David Nivia

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Federal Reserve
Federal Reserve

It's Not All China But China Has Made The US Consumer Vastly Richer, Contrary To Trump's Assertions

It’s entirely true that China has been exporting vast great gobs of manufactures to the United States. Very much more than the people of that country have been buying from Americans. There are those, like the incumbent President, Donald Trump, who insist that this means that America and Americans …

Economics

Michael Kors to close up to 125 stores in the next two years as it focuses on Asia

Luxury brand Michael Kors Holdings plans to close 100 to 125 stores over the next two years as the retailer tries to expand its Asia presence and adjust to an industrywide trend of shoppers buying things online rather than in person.<p>The London-based retailer said Wednesday that it has not yet …

Walmart store workers now powering Walmart.com deliveries

The world's largest retailer continues its e-commerce push with a test program that gets its store employees to make home deliveries of online orders.<p>Crowdsourced delivery is so 2016. Walmart just created something called "associate delivery."<p>For the past few years, a slew of tech titans and …

eCommerce

What the World Got Wrong About the Russian Revolution

Like 1789, when the French Revolution erupted, 1917 has entered the lexicon of world-historical dates all educated citizens are expected to know and …

Political Science

CBS cancels The Great Indoors

CBS apparently no longer wants to be <i>Indoors.</i><p><i>The Great Indoors</i>, a freshman multi-camera sitcom starring Joel McHale, was axed by CBS on Saturday. The …

Human beings can't smell themselves, even when they stink — here's why

Have you ever sat next to a person who lost their sense of smell? Or, at least, you assume so as the eye-watering fragrance wafting from them is so overpowering that the nausea it induces makes you appreciate the subtle scent of a dryer sheet… If so, you might wonder, what causes a person to become …

Atoms

North Korea criticizes China for 'dancing to the tune of the US'

The North warned that China was testing its patience and that such actions would trigger "grave" consequences.<p>"China should no longer try to test the limits of the DPRK's patience," the commentary warned, referring to the North by its official name, the Democratic People's Republic of Korea. "China …

North Korea

30% of Malls Will Shut Down During the Next Recession, Real Estate Expert Says

Fueled in part by booming e-commerce business<p>As e-commerce has boomed in recent years, traditional retailers have taken a hit: Last month the New …

Real Estate

Wal-Mart and Starbucks Are Trying to Think Like Start-Ups

When a company moves from being a start-up to becoming a more mature operation, it often loses some of what made it great in the first place.<p>Once infrastructure, systems, and layers of management have been put in place, it becomes more difficult to charge forward, sometimes simply because it's …

Donald Trump

TRUMP: 'I want to cut the hell out of taxes'

"I want to cut the hell out of taxes," Trump said at a rally in Nashville, Tennessee on Wednesday evening. "But, but before I can do that, I would've loved to have put it first I'll be honest, there's one more very important thing that we have to do. And we are going to repeal and replace horrible …

Donald Trump

A man who flew around the world for 3 months on less than $1,000 shares his best advice to save a fortune on airfare

After retiring at age 34, Brandon traveled around the world for three months, visiting 14 countries on four different continents — and he paid only $947.91 for his flights.<p>What's his secret to traveling so cheaply?<p>Frequent flyer miles, scored through free credit card signup bonuses.<p>Brandon, who …

Personal Finance
North Korea

A Quarter of the World’s GDP Is Undergoing Big Experiments

Radical. That’s probably the single adjective that best covers the disparate economic policies being pursued in Asia’s three largest economies. In …

Economy

Bad roads mean FedEx burns through tires twice as fast

That means your tire wear is probably increasing, too.<p>Roads are not cheap to maintain. But bad roads have financial ramifications, too -- they're just pushed onto another party.<p>Fred Smith, CEO of FedEx, sat down with members of the House Transportation and Infrastructure Committee to discuss the …

Roads

Wanted: An Eraser for Everything You've Ever Regretted Putting Online

Wanted: Some sort of digital soap and water to wipe away every photo, post and email we regret sending into the abyss of the internet.<p>Sure, there's the basic recall function on some email accounts that allows you to take back a message, but only if you act fast. But what if there were some big …

Pew Research Center

US woman killed by superbug resistant to every available antibiotic

A woman in Nevada has been killed by a superbug that proved resistant to every antibiotic available in the US, the Centers for Disease Control and Prevention (CDC) has said.<p>The woman’s condition was deemed incurable, and 26 different antibiotics were tested in vain before she died in September.<p>She …

A day without murder: no one is killed in El Salvador for first time in two years

One of the world’s deadliest countries recorded on Thursday as the first day without a single homicide since January 2015<p>El Salvador, one of the world’s deadliest countries, has recorded a rare day without a single homicide.<p>The national civil police commissioner, Howard, Cotto said on Thursday that …

Latin America

A $15 Minimum Wage Is Not the Best Way to Help Poor Workers

Around the country, the Fight for $15 campaign continues to advocate for minimum wages of $15. Several states and large cities, including Seattle, …

Economics

The first Amazon PrimeAir drone delivery landed 13 minutes after the order was placed

A future where we can press a button, or tell a one-foot cylinder to order whatever we’re running low on, and have a flying robot deliver it faster than Domino’s can deliver a pizza is slowly coming into view.<p>Amazon CEO Jeff Bezos announced today that the company had completed its first fully …

Customers

Mexico just approved a major change to its drug policy

The bill, part of a proposal that President Enrique Pena Nieto submitted to Congress earlier this year, must also be passed by Mexico's lower house to become law.<p>The measure passed 98-7.<p>Since a court ruling last year, the government has allowed the importation on a case-by-case basis of medicine …

Cannabis

Canada lags behind Mexico in exports to the US

<b>Canada is slipping behind Mexico as top exporter to the United States.</b><p>The US Commerce Department released new trade statistics this month that show the US imported $245bn (£194bn) in goods from Mexico in the first 10 months of 2016.<p>The US imported $230bn (£182bn) worth of goods from Canada over …

General Motors

Saudi Arabia's Non-Oil Business Sector Spikes In November

There’s little secret that Saudi Arabia has been struggling lately. As oil markets spun out of control over the past two years amid record high oil production and correspondingly high global oil inventory levels and low prices, the kingdom’s finances took a beating.<p>Saudi Arabia has run record high …

Oil

Chinese yuan still a strong currency, should stabilize: central banker | Reuters

BEIJING (Reuters) - Current conditions point to a stabilization of China’s yuan after a volatile recent performance against the U.S. dollar, a central bank vice governor said on Sunday, adding that the currency remains strong.<p>100 Yuan notes are seen in this illustration picture in Beijing November …

Economics

How to Play a Possible Fed Rate Hike

Peter Tchir, Brean Capital's head of macro strategy, discusses the outlook for Fed policy and his investment strategy with Bloomberg's Ramy Inocencio …

Markets

Russia is hoarding gold at an alarming pace

The <i>60 Minutes</i> piece was sobering. It showed eye-catching imagery of B-52 bombers and ballistic missile submarines, along with informed narration by veteran defense reporter David Martin. It also included rare interviews with senior U.S. military officers who run the nuclear complex. All in all, the …

Russia