Stay in the know in 60 seconds. Stephen J. Bronner Published 10:20 am CDT, Thursday, August 2, 2018 Photo: Getty Images Image 1of/1 CaptionClose Image 1 of 1 Photo: Getty Images Tesla Loses Money, But Wins Anyway. 3 Things to Know Today. 1 / 1 Back to Gallery Tesla, in its second quarter earnings report, reported $4 billion in sales, but said it lost $717.5 million, about double its loss compared to this quarter last year. But that's -- good news? Its stock soared as the market closed yesterday. Food giant Kraft Heinz has committed to making all of its packaging by recyclable, reusable or compostable by 2025. That means that the iconic Heinz ketchup packet will most likely get a total makeover. Dream job alert! The Wall Street Journal reports that there's been a … [Read more...] about Tesla Loses Money, But Wins Anyway. 3 Things to Know Today.
Money
How to stretch summer job money
Updated 9:06 am CDT, Thursday, August 2, 2018 Photo: AP Image 1of/1 CaptionClose Image 1 of 1 FILE - This April 2017, file photo provided by NerdWallet shows Brianna McGurran, a columnist for personal finance website NerdWallet.com. "Ask Brianna" is a Q&A column for 20-somethings, or anyone else starting out. (NerdWallet via AP, File) less FILE - This April 2017, file photo provided by NerdWallet shows Brianna McGurran, a columnist for personal finance website NerdWallet.com. "Ask Brianna" is a Q&A column for 20-somethings, or anyone else ... more Photo: AP How to stretch summer job money 1 / 1 Back to Gallery Toiling behind the ice cream counter or sweating on the lifeguard stand aren't just rites of passage for college students. You might need summer job money to help cover the ever-rising cost of … [Read more...] about How to stretch summer job money
International money transfers: how to get the best exchange rate and boost your emigration fund
Uprooting and moving abroad is something more than 100,000 Brits do each year, with Australia, America, Spain and France some of the most popular destinations. Doing so involves completing a substantial checklist of tasks, not least of which is figuring out what to do about money. How much to move, what to do about long-term savings, and the right time to move money are all considerations – with the answers depending on how long you plan to move for. Of particular importance is how to get the best deal when you do move money across, as getting it wrong could cost dearly. There are two ways in which a transfer can incur costs: through fees, and through the exchange rate. Banks still dominate the transfer market, but are often expensive. Some charge fees of up to £40, but they make the bulk of their money by adding a hefty margin to the exchange rate. Seeing how much it would cost to use your bank is a good benchmark however. There are then an array of specialist … [Read more...] about International money transfers: how to get the best exchange rate and boost your emigration fund
9th Circuit rules White House can’t withhold money from ‘sanctuary cities’
President Donald Trump’s executive order limiting federal funding to so-called sanctuary cities was ruled unconstitutional by a federal appeals court on Wednesday. The 9th U.S. Circuit Court of Appeals said that federal funding could be withheld only with congressional authorization. The appeals court also noted that the U.S. District Court went too far by blocking the policy nationwide, and sent back the case for “reconsideration and further findings.”Story Continued Below “We conclude that, under the principle of Separation of Powers and in consideration of the Spending Clause, which vests exclusive power to Congress to impose conditions on federal grants, the Executive Branch may not refuse to disperse the federal grants in question without congressional authorization,” a three-member panel of the 9th Circuit said in its 2-to-1 ruling. Trump signed an executive order in January 2017 that dealt with interior immigration enforcement. The 9th Circuit on … [Read more...] about 9th Circuit rules White House can’t withhold money from ‘sanctuary cities’
Luy says he transferred money to US accounts of Napoles
MANILA - Priority Development Assistance Fund (PDAF) scam whistleblower Benhur Luy on Thursday said he sent government funds to US accounts of businesswoman Janet Lim Napoles, who was recently indicted in California for international and domestic money laundering. Luy made the statement during the graft trial of Napoles and former Senator Bong Revilla at the Sandiganbayan 1st Division in connection with the fund diversion scheme. Luy narrated that public funds from Revilla's PDAF supposedly went to implementing agencies while some were sent to the US. "Pinapa-telegraphic po namin sa US sa kaniyang accounts," Luy said during his testimony. (We have [the money] wired to her accounts in the US.) Napoles, as well as her 3 children, brother and sister-in-law, were indicted Tuesday by the US Attorney’s Office in California for supposedly funneling in and out of the US approximately $20 million through a multi-year bribery and fraud scheme in connection with the PDAF scam. … [Read more...] about Luy says he transferred money to US accounts of Napoles