Money

Jimmy Choo (the company) is now on sale

Cole Haan updates its shoes with high-tech designs It’s the ultimate Jimmy Choo sale. The luxury shoe company announced Monday that it’s putting itself up for sale and looking for buyers. Shares in the London-traded firm surged by as much as 10% after the announcement to hit a record high. However, the firm noted that no potential buyers have stepped forward yet. Shares have been on a bumpy ride since the company’s initial public offering in 2014. They hit a record low in June 2016 at less than £1. The ...

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Shoah Foundation is using technology to preserve Holocaust survivor stories

Remembering the Holocaust: A conversation with a digital survivor I’ve done a lot of interviews as a reporter, but none like the conversation I had with Pinchas Gutter. Gutter is an 85-year-old Holocaust survivor who lives in Toronto — and I spoke with a digital version of him. Gutter was the first to participate in a new format being pioneered by the USC Shoah Foundation. He sat in 2014 for more than 20 hours of interviews, recorded by 116 cameras, and answered about 1,500 questions. His responses formed a database ...

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Trump relies on magic wand of growth to pay for tax cuts

Treasury Secretary Mnuchin: Tax reform coming ‘very soon’ With time running out on his first 100 days in office and no success yet on the Obamacare repeal he promised, President Trump seems eager to turn attention to one of his favorite topics: Tax cuts. On Twitter this weekend, he promised “Big TAX REFORM AND TAX REDUCTION will be announced next Wednesday.” Of course, big tax cuts can create big deficits unless other measures are taken to offset the revenue loss. This apparently will not be a problem with Trump’s plan. ...

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Euro jumps as Macron emerges as favorite to lead France

Projections suggest Macron, Le Pen make runoff Investors breathed a sigh of relief after centrist reformer Emmanuel Macron emerged as the front runner to become the next French president. With 96% of polling stations declared in the first round of voting Sunday, the former economics minister and investment banker had won 23.7%, beating far-right leader Marine Le Pen into second place on 21.8%. They will now face off in a second round on May 7. Deutsche Bank’s director of foreign exchange strategy Sebastien Galy dubbed the outcome of Sunday’s vote ...

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Why there was an anti-Elon Musk ad in your Sunday paper

Elon Musk in 90 Seconds A full-page ad in the Sunday editions of the Washington Post and The New York Times urged Tesla CEO Elon Musk to “dump Trump.” The ads were paid for by a startup investor named Doug Derwin. The longtime Silicon Valley resident told CNNMoney he shelled out $ 400,000 to run ads in the Times and the Post, as well as the San Francisco Chronicle and the San Jose Mercury News. It’s the latest step in Derwin’s $ 1 million bid to convince Musk he’s failing ...

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Ex-Tesla exec aims to outdo Tesla

Lucid Motors wants to beat Tesla at its own game At Tesla, Peter Rawlinson helped design the Model S — the car that put Tesla on the map. Now Rawlinson is betting that he can outdo his ex-employer with a different — and better — electric car: the Lucid Air. “The world market for luxury vehicles is worth a hundred billion dollars a year,” Rawlinson said. And the industry is moving toward electric drive, he said. “At the moment, Tesla(TSLA) is effectively without a competitor in that marketplace.” It will ...

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CNN's Alisyn Camerota: Roger Ailes sexually harassed me

CNN’s Alisyn Camerota: Roger Ailes sexually harassed me For a long time Alisyn Camerota was reluctant to describe the dark side of working at Fox News. She respects many of her former colleagues. She has close friends who work there. But she perceives that something has changed now that the channel’s CEO Roger Ailes and biggest star Bill O’Reilly have been ousted by the Murdoch family. “It feels as though, if I take the Murdochs at their word, they really want to know what was wrong there and what the ...

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Tech earnings; Ivanka Trump meets with Merkel; Trump's 100th day

Trump signs ‘Buy American, Hire American’ order 1. Tech earnings: On Wednesday and Thursday, a slew of tech companies will release their quarterly earnings reports. Twitter comes on Wednesday, followed by Google, Microsoft and Amazon on Thursday. Twitter is an especially interesting stock to watch this week. The social media focused company is trading close to its all time low and it continues to feel the pressure of competitors like Facebook(FB, Tech30) and Snap(SNAP). Meanwhile, investors have been excited about Microsoft. Its ability to monetize cloud computing services has pushed ...

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Where Apple stands in its quest for 100% clean energy

5 stunning Apple stats Apple is producing more than 200 million electronic devices each year. And making all those iPhones, MacBooks and tablets takes an enormous amount of energy. That’s why it’s a big deal when Apple(AAPL, Tech30) says it wants to be the greenest company on Earth. The company launched a massive clean energy program in October 2015. The goal was to convert all of its energy use in China to clean power sources. Apple clobbered past that goal and is now working toward 100% renewable energy worldwide. “In ...

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Stores are closing at an epic pace

America’s top retailers in trouble This week it was Bebe. Last month it was Staples. In February it was JCPenney. Stores are closing at an epic pace. In fact, the retail industry could suffer far more store closures this year than ever. Brokerage firm Credit Suisse said in a research report released earlier this month that it’s possible more than 8,600 brick-and-mortar stores will close their doors in 2017. For comparison, the report says 2,056 stores closed down in 2016 and 5,077 were shuttered in 2015. The worst year on ...

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