Data analytics and security company Palantir Technologies must open its books to early investor Marc Abramowitz, who wants to investigate possible fraud and mismanagement at one of the most highly valued private U.S. companies, a judge ruled on Thursday. Abramowitz sued the secretive company, known for helping the U.S. government […]
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Trump’s loyalty to the NRA diminishes hopes for stronger gun control
When it comes to new gun restrictions in 21st century America, the smart bet is: not happening. President Donald Trump on Thursday dangled the possibility of change. He reserved his greatest enthusiasm for supplying selected teachers with guns in hopes they could stop school shootings faster than police. But Trump […]
California agriculture sees ‘chilling, damaging effect’ from wave of immigration audits
California’s agriculture industry already faces a farm labor shortage but now it’s facing added pressure due to a wave of employee audits ordered for large farms throughout the state’s Central Valley. Up to 10 agribusiness employers in the state’s San Joaquin Valley were recently contacted by the U.S. Immigration and […]
State pensions and fund companies feel heat over their gun stock investments
A fresh wave of scrutiny is washing over big state employee pension funds and money managers that invest in shares of gun makers one week after the deadly shootings in a Florida high school. New Jersey state lawmakers on Thursday moved to restrict the state’s public pensions from investing in […]
Intel did not tell cybersecurity officials about chip flaws until made public
Intel did not inform U.S. cyber security officials of the so-called Meltdown and Spectre chip security flaws until they leaked to the public, six months after Alphabet notified the chipmaker of the problems, according to letters sent by tech companies to lawmakers on Thursday. Current and former U.S. government officials […]
Takata agrees to settle investigation over deadly air bags
Takata’s U.S. unit agreed Thursday to settle a probe by 44 state attorneys general into claims it concealed a deadly safety defect with air bag inflators. TK Holdings, which is in bankruptcy reorganization proceedings, agreed in the settlement to a $650 million civil penalty over the defect linked to at […]
Muni bonds face ‘steep decline’ ahead, challenging Trump’s infrastructure plan
The precipitous rise in bond yields is being felt across a number of markets but perhaps none more than municipal bonds, where the trend ultimately could help jeopardize a critical part of President Donald Trump‘s economic agenda. For local and state governments, the cost to finance debt has spiked on […]
Next up for markets: new Fed chair Powell weighs in on the interest rate debate
Market pros are hoping Federal Reserve chair Jerome Powell will help calm the violent tug of war between bonds and stocks. The first clue of that could come Friday, when the Fed releases its Monetary Policy Report, expected to be a blueprint for Powell’s testimony before Congress next week. Powell […]
Amazon and Netflix just hit all-time highs. Here’s which one is a better buy
These stocks are on fire. Shares of tech behemoths Amazon and Netflix are surging this year. The stocks, up a respective 27 percent and 45 percent in 2018, both just hit all-time highs, and some market watchers see one as the clear pick. While both stocks are solid growth names, […]
Florida shooting shows how hard it will be for Facebook to fight its fake news problem
The massive quantity and dizzying variety of content about the recent Florida high school shooting on Facebook shows how hard it’s going to be for the company to fight fake news. If Facebook wants to rid itself of misinformation, it’s going to take more than tweaking the software it uses […]