Buybacks have gotten a bad rap from both Republicans and Democrats. But stocks would be trading at a massive discount without them.Marketsread more
Fiat Chrysler and France's Renault could soon partner up to take on the sweeping changes to the global auto industry, according to a report in the Financial Times. The...Autosread more
Microsoft shares have gained 133% since November 2015, outperforming a tech "basket of unicorns" over that stretch.Technologyread more
The president's state visit comes amid tensions with carmaker Toyota over potential auto tariffs. Trump has repeatedly threatened Japanese and European carmakers with tariffs.Traderead more
The IRS is about to release a new draft of Form W-4, which will more closely reflect the changes stemming from the Tax Cuts and Jobs Act. For workers, that means they'll need...Personal Financeread more
When commercial real estate investor Manny Khoshbin spent $2.2 million on the fastest production car in the world, he had no idea it would very quickly also become the...Autosread more
The Mega Millions jackpot has spilled over $400 million. It would be the ninth largest winning since the game began in 2002.Personal Financeread more
Trump was speaking at a meeting of Japanese business leaders in Tokyo during his state visit to Japan on Saturday.Marketsread more
The biggest U.S. gasoline price surge in years is running out of steam just in time for the start of the summer driving season.Energyread more
The federal minimum wage has remained $7.25 per hour since 2009. But several states, and even some companies, have since taken matters into their own hands to pay employees a...Workread more
Stocks rose on Friday, but notched weekly losses as investors worried the U.S.-China trade war is hurting economic growth.US Marketsread more
Nearly every country in the world has agreed upon a legally binding framework to reduce the pollution from plastic waste except for the United States, U.N. environmental officials say.
An agreement on tracking thousands of types of plastic waste emerged Friday at the end of a two-week meeting of U.N.-backed conventions on plastic waste and toxic, hazardous chemicals.
Rolph Payet of the United Nations Environment Program said the "historic" agreement linked to the 186-country, U.N.-supported Basel Convention means that countries will have to monitor and track the movements of plastic waste outside their borders.
The deal affects products used in a broad array of industries, such as health care, technology, aerospace, fashion, food and beverages.
"It's sending a very strong political signal to the rest of the world — to the private sector, to the consumer market — that we need to do something," Payet said. "Countries have decided to do something which will translate into real action on the ground."
Countries will have to figure out their own ways of adhering to the accord, Payet said. Even the few countries that did not sign it, like the United States, could be affected by the accord when they ship plastic waste to countries that are on board with the deal.
Payet credited Norway for leading the initiative, which first was presented in September. The time from that proposal to the approval of a deal set a blistering pace by traditional U.N. standards for such an accord.
The framework "is historic in the sense that it is legally binding," Payet said. "They (the countries) have managed to use an existing international instrument to put in place those measures."
The agreement is likely to lead to customs agents being on the lookout for electronic waste or other types of potentially hazardous waste more than before.
"There is going to be a transparent and traceable system for the export and import of plastic waste," Payet said.