Ethereum Miner - Mine and Earn free Ethereum Doloca.net: Online Booking - Hotels and Resorts, Vacation Rentals and Car Rentals, Flight Bookings, Activities and Festivals, Tour

Tuesday, April 25, 2017

Google targets the next billion users in India; Trump’s 1st tariffs are on Canadian lumber; China resumes flights to North Korea

Profitable Moment
 

$43 million found in a Nigeria wall. Whose money is it?

Lagos, Nigeria: Nigerians are agog with the latest scandal. Last week $43 million in cash was discovered in an apartment after a whistle blower told authorities he'd seen a woman frequently returning home carrying shopping bags full of cash. 
 
It gets better. The apartment is owned by the head of the National Security Service, and the cash carrying woman is his wife.
 
There's more: The security chief says the cash was allocated by the former president for "covert operations!" But apparently no one else seems to have known about it - certainly not the central bank who would have provided the cash. So, is this just the latest, and most brazen, example of corruption here? Or is it a legit secret operation gone wrong?
 
Now everyone's making jokes about looking for cash stashed in walls. One winner is Nigeria, because it lends legitimacy to its latest anti-corruption drive. Oh, and the biggest winner actually is the whistle blower, who under a new law stands to get up to 5% of the cash as a reward!
 
Now let me get back to tapping the walls of my hotel room...

-Richard.Quest@cnn.com 

What's new... what's next
 

By Matt Egan, Patrick Gillespie, Julia Horowitz and Paul R. La Monica of CNNMoney

1. Trump slaps 20% tariff on Canadian lumber

President Trump reopened a decades-long dispute with Canada, slapping a 20% tariff on lumber coming from America's northern neighbor. Canadian officials immediately rebuked the Trump administration's accusations that Canadian lumber firms were subsidized by the government and dumping lumber into the US. Canada's foreign minister, Chrystia Freeland, didn't mince words on Tuesday in an interview with CNN: "We're going to play hard" to defend the Canadian economy.  

2. A market milestone 17 years in the making

The Nasdaq first hit 5,000 in March 2000. Shortly after that, the dot-com bubble burst. Then there was 9/11. Accounting scandals at Enron, Worldcom and Tyco didn't help. To top it all off, there was the Great Recession. But the Nasdaq has finally passed 6,000 -- and it has Apple, Amazon, Facebook, Google/Alphabet and even stodgy veteran Microsoft to thank. These tech titans have been leaders in the mobile, cloud, social networking and Internet revolution.

3. North Korea sanctions haven't worked so far

President Trump says he wants new United Nations sanctions on North Korea. Here's the problem: In this case, sanctions don't seem to work. The UN Security Council has been trying to stifle North Korea's nuclear weapons program for more than a decade, but tests and missile launches have continued. Neither restrictions on the arms trade nor financial services have done the trick. And there's no sign China will listen to coaxing from Trump. Air China is resuming flights between Beijing and Pyongyang after a brief halt.

4. Why Trump's coal promises are doomed

Trump has vowed to be the coal country's savior by ending Obama's "war on coal." He has signed executive orders aimed at easing coal's regulatory burden. But a new Columbia University report warns that Trump's regulation-busting is unlikely to spark a coal renaissance. That's because the main culprit of coal's demise is natural gas, not regulation. The report urges politicians to offer real help - like worker retraining - rather than "offer false hope."

5. Quick Takes:

Google's plan to get its next billion users: Focus on Indian languages

Marissa Mayer will walk away from Yahoo with $186 million after Verizon deal

Coca-Cola to cut 1,200 jobs as sales slump and new CEO set to take charge

This video startup is aiming to outsmart Netflix in Asia

Sheryl Sandberg's new mantra after husband's death: Resilience is Option B

Fashion forward? Christian Dior in play for takeover by LVMH CEO Arnault

Wikipedia founder launching new site to combat rise of fake news

6. What's next:

Trump talks tax cuts. Big ones: Trump promised last week to present his new tax plan on Wednesday. Rather than a comprehensive plan, the White House is likely to offer a preview of the proposal. Look to see if Trump explicitly pushes for the 15% corporate tax rate he promised during the campaign despite concerns over how expensive such a tax cut could be. Another key will be if Trump calls for real tax reform or just fleeting tax cuts.
 
Twitter, Pepsi, Boeing & more: Brace yourself for another wave of numbers from big-name American companies. Results are due before Wednesday's opening bell from Twitter, Pepsi, Boeing, Fiat Chrysler, Anthem, United Technologies, Hershey, Procter & Gamble, Northrop Grumman and State Street. Later in the day, PayPal and Amgen will be in the earnings hot seat.

Make this newsletter better. Please send us your feedback to CNNMoneyfeedback@turner.com
Share
Tweet
Forward
Sign up for CNN Money's morning markets newsletter: Before the Bell
Sign up for CNN Money's closing markets newsletter: Markets Now

Copyright © 2017 Cable News Network, LP, LLLP. A Time Warner Company. All Rights Reserved., All rights reserved.
You're receiving this newsletter because you opted in at cnn.com or cnnmoney.com.

Our mailing address is:
Cable News Network, LP, LLLP. A Time Warner Company. All Rights Reserved.
One CNN Center
Atlanta, GA 30303

Add us to your address book


unsubscribe from this list    update subscription preferences 


No comments:

Post a Comment

Ethereum Miner - Mine and Earn free Ethereum