Nissan says to postpone talks on deepening alliance, focus on recovery By Reuters

© Reuters. FILE PHOTO: Nissan President and CEO Hiroto Saikawa attends a news conference at its global headquarters building in Yokohama By Naomi Tajitsu YOKOHAMA, Japan (Reuters) – Nissan Motor Co will postpone talks with French partner Renault on deepening their alliance and instead focus on its own recovery, Chief Executive Hiroto Saikawa said on Tuesday, signaling no quick-fix for the strained automaking partnership. Speaking at Nissan’s annual general meeting in Yokohama, its first since the dramatic ouster of former Chairman Carlos Ghosn last year, Saikawa apologized for the fallout…

Trump’s Feud With Federal Reserve Is Rooted in Presidential History

December 2018 Chatter about a firing “I think he put out a tweet last night specifically saying he now realizes he does not have the authority to fire.” — Mick Mulvaney, who had recently been named the acting White House chief of staff, on ABC That fourth rate increase fueled Mr. Trump’s ire and the president privately talked about firing Mr. Powell, telling advisers that the Fed chair would “turn me into Hoover,” a reference to the Great Depression-era president. Spring 2019 Envisioning a ‘rocket ship’ “China will be pumping…

Could Looming Supply Cuts Be Driving Bitcoin?

Bitcoin succeeded in retaking the $10,000 barrier late last week, only to go on past $11,000 within 24 hours. The notorious cryptocurrency, known in some spaces as digital gold, crossed the $11,000 mark on Monday to hit a 15-month high amid the hype over social media giant Facebook and its latest cryptocurrency offering. Overall, Bitcoin is up 170 percent for the year to help erase memories of its precipitous crash last year after reaching $20,000 in late 2017. One analyst explained how the ‘halvening” or supply cuts, could be linked to…

Give More Slack to Slack Before You Invest In it

Slack (WORK) recently listed on the NYSE, soaring 50% on its first day of trading. Nevertheless, given that its execution is largely unproven, investors should firmly avoid any speculative urge to get involved with the name. What Does Slack Do? Slack bills itself as a technology stack that allows people, applications and data to communicate. It declares that emails are too rigid and cumbersome and create silos of inaccessible information, hidden in individual inboxes. Among its customers, Slacks boasts big firms such as Oracle and Autodesk (ADSK)  as well as  government entities such as NASA Jet…