Federal regulators plan to discuss why a train hit a bus stuck on a Mississippi railroad crossing in March 2017, and what can be done to prevent another accident like the one that killed four Texas tourists. The National Transportation Safety Board is scheduled to meet Tuesday morning in Washington, […]
FOX Business News
For Facebook, It’s Time to Pay the Piper
Over the past year, it seemed like Facebook (NASDAQ: FB) was made of Teflon, and nothing would stick. The market seemed to brush off the data scandal that led to U.S. election interference, Congressional hearings, and a 500,000-pound fine (about $655,000 at current exchange rates) levied by British authorities who […]
Why This Much-Overlooked Mid-Cap’s Feeling Saltier Than Ever
When your primary business is selling road salt to highway departments, it’s natural not to expect very much during the summer months. Compass Minerals International (NYSE: CMP) has diversified into the plant nutrition industry in an effort to flatten out its annual revenue and profit cycles, but the salt business […]
Apple CEO Tim Cook Talks Services, ASPs, and Tariffs
Apple (NASDAQ: AAPL) delivered a very strong third-quarter fiscal 2018 with sales climbing 17% year over year and earnings per share growing by 40%. The company’s revenue of $53.3 billion and earnings per share of $2.34 easily outpaced Wall Street’s expectations and no doubt pleased shareholders. There’s already been a […]
Grand Theft Auto Helps Drive Take-Two’s Impressive Quarter
Going into Take-Two Interactive Software‘s (NASDAQ: TTWO) first-quarter earnings report, investors had plenty of lingering doubts that had carried over from its fourth-quarter report in May. The surging popularity of free-to-play games in the battle royale genre, led by Epic Games’ Fortnite, had many wondering whether it was merely the […]
The Truth About Cord Cutting
Cord-cutting is accelerating, there’s no doubt about it: The industry first experienced an annual drop in customers in 2013, and the number of defectors has grown each year. It’s easy, however, to use selective data to make the issue seem worse than it is. eMarketer, a credible digital publication, claimed […]
Walmart Doesn’t Need to Fight Amazon on Every Field
We get it. Walmart (NYSE: WMT) wants to fight Amazon.com (NASDAQ: AMZN) everywhere: groceries, next-day and same-day delivery, meal kits, and online shopping. But one field on which it doesn’t need to do battle is video streaming. According to The Information, Walmart executives are mulling the possibility of offering a […]
3 Ways Blockchain Technology Can Change Health Care
This article was originally published on ETFTrends.com. A survey by technology giant IBM revealed that 16% of health care executives are planning to incorporate blockchain technology into their facilities within the next year and with the rising costs of health care, having more efficient operations can help reduce the bottom […]
Treasury bill rates continue rise; highest level since 2008
Interest rates on short-term Treasury bills rose in Monday’s auction, their climb keeping them at their highest levels in more than a decade. The Treasury Department auctioned $51 billion in three-month bills at a discount rate of 2.010 percent, up from 2.000 percent last week. Another $45 billion in six-month […]
Zillow stock plummets as company buys mortgage lender
Cheap mortgages a thing of the past? The Property Man host Bob Massi on the impact of rising interest rates on the housing market and the state of the American dream to own a home. Zillow shares fell sharply late Monday after the company announced plans to buy a national […]