A pilot is severely burned after crashing his plane--it’s the third crash this year at the Smoketown Airport and all three planes have one thing in common.
(A Sears store seen in 2014 in Coral Gables, Florida.Joe Raedle/Getty Images) Sears Holdings is closing 20 more stores in the US, in addition to the 245 closings that had already been announced this year. The company announced the latest closures to
The coal magnate Robert Murray has filed a lawsuit against John Oliver, HBO, Time Warner, and the writers of Oliver's show over the most recent episode of "Last Week Tonight," The Daily Beast reports. In a segment on the show, Oliver took on Murray's business practices and the safety hazards of the coal industry at large. Murray — who runs Murray Energy Corporation, the largest private coal company in the country — filed the suit Wednesday.
Jack Ma, founder of Chinese e-commerce behemoth Alibaba, sees serious change on the horizon. In the next 30 years, artificial intelligence will outpace human knowledge, leading to job loss, the billionaire tells CNBC's David Faber. Jobs will be taken away," Ma says.
In a market that has plenty to worry about, whether it be the Senate health care bill , retail's demise , or impending deflation , Jim Cramer says it is preoccupied by one thing only: Amazon (NASDAQ: AMZN). "I think the undercurrent, or I should say the undertow, of Amazon, is such a dominant threat to so many consumer-related sectors in a consumer-driven economy that it's sinking whole swaths of stock once again," the " Mad Money " host said. Cramer said analysts and companies alike are waking up to Amazon's far reach, from its Web Services platform to its consumer-oriented online interface.
By Victoria Bryan and Tim Hepher PARIS (Reuters) - Boeing won a race for new business at the Paris Airshow, rolling out a new model of its best-selling 737 airliner that helped it claim back the order crown from rival Airbus After a show in which both manufacturers did brisk business under a sweltering sun, the European planemaker said on Thursday it had won 346 net new orders and commitments - including a last-minute order for 20 - while U.S. rival Boeing reached 571. "The MAX stole the show," Ihssane Mounir, vice president of sales and marketing at Boeing's commercial aircraft division, said. "This is probably one of our busiest air shows." Combined orders were stronger than expected and edged past the total from the same show two years ago, but were well below a 2011 order blowout when Airbus alone managed a similar tally.
Sameer Syed believes that Wall Street alumni have a lot to offer the tech world — but he knows firsthand how hard switching industries can be. Syed started off as an investment banker at JPMorgan, landing his first job as an analyst in 2007. In 2012, he left to join the realm of tech startups.
Kia has done it again: for a second year in a row, the South Korean brand has come out on top of J.D. Power's Initial Quality Study. The Initial Quality Study is a great one for new-car buyers to watch. Unlike Power's equally well-known Dependability Study, which evaluates new cars based on the number of problems they have over several years, the Initial Quality Study rates vehicles according to the number of issues they experience during the first 90 days of ownership.
Retirees can look forward to the largest Social Security cost-of-living adjustment next year since 2012 - but don’t break out the champagne just yet. For many, higher Medicare premiums will take a big bite out of their raise. The 2018 Social Security cost-of-living adjustment (COLA) will not be announced until October, but inflation trends point toward an increase of about 2 percent, according to a recent forecast by the Senior Citizens League.
Three of President Donald Trump's roles converge next week as he holds his first re-election fundraiser at his hotel in Washington. Trump can see the Trump International Hotel from the White House lawn, making it a premier and convenient location for the June 28 major-donor event, his campaign director Michael Glassner said. Kathleen Clark, a former ethics lawyer for the District of Columbia, said that while not illegal or even unusual for Trump, it's a bold example of self-dealing that deeply concerns some Americans.
Gilead Science Inc. (GILD) is extending Tuesday's high volume gain. This impressive move has driven the stock to fresh June highs as a major bottom begins to take shape. Gilead is leaving behind a very solid base and, like much of the Biotech sector, is setting up well for more upside. Gilead has been very listless for the last four months. This sideways to lower action began with a devastating breakdown following the company's fourth-quarter earnings report. The stock fell nearly 9% on the news as volume surged to its heaviest level in years. Gilead quickly recovered but the massive amount of supply left behind after the Feb. 8 collapse provided extremely heavy overhead pressure. The stock
It's officially summer, which means that throngs of recent college grads will spend the next few months hunting for their first post-scholastic job. As they consider the best places to make use of their skills and pay their bills, they might want to look
AT&T (NYSE: T) is on pace to invest around $22 billion in the United States this year, CEO Randall Stephenson told CNBC on Thursday. Stephenson is among the tech leaders heading to the White House later Thursday to meet with President Donald Trump to discuss the potential impact of emerging technologies on U.S. industrial workers. Ahead of the tech meeting, Stephenson told "Squawk Box" the company will increase its capital investments if Trump delivers on tax reform by the end of the year.
