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U.S. markets news

US Tariffs, Aimed at China and South Korea, to Hit Targets Worldwide
DAVOS, Switzerland - When the Trump administration unveiled tariffs on imports of solar panels and washing machines - industries dominated by Chinese and South Korean businesses - they deliberately applied them to products from around the world.
Trump's solar tariffs won't boost the government's bottom line  The Hill
Trump's New Tariffs Will Hurt the US  Bloomberg
Reuters  
125000 Disney employees to receive $1000 cash bonus due to tax reform
Disney announced Tuesday it will pay over 125,000 employees a one-time cash bonus of $1,000, as well as make a new $50 million investment into education program for employees.
Disney Gives $1000 Cash Bonuses To 125000 Employees  Deadline
Disney: Bonuses for 125000 workers, $50 million for tuition  Orlando Sentinel
Millennials: 1 in 6 now have $100000 socked away
Millennials are pushing back against the stereotype that their money management skills are lacking, as 16% now have savings of $100,000 or more, double the amount of young people who had socked away that much in 2015, according to a new Bank of America ...
Millennials Are Getting Their Financial Houses in Order, Despite What They ...  Business Wire (press release)
What you thought you knew about millennials is wrong  American Banker
Tesla unveils pay plan for Elon Musk: He could get nothing for 10 years
Tesla said the pay plan announced Tuesday would keep Elon Musk at the company while allowing flexibility for his role to change. (Ringo H.W.
Musk's Multibillion-Dollar Tesla Comp Plan Is Shrewd Marketing Amid ...  Forbes
Tesla just locked in Elon Musk as CEO with a $70 billion pay package  Business Insider
Kimberly-Clark Announces Layoffs, Along With $3.3 Billion In Operating Profit
Kimberly-Clark, maker of Huggies and other well-known brands, plans to cut more than 12 percent of its workforce in 2018. Jeff Chiu/AP hide caption.
Huggies maker Kimberly-Clark to cut 5000 jobs on sluggish sales as birth ...  Chicago Tribune
Kimberly-Clark to Cut as Many as 5500 Jobs  New York Times
Feds to investigate Tesla crash driver blamed on Autopilot
The National Traffic Safety Board will conduct a field investigation of an accident on Monday, when a Tesla Model S crashed into a firetruck on a California freeway.
Tesla in Autopilot mode crashes into fire truck  CNNMoney
Tesla Model S plows into a fire truck while using Autopilot  The Verge
Budweiser falls from top three US beer favorites
The king of beers has officially been dethroned. Budweiser no longer is among the top three best-selling beers in the U.S., according to Beer Marketer's Insights, as people drink less beer or switch to craft brews, wine or spirits.
Budweiser Isn't Among America's 3 Most Popular Beers  U.S. News & World Report
Budweiser falls off the list of America's three favorite beers  CNNMoney
Uber hires chief diversity officer, the third but most senior person to lead ...
SAN FRANCISCO - Uber has hired its first chief diversity and inclusion officer, Bo Young Lee, following through on one of the recommendations from an inquiry led by former attorney general Eric H. Holder Jr.
Uber has hired its first chief diversity officer  Recode
Uber hires first-ever chief diversity and inclusion officer  CNET
Verizon to Pay Down Debt, Give Employees Stock Awards With Tax Windfall
The new tax law will put as much as $4 billion extra cash in Verizon Communications Inc.'s pocket this year. The telecommunications giant said it would use the funds to pay down some of its $117 billion debt, donate $200 million to $300 million to its ...
Verizon Communications (VZ) CEO Lowell McAdam on Q4 2017 Results - Earnings ...  Seeking Alpha
Verizon's subscriber surge pushes quarterly revenue past estimates  New York Post
Bank of America customers protest new requirements for free checking
Some Bank of America customers are protesting a rule change that makes it harder for consumers with low balances to continue receiving free checking.
Bank of America ends free checking option, causing customer uproar  Chicago Tribune
'These weasels.' Bank of America gets ripped online for killing free ...  Charlotte Observer