Chicago mayor rejects Uber’s alternative tax proposal
Chicago’s mayor on Wednesday rejected an alternative proposal by Uber Technologies Inc to tax ride-hailing services, accusing the company of trying to resist any type of regulation by stirring up racial tensions.
Google Pay to offer checking accounts through Citi, Stanford Federal
Alphabet Inc’s Google said on Wednesday it will offer personal checking accounts next year through its Google Pay app, initially in partnership with Citigroup Inc and a small credit union at Stanford University.
Fed’s Powell takes old-school view on U.S. borrowing capacity
Federal Reserve Chair Jerome Powell likes to avoid any hint of politics in his public statements, but in a seemingly non-controversial response to a question about U.S. government borrowing on Wednesday, he weighed in on one of the core issues in the p…
J&J blockbuster loses ground to biosimilars despite Quebec court ruling
Johnson & Johnson’s Remicade, a blockbuster drug that treats autoimmune disorders, has steadily lost market share among patients enrolled in the Canadian province of Quebec’s public drug program, even after a court ruling reinstated full coverage in January, a Reuters analysis of government data shows.
Black student loan borrowers are defaulting at nearly twice the rate of whites: NY Fed
Student loan borrowers from mostly black neighborhoods are almost twice as likely to default on their debt as borrowers from neighborhoods that are mostly white, according to research released Wednesday by the Federal Reserve Bank of New York.
Shares, bond yields slip on sour trade deal sentiment
Global equity markets and government bond yields fell on Wednesday on growing doubts that a U.S.-China trade deal can be reached soon and fears that unrest in Hong Kong may lead to a Chinese crackdown.
S&P wobbles on fresh trade uncertainty; Disney lifts Dow
The S&P 500 and Nasdaq stock indexes slipped on Wednesday on fresh uncertainty over U.S.-China trade relations, while a jump in Walt Disney shares boosted the Dow.
Trade talks between U.S. and China ‘hit a snag’ over farm purchases: WSJ
U.S.-China trade negotiations have ‘hit a snag’ over farm purchases, with China not wanting a deal that looks one-sided in the favor of the United States, the Wall Street Journal reported https://on.wsj.com/2CEYDR7 on Wednesday, citing people familiar …
Google Pay to offer checking accounts through Citi, Stanford Federal next year
Alphabet Inc’s Google said on Wednesday it will offer personal checking accounts next year through its Google Pay app in partnership with Citigroup Inc and a small credit union at Stanford University.
United Auto Workers union unveils ethics reforms after U.S. corruption probe
The United Auto Workers (UAW) on Wednesday announced a series of ethics reforms in answer to a spreading U.S. federal corruption probe that has resulted in charges or convictions for a number of former leaders of the union.
