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- IKEA ramps up Mexico launch plans, targets capital and major cities
IKEA is scouting Mexico's biggest cities for its first store locations in the country, the furniture retailer said, as it expands in Latin America to battle growing competition in its core U.S. and European markets. The Swedish chain known for modern and inexpensive designs is looking at sites in Mexico City, Guadalajara and Monterrey, the company's local franchisee said. "We're looking at the biggest cities in Mexico, with those three being the most important," said Antonia Banuelos-Leon, country marketing manager for IKEA Mexico, in an interview on Monday. - Wall Street gives up gains on news of troubled trade talks
The benchmark S&P 500 index ended little changed on Tuesday as investor optimism regarding the Federal Reserve's expected affirmation of its dovish policy stance was offset by reports of fault lines emerging in ongoing U.S.-China trade negotiations. Financial stocks weighed on all three major U.S. stock indexes, which gave up early gains following a Bloomberg report that China is pushing back against American demands in trade talks. The blue-chip Dow snapped a four-day winning streak, while the Nasdaq limped back into positive territory just before the closing bell. - San Francisco officials look to ban sale of e-cigarettes
San Francisco officials on Tuesday proposed legislation that would ban the sale of e-cigarettes from companies such as Juul until a review by the U.S. Food and Drug Administration, as part of the city's efforts to tackle underage vaping. District Supervisor Shamann Walton will also introduce legislation at a meeting of the city's board of supervisors to prohibit the manufacture and distribution of all tobacco products, including e-cigarettes, on city property. A statement from the City Attorney's office said the legislation would prevent e-cigarette company Juul from expanding on city property if engaged in the sale, manufacture and distribution of tobacco products. - Stakes rise for Boeing as EU, Canada step up scrutiny of 737 MAX after crashes
As the U.S. Federal Aviation Administration (FAA) analyses Boeing's plans for a software fix prompted by the first crash five months ago, the European Union's aviation safety agency EASA promised its own deep look at any design improvements. Canada said it would independently certify the 737 MAX in the future, rather than accepting FAA validation. Boeing Co declined to comment. - 6 Steps To Avoid Broker Imposter Scams
Remember to ask and check before trusting any purported professional with your money.
- Divided Supreme Court makes it easier to detain noncitizens with criminal records
The Supreme Court handed the Trump administration a victory by making it easier to detain noncitizens with criminal records.
- Trump rejects idea of expanding U.S. Supreme Court
Trump said he "wouldn't entertain that," when asked about expanding the size of the court at a news conference. "The only reason they're doing that is they want to try to catch up, so if they can't catch up through the ballot box by winning an election they want to try doing it in a different way," the Republican president added, referring to Democrats. Trump has appointed conservative Justices Brett Kavanaugh and Neil Gorsuch to the court since taking office in 2017, cementing its 5-4 conservative majority. - FedEx misses earnings estimates, cuts full-year EPS forecast again
(Reuters) - Package delivery company FedEx Corp missed analysts' estimates for quarterly profit and cut its full-year earnings per share forecast for the second time, citing weaker global trade growth, sending its shares down 5 percent on Tuesday. - Scientists explain why we're just now learning about a giant meteor that exploded over Earth last year
A giant meteor exploded over the Bering Sea in December, the biggest blast believed to have happened since an event in Russia in 2013, says NASA.
- Economy center stage in April election in Canada's Alberta province
Premier Rachel Notley's left-leaning New Democratic Party won a shock victory in traditionally conservative Alberta in 2015, ending 44 years of conservative rule, but inherited a provincial economy rocked by the collapse of global oil prices. Notley was initially an ally of Liberal Prime Minister Justin Trudeau and backed his attempts to please the oil industry and environmentalists by championing export pipelines while also introducing carbon pricing. The relationship soured last year over efforts to expand the Trans Mountain pipeline, prompting Notley to pull her support for Trudeau's carbon plan. - Brazil's Bolsonaro says he will visit China later this year
WASHINGTON (Reuters) - Brazil's President Jair Bolsonaro said on Tuesday that he planned to visit China in the second half of this year. Bolsonaro, who during last year's presidential campaign sharply criticized Chinese investments in Brazil, made the comment in Washington a few hours after he met with U.S. President Donald Trump. (Reporting by Lisandra Paraguassu in Washington; Editing by Phil Berlowitz) - Macklemore gets real about the importance of arts education in schools: 'As a kid, music saved me'
"I’ve equated art to oxygen … it is something that we all need whether we know it or not."
- New Zealand's leader Jacinda Ardern wins plaudits for handling of attacks
Jacinda Ardern told New Zealand's Parliament she would deny fame for the killer by never speaking his name. She suggested others do the same.
