Business Headlines

  • Trade war with China could lead to recession

    Take a trade war with China, mix in frosty economic relations with Canada and Europe, add in Federal Reserve rate hikes and here's what you get: A recession by 2020. So says Ronald Temple, head of US equity for Lazard Asset Management. He told CNN Business that President Donald Trump's protectionist policies may lead to a deep slowdown in the economy, particularly because these trade skirmishes coincide with rising interest rates. "A recession in the near-term is not inevitable, but the risk of...

    WPLG
  • Former Saudi diplomat called 'pivotal' in Khashoggi's assassination

    Saudi intelligence officer and former diplomat Maher Abdulaziz Mutreb played a "pivotal role" in the apparent assassination of Saudi journalist Jamal Khashoggi, a source familiar with the Turkish investigation has told CNN. The source said that Mutreb was fully aware of "the plot" of the operation. Mutreb, who was the first secretary at the Saudi embassy in London and has been described as a colonel in Saudi intelligence, is closely connected to Saudi Crown Prince Mohammed bin Salman. "He was...

    WPLG
  • Australia lawyers' group: Draft cyber laws would curb rights

    The president of Australia's top lawyers' group has told a parliamentary inquiry that proposed cybersecurity laws to force global technology companies such as Facebook and Google to help police by unscrambling encrypted messages sent by extremists and other criminals would significantly limit...

    ABC News
  • Michael Bloomberg slams Trump's trade policies

    Former New York City Mayor Michael Bloomberg came out swinging against President Donald Trump's trade policies Thursday at an appearance alongside Democratic Rep. Jim Clyburn in South Carolina. Bloomberg, who's weighing a 2020 presidential run, said the administration's "trade policies are disastrous for America." "They're not good for us. They are not good for the rest of the world," he told a group gathered at Benedict College in Columbia. It's not the first time Bloomberg has criticized...

    WPLG
  • Fox Business, Saudi conference's last media partner, pulls out

    Fox Business Network, which had been the lone remaining international media partner participating in this year's Future Investment Initiative in Saudi Arabia, dropped out of the event on Thursday. The move came just hours after Treasury Secretary Steve Mnuchin announced he would no longer attend the conference. Until then, for more than a week, Fox Business Network had said its participation in a high-profile summit in Saudi Arabia next week was "under reveiew." All of the other international...

    WPLG
  • Sports leagues could score $4.2B from legal betting: study

    Legal sports betting stands to generate an extra $4.2 billion a year for America’s four main professional sports leagues, according to a new study. The study by Nielsen Sports allocates $2.3 billion of the windfall to the NFL, followed by $1.1 billion to MLB, $585 million to the NBA and $216 million to the NHL....

    New York Post