5 Most Important Things in Business Today

By Douglas A. McIntyre Updated Mar 13, 3:09PM EDT · Published Sep 12, 5:10AM EDT

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5 Most Important Things in Business Today — © Volkswagen AG

Apple Inc. (NASDAQ: AAPL) will launch new iPhones. Rumors are that there will actually be three. The first will be the iPhone 8, the next the iPhone 8 Plus and the final an advanced version called the iPhone X.

China has set regulations to close Bitcoin exchanges in the country. The decision could knock down Bitcoin values because the size of the market is key to the future of the new currency.

The United Nations approved a number of sanctions against North Korea. However, the deal was short of U.S. pressure for more restrictions.

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Volkswagen will continue to gamble its future on diesel more than electric cars. According to CNBC:

“The diesels we are offering today are clean. They comply with the Worldwide Harmonised Light Vehicle Test Procedure (WLTP) requirements and they meet the requirements and needs of our customers,” Matthias Mueller, CEO of VW, told CNBC at the Frankfurt motor show.

Mueller explained that VW plans to continue to develop diesel cars, despite a global pushback against the technology by regulators and governments since the emissions scandal.

“There’s going to be a co-existence between combustion engines and electrified drive systems over the next 10 to 20 years, so against this background we should all be patient and relaxed and leave the decision to our customers, they should decide which concept they prefer,” he told CNBC during an interview recorded on Monday.

It will be some time before large refineries in Texas recover from Hurricane Harvey. According to CNNMoney:

Hurricane Harvey packed such a powerful punch that more than a dozen Gulf Coast oil refineries are still hurting two weeks after the storm struck Texas. Five oil refineries remain shuttered as of Monday, according to S&P Global Platts, an energy research firm. Ten more are partially shut down as they attempt to recover from historic flooding. All told, about 2.4 million barrels of daily refining capacity in Texas is offline because of Harvey, Platts estimates. That is about 13% of the country’s total ability to turn oil into gasoline, jet fuel and other products.

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.