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The president ordered a task force in April to study the Postal Service, an independent establishment of the executive branch of the U.S. government, looking at its financial health and what it charges customers such as Amazon for package deliveries, in a report due Aug. 10. However, the White House has decided it will not yet release the report, forcing the Senate Committee on Homeland Security and Governmental Affairs to postpone a hearing on postal reform that was planned for Sept. 5, the sources said. One said the hearing was postponed “indefinitely.”.
That means any legislation that raised the Postal Service’s rates on Amazon and other shippers has been kicked further into the future, The task force briefed the president on its preliminary findings and recommendations earlier this month, a spokeswoman black labrador cufflinks for the U.S, Treasury Department, which is in charge of the task force, told Reuters, “The task force will continue our work to identify solutions to strengthen the USPS business model driving toward a public report before the end of the year,” she said, “It is clear that the governance of USPS must be fixed and we encourage Congress to take actions towards that goal.”..
The rates the Postal Service charges Amazon and other bulk customers are not made public. Federal regulators that review contracts made by the service have not raised any issues with the terms of its deal with Amazon. Trump’s attacks on Amazon have gone hand-in-hand with attacks on its founder and Chief Executive Jeff Bezos, who privately owns the Washington Post, which has published several articles critical of Trump’s campaign and presidency. Trump has described the newspaper as Amazon’s “chief lobbyist.” The Washington Post’s top editor has said Bezos has no involvement in its news coverage.
The president’s tweets attacking Amazon temporarily knocked down its stock earlier this year on fears that government action prompted by Trump might hurt the company’s profits, The shares have since recovered and Amazon is on track to become only the second U.S, publicly traded company with a stock market value of more than $1 trillion, alongside Apple Inc (AAPL.O), Amazon did not return a request for black labrador cufflinks comment, The retailer and cloud-computing firm is only one of several that have attracted Trump’s ire, He attacked Boeing Co (BA.N) over a previous Air Force One deal, Earlier this week, he accused Alphabet Inc (GOOGL.O) subsidiary Google’s search engine of promoting negative news articles and hiding “fair media” coverage of him, without presenting evidence..
BOSTON (Reuters) - Billionaire investor William Ackman, whose hedge fund is posting double-digit returns largely thanks to gains in Chipotle Mexican Grill (CMG.N) shares, said on Friday he expects to stay a long-term investor even after he sold some of the shares. “Chipotle is in the very early stages of beginning to realize its potential,” the fund manager told Reuters on Friday, adding that he “loves” the stock. Ackman spoke one day after his Pershing Square Capital Management hedge fund said in a regulatory filing that the firm had cut its holding in Chipotle to 7.4 percent of the company from 10.4 percent. His firm sold 823,357 shares for portfolio management purposes, the fund manager said.
He said the Chipotle position had grown to be more than 20 percent of his roughly $8 billion portfolio as the stock price appreciated and that it needed to be cut back, He has periodically trimmed positions as they became too big, News of the sale came after the market closed on Thursday and sparked some concerns on Friday that Ackman was possibly losing interest in the company after owning it for almost two years, Ackman has helped turn the company around, playing a big role in wooing black labrador cufflinks Chipotle’s new Chief Executive Officer Brian Niccol from Taco Bell..
SHANGHAI (Reuters) - As analysts crunch trade data and political commentators dissect official statements for signs of how the Sino-American trade war will develop, some ordinary Chinese are using different sources to predict U.S. President Donald Trump’s next moves: fortune tellers. Armed with photos of Trump and his date of birth, the superstitious in China are turning to the divine - from masters on cosmic energy to experts on ancient spirits - for tips on what the president has got up his sleeve in the escalating trade spat between the world’s two largest economies.
The trade dispute has not only raised uncertainty over China’s economic growth, it has also unsettled the lives of some ordinary Chinese people, who are seeking advice on things like where to invest, how to run their business and even whether or not they should pursue plans to emigrate to the United States, Victor Ng, a Feng Shui master from a line of famous practitioners in Hong Kong, says he usually analyses the birth date and time of birth black labrador cufflinks of his clients for insights, With the trade row dominating headlines and increasing uncertainty about the future, he has been adding some ingredients to the mix..
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