Business

Harley-Davidson likely isn’t the last American company to say it’s moving some operations overseas because of retaliatory tariffs, said Gary Locke, former U.S. ambassador to China. “You’ll see many more U.S. companies doing that because many countries all around the world are imposing tariffs on American-made products and services,” said he told CNBC’s “Power Lunch.”
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American consumers waste 133 billion pounds of food every year. Not only would this wasted food help feed families struggling with hunger, food waste accounts for 27 percent of landfills, and contribute to methane emissions. About $218 billion dollars per year is spent on the production, transportation and removal of uneaten food, according to data
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The space industry is valued at over $350 billion but Morgan Stanley is telling its clients to pay attention to a market that could grow very quickly, as the firm said it expects “significant development” from space ventures. “Some investors struggle to understand the investment significance of space,” Morgan Stanley analysts wrote in a note
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Police in Tempe, Arizona said evidence showed the “safety” driver behind the wheel of a self-driving Uber was distracted and streaming a television show on her phone right up until about the time of a fatal accident in March, deeming the crash that rocked the nascent industry “entirely avoidable.” A 318-page report from the Tempe
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A Boston-based consumer watchdog group has warned of the dangers to children of water balloon slingshots, lawn darts and other summer toys. Those playthings top a list of 10 questionable toys issued Thursday by World Against Toys Causing Harm, better known by its acronym, W.A.T.C.H. Others include low-riding wheeled toys; swimming pools; all-terrain vehicles; toys
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The Disney–Comcast bidding war for Twenty-First Century Fox’s movie and television assets will continue until the bid is around $40 to $45 a share, media expert Porter Bibb told CNBC. And Disney will end up the winner, said Bibb, managing partner at Mediatech Capital Partners. “Disney is the future,” Bibb said on “Power Lunch” Wednesday.
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The Senate easily passed a military funding bill that would reimpose sanctions on Chinese telecommunications company ZTE, challenging a controversial deal negotiated by the Trump administration to save the company from possible bankruptcy. The Senate version of the National Defense Authorization Act, or NDAA, passed with 85 votes in favor and just 10 against. The
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Taiwanese electronics manufacturer Foxconn said it would establish its North American corporate headquarters in Milwaukee, Wisconsin, following the purchase of a building in the city’s downtown area. In a statement, Foxconn said more than 500 people would work at the seven-story building in downtown Milwaukee. The announcement comes almost a year after the company disclosed
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A company run by former officials at Cambridge Analytica, the political consulting firm brought down by a scandal over how it obtained Facebook users’ private data, has quietly been working for President Donald Trump‘s 2020 re-election effort, The Associated Press has learned. The AP confirmed that at least four former Cambridge Analytica employees are affiliated
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