NEW YORK (Reuters Breakingviews) - Canada’s former prime minister, in office through the financial meltdown a decade ago, is an advocate for conservative politics with a small “c.” He talked to Breakingviews about the revamped NAFTA, Donald Trump’s standoff with China and the pros and cons of the loonie.
NEW YORK (Reuters Breakingviews) - “Capitalism in America: A History” tells a great story at pace. Its 450-odd pages are packed with observations about entrepreneurs, organized corporations, robber barons, the benefits businesses can bring societies and their owners and how governments interact with companies. Former Federal Reserve Chairman Alan Greenspan and Adrian Wooldridge of The Economist have penned a lively yarn, replete with quirky and breathtaking details.
NEW YORK (Reuters Breakingviews) - Blind faith in U.S. stocks may be giving way to the facts on the ground. A slump overnight slowed on Thursday, partly thanks to a tame U.S. inflation report. Yet American equity valuations are high, trade tensions and interest rates are rising, and earnings season is under way. There’s plenty for investors to react to.
NEW YORK (Reuters Breakingviews) - Trade barriers aren’t the only villain in town. Tensions over tariffs and pacts like the North American Free Trade Agreement have dominated recent economic headlines. But Thursday’s triple-whammy of news about cyber hacking gives justified prominence to what may be an even bigger threat to global growth and prosperity.
NEW YORK (Reuters Breakingviews) - Anyone who has held shares in American International Group since the end of 2007 is still nursing a 95 percent stock-price loss. That’s even worse than fellow crisis basket case Citigroup. The insurer is, arguably, finally emerging from a lost decade after receiving a controversial $182 billion U.S. government bailout in 2008. But investors remain wary.
NEW YORK (Reuters Breakingviews) - Apple is so nearly there. Becoming the first publicly traded company with a market value of $1 trillion is a tantalizing prospect. But it’s really just a number.
LONDON (Reuters Breakingviews) - It has not been Theresa May’s week. Having corralled her cabinet into agreement on a softened Brexit strategy last weekend, two senior ministers noisily quit. Then on Thursday Donald Trump overshadowed the early pageantry of his visit to the United Kingdom with an interview in the Sun newspaper. The U.S. president tore into the British prime minister’s plans for leaving the European Union and praised Boris Johnson, one of the ministers who resigned, among much else. So it’s a crumb of comfort that May can at least claim her country has a soft-power edge over the United States – for now.
LONDON (Reuters Breakingviews) - U.S. President Donald Trump’s visit to the UK will include a dinner at Blenheim Palace on Thursday with business leaders. Corporate bosses stateside have achieved mixed results – from public praise to Twitter blowback – after public appearances with Trump. Breakingviews offers some advice to the bosses of BP, Shell, Barclays and other domestic peers invited to attend the event.
NEW YORK (Reuters Breakingviews) - Howard Schultz is finally quitting Starbucks, the company he built into an iconic $80 billion global coffee brand. He’s turning in his corporate email address and planning new ventures – maybe even running for U.S. president. But he stepped away once before and had to return. If he’s to leave Starbucks for good this time, the coffee chain will need ideas that stay fresher for longer.
NEW YORK (Reuters Breakingviews) - Facebook’s developers are worried the newly responsible approach to data confidentiality touted by Chief Executive Mark Zuckerberg will dent their business. Meanwhile WhatsApp co-founder and boss Jan Koum has quit and is leaving Facebook’s board. Users of the encrypted-messaging service may need reassurance they aren’t the $500 billion social network’s next product.