- Vitalik Buterin: Ethereum Governance is Currently Underrated
In the most recent episode of Into the Ether, Vitalik Buterin appears to discuss all things Ethereum. One of the subjects that came up was the Ethereum governance model. Eric Conner asked Buterin about on-chain governance models, and his thoughts on how Ethereum’s governance stacks up against them. Current Governance Model Underrated: Vitalik Buterin Buterin says that the current Ethereum governance model works pretty well, considering the problems it has guided the protocol through. I actually think that Ethereum governance is under-rated at this point. Because it’s not something that we can attach a cool name to and advertise. And
- Former House Speaker Paul Ryan joins board of Fox News parent company Fox Corp.
Former House Speaker Paul Ryan was named Tuesday to the board of the new Fox Corp. as the stock was to begin trading as a stand-alone public company. - Former Sen. John McCain's role in Trump dossier intrigue detailed in deposition
David Kramer's testimony in a case connected with the Steele dossier's publication provided new revelations about the late Sen. John McCain's role.
- Trump set to name former Delta executive to head FAA: sources
WASHINGTON (Reuters) - U.S. President Donald Trump is expected nominate former Delta Air Lines executive Steve Dickson to head the Federal Aviation Administration (FAA) as early as Tuesday, two people briefed on the matter said.
- Here's Why Urovant Sciences Got Whacked on "Positive" Clinical Trial Data
As is often the case with drug development, the devil is in the details.
- Exclusive: Lyft's IPO oversubscribed after two days - sources
The development indicates that many investors are willing to overcome uncertainty over Lyft's path to profitability and its strategy for autonomous driving, for fear of missing out on the biggest and most high-profile technology IPO since Snap Inc in 2017. Lyft started its IPO road show on Monday and has spent the last two days meeting with investors in New York, the sources said. It has set an indicative IPO price range of $62 to $68 per share and is set to price the IPO on March 28. - U.S. Stock Rally Fizzles on China Trade Concerns: Markets Wrap
A rally in equities sputtered out after a report that U.S. and Chinese negotiators remain at odds on aspects of their current trade talks. Treasury yields narrowed and Texas crude declined. The S&P 500 Index ended the session little changed Tuesday on word that Trump administration officials are concerned that China is pushing back against U.S. demands.
- 11 of the Best Index Funds to Buy Today
The recent passing of Vanguard founder John Bogle was a great loss for the investment world. Bogle was responsible for introducing index investing to the fund industry, and in the process, he helped millions of Americans reduce their costs and reach their retirement goals sooner.Bogle launched the first index fund in 1976 and lived to see his creations grow to a $4.6 trillion industry as of 2018. Capital continues to pour into indexed products, and Moody's predicts they will grow to represent 50% of the total investment market within five years. This popularity has grown because of index funds' numerous benefits, which include ... * Lower costs. Index funds don't need to employ teams of research analysts or portfolio managers trying to beat the market by constantly trading stocks. As a result, costs are significantly lower than actively managed funds. * Diversification. Index funds often seek to track a broad benchmark and frequently own hundreds if not thousands of different stocks, whereas the typical actively managed fund holds fewer than 100 stocks. The breadth of holdings helps reduce market risk. * Greater transparency. Index funds have a straightforward objective: match the performance of a market benchmark. These products don't suffer "style drift," which occurs when fund managers goose returns by investing in stocks that don't meet the fund's guidelines. * Superior performance. An annual fund-performance report from S&P; Dow Jones Indices showed that in 2018, the majority of actively managed large-cap mutual funds trailed the Standard & Poor's 500-stock index - for the ninth consecutive year.Here are 11 of the best index funds to buy for a variety of financial goals. This list consists mostly of ETFs but includes a few mutual fund options (including mutual fund versions of ETFs). SEE ALSO: The 19 Best ETFs for a Prosperous 2019
- Delaware mayor calls retweet of offensive post about Irish slavery an 'innocent mistake'
The Wilmington mayor's official Twitter account retweeted a trope related to Irish Americans that is popular among white nationalists.
- Trudeau Spends Budget Windfall on ‘Laundry List’ for Voters
Finance Minister Bill Morneau unveiled his fourth fiscal plan Tuesday in Ottawa, announcing C$22.8 billion ($17.1 billion) over six years in new spending funded by a spike in revenue. In a year Trudeau had once promised to have balanced the budget, he’ll instead head into an October election with an annual deficit of nearly C$20 billion. The plan continues the hallmark of Trudeau’s fiscal policy since his 2015 election -- a reluctance to return to balance even in the face of a revenue windfall -- and the approach has supporters and critics.
