Tim Cook confirms: tech met with Trump to ask for billions in tax breaks

A leaked memo from Apple CEO Tim Cook to his staff explaining why he met with Donald Trump -- a guy who called Apple traitors for refusing to defeat their own security -- explains the rationale: "tax reform." Read the rest

Companies' self-devouring buyback spree is finally slowing down

Stock buybacks are the preferred form of financial engineering in corporate America, through which companies borrow like crazy and give the money to their shareholders, artificially increasing their earnings-per-share ratio, massively reducing real economic growth, while enriching a tiny number of already-wealthy investors: but buybacks may finally be coming to an end. Read the rest