Author: arthursheikin@gmail.com
[ad_1] Facebook Tweet Email Link Fort Collins, Colorado — In his nine years at the Fort Collins, Colorado, police department, Officer Scott Brittingham says he has taken a lot of pride in the process of writing reports after each call for service. But when the department decided to test a tool to speed things up, he was intrigued. Now, a report that might have previously taken him 45 minutes to write takes just 10 minutes. “I was a little bit skeptical, I’m not a big technology person,” Brittingham said in a March interview at the Fort Collins police station for…
[ad_1] Facebook Tweet Email Link The US job market seems to have chugged along for the first half of this year — but the risk is rising that employment growth is running out of steam. The July jobs report, due for release at 8:30 a.m. ET Friday, is expected to show a net gain of 115,000 jobs, which would mark a considerable downshift from June’s 147,000 jobs. The unemployment rate is expected to tick up to 4.2% from 4.1%, according to FactSet consensus estimates. Through June, the US has added between 102,000 and 158,000 jobs per month, Bureau of Labor…
[ad_1] Facebook Tweet Email Link For months President Donald Trump has been slapping higher tariffs on practically every country’s exports to the United States, citing emergency economic powers. Now, just as he’s about to enact a new round of tariffs, a federal appeals court could render them void. Oral arguments are scheduled Thursday for an appeal in a case alleging Trump overstepped his legal authority to impose many of his sweeping tariffs. Five small business owners and 12 Democratic states are arguing that Trump can’t use a law known as the International Emergency Economic Powers Act of 1977 to enact…
[ad_1] Facebook Tweet Email Link New York — President Donald Trump last week suspended a global trade loophole allowing smaller parcels into America duty-free. This closes a backdoor into the United States for Chinese mega-shippers like Shein and Temu, who could potentially pass the cost of those duties down to consumers. Trump eliminated the so-called “de minimis exemption,” which had admitted duty-free shipments of goods worth $800 or less into the United States. Giant e-commerce sites used the loophole when shipping hundreds of millions of packages to US consumers. The administration did away with the exemption for goods coming out…
[ad_1] Facebook Tweet Email Link New York — President Donald Trump’s sweeping tariff regime is generating so much revenue for the federal government that Washington could eventually return some of that windfall to taxpayers. Even though Trump’s historically high tariffs were designed to revive American manufacturing and to help chip away at the national debt, the president sounds open to using tariffs for another purpose: rebate checks. “We’re taking in so much money that we may very well make a dividend to the people of America,” Trump said Tuesday. Although discussions on rebate checks are preliminary and nothing is imminent,…
[ad_1] Facebook Tweet Email Link New York — Eastman Kodak, the 133-year-old photography company, is warning investors thats it might not survive much longer. In its earnings report Monday, the company warned that it doesn’t have “committed financing or available liquidity” to pay its roughly $500 million in upcoming debt obligations. “These conditions raise substantial doubt about the company’s ability to continue as a going concern,” Kodak said in a filing. Kodak aims to conjure up cash by ceasing payments for its retirement pension plan. It also said that it doesn’t expect tariffs to have “material impacts” on its business…
[ad_1] Facebook Tweet Email Link A version of this story appeared in CNN Business’ Nightcap newsletter. To get it in your inbox, sign up for free here. New York — President Donald Trump is doubling down on “debanking” — a once-niche political issue that now appears deeply personal for him. While Trump’s at times rocky professional history with Wall Street banks is well-documented, he aligned himself Tuesday with many of his MAGA supporters who claim they’ve been shut out from mainstream finance, telling CNBC that “the banks discriminated against me very badly, and I was very good to the banks.”…
[ad_1] Facebook Tweet Email Link New York — Hours before President Donald Trump fired former Bureau of Labor Statistics commissioner Erika McEntarfer this month, E.J. Antoni appeared on former White House strategist Steve Bannon’s podcast to discuss the BLS’ monthly jobs report, which showed much-lower-than-expected numbers for July and shockingly steep revisions for May and June. Antoni called McEntarfer “incompetent” for failing to fix data collection and interpretation problems at the BLS that have led to major revisions in recent years. He agreed with Bannon on the solution: A MAGA Republican who “Trump knows and trusts” should be put into…
[ad_1] Facebook Tweet Email Link London — If you want to get away from it all, there can be few places more secluded than Thorne Island. Situated 3 nautical miles off the coast of Pembrokeshire in west Wales, United Kingdom, the private island is home to a 19th century fort. Extending to approximately 2.49 acres, Thorne Island has recently gone up for sale, with the owner seeking offers in excess of £3 million ($4 million), according to the listing on the Strutt & Parker website. The fort’s highlights include a helipad, a covered rooftop bar with a games room and…
[ad_1] Facebook Tweet Email Link New York — President Donald Trump has realigned global trade and American politics, ushering in a new era in which pay-to-play appears to be the new norm, and every interaction is a chance to score some extra cash — even if it means starting a global trade war or demanding a payout from America’s own industries. ICYMI: American chipmakers Nvidia and AMD agreed to pay the US government 15% of their revenues from semiconductor sales to China in exchange for export licenses. It’s an unorthodox (and potentially illegal) arrangement which, at minimum, offers Trump a…