Stocks rose slightly on Friday as Wall Street wrapped up a solid weekly performance that featured record levels amid strong global economic data and a solid start to the earnings season. The Dow Jones Industrial Average closed 50.46 points higher, or 0.2% at 29,348.10. The S&P 500 climbed 0.4% to 3,329.62 while the Nasdaq Composite advanced […]
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Apple’s App Store appeals process would make ‘Kafka blush,’ entrepreneur tells Congress
Apple CEO Tim Cook delivers the keynote address during a special event on September 10, 2019 in the Steve Jobs Theater on Apple’s Cupertino, California campus. Justin Sullivan | Getty Images Technology executives said that Apple’s App Store platform has too much power in a congressional hearing in Boulder, Colorado […]
As stocks hit more and more records, there are signs traders may be getting way too euphoric
Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., January 15, 2020. Brendan McDermid | Reuters Wall Street may be getting a bit too excited about the stock market’s hot start to the new year. The S&P 500 has already jumped nearly 3% […]
Federal agency looking into Tesla driver complaints of sudden unintended acceleration
Tesla Model 3 Source: Tesla A division of the U.S. Department of Transportation is looking into driver complaints that Tesla electric vehicles may suddenly accelerate on their own. CNBC has learned that an independent investor, Brian Sparks, submitted a petition to the National Highway Traffic Safety Administration and its Office […]
Epic Systems, a major medical records vendor, is warning customers it will stop working with Google Cloud
Thomas Kurian, CEO of Alphabet’s Google Cloud, speaks at the Google Cloud Next conference in San Francisco on April 9, 2019. Michael Short | Bloomberg | Getty Images Account reps from Epic Systems, one of the largest providers of medical record systems, have started calling customers with a clear message: […]
The CDC and Homeland Security begin screening for Chinese Coronavirus at three major US airports as outbreak spreads in Asia
Medical staff transfer patients to Jin Yintan hospital on January 17, 2020 in Wuhan, Hubei, China. Getty Images U.S. health and Homeland Security officials will begin screening at major U.S. airports for the new Chinese Coronavirus that has caused two deaths and more than 40 infections in China. The Centers […]
Treasury brings back the 20-year bond to pay for the ballooning deficit
The Treasury Department is issuing a 20-year bond for the first time in 34 years to help pay for the ballooning $1 trillion dollar budget deficit. The Treasury announced the new issue Thursday, and strategists said it could start trading as early as May. Treasury will announce more details Feb. […]
Tennessee Gov. Lee to sign anti-LGBTQ adoption bill despite Amazon, Nike opposition
Tennessee Gov. Bill Lee speaks during a Gospel Music Association ceremony in Nashville. He plans to sign an adoption bill that the LGBTQ community and many businesses say is discriminatory. Terry Wyatt | Getty Images Businesses are expressing disappointment in response to Gov. Bill Lee’s plans to sign an anti-LGBTQ […]
The US is running a $1 trillion deficit, but politicians and investors don’t see a problem
Treasury Secretary Steve Mnuchin with current national debt signage in background. Tom Williams | CQ Roll Call | Getty Images The U.S. Treasury released eye-popping numbers this week that show the federal budget deficit is on course to cross $1 trillion in fiscal 2020, yet nobody seems to care. The […]
The Giants just hired Alyssa Nakken—as the first full-time female coach in MLB history
Former Sacramento State softball star Alyssa Nakken is making Major League Baseball history by becoming the first full-time female coach in the league. On Jan. 16, San Francisco Giants manager Gabe Kapler rounded out his coaching staff by hiring Nakken and Mark Hallberg as team assistants, MLB.com reported. Nakken, who was […]