Money

Trump’s Plan to Turn New Mexico Red Starts With Rio Rancho Rally Tonight

President Donald Trump is making his way to the Land of Enchantment. The president is planning to make a play for New Mexico in 2020, despite the odds stacked against him, starting with Monday’s rally in Rio Rancho. New Mexico has voted for a Republican presidential candidate only once since 1992—in 2004, when George W. …

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Drone Strikes Are Escalating a Geopolitical Crisis—Which Could Help the Dollar

Investors rushing back to risk assets this month just got a reminder of the kind of simmering geopolitical threats out there. That could be good news for the dollar. The drone strike on one of the world’s biggest oil facilities over the weekend raises the specter of escalating tensions across the Middle East — exactly the kind …

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Nestlé Says It Will Achieve ‘Net Zero’ Emissions. But What Does That Mean?

Nestlé—the world’s largest food supplier—said on Thursday that it would go “net zero” by 2050, aiming to effectively eliminate greenhouse gas emissions from its global supply chain, from dairy farms to chocolate factories to supermarket distribution. Nestlé is the first in its cohort of consumer food and beverage firms to explicitly commit to the “net …

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China Mengniu Dairy Makes $1 Billion Bid for Australian Infant Formula Maker Bellamy’s as Beijing Pushes Self-Sufficiency

China’s largest milk maker, Mengniu Dairy, is expanding its presence overseas, putting in a $1.03 billion offer for Tanzania-based Bellamy’s Australia, the parent company of infant formula maker, Bellamy’s Organic. The purchase comes as Beijing advocates self-sufficiency in the baby formula market—which accounted for 70% of China’s total $10.65 billion worth of dairy imports last …

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Visa and Mastercard Sign Up for Investments in Fintech Unicorn Plaid

As two competing giants occupying the same realm of credit cards and electronic payments, it’s not often that Visa and Mastercard both decide to bet on the same company as a means of expanding their businesses. But that’s exactly what they’ve done with fintech platform Plaid, which announced today that it has secured “strategic investments” …

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Some of This Fall’s Most Buzzed About TV Shows Will Feature Familiar Faces

A batch of fresh TV shows will be coming to our screens this fall—and even though many of the stories are new, viewers will be encountering a lot of familiar faces. Faced with more competition than ever before, broadcast networks, in particular, are betting that recognizable faces from hit shows of the past will help …

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