GM Warns Tariffs Could Shrink Company and Jobs
Detroit based General Motors said expansive U S tariffs on imported vehicles could create a smaller GM with fewer jobs and reduce its domestic and global presence. The firm noted higher vehicle prices and less investment even if costs aren t passed to buyers. GM operates 47 U S facilities employing about 110 000, buys tens of billions in parts from U S suppliers, and has invested over 22 billion in U S manufacturing since 2009.
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Kudlow urges Fed to raise rates very slowly
Kudlow urges the Federal Reserve to hike rates very slowly saying more people working and faster growth do not cause inflation. He notes Fed independence and cites Powell as a good man while inflation nears the 2 percent target amid ongoing gradual tightening.
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Turkey
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Portugal
Gary Cohn
AT&T hikes administrative fee boosts annual wireless charges
Industry analyst says AT&T will collect about 970 million dollars a year more from a raised monthly administrative fee. The increase covers postpaid lines including tablets and smartwatches, not prepaid, and aims to fund network investments and merger costs. AT&T did not specify allocation.
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Exactis data leak could involve hundreds of millions of records
A Florida data aggregator Exactis exposed about 340 million records on a public server including phone numbers addresses emails and personal traits. Security researcher Vinny Troia said he found about 40 50 names with associated data and warned the database could include a large portion of U S citizens.
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