Coverage: Dow jumps nearly 300 points, closes above 25,000
After finishing lower three of the past four weeks, the Dow Jones industrial average rose 1.2 percent Monday as the blue-chip average gained more than 298 points and closed above 25,000 for the first time since mid-March. Adam Shell of USA Today had the story: Aircraft maker Boeing and Caterpillar, which makes heavy earth-moving equipment, led the Dow […]
Talking Biz News Today — May 22, 2018
Some of Tuesday’s top business news stories: Associated Press Divided Supreme Court sides with businesses over workers, by Mark Sherman Thousands of Vegas casino workers to vote on citywide strike, by Regina Garcia Cano Bloomberg Wells Fargo to boost auto lending as real estate sparks concerns, by Hannah Levitt Tesla Model 3 rebuffed by Consumer Reports on slow […]
Coverage: U.S., China put trade war on hold
The U.S. trade war with China is “on hold” after the world’s largest economies agreed to drop their tariff threats while they work on a wider trade agreement, U.S. Treasury Secretary Steven Mnuchin said on Sunday. Lindsay Dunsmuir and Howard Schneider of Reuters have the news: “We are putting the trade war on hold. Right now, we have […]
Talking Biz News Today — May 21, 2018
Some of Monday’s top business news stories: Associated Press Eels break records in Maine, where they sell for big money, by Patrick Whittle New Starbucks policy: No purchase needed to sit in cafes, by Joseph Pisani Bloomberg At $78,000, Tesla moves mass-market Model 3 beyond the masses, by Sally Bakewell and Olga Kharif I tried to get an AI to […]
WSJ’s Carreyrou talks about covering Theranos
Wall Street Journal investigative reporter John Carreyrou recounts some of the more unusual experiences he had while uncovering the story of Theranos’s business practices. Carreyrou recently discovered that a Theranos employee created a Space Invaders video game where the reporter’s face is the target. “It’s another one of the crazy twists in this crazy story […]
Coverage: Oil prices briefly hit $80 a barrel
Crude-oil prices on Thursday ended little changed, if not slightly higher, after a brief jaunt past $80 a barrel for the international benchmark first the time since 2014. Myra P. Saefong and Sara McFarlane of MarketWatch.com had the news: WTI prices finished flat, having been poised earlier to mark another 3½-year settlement high. Brent prices were barely positive […]
Talking Biz News Today — May 18, 2018
Some of Friday’s top business news stories: Associated Press Lowest U.S. birth rate in three decades could post threat to economy, by Christopher Rugaber U.S. stocks end choppy day slightly lower amid trade worries, by Alex Veiga Bloomberg Tesla may need $10 billion in funding by 2020, Goldman says, by Anthony Palazzo and Molly Smith Surging mortgage rates set […]
Coverage: Housing starts fell in April
The Commerce Department said housing starts dropped 3.7 percent to a seasonally adjusted annual rate of 1.287 million units in April. The decline reversed March’s rise, indicating that housing continued to tread water. Lucia Mutikani of Reuters had the news: Building permits fell 1.8 percent to a rate of 1.352 million units last month. Starts fell […]
Talking Biz News Today — May 17, 2018
Some of Thursday’s top business news stories: Associated Press Senate backs effort to restore “net neutrality” rules, by Kevin Freking Technology, retail help drive rebound in U.S. stocks, by Alex Veiga Bloomberg Wynn’s eyesight defense mocked by women’s rights lawyer, by Edvard Pettersson Boeing 747s are back from the dead, by Julie Johnsson Fortune The SEC trolled “coin” scammers […]
Coverage: Kellogg pulls out of Venezuela
Kellogg Co., citing the “deterioration” of a country in the midst of an economic meltdown, said Tuesday it was closing operations that employed 400 workers and produced the majority of the breakfast cereal consumed by Venezuelans. Juan Forero of The Wall Street Journal had the story: “The current economic and social deterioration in the country has now […]
