The Future of America’s Economy Looks a Lot Like Elkhart, Indiana

ELKHART, Ind.—The self-proclaimed RV capital of the world gives a glimpse of what the American economy looks like when operating at full tilt. High-school students around here skip college for factory jobs that offer great pay and benefits. For-hire signs sprout like roadside weeds. And workers are so flush that car dealers can’t keep new…

Continue Reading →

Cashing In: Why Cash Should Be in Your Portfolio Again

Holding cash is investment heresy after a decade of the lowest interest rates in history. It is time to consider the sacrilegious, and add cash back into portfolios. The value of cash was demonstrated in the first quarter: Both stocks and bonds lost money—the first quarter that’s happened since the aftermath of Lehman’s failure in…

Continue Reading →

Saudis Want Fewer Weapons, More Disney in U.S. Business Talks

LOS ANGELES—Saudi Crown Prince Mohammed bin Salman has courted a slew of American tech and entertainment heavyweights to bring everything from data centers to cinemas to Saudi Arabia, part of his push to transform the country into a more open and dynamic society, Over the past week, he has met top business executives—from Amazon.com Inc.’s…

Continue Reading →

Chart: All the Goods Targeted in the Trade Spat

The U.S.’s tit-for-tat with China over tariffs has ushered in a high-stakes standoff over the future of trade between the world’s two largest economies. On Tuesday, the U.S. proposed a 25% tariff on some 1,300 Chinese goods, unveiling the most aggressive challenge in decades to Beijing’s trade practices. The items range from high value-added goods…

Continue Reading →

Pershing Square Faces Wave of Investor Redemptions

William Ackman, the famed shareholder activist, is losing investors at a rapid pace and facing a future that would no longer include managing a private hedge fund. After three years of subpar performance, most investors in his Pershing Square Capital Management LP have asked for money back, with about two-thirds of the cash that could…

Continue Reading →

As Trump Bashes Amazon, the Government Increasingly Relies on It

Amazon.com Inc. is best known for transforming the U.S. retail industry, a feat that President Donald Trump has recently attacked. But the company has quietly been cultivating a major customer in his own backyard: the federal government. In the past several years, the Seattle-based company has won much of the business to help the government…

Continue Reading →

Facebook quietly explored getting patient data from hospitals

Reproduced from FireEye’s M-Trends report; Chart: Axios Visuals Organizations are closing the skills and preparedness gap between hackers and themselves, improving a picture that’s all too often painted as grim. That means we — at least those of us in the Western Hemisphere — are getting pretty good at cybersecurity, according to the latest numbers…

Continue Reading →

More women have filed to run for a House seat that ever before

Reproduced from FireEye’s M-Trends report; Chart: Axios Visuals Organizations are closing the skills and preparedness gap between hackers and themselves, improving a picture that’s all too often painted as grim. That means we — at least those of us in the Western Hemisphere — are getting pretty good at cybersecurity, according to the latest numbers…

Continue Reading →