- Trudeau Spends Budget Windfall on ‘Laundry List’ for Voters
Finance Minister Bill Morneau unveiled his fourth fiscal plan Tuesday in Ottawa, announcing C$22.8 billion ($17.1 billion) over six years in new spending funded by a spike in revenue. In a year Trudeau had once promised to have balanced the budget, he’ll instead head into an October election with an annual deficit of nearly C$20 billion. The plan continues the hallmark of Trudeau’s fiscal policy since his 2015 election -- a reluctance to return to balance even in the face of a revenue windfall -- and the approach has supporters and critics.
- Is cryptocurrency mining decentralised?
Cryptocurrency mining has long been a pastime of many avid cryptocurrency fans. Issues surrounding mining have also become more common in the space, stemming from the rise of big industry players such as Bitmain. With mining not being profitable/possible on your CPU anymore and with mining equipment being rather expensive, is mining even decentralised at all these days? Whilst profits in the cryptocurrency mining space have been reduced in the past year thanks to the collapse of crypto prices, there is still a distinct industry that has arisen since the creation of Bitcoin. You can yourself purchase cryptocurrency miners from companies such as Bitmain, but you must have some capital to make such a purchase as they don’t come cheap. The post Is cryptocurrency mining decentralised? appeared first on Coin Rivet.
- Why Dermira Stock Jumped Again Today
An analyst's upgrade provides another boost to the high-flying biotech stock.
- Here's Why Corbus Pharmaceuticals Is on the Move Today
A presentation reminded investors of the potential in the biotech's endocannabinoid candidates.
- Phibro Animal Solid on Global Prospects, Currency Woes Ail
Phibro Animal (PAHC) has been gaining from strong volume growth in foreign markets. However, adverse currency movements remain a concern.
- Someone just spent $1.4 million to buy a pigeon named Armando
A Belgian website auctioned off a racing pigeon dubbed the 'Lewis Hamilton of pigeons' for a record $1.4 million.
- Croatia's Serbs, Jews to snub WWII death camp memorial
Croatia's Serbs and Jews said Tuesday they would snub for the fourth straight year a commemoration for the victims of the country's notorious World War II death camp saying the authorities tolerate pro-Nazi ideology. The Jasenovac camp, known as Croatia's Auschwitz, was run by the country's Nazi-allied Ustasha regime which persecuted and killed hundreds of thousands of ethnic Serbs, Jews, Roma and anti-fascist Croatians. The commemoration ceremony for the victims is held every April at the site of the camp, some 100 kilometres (60 miles) southeast of Zagreb. - Nebraska underwater: 74 cities, 65 counties declare emergencies as flooding envelops state
Seventy-four cities, 65 counties and four tribal areas in Nebraska declared states of emergency Tuesday as swaths of the Midwest battled flooding rivers.
- Sientra gets FDA warning letter for breast implants, shares fall
The U.S. Food and Drug Administration has issued a warning letter to Sientra Inc for its silicone gel breast implants that were approved by the agency for breast augmentation and reconstruction procedures. The agency's letter, dated March 18, comes after the company failed to comply with the post-approval study requirements, which included evaluating the long-term performance of the implants and following the participants of the study annually for 10 years. Failure to make good the violations may result in the withdrawal of the premarket approval granted to the product, the letter said. - Bitauto Holdings Limited (BITA) Q4 2018 Earnings Conference Call Transcript
BITA earnings call for the period ending December 31, 2018.
- US, Russia divided on Venezuela after talks in Rome
ROME (AP) — Russia and the United States remain split on how to resolve the crisis in Venezuela, officials from both powers said Tuesday after talks in Rome. - Donald Trump: 'I was never a fan of John McCain and I never will be'
President Donald Trump defended his attacks on John McCain, saying he never liked the late senator over differences, including Russia and health care.
- U.S. Midwest's catastrophic floods cause widespread damage
Severe flooding caused by rainfall and melting snow devastated farms and towns in Nebraska and Iowa on Tuesday, leaving at least four people dead and causing hundreds of millions of dollars in damage, with waters yet to crest in parts of the region for several days. The floods inundated stretches of the two farm states along the Missouri River, the longest in waterway in North America. Nearly half of Iowa's counties have been declared disaster areas. - Houston petrochemical fire rages, Texas expands air monitoring
Houston officials and environmental groups raced to expand air monitoring on Tuesday after a raging fire at a Mitsui & Co petrochemical storage site produced billowing acrid smoke that could be seen and smelled miles away. The blaze at Mitsui unit Intercontinental Terminals Co in Deer Park, Texas, burned for a third day after firefighting water pumps broke down for six hours on Monday evening and flames engulfed two more tanks, the company said. The fire began on Sunday when a leaking tank containing volatile naphtha, a fuel used in the production of gasoline, ignited and flames quickly spread to nearby tanks, ITC said. - Donald Trump bashes Democrats over Supreme Court proposals
President Donald Trump says Democratic candidates backing more Supreme Court justices only want more liberals on the bench.
