By WSJ Tues., March 19, 2019 This is the web version of the WSJ’s newsletter on the economy. You can sign up for daily delivery here. Good morning. Jeff Sparshott here to take you through key developments in the global economy. Send us your questions, comments and suggestions by replying to this email. IT'S A TRAP! U.S. semiconductor companies want no part of any trade deal that calls for stepped-up purchases from China. Washington has pressed Beijing to buy more than $1 trillion in U.S. goods and services as part of an agreement, and China has offered to buy $30 billion of U.S. chips over six years. But U.S. chip makers have told President Trump’s administration not to include them, Bob Davis reports. Why? Because U.S. production costs are so high, mandatory-purchase quotas would essentially force U.S. chip makers to open new factories in China and give Beijing bureaucrats more sway over the U.S. firms. That would benefit Chinese … [Read more...] about Real Time Economics: Market Forces vs. Government Fiat
1 billion vs 1 trillion
By Megan Henney Published February 05, 2019 Amazon FOXBusiness Facebook Twitter Comments Print video Amazon employees purchased NYC real estate before HQ2 announcement Stoltmann Law Offices principal Andrew Stoltmann on whether Amazon employees should be punished for buying real estate in Long Island City before the company announced that it would be moving its second headquarters’ there. The future of Amazon’s planned New York City expansion could be in limbo, thanks to a brewing fight between Gov. Andrew Cuomo and the newly Democratic-controlled State Senate. Continue Reading Below On Monday, the new Democratic majority in the state Senate selected Sen. Michael Gianaris of Queens, a noted critic of the clandestine, $3 billion Amazon deal, to the Public Authorities Control Board, which could be the deciding force behind the development plan for Amazon. And if it's presented with the plan, will have the power to veto it, as … [Read more...] about Amazon vs. New York: State, city officials amp up criticism of HQ2
Breaking News Emails Get breaking news alerts and special reports. The news and stories that matter, delivered weekday mornings. SUBSCRIBE Feb. 4, 2019, 3:40 PM GMT By Herb Weisbaum Hackers stole nearly 447 million consumer records containing sensitive personal information last year, according to the 2018 End-of-Year Data Breach Report from the Identity Theft Resource Center. That’s a jump of 126 percent from 2017 (when roughly 198 million sensitive records were stolen) and a new record for the number of compromised files in a single year. “Data breaches are now a normal, everyday occurrence," the report concluded. While the number of U.S. data breaches dropped 23 percent from last year’s high (1,244 vs. 1,632), that’s nothing to cheer about. If breaches are down, but more records are stolen, that’s a serious problem, said Eva Casey-Velasquez, ITRC’s president and CEO. “This is telling us that we are creating a system and processes … [Read more...] about You’ve been breached: Hackers stole nearly half a billion personal records in 2018
By Jonathan Lansner | [email protected] | Orange County Register PUBLISHED: February 1, 2019 at 7:30 am | UPDATED: February 1, 2019 at 7:31 am It’s a match-up of two “super” economies. Los Angeles vs. New England (aka Boston) are indeed American heavyweights. Their metropolitan areas rank No. 2 and No. 10 nationally in population, respectively, and they’re both home to dynamic industries creating cutting-edge products and services. (Oh, I hear they do have excellent football teams, too!) So, who might be crowned business champ in head-to-head competition? Amid Super Bowl fever, I tossed into my trusty spreadsheet various bits of government data plus stats from Experian, National Association of Homebuilders, CoreLogic, Gallup, PwC, St. Louis Fed, AAA and Rentonomics, creating two dozen yardsticks of recent economic performance for these two metropolitan areas. Then we sized up which region had more business muscle! We kick off by comparing how friendly … [Read more...] about Los Angeles vs. New England: Who’s got a more ‘super’ economy?
The future of ecommerce, no matter the platform, is rock solid. Jacky Chou Published 8:00 am CST, Tuesday, January 22, 2019 Photo: Guillaume Payen | Getty Images Photo: Guillaume Payen | Getty Images Image 1 of / 1 Caption Close Image 1 of 1 Photo: Guillaume Payen | Getty Images Amazon vs. eBay: The Future of Online Shopping 1 / 1 Back to Gallery With easy availability of nearly every product in the world, online shopping has made the lives of millions of people more convenient than ever. Previous generations depended on catalogs to order and purchase things you couldn’t grow on a rural farm, and now many of us depend on online shopping to keep up with our busy lives both at … [Read more...] about Amazon vs. eBay: The Future of Online Shopping