Fund managers were telling us to take out as much cash from the bank as we could heading into the weekend (crazy things seemed to always happen on the weekends). Our peers in the endowments and foundations world were scrambling to shore up their cash reserves because so many of their holdings were illiquid. Even cash management was an issue as investors were selling anything that wasn’t a short-term U.S. Treasury bond.
”The significant increase in hourly cash wages more than compensates for the phase out of incentive pay and RSUs,” Amazon’s spokesperson said in an emailed statement to CNBC. “We can confirm that all hourly Operations and Customer Service employees will see an increase in their total compensation as a result of this announcement. In addition, because it’s no longer incentive-based, the compensation will be more immediate and predictable.”
By refusing to divest, Trump raised an unprecedented question: How would the most divisive presidency in modern American history affect a company built on the president’s persona? Forbes has been working to answer that question since the moment Trump got elected, interviewing nearly 200 colleagues, partners and industry observers. While the experiment continues to unfold, in real time, the early results are in. Much as he’s trying—and he’s definitely trying—Donald Trump is not getting richer off the presidency. Just the opposite. His net worth, by our calculation, has dropped from $4.5 billion in 2015 to $3.1 billion the last two years, knocking the president 138 spots lower on the Forbes 400.
The World Health Organization, which last week announced that the risk of Ebola's spread over Congo's border was "very high" after cases were confirmed near Uganda, now says the outbreak is at a "critical point." The WHO director-general, Dr. Tedros Adhanom Ghebreyesus, has expressed concern about the virus' spread into inaccessible "red zones" where armed groups have control.
Federal officials also announced a joint research effort, by the departments of Transportation, Labor, Commerce and Health and Human Services, to study the “workforce impacts” of driverless vehicles. Transportation Secretary Elaine Chao said she remains “extremely concerned” about the impact increased automation will have on the nation’s workforce.
To build the thousands—and eventually millions—of cars necessary for Waymo's technology to go mainstream, Waymo is going to want to tightly integrate its sensors and computing hardware into car designs so they can be added during the manufacturing process. This is not only a more efficient method—it's also going to produce higher-quality vehicles.
"We intend to use the additional liquidity from these actions to improve our product offering, provide greater value to our customers, open new stores in new markets, and strategically expand in existing markets where we see the greatest opportunities to serve our customers," he said.
Mattress Firms said in a court filing that it will not conduct typical going-out-of-business sales, where customers might score a deal.
The No.1 Pitfall For Oil Prices (Michael S.)
But, while it is easy to observe the fact that fuel prices have skyrocketed in emerging markets, the hard part is trying to figure out how this impacts demand.
Some of Florida's pristine, white sand beaches have been shuttered because of red tides, which are caused by algae found almost exclusively in the Gulf of Mexico.
The natural phenomenon is deadly to marine life and can irritate people's skin and lead to respiratory problems, especially for people with asthma.
DARPA's program manager for Insect Allies, Blake Bextine, pushed back on the Science article, saying the program is solely for peaceful purposes, has been reviewed by government agencies responsible for agricultural safety and has multiple layers of safeguards built into the research protocols, including total containment of the insects.
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