Airbnb and New York City settle rental law lawsuit
(Reuters) – Airbnb and New York City said on Friday they had resolved a lawsuit brought by the company challenging a law it argued could expose it to significant penalties for advertising short-term apartment rentals. Airbnb filed the suit in October after New York state enacted a law imposing fines of up to $7,500 on hosts who advertise illegal short-term rentals on platforms like Airbnb. Airbnb had contended that the law’s ambiguous wording could allow New York authorities to apply it to onli..>> view originalTrump Repeats Threat to Seek 35% Import Tariff for Companies Moving Jobs Overseas
President-elect Donald Trump stepped up his attacks Sunday against U.S. companies that move production offshore and fire workers. In a posting on Twitter, he said there would be consequences like a 35% import tariff “for these companies wanting to sell their product, cars, A.C. units etc., back across the border. Please be forewarned prior to making a very expensive mistake!” Instead of moving a factory outside the U.S., he...>> view originalUS, China, EU, others fail to reach environmental goods deal
Geneva — Forty-six countries including the U.S., China and European Union nations failed Sunday to agree on a list of "environmental goods" like solar-powered air conditioners or LED light bulbs that could be targeted for lower tariffs. The two-day meeting at World Trade Organization involved a bid to agree on reducing tariffs on over 200 environment-friendly goods worth around $1 trillion in trade annually, part of a process that EU trade commissioner Cecilia Malmstrom called important "to ..>> view originalAsk the Investor: What are clients asking after presidential election?
By Ryan Fulmer Will the presidential election affect the trajectory of interest rates?Since Donald Trump has been elected, the 10-year Treasury yield has increased from 1.88 percent to 2.36 percent (or a price change from 129.70 to 125.25). The bond market sell-off is likely due to investors perceiving the president-elect’s policies being more favorable for economic growth, the likely selection of a new Federal Reserve chairman in mid-2017, and more government spending.The stock market has r..>> view originalEurope|Matteo Renzi's Fate Is at Stake as Italians Vote in Referendum
But it is the vote in Italy, the fourth-largest economy in Europe and a key player in the European Union, that is sending shivers through leaders on the Continent and across the globe. After Brexit and the victory of Donald J. Trump in the United States, Italy has emerged as potentially the next domino to fall to surging populist forces, raising fears of political instability that could prompt a renewed financial crisis.Mr. Renzi, 41, came to power in 2014 as an anti-establishment outsider who ..>> view originalZenefits CEO May Join Thiel on Trump Transition Team
With his departure as Zenefits CEO confirmed on Friday, reports now suggest that David Sacks of Zenefits could become part of the Trump transition team, joining his friend and former co-author Peter Thiel. A source told the New York Times that Sacks had been in discussions with the Trump team, though Sacks declined to say whether he had participated in informal talks. Similarly, though sources told the Wall Street Journal that Sacks was expected to help Thiel with the transition, a Zenefits spo..>> view originalIran's Rouhani proposes budget rise as Trump election threatens growth
By Andrew Torchia | DUBAI DUBAI Iranian President Hassan Rouhani proposed on Sunday a state budget of about $100 billion for next year, loosening the purse strings to support economic growth as Donald Trump's election threatens to put renewed pressure on Tehran. The U.S. president-elect said during his campaign that he would scrap last year's nuclear agreement between Iran and world powers, in what would be a big blow to the Iranian economy just as it emerges from years of sanctions. R..>> view original
Tuesday, December 13, 2016
Airbnb and New York City settle rental law lawsuit and other top stories.
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