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| May 23, 2018

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SpaceX President Gwynne Shotwell says company is profitable

May 22, 2018 |

SpaceX President Gwynne Shotwell said Tuesday that the privately held Hawthorne space company is valued at almost $ 28 billion based on recent funding rounds, and that it is profitable.

In a wide-ranging interview broadcast on CNBC, Shotwell said the company has had “many years” of profitability….


L.A. Times – Business

Americans stick with health insurance despite Trump’s push to dismantle Obamacare

May 22, 2018 |

Americans kept up their health insurance last year despite President Trump’s all-out push to dismantle the Obama-era coverage expansion. That’s the counterintuitive conclusion from a major government survey released Tuesday.

After nearly a full year of Trump’s presidency, the uninsured rate was…


L.A. Times – Business

China’s latest move on trade is a massive cut to car tariffs

May 22, 2018 |

China will cut the import duty on passenger cars to 15%, further opening a market that has been a chief target of the U.S. in its trade fight with the world’s second-largest economy.

The Finance Ministry said Tuesday the levy will be lowered effective July 1 from the current 25% that has been in…


L.A. Times – Business

Mick Mulvaney must leave as CFPB chief soon, unless Trump nominates somebody — anybody — else for the job

May 22, 2018 |

Time is running out on Mick Mulvaney’s tenure as acting head of the Consumer Financial Protection Bureau, but there’s an easy way for the White House to extend his tenure: nominate somebody — anybody — else to permanently fill the job.

As it stands now, Mulvaney must step down from his job temporarily…


L.A. Times – Business