This Week Is All About US CPI: 3-Minute MLIV

Jaguar Land Rover to layoff thousands of jobs in $2.3 billion cost-saving overhaul

Thousands of workers at Britain's Jaguar Land Rover (JLR) will be offered voluntary redundancies as the luxury car manufacturer responds to intense competition from cheaper Chinese rivals, a cyberattack and U.S. President Donald Trump's tariffs. The company, which is owned by India's automotive manufacturer Tata Motors, is planning to cut as many as 4,000 jobs over the next two years, according to a report from The Times. A JLR spokesperson did not comment on the scale of the job losses when...

How Large Denomination Bills Help Money Launderers

Odd Lots: Why Money Launderers Love $100 Bills (Podcast)

Hardly anyone nowadays seems to carry much cash, never mind carrying around a bunch of $100 bills. So why does the amount of physical cash in circulation — especially big denominations like the $100 bill — keep increasing? There’s a pretty obvious answer.

Driverless Uber taxis a 'gimmick' that is doomed to failure, cabbie boss claims

Driverless Uber taxis a 'gimmick' that is doomed to failure, cabbie boss claims EXCLUSIVE: The Licensed Taxi Drivers' Association called the driverless cabs 'hype, spin and clever marketing' and claim London is too clogged for the futuristic cars to operate Uber’s self-driving taxis that have hit UK roads for the first time will vanish within a few years because Brits will soon tire of the 'gimmick', a leading cabbies organisation has said. Steve McNamara, the general secretary of the...