- UN envoy says a 'new Syria' starts with reconciliation
The United Nations envoy for Syria on Tuesday said a solution to the eight-year-long conflict begins with confidence building measures and reconciliation between warring parties. "Path to a new Syria begins with confidence-building and reconciliation," Norwegian diplomat Geir Pedersen said on Twitter. "Syrians need to come together to decide and build (a) future," he said. - Trump forges bond with Brazil's Bolsonaro in White House visit
In a joint news conference in the White House Rose Garden, Trump said he told Bolsonaro he would designate Brazil a major non-NATO ally and possibly go further by supporting a campaign to make Brazil "maybe a NATO ally." Bolsonaro, a former army captain who rode to the presidency with a brash, anti-establishment campaign modeled on Trump's 2016 run, has declared himself an unabashed admirer of the U.S. president and the American way of life. "Brazil and the United States are tied by the guarantee of liberty, respect for the traditional family, the fear of God our creator, against gender identity, political correctness and fake news," Bolsonaro said, touching on themes that have inflamed his critics in Brazil. - Supreme Court: Navy product manufacturers liable for asbestos exposure in sailors' deaths
A divided Supreme Court ruled that manufacturers of equipment used on Navy ships should have warned of asbestos that resulted in two sailors' deaths.
- Doomed jihadists retreat within shrinking Syria bastion
Advancing Kurdish-led forces forced diehard fighters from the Islamic State group out of the main encampment where they had been confined in recent days. The move brought a months-old operation to wipe out the last vestige of IS's once-sprawling proto-state closer to its inevitable outcome but the Syrian Democratic Forces stopped short of declaring the battle over. "This is not a victory announcement, but a significant progress in the fight against Daesh," SDF spokesman Mustefa Bali said, using an Arabic acronym for IS. - Cheapest U.S. ETF Launch Ever: JPMorgan's Strategy in Focus
Learn more about the interesting lineup of JPMorgan ETFs, including some that are cheapest in their categories.
- Oil Stalls as U.S. Is Said to Fear China Pushback in Trade Talks
Futures were little changed at the close in New York after erasing earlier gains as new concerns over the trade talks cast a shadow over the outlook for global growth and demand for crude. “China has been the real driver behind oil demand globally for the last decade and if that is turned off, it is going to make people very nervous,” said Michael Lynch, president of Strategic Energy & Economic Research in Winchester, Massachusetts. Oil has gained about 30 percent this year as the Organization of Petroleum Exporting Countries and its allies reduced production to avert a global glut on the back of record-high U.S. output.
- The powerful meteor that no one saw (except satellites)
A meteor is the luminous phenomenon that results when an asteroid or other celestial body enters the Earth's atmosphere. One of the first researchers to detect the event was Peter Brown, a meteor scientist at the Department of Physics and Astronomy at the University of Western Ontario. - Strategic Acquisitions Bode Well for Masco, Costs Increase
Acquisition strategy and cost-reduction initiatives are helping Masco (MAS) to perform well. However, rising raw material costs are hampering the company's profitability.
- U.S. Sees China Trade Pushback as Trump Touts Progress
Chinese officials have shifted their stance because after agreeing to changes to their intellectual-property policies, they haven’t received assurances from the Trump administration that tariffs imposed on their exports would be lifted, two of the people said on condition of anonymity. Beijing has also stepped back from its initial promises over data protection of pharmaceuticals, didn’t offer details on plans to improve patent linkages, and refused to give ground on data-service issues, one person familiar with the U.S.’s views said. Beijing is trying to bring in wording that would ensure rules in the trade agreement have to comply with Chinese laws, the person added.
- Exclusive: Nancy Pelosi pushes back on Democratic critics of her impeachment stance
Some progressives have "wanted to impeach the president since the day he got elected," House Speaker Nancy Pelosi told USA TODAY.
- USC to deny students connected to cheating scheme class registration, transcripts as their status is frozen
USC says it won't let students currently at the school who may be connected to the nation's college admissions bribery scandal to register for class.
- Dine Brands Sets Foot in Pakistan to Open 19 IHOP Restaurants
Dine Brands (DIN) is all set to open IHOP restaurants in Pakistan with Gerry's Group, boosting its brand presence in Asia-Pacific.