Trump to Propose Moratorium on New Financial Regulations [Bloomberg]
Donald Trump will propose a temporary moratorium on new financial regulations in an economic speech Monday in Detroit in an effort to draw a stark contrast with the domestic policies of Hillary Clinton, who he says “punishes” the American economy.
The Republican presidential nominee’s speech will focus on providing regulatory relief for small businesses, according to senior campaign aides familiar with its contents. More broadly, Trump will say he will not propose any new financial regulations until the economy shows “significant growth,” the aides said. Trump has previously said he would repeal and replace the 2010 Dodd-Frank Act.
Trump will also propose a repeal of the estate tax, sometimes called the “death tax.” Under current law, the 40 percent tax applies only to estates larger than $5.45 million for individuals and $10.9 million for couples.
Walmart is buying Jet.com for $3 billion and will announce the deal on Monday [recode]
Walmart, the world’s largest retailer, is set to acquire two-year-old online retailer Jet.com in what appears to be the largest-ever acquisition of an e-commerce company, according to multiple sources familiar with the transaction.
The deal is expected to value Jet at right around $3 billion, according to these people. Some senior Jet executives, including co-founder and CEO Marc Lore, will have incentive bonuses on top of that.
Lore will continue to run Jet as well as Walmart’s U.S. e-commerce operations after the acquisition closes.
Amazon Japan raided on suspicion of antitrust practices: Nikkei [Reuters]
Japan's Fair Trade Commission has raided the offices of Amazon.com Inc's local unit on suspicion of pressuring retailers to offer products at lower prices than on rival sites, the Nikkei business daily said on Monday.
The paper, which cited unidentified sources with knowledge of the case, did not say when the raid took place.
A Japan Fair Trade Commission spokesman said he could not confirm the report but added: "I won't say the contents are incorrect."
An Amazon Japan spokeswoman declined to comment.
Bank of England governor Mark Carney went to a festival and got a glitter tattoo [BI]
Bank of England governor Mark Carney was pictured with a glitter tattoo on his face, enjoying a well-earned break after the BoE cut interest rates for the first time since 2009 on Thursday.
Carney was pictured at the Wilderness Festival in Oxfordshire, an event held on the estate of Lord and Lady Rotherwick, the latter of whom is the older sister of Carney's wife, Diana.
Emperor Akihito of Japan Raises Possibility of Leaving Throne [NYT]
It has been something of an open secret in Japan that Emperor Akihito would like a privilege most people take for granted: At 82, he wants to retire. The question is whether the Japanese and their elected leaders will let him.
In an extraordinary televised address on Monday, the popular emperor spoke publicly about the issue for the first time. Though his words were characteristically vague — he discussed his age, his rigorous daily schedule and what he called his increasing physical limitations — the message was unmistakable.
“When I consider that my fitness level is gradually declining, I am worried that it may become difficult for me to carry out my duties as the symbol of the state with my whole being as I have done until now,” the emperor said in a prerecorded address that lasted about 10 minutes and was broadcast on multiple Japanese television networks.
If Akihito steps down, the move could redefine Japan’s royal family, the world’s oldest hereditary monarchy. While the emperor now has only symbolic power, an abdication could also resurrect a contentious issue in Japan: the debate over allowing a woman to occupy the throne.
Delta Grounds Flights Worldwide Following Computer Outage [Bloomberg]
Delta Air Lines Inc.’s global operations were thrown into disarray after a computer outage grounded takeoffs worldwide, the second system failure to disrupt a major U.S. carrier in less than a month.
A power outage in the carrier’s home city of Atlanta that began at 2:38 a.m. local time affected computer systems worldwide, including flight status displays, its website and some mobile and airport technology, Delta said. Planes that have already departed are operating normally, the airline, the U.S.’s second-largest, said on its website.
“Delta is advising travelers to check the status of their flights this morning while the issue is being addressed,” it said. The company didn’t estimate how long repairs will take.
Deceased Man’s Wife And Girlfriend Write Competing Obituaries [HuffPo]
On their own, neither of Leroy Black’s two obituaries is anything out of the ordinary.
But placed side by side, as they were in New Jersey’s Press of Atlantic City, they’ve been raising some eyebrows.
Black, 55, who lived in Egg Harbor Township, died of cancer on Aug. 2. The top obituary published in the paper on Aug. 5 states that he “is survived by his loving wife, Bearetta Harrison Black.” Another obituary, placed directly below the first, makes no mention of the wife, but notes that Black is survived by “his long-tome [sic] girlfriend, Princess Hall.”