Equity markets are at all-time highs which makes it difficult to commit long most stocks. Disney stock peaked in April and since then has corrected over 10%. DIS stock is not expense from a price-earnings perspective and it pays a nice dividend to boot.
It can be tempting to put retirement on the back burner. Between fixed monthly costs, student loans and other savings goals such as a home or car, it can seem impossible to also make room in the budget for retirement contributions.
Foxconn (2317.TW), the world's largest contract electronics maker and a major Apple Inc (AAPL.O) supplier, plans to invest more than $10 billion in a display-making factory in the United States and will decide on the location of the plant next month. The Taiwan-based firm has been eyeing U.S. investments for some time and its CEO, Terry Gou, had previously said the company hoped to spend over $7 billion to set up a display-making plant in the country - which has no panel-making industry but is the No.2 market for televisions. Foxconn, formally known as Hon Hai Precision Industry Co, is currently considering Wisconsin, Ohio, Michigan, Pennsylvania and North Carolina as possible locations, Gou told reporters after the company's annual shareholders meeting on Thursday.
Word on the street is that Harley might snap up Ducati in the not-so-distant future. According to Reuters, Harley-Davidson is considering a US $1.67 billion deal to acquire Italian motorcycle maker Ducati. The story’s undisclosed sources report that Milwaukee has hired Goldman Sachs to work on the deal, and that possible bids may come as soon as next month.
Jack Ma, Founder and Executive Chairman of Alibaba Group Holding, addresses the media during the inaugural Gateway ’17 event at Cobo Center in Detroit, Michigan, U.S., June 20, 2017. “China is shifting from exporting to importing,” Alibaba CEO Jack Ma said in Detroit on Wednesday. Ma said this during Gateway ’17, the e-commerce giant’s biggest public event in the US, where he addressed 3,000 small business owners and urged them not only to import from China, but also to sell to China.
Under Amazon, it’s not clear how many workers will make the cut. Thank God I don’t work at Whole Foods anymore. If I still worked the fish counter at Whole Foods, I’d have to work harder and more efficiently — while eating fewer samples — to justify my job over Amazon’s robots.
What happened Chesapeake Energy (NYSE:CHK) stock closed today down 7.9%. So what Chesapeake Energy got caught up in the broader oil-sector rout that hit markets today, cratering oil stocks left and right. Chesapeake also got hit by an analyst downgrade at Australian banker Macquarie, which cut Chesapeake stock from "neutral" to "underperform." On top of the broader concerns over oil prices, which declined below $43 today, Macquarie warned that Chesapeake is expected to "materially" outspend its cash flows, which is not a good thing to do given the company's already high leverage (i.e., a lot of debt). Macquarie is concerned about Chesapeake's liquidity if it continues to spend money it doesn't
If you’ve been waiting for confirmation to pick up Advanced Micro Devices, Inc. (NASDAQ:AMD), there’s growing evidence — on and off the price chart — that the time is now. Advanced Micro has just launched its Epyc enterprise server processor, and Wall Street is going bananas over AMD stock as a result. Aimed at the data center market, Epyc is a high-performance server processor which is positioned to beat Intel Corporation’s (NASDAQ:INTC) competing Xeon.
Geron Corporation GERN is developing anti-cancer therapies based on telomerase inhibitors. The company’s telomerase technology platform represents significant commercial opportunity. The successful development of products that target telomeres could change
Preparing for your "golden years" is a big focus of any financial plan. Will you invest in real estate and the stock market to save? Do you have an IRA or company retirement plan? These are all great questions. But making sure you're covered financially is only one part of the bigger picture. The question that is often overlooked when planning for retirement is how, exactly, you want your life to look after you retire. As in: What do you want to do with your time? Retirement planning isn't just about the money, but is equally about the significant life changes you will face. "People come into our office wanting to retire and they are clear what they want to retire from: a job, a career, a bad
Wal-Mart (WMT) could step in as a rival bidder for Whole Foods Market (WFM), JPMorgan analysts said, as shares of the grocery chain rose above the $42 price offered by Amazon (AMZN) earlier this month. JPMorgan research analysts said in a note Thursday that Wal-Mart could be drawn to Whole Foods for its relatively wealthier customers and strong brand, not to mention the chance to thwart Amazon's ambitions. "We do think there is a chance that Walmart makes a bid," the report said.