(Bloomberg) -- The U.S. solidified its status as an energy producer by posting the first full month as a net exporter of crude and petroleum products since government records began in 1949.The nation exported 89,000 barrels a day more than it imported in September, according to d … | Continue reading
Intel made the claims in a brief filed with the 9th U.S. Circuit Court of Appeals, where Qualcomm is seeking to overturn a sweeping antitrust decision against it after losing a lawsuit by the U.S. Federal Trade Commission. Intel, whose executives testified at the trial, argued o … | Continue reading
(Bloomberg) -- A third Hong Kong stock in less than a week lost most of its value in a sudden one-day plunge, underscoring concern that the $5.2 trillion market has become a breeding ground for wild volatility.China First Capital Group, an investment company that focuses on finan … | Continue reading
A David and Goliath lawsuit is shaking out between a small Georgia-based meal kit company, and retail giant Target. | Continue reading
Bandit, a new coffee chain inspired by Luckin Coffee in China, promises "the easiest cup of coffee ever." | Continue reading
(Bloomberg) -- Amazon.com Inc. filed a lawsuit on Friday challenging the Defense Department’s choice of rival Microsoft Corp. for a Pentagon cloud-computing contract worth as much as $10 billion.The lawsuit, which was filed under seal in the U.S. Court of Federal Claims in Washin … | Continue reading
Xerox Holdings Corporation (NYSE: XRX) means business when it comes to acquiring computer hardware company HP Inc (NYSE: HPQ). Connecticut-based Xerox made a buyout offer to HP earlier in November. HP turned down the “unsolicited” offer last week, saying it “significantly under … | Continue reading
The new Mustang Mach-E electric performance vehicle owes a debt to Tesla and its iconoclastic CEO, Elon Musk. | Continue reading
New data from the New York Fed highlights how the unemployment rate for recent graduates is worsening. | Continue reading
The Internet Society and Public Interest Registry (PIR) today announced that they have reached an agreement with Ethos Capital, under which Ethos Capital will acquire PIR and all of its assets from the Internet Society. “This is an important and exciting development for both the … | Continue reading
MIAMISBURG, Ohio, Nov. 12, 2019 /PRNewswire/ -- Verso Corporation (NYSE: VRS or the "Company") today announced that it has entered into a definitive agreement to sell its Androscoggin mill, located in Jay, Maine, and its Stevens Point mill, located in Stevens Point, Wisconsin, to … | Continue reading
The Federal Reserve Bank of San Francisco held the central bank's first ever conference focused on climate change on Friday. | Continue reading
Average investors have been shut out of getting in on early gains as excesses have gone unfettered. | Continue reading
Uber Technologies Inc's autonomous test vehicles were involved in 37 crashes in the 18 months before a fatal March 2018 self-driving car accident, the National Transportation Safety Board (NTSB) said on Tuesday. The board said between September 2016 and March 2018, there were 37 … | Continue reading
(Bloomberg) -- U.S. meat markets had so far been shielded from the effects of a deadly pig disease wiping out Asian herds. That’s starting to change.As pork supplies plummet in China, the world’s top consumer is desperate for meat and is ramping up imports. As a result, it’s beco … | Continue reading
Plummeting cranberry prices and the country's ongoing trade wars have America's cranberry industry eyeing a possible new savior: solar power. Some cranberry farmers in Massachusetts, the nation's second largest grower after Wisconsin, are proposing to build solar panels above the … | Continue reading
Yahoo Finance analyzes donations made by FAANG and Microsoft employees to top Democratic candidates. | Continue reading
(Bloomberg) -- Explore what’s moving the global economy in the new season of the Stephanomics podcast. Subscribe via Pocket Cast or iTunes.Signs of declining health for American men abound in the National Center for Health Statistics latest annual report.Life expectancy at birth … | Continue reading
(Bloomberg) -- Explore what’s moving the global economy in the new season of the Stephanomics podcast. Subscribe via Pocket Cast or iTunes.The payday-loan business was in decline. Regulators were circling, storefronts were vanishing and investors were abandoning the industry’s bi … | Continue reading
If Amazon.com decides to fight the Pentagon's decision to award a highly contested $10 billion cloud computing contract to Microsoft, it could act as early as next week. A challenge to the Defense Department's award announced Friday is widely expected by legal experts, analysts … | Continue reading
Stock prices are touching new records and it's amazing considering all the negative news on trade and economy this year. | Continue reading
(Bloomberg) -- Explore what’s moving the global economy in the new season of the Stephanomics podcast. Subscribe via Pocket Cast or iTunes.Jamie Dimon has been quick to trumpet the strength of U.S. consumers. Federal Reserve chief Jay Powell calls them a bright spot that is count … | Continue reading
(Bloomberg) -- Ubisoft Entertainment SA plunged the most in six years after the poor performance of two recently released video games forced the company to slash its full-year targets.The stock fell as much as 29% in Paris after Ubisoft cut its forecast for net bookings to about … | Continue reading
