirement Women who hit 50 without any retirement savings may have to stash away half their paychecks if they want their golden years to be comfortable. The average 50-year old single female New Yorker has to start saving 49% of income to afford a comfortable retirement in the city, according to a new study by UBS. The Swiss bank’s report, published Tuesday, calculated how much the average 50-year old woman would have to put aside, on top of mandatory retirement saving programs, in major ...

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Time to resurrect First Boston?

Why banks are looking to spy movies for answers Could First Boston make a comeback on Wall Street? Credit Suisse, which took control of the American bank in the 1980s, is facing calls to overhaul its business. According to reports, that could include spinning off a resurrected First Boston. RBR Capital Advisors, a boutique Swiss hedge fund, confirmed Tuesday that it’s pressing Credit Suisse(CS) to shake up its strategy. The Financial Times reported that RBR wants the Swiss bank to break itself up into three separate parts — an investment ...

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Google drones will drop burritos into people's yards in Australia

See Domino’s inaugural pizza drone delivery test Drones bearing piping hot burritos are about to start swooping down on the Australian countryside. At least, that’s the plan for Google affiliate Project Wing, which on Tuesday announced new tests of its drone delivery service with two Australian businesses, a Mexican taqueria chain and a drugstorecompany. It’s not the first time the Project Wing team has used drones to send people burritos. It did that last year with Chipotle at Virginia Tech University, but that was “in an open field, not to ...

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China shuts down billionaire's golf courses

China’s richest man’s Hollywood ambitions It’s a double bogey for Chinese real-estate tycoon Wang Jianlin. Authorities have shut down two high-end golf courses at a resort in northeastern China operated by Wang’s company, Dalian Wanda Group. The closures are the latest case of Chinese government officials cracking down on golf, which has become a symbol of the political corruption against which President Xi Jinping has been waging a massive, high-profile campaign. They also represent a fresh setback for Wanda, which has found parts of its businesses under pressure from authorities ...

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How much could Colin Kaepernick win in his collusion case against the NFL?

Jeffrey Toobin: Collusion is difficult to prove Colin Kaepernick isn’t playing this season, and that’s costing him millions. Kaepernick had started the National Anthem protests that are now roiling the NFL. He hasn’t been signed by a team since. In a grievance filed against the league, he alleges that NFL teams colluded not to sign him due to his controversial protest. Whether he isn’t playing because of his politics or his playing ability is debatable. But the fact is, Kaepernick made $ 14.3 million with the San Francisco 49ers in ...

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