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Ford is replacing its chief executive Mark Fields amid investor concerns the car company has failed to expand its core auto business while falling behind key rivals in developing autonomous and electric vehicles. The US car company is expected to announce the move, which was first reported in the... Read more
The Moneyologist: My husband is either giving $300,000 to a religious cult, being blackmailed — or plotting a divorce
Dear Moneyologist, I have been married for 24 years and have four children, two who have finished college and two that will soon start college. I have stayed at home to raise the children while my husband has been a successful career man. He has said for... Read more
Brazil’s political crisis took a bizarre turn on Saturday as the country’s president, Michel Temer, claimed that a secret tape that allegedly showed him endorsing bribe payments had been edited to frame him. Mr Temer asked Brazil’s top court to shelve an investigation against him until it could be... Read more
U.S. households now have as much debt as they had in 2008
After months of speculation, it happened: Household debt levels in the U.S. have surpassed their 2008 peak. The New York Federal Reserve released a new report Wednesday that showed U.S. collective household debt balances totaled $12.73 trillion in March 2017, surpassing the 2008 peak of $12.68 trillion. This isn’t... Read more
US private equity firm Bain Capital has made a $10bn bid for Toshiba’s prized Nand memory chip subsidiary that could result in management running the Japanese unit getting a stake in the business. The proposed arrangements are meant to enhance the political acceptability of a deal in which some... Read more
Facebook has quadrupled five years after maligned IPO
After one year as a public company, shares of Facebook Inc. were down 33%. About five years later, the stock is doing a tad better: A 279% return from its first day of trading, and a market cap that has quadrupled. Facebook ... Read more
Impeachment is not a word people throw around lightly in Washington, but claims that Donald Trump has obstructed the course of justice by attempting to stifle inquiries into his campaign’s links with Russia have intensified over the past 24 hours.  The furore comes after the disclosure of a memo... Read more
Investors were retreating to the sidelines on Wednesday and seeking havens on concerns that President Donald Trump’s ability to push through his pro-growth policies will be sidelined by deepening political controversy. Reports that Mr Trump sought to interfere in an FBI investigation is the latest controversy to ensnare the... Read more
20 years after IPO: How Amazon came to dominate books, electronics and the cloud
Getty Images Amazon’s play for the consumer-electronics space has included launching its own products, like the Fire stick. The surest sign Amazon is on the verge of dominating its next retail category emerges when online sales start to account for more than 20% of that business, according to... Read more
Donald Trump faced a bipartisan outcry on Monday after reports that the US president had endangered national security by sharing highly-classified information in an Oval Office meeting with Russia’s top diplomat. Mr Trump revealed details of an Isis plot, breaching the trust of an unnamed ally’s intelligence agency that... Read more