Welcome to Finance Insider, Business Insider’s summary of the top stories of the past 24 hours.
A steady stream of laid-off workers have come to the college for retraining, says Ryan Davis, the college’s dean since 2013. Many are in the school’s technology and robotics programs, and the school’s proximity to a large Boeing facility makes the aerospace program a popular one.
The notion that workers’ skills can suddenly become obsolete highlights a lively debate over how much and how fast technology will take over the workplace. Against that backdrop, a number of policy solutions, many still controversial, have begun to circulate.
There’s a bunch of news in the world of politics, economics, trade and taxes. Here are the headlines:
- Congress has reached a budget deal to fund the federal government through September
- COMMERCE SECRETARY: Trump won’t trade American jobs for China’s help on North Korea
- Trump is claiming credit for something China did years before he was elected
- MNUCHIN TELLS WALL STREET: “You should all thank me for your bank stocks doing better”
- LOPEZ: Trump has turned his back on the one thing that makes the world rich and happy
- DA COSTA: A red flag is popping up that should make the Fed stop raising interest rates
- Manufacturing sector grows slower than expected in April
- An American jobs threat worse than coal is coming to your hometown
- Byron Wien explains simply why America’s wealth inequality is getting worse
The Children’s Investment Fund, a $US14.5 billion hedge fund based in London, has gotten off to a strong start to the year. Chris Hohn, the head of the fund, told investors that an acquisition by InterContinental Exchange (ICE) of the London Stock Exchange would make a lot of sense.
And a hedge fund is making a big bet on J. Crew, and it could determine whether it avoids bankruptcy.
Online lending has reached a tipping point, according to Charlie Moore at Global Debt Registry.
In autos, GM isn’t worried about Tesla’s Model 3. Carlos Ghosn saved Nissan — here’s his plan to do it again at Mitsubishi. And Indian’s Springfield and Chieftain are driving a new American motorcycle rivalry with Harley-Davidson.
There’s a bunch of tech, media and telecoms news. Here’s what you need to know:
- What to expect from Apple’s upcoming earnings
- Facebook hits an all-time high
- Alphabet’s chairman charged the company $US1.9 million for use of private planes last year
- Cloudera founder: Why investors are “thrilled” my company is worth $US2 billion less after our IPO
- Google’s CEO got a massive raise last year
- Dish Network loses twice as many subscribers as expected
- One slice of the market threatens to ruin the S&P 500’s clean earnings sheet
- Twenty-First Century Fox in talks with Blackstone to buy Tribune
- Twitter is surging after announcing it’s teaming up with Bloomberg on a streaming news service
Lastly, a photographer spent 25 years documenting rich people — here’s what she learned.
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