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Quote of the Day

The production of too many useful things results in too many useless people. - Kark Marx

Word of the Day

Myriad - Constituting a very large, indefinite number; innumerable:

In the news...

Another deadline for the revised NAFTA.The Republican-controlled US Congress must be notified today of a new deal to give lawmakers a chance to approve it before the midterm elections in November. Otherwise the next Congress, in which Democrats could wield more power, will review it. Trump has long vowed to replace the North American trade accord.

Walmart reports earnings. Investors expect the world’s largest retailer to notch a strong quarter but want insights into its recent international moves, which include merging its UK arm Asda with British rival J Sainsbury and spending $16 billion for a 77% stake in Flipkart, an unprofitable Indian e-commerce site. The latter deal caused many analysts to scratch their heads.

Mothercare announces its full-year results and a rescue plan. The struggling British retailer will announce the closure of 50 stores and the rehiring of CEO Mark Newton-Jones. He was ousted just last month by chairman Alan Parker, who has since left the company.

Japan is planning retaliatory tariffs against the US worth over $400 million.The duties would be in response to the steel and aluminum tariffs the Trump administration announced earlier this year, reported public broadcaster NHK. Japan is the only major US ally that didn’t receive exemptions from those duties.

The US Senate voted for net neutrality.Senators voted to overturn the Federal Communications Commission’s December 2017 decision to repeal net-neutrality rules, a move that would allow US telecoms to block, slow, or charge more for certain content. The policy now faces an even tougher vote in the House, before it heads to Trump.

New Trump documents revealed a $100,000 payment to Michael Cohen. Financial disclosures show that Trump reimbursed his personal attorney for an expenditure tied to the $130,000 payment Cohen used to silence Stormy Daniels. Trump’s legal team has said that the US president repaid Cohen but “didn’t know about the specifics.”

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