(Bloomberg) -- A “decade of darkness” in California is offering a huge opportunity for the sale of generators that keep the lights on when the power grid goes down.That’s the view of Aaron Jagdfeld, chief executive officer of Generac Holdings Inc., the Wisconsin-based maker of ge … | Continue reading
(Bloomberg) -- America is sitting on a mountain of uneaten bacon.More than 40 million pounds (18,000 metric tons) of pork bellies, the cut used for bacon making, were sitting in refrigerated warehouses as of Sept. 30, according to U.S. government data released Tuesday. That’s the … | Continue reading
(Bloomberg) -- The futuristic door handles on Tesla Inc.’s Model S are being blamed for a fatal crash in which a police officer was unable to pull a man to safety from his burning car.Omar Awan, a 48-year-old anesthesiologist, was driving his leased Tesla in February when he lost … | Continue reading
WASHINGTON, D.C. — A year after taking over the assets of a Redmond, Wash.-based asteroid mining company known as Planetary Resources, ConsenSys Space has unveiled its first project: an app-based system that makes use of amateur observers and Ethereum blockchain technology to kee … | Continue reading
Shares of Peloton Interactive slumped 6% on Monday, even after a multitude of buy ratings from the stationary bike seller's IPO banks, underscoring Wall Street's growing exhaustion from money-losing startups. At least 14 underwriters of Peloton's initial public offering on Sept … | Continue reading
(Bloomberg Opinion) -- The reason it was even conceivable for Dyson Ltd. to make an electric car may also have been why its project was doomed to fail: They’re simply too easy to make. The British company, best known for its expensive vacuum cleaners, has now abandoned its 2 bill … | Continue reading
(Bloomberg Opinion) -- However frothy valuations currently seem to be, optimists can always argue they’re justified by strong earnings. In the past four years, S&P 500 operating earnings per share have grown by nearly 40%.Those numbers, however, may be as airy as the asset prices … | Continue reading
Vir's disastrous IPO deals another blow to Japan's SoftBank , which is still smarting from the botched initial public offering of WeWork last month following increased investor skepticism regarding the office-sharing startup's path to profitability. SoftBank's $100-billion Visi … | Continue reading
NEW YORK, NY / ACCESSWIRE / October 10, 2019 / Bronstein, Gewirtz & Grossman, LLC notifies investors that a class action lawsuit has been filed against Dropbox, Inc. ("Dropbox" or the Company") (DBX) and certain of its officers, on behalf of shareholders who purchased Dropbox Cla … | Continue reading
Apple Inc Chief Executive Tim Cook on Thursday defended the iPhone maker's decision to remove a police-tracking app used by protestors in Hong Kong from its App Store, according to a copy of the letter seen by Reuters and confirmed by Apple. "This use put the app in violation of … | Continue reading
Shares of insurer James River Group Holdings Ltd. slid 22% Wednesday, after the insurer said it plans to cancel all policies issued to its biggest customer, Uber's commercial auto business Raiser LLC. "This account has not met our expectations for profitability, and we think it … | Continue reading
The United States is less competitive than it was a year ago and the global economy remains hobbled by low productivity despite a decade of cheap money from central banks, the World Economic Forum said Wednesday. In its latest assessment of the factors behind productivity and lo … | Continue reading
(Bloomberg) -- “Where’s the best place to hide a body? The second page of a Google search.”The gallows humor shows that people rarely look beyond the first few results of a search, but Lee Griffin isn’t laughing.In the 13 years since he co-founded British price comparison website … | Continue reading
Tariffs are expected to cost American households more than $2,000 per year in 2020, according to a recent report from the National Foundation for American Policy (NFAP). | Continue reading
The Competition and Markets Authority said three companies broke competition law by agreeing to a drug monopoly in the UK. | Continue reading
The 2020 hopeful and entrepreneur nearly tippled the cash his campaign brought in. | Continue reading
(Bloomberg) -- Robert Loehr’s dealership is hanging in just fine, much like Fiat Chrysler Automobiles NV’s sales did last quarter. But just as investors doubt the U.S. car market can sustain near-record results for much longer, the Georgia retailer is apprehensive about a key iss … | Continue reading
Javascript is needed to play this video The value of a college education has been a hot topic of discussion here at Tech Ticker. Now there's more fodder for debate. A new study from Princeton University shows that expensive college degrees are not necessarily worth the lofty pri … | Continue reading
Former Amazon employees confirm third-party sellers' concern on how their data are used. Regulators are taking a closer look. | Continue reading
(Bloomberg) -- Rick Stone, a former partner at Cadwalader, Wickersham & Taft, sees treacherous times ahead for family offices trying to deploy cash.The head of Stone Family Office said he doubts the bond market will provide any real return over the next decade, that equity market … | Continue reading
(Bloomberg) -- Mitsubishi Corp. said a rogue oil trader at its Singapore unit lost $320 million in unauthorized transactions disguised as legitimate hedges for customers.The employee, a Chinese national working at Petro-Diamond Singapore Pte, has been fired and reported to police … | Continue reading