Finance: What you need to know on Wall Street today
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For all the talk of robots replacing humans on the job, in schools and even in bed, students at Everett Community College in Washington State are preparing for a robot future.
A steady stream of laid-off workers have come to the college for retraining, says Ryan Davis, the college’s dean since 2013. Many are in the school’s technology and robotics programs, and the school’s proximity to a large Boeing facility makes the aerospace program a popular one.
The notion that workers’ skills can suddenly become obsolete highlights a lively debate over how much and how fast technology will take over the workplace. Against that backdrop, a number of policy solutions, many still controversial, have begun to circulate.
There's a bunch of news in the world of politics, economics, trade and taxes. Here are the headlines:
Congress has reached a budget deal to fund the federal government through September
COMMERCE SECRETARY: Trump won’t trade American jobs for China’s help on North Korea
Trump is claiming credit for something China did years before he was elected
MNUCHIN TELLS WALL STREET: "You should all thank me for your bank stocks doing better"
LOPEZ: Trump has turned his back on the one thing that makes the world rich and happy
DA COSTA: A red flag is popping up that should make the Fed stop raising interest rates
Manufacturing sector grows slower than expected in April
An American jobs threat worse than coal is coming to your hometown
Byron Wien explains simply why America's wealth inequality is getting worse
In markets news, one of the biggest pillars of the stock bull market is crumbling. And a star Wall Street fund manager is getting it all wrong
The Children's Investment Fund, a $14.5 billion hedge fund based in London, has gotten off to a strong start to the year. Chris Hohn, the head of the fund, told investors that an acquisition by InterContinental Exchange (ICE) of the London Stock Exchange would make a lot of sense.
And a hedge fund is making a big bet on J. Crew, and it could determine whether it avoids bankruptcy.
Online lending has reached a tipping point, according to Charlie Moore at Global Debt Registry.
In autos, GM isn’t worried about Tesla’s Model 3. Carlos Ghosn saved Nissan — here's his plan to do it again at Mitsubishi. And Indian's Springfield and Chieftain are driving a new American motorcycle rivalry with Harley-Davidson.
There's a bunch of tech, media and telecoms news. Here's what you need to know:
What to expect from Apple's upcoming earnings
Facebook hits an all-time high
Alphabet's chairman charged the company $1.9 million for use of private planes last year
Cloudera founder: Why investors are "thrilled" my company is worth $2 billion less after our IPO
Google's CEO got a massive raise last year
Dish Network loses twice as many subscribers as expected
One slice of the market threatens to ruin the S&P 500's clean earnings sheet
Twenty-First Century Fox in talks with Blackstone to buy Tribune
Twitter is surging after announcing it's teaming up with Bloomberg on a streaming news service
Lastly, a photographer spent 25 years documenting rich people — here's what she learned.
Source: New feed
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