Earning season presents the next hurdle for stocks, and Wall Street’s bull market is expected to leap right over it, with some help from tax reform. With little economic data expected in the coming week, earnings could be the main event for markets with many large financial institutions – such […]
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For $16,000 this robot will fold your laundry, but not your socks
This week at CES, Japanese company Seven Dreamers demoed its laundry-folding robot, Laudroid. The machine was set up in a mock living room and is about the size of a very tall dresser. Clothing dropped in the bottom drawer is picked up by two robotic arms and unfolded so that […]
Walmart is reportedly planning to cut over 1,000 corporate jobs
Walmart is planning to cut over 1,000 corporate jobs, the Wall Street Journal reported Friday citing sources. The layoffs, expected to be completed by Jan. 31, 2019, will focus largely on employees in its corporate headquarters, the report said. Walmart, the country’s largest private employer, has 1.5 million workers in […]
Why a better economy won’t stop the opioid epidemic
There’s a common story told in the media about the opioid epidemic: In this telling, it’s not a coincidence that many of the communities that have been hit hard by the drug overdose crisis happen to be Rust Belt and Appalachian towns that have seen jobs leave over the past […]
Trump’s medical exam ‘went exceptionally well,’ doctor says
President Donald Trump on Friday received his annual medical checkup, his first ever while serving as commander in chief. The doctor in charge of the exam said it “went exceptionally well,” although he did not divulge any further details. Trump’s checkup, conducted by Walter Reed National Military Medical Center, did […]
After a miserable 2017, VCs offer predictions on digital health IPOs for 2018
At the end of every year, investment fund Rock Health asks the venture and start-up community to vote on the top digital health IPO of the year. In 2017, Tabula Rasa Healthcare won — even though the company actually went public in September 2016. It was such a drought that […]
Dropbox still isn’t worth $10 billion, but its valuation has been creeping up
It’s been four years since investors valued Dropbox at $10 billion. Since then, in the eyes of mutual funds and other shareholders, the company has been unable to justify that price. But as the cloud file sharing and document collaboration company prepares to go public, investment firms have been gradually […]
Trump’s racial provocations, so shocking in the White House, helped get him there
In a large, diverse country, campaigns span a broad array of interests and motivations. But the political foundation of Donald Trump‘s presidency was racial grievance. Trump has repeatedly appealed to unhappy whites with his denunciation of Mexican immigrants, his defense of white supremacist protesters, and his attacks on black athletes […]
Walmart’s bonuses: Here’s what workers will receive
Walmart announced on Thursday its plans to give out bonuses of up to $1,000 to some of its employees, following the passage of new tax legislation that slashes corporate tax rates. However, the amount each hourly worker receives will depend on his or her time with the company. (See a […]
Goldman CEO Blankfein jabs at Trump: ‘Despite all the sh*t, American values will shine through’
Goldman Sachs CEO Lloyd Blankfein has once again taken a subtle jab at the Trump administration on social media, penning a response to the president’s characterization of certain nations as “sh**hole countries.” In a message on his verified Twitter account Friday afternoon, Blankfein posted a picture of the Statue of […]