• Trump's threats to GM could end up backfiring spectacularly

    19 days ago - By Business Insider

    General Motors announced a round of layoffs and plant closures on Monday.
    President Donald Trump is not happy with that decision.
    Trump's policies weren't the main reason for GM's move, but they probably helped push the automaker toward the decision.
    Trump's proposed responses to GM's decision - cutting subsidies and imposing auto tariffs - would likely make things worse.
    President Donald Trump's latest threats to get back at General Motors could end up doing the exact opposite of what he wants.
    In the days since GM announced it would lay off roughly 15,000 workers and idle four factories...
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  • Deere CEO expects trade war with China to have long-lasting impacts on agriculture

    Deere CEO expects trade war with China to have long-lasting impacts on agriculture

    19 days ago - By ETF Daily News

    From Amelia Lucas : Deere Chairman and CEO Samuel Allen said on Wednesday that his main concern with President Donald Trump's tariffs is the long-term effects it will have on the supply of agricultural commodities.
    “We're more concerned about the structural changes that it might force on the global supply of soybeans and other commodities,” Allen said on CNBC's “Squawk on the Street.”
    For example, if China were to seek out soybeans from another country like Brazil, those farmers could produce the soybeans quickly, which could lead to an oversupply over a longer period of time. That means...
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  • Money managers may see higher bonuses this year, but are bracing for job cuts in 2019

    Money managers may see higher bonuses this year, but are bracing for job cuts in 2019

    19 days ago - By Business Insider

    Asset management compensation will increase 5% this year, a new study says.
    But there are still major challenges within the asset management industry and things could get worse in 2019.
    Asset managers are likely to receive a small bump in their overall compensation this year - around 5%, according to a new report. But that uptick masks some of the larger challenges within the industry, as market volatility, the reallocation of bonus pool dollars to technology investments and declining margins eat into industry profits.
    Overall compensation for equities-focused traditional asset managers is...
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  • Ford reshuffles U.S. plants to beef up SUV, truck production

    Ford reshuffles U.S. plants to beef up SUV, truck production

    19 days ago - By Reuters

    Ford Motor Co said on Wednesday it will reshuffle workers at several of its plants to meet rising demand for pickup trucks and large SUVs, a process that will require finding new positions for 150 workers displaced by the changes but not result in job cuts.
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  • Trump says studying new auto tariffs after GM restructuring

    19 days ago - By Reuters

    U.S. President Donald Trump on Wednesday said new auto tariffs are "being studied now," asserting they could prevent job cuts such as the U.S. layoffs and plant closures that General Motors Co announced this week.
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