Key Words: Economic adviser Kudlow, asked about negative effects of Trump tariffs on U.S. business: ‘Don’t class warfare me’

Key Words: Economic adviser Kudlow, asked about negative effects of Trump tariffs on U.S. business: ‘Don’t class warfare me’
‘on’t class warfare me.’ That’s top White House economic adviser Larry Kudlow, in conversation this week with Kai Ryssdal of the public-radio program “Marketplace.” Kudlow was responding to Ryssdal’s suggestion that it’s perhaps easier for someone in Kudlow’s position to take a sanguine view of the collateral damage caused within certain U.S. industries by the Trump administration’s aggressive approach to... Read More

Facebook’s post–Cambridge Analytica log-in changes hurt mobile game makers

Facebook’s post–Cambridge Analytica log-in changes hurt mobile game makers
Alterations that Facebook Inc. made after the Cambridge Analytica data-privacy scandal damaged large videogame publishers that rely on its Login service, leading Facebook to loosen some of the new requirements. Activision Blizzard Inc.’s popular “Candy Crush” series, and Zynga Inc., responsible for games such as “Words With Friends,” saw reduced revenue due to changes and bugs in Facebook’s Login software... Read More

The Wall Street Journal: Manafort trial: Accountant testifies she falsified tax return at Gates request

The Wall Street Journal: Manafort trial: Accountant testifies she falsified tax return at Gates request
An accountant for Paul Manafort told jurors Friday she believed his tax returns contained inaccurate information and falsely reduced his tax liability by classifying millions of dollars she believed was income as loans. The accountant, Cindy Laporta, said manipulating tax returns in such a way was “inappropriate” and that she knew it was wrong, but did it because Manafort was... Read More

NewsWatch: Tesla’s revenue growth looks better than it should thanks to a disclosure shortcut

NewsWatch: Tesla’s revenue growth looks better than it should thanks to a disclosure shortcut
MARKETWATCH FRONT PAGE Tesla Inc.‘s short-cut to new revenue-recognition rules artificially boosted its revenue growth in earnings reported this week, a growing issue as new revenue-recognition rules continue to be adopted. See full story. From U.S. Steel’s $1 billion market cap to Apple’s $1 trillion: a brief history of valuation milestones As Apple becomes the first $1 trillion U.S. company,... Read More

The Wall Street Journal: Manafort trial: Accountant testifies she falsified tax return at his request

The Wall Street Journal: Manafort trial: Accountant testifies she falsified tax return at his request
An accountant for Paul Manafort told jurors Friday she believed his tax returns contained inaccurate information and falsely reduced his tax liability by classifying millions of dollars she believed was income as loans. The accountant, Cindy Laporta, said manipulating tax returns in such a way was “inappropriate” and that she knew it was wrong, but did it because Manafort was... Read More

Short-term health insurance plans are dirt cheap for good reasons

Short-term health insurance plans are dirt cheap for good reasons
President Trump is propping up short-term health insurance plans as a lower-cost alternative to traditional health insurance, but consumers may want to think twice before buying one of these plans. The Trump administration released a new rule Wednesday that reverses previous guidelines set by President Obama regarding short-term health insurance plans. Previously these short-term plans could only be in effect... Read More

The Margin: Newseum bows to media pressure and discontinues sale of ‘fake news’ T-shirt

The Margin: Newseum bows to media pressure and discontinues sale of ‘fake news’ T-shirt
The Newseum, a 21-year-old Washington, D.C., attraction that describes its mission as “to increase public understanding of the importance of a free press and the First Amendment,” came under fire late this week when it was reported that it was selling gift-shop items that appeared at odds with that stated vocation. For one, a “fake news” T-shirt. “We recognize why... Read More

The Margin: Apple’s trillion-dollar market cap invites an airing of grievances

The Margin: Apple’s trillion-dollar market cap invites an airing of grievances
While many in the media, on social networks and in the broader investing world were agog this week over Apple’s comparatively sudden lurch for the trillion-dollar-market-cap crown — largely failing to heed co-founder Steve Wozniak’s guidance that a big, round number should still be recognized as merely a number — it was not hard to locate dissenters on Twitter, teasing... Read More