Business

Business

Big tech dealmaking accelerates in signal smart cities are near

(c) 2018, Bloomberg. Robot driven taxis and computers eliminating traffic jams may appear sooner than you think after some of the biggest technology companies picked up the pace of dealmaking to bring about “smart cities” of the future. Thirty-five agreements were signed between technology...


Business

Economics may not be driving corporate generosity

(c) 2018, The Washington Post. Republicans have been touting the number of companies handing out employee bonuses and pay raises - such as Walmart and Bank of America - as a surprising sign that the Trump administration’s tax cuts are working their economic magic faster than anyone expected. “It...


Business

US government shuts down; Dems, GOP blame each other

Trump Budget Battle-4

WASHINGTON (AP) — The federal government shut down at the stroke of midnight Friday, halting all but the most essential operations and marring the one-year anniversary of President Donald Trump’s inauguration in a striking display of Washington dysfunction. Last-minute negotiations crumbled as...


Business

The Latest: Schumer says Trump 'backed off' deal

Trump Budget Battle-3

WASHINGTON (AP) — The Latest on the budget battle in Congress (all times local): 12:50 p.m. Senate Minority Leader Chuck Schumer is accusing President Donald Trump of reneging on a deal he thought they had neared on immigration and spending. The New York Democrat said on the Senate floor that after...


Business

How major US stock indexes fared on Friday

Stocks closed higher Friday, driving several of the major indexes to record highs. Retailers, banks and consumer goods companies accounted for much of the latest gains, which reversed modest losses from a day earlier. Energy stocks fell along with crude oil prices. Utilities also declined as bond...


Business

US stocks close higher as market sets latest record high

Financial Markets Wall Street

Investors shrugged off the potential for a federal government shutdown Friday, driving U.S. stocks higher and setting new milestones for several of the indexes. The Standard & Poor’s 500 index, Nasdaq composite and Russell 2000 index of smaller-company stocks finished at record highs as the market...


Business

Financial Markets Glance

Dow Jones Industrials High: 26,071.72 Low: 25,942.83 Close: 26,071.72 Change: +53.91 Other Indexes Standard&Poors 500 Index: 2810.30 +12.27 NYSE Index: 13,384.46 +68.55 Nasdaq Composite Index: 7336.38 +40.33 NYSE Amer Composite: 2701.02 +10.16 Russell 2000 Index: 1597.63 +20.90 Wilshire 5000...


Business

Don't let social media's trolls get you down

(c) 2018, Bloomberg. I began sharing my work online two decades ago as one of the early financial bloggers. I started on Yahoo Geocities in the 1990s, Typepad in 2003, and finally on Wordpress at my own domain in 2008. In those days, blogs had robust comment communities. They were a terrific source...


Business

Markets wrap: Stocks ignore shutdown talks, continue record run

(c) 2018, Bloomberg. (Bloomberg) -- U.S. stocks shrugged off the government shutdown drama in Washington and rose to all-time highs following a report that regulators are close to further easing banking rules. Treasury yields reached the highest level in more than three years. All major equity...


Business

Will millennials kill Costco and Sam's Club?

(c) 2018, The Washington Post. There’s a Costco to one side of Gwendolyn Hammer’s house and a Sam’s Club to the other. But when the 28-year-old needs 12-packs of paper towels, or 36 rolls of toilet paper, she heads online instead. Once a month she uses her smartphone to place a bulk order on Boxed....


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