Asian shares slid in early Tuesday trade, with Japan leading losses in the region after markets stateside came under pressure from the drop in tech stocks and trade-related worries. Japan’s Nikkei 225 fell 1.41 percent amid broad-based losses. The broader Topix slid 1.04 percent, with just the electric and gas […]
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Google is splitting AI into its own business unit and shaking up its search leadership
The executive leading Google‘s search and artificial intelligence units, John Giannandrea, is stepping down after two years on the job, the company confirmed on Wednesday. Giannandrea’s role will now be split between two executives: Jeff Dean, the cofounder of Google Brain, one of the company’s AI research arms, will lead […]
Market plunges on first day of second-quarter trading, but some analysts remain bullish
The market continued its downward momentum Monday as all major indices fell on the second day of April and the first day of second-quarter trading. But some analysts said this isn’t the end of the bull market. “Bull markets don’t just die of old age,” Christopher Cordaro, chief investment officer […]
Walmart is looking at buying PillPack, an online pharmacy, for under $1 billion
Online pharmacy start-up PillPack is in talks to be acquired by Walmart for under $1 billion, according to two sources familiar with the matter. PillPack’s focus on making it easier for customers to order and fulfill medications is an attractive proposition for Walmart and other e-commerce companies that are looking […]
Tyson Foods shares drop the most in 17 months on China’s retaliatory tariffs
Tyson Foods fell the most in nearly 18 months on Monday after China’s retaliatory tariffs on Americans goods targeted U.S. agriculture and food producers. Shares of the processed food company fell as much as 6.1 percent on the quarter’s first trading day amid a broader market sell-off, falling the most […]
Trump bashes CNN, NBC, defends Sinclair Broadcast Group after ‘fake news’ speeches by local anchors
President Donald Trump on Monday touted Sinclair Broadcast Group, which owns more than two dozen NBC news affiliates, as being “far superior to CNN and even more Fake NBC.” The defense of Sinclair came amid a seven-tweet flurry Monday morning, in which the president weighed in on topics ranging from […]
Sales of US Mint American Eagle gold, silver coins fall in March
Sales in March of U.S. Mint American Eagle gold fell to their lowest for the month, and silver coins dropped to their lowest in 11 years, government data showed. Sales of U.S. Mint American Eagle gold coins fell to their slowest March sales ever, according to records dating back to […]
Trump wants Congress to ‘act now’ on immigration, but that’s unlikely to happen
President Donald Trump wants Congress to pass an immigration bill. He shouldn’t hold his breath. In a tweet Monday morning, the president urged lawmakers to “immediately pass Border Legislation” to stop what he called “the massive inflow of Drugs and People.” Trump pushed Congress to “act now,” contending “our country […]
Here’s how Amazon will win the tax war with Trump
President Trump continued his Twitter war with Amazon on Saturday, going after the ecommerce giant calling it a “scam” that’s costing the Post Office “billions.” Saturday’s missive comes after tweets Thursday saying the company founded by Jeff Bezos pays “little or no taxes to state and local governments.” It wasn’t […]
Trump hits Amazon yet again Monday: Claims post office losing ‘a fortune’ and other retailers pay more in taxes
President Donald Trump bashed Amazon on Twitter claiming the U.S. Postal Service loses “a fortune” delivering packages for the Jeff Bezos-run retailer. Tweet Link “Only fools, or worse, are saying that our money losing Post Office makes money with Amazon. THEY LOSE A FORTUNE, and this will be changed. Also, […]