Business

Image
Business

COINCIDENCE? State AG Who Sued Trump Over His Businesses Just Happens to Have Stake in Business Related to Competitor

Last week, Attorneys General from Maryland and Washington, D.C. filed a lawsuit against President Donald Trump, targeting his business empire as violating the Constitution. The complaint alleged that Trump’s global empire violated the Emoluments Clause of the constitution, saying that money paid ...


Image
Business

Analysts Were Wrong About the Gun Industry

Two years ago, the FBI reported that it conducted a record number of background checks on potential gun buyers in May, more than it had ever done before for that month. It would launch a 19-month-long streak that would culminate in more than 27.5 million background checks performed in 2016, 20% m...


Image
Business

US Government Awards Millions to HPE, Intel, and Others in Hopes They’ll Build Next-Gen Supercomputers

To try and edge the United States ahead of other countries in the arms race of building supercomputers, the ...


Image
Business

McDonald's Pulls Out of Olympics Sponsorship

McDonald's Corp ended its 41-year-old sponsorship of the Olympic Games three years early, the International Olympic Committee said on Friday, reflecting the U.S. fast-food giant's focus on its core business as well as rising Olympics sponsorship costs and declining TV ratings. McDonald's ...


Image
Business

Qatar Signs $12 Billion Deal to Buy F-15 Jets From U.S.

Qatar's Ministry of Defense said on Wednesday the country signed a deal to buy F-15 fighter jets from the United States for $12 billion. The deal was completed despite the Gulf country being criticized recently by U.S. President Donald Tr...


Image
Business

Tech Selloff Pulls Stock Market Lower

The Nasdaq Composite and the S&P 500 were lower on Monday as a bout of profit-taking squeezed the richly-valued technology sector. Technology stocks have led a record-setting rally on Wall Street, helped largely by strong quarterly ea...


Image
Business

Toshiba to Pay $3.7 Billion to Keep Building U.S. Reactors

Toshiba Corp will contribute $3.68 billion to continue building two nuclear reactors in the U.S. state of Georgia, enabling the completion of a plant project begun by the Japanese conglomerate's now-bankrupt nuclear unit. Toshiba said in a statement on Saturday it had reached an agreement...


Image
Business

SpaceX Will Launch a Secretive Space Drone for the Air Force

SpaceX fought hard for the right to launch Air Force projects and it has landed a pretty prestigious one. Elon Musk's company will fire the X-37B miniature spaceplane into orbit with the Falcon 9, taking over from the reliable Atlas V built by United Launch Alliance, according to Reuters...


Image
Business

IKEA Designers Will Live in a Mars Simulator to Seek Inspiration

The Swedish furniture giant has sent a group of its designers to live in a Mars simulator. They'll live there for seven days, an...


Image
Business

Dow Hits Record High as Comey Testimony Ends with No ‘Smoking Gun'

U.S. equities rose on Thursday as Wall Street interpreted former FBI Director James Comey's testimony as less damaging to President Donald Trump than feared. The Dow Jones industrial average gained about 55 points and reached a record high, with the Goldman Sachs and Boeing contributing t...


Image
Business

United Accused of Flying Plane "Not in Airworthy Condition"

The FAA may slap United Airlines with a $435,000 penalty for flying a plane that was "not in airworthy condition" during 23 flights. Yes, they flew an airplane, with passengers on it, that was deemed to be "not in airworthy condition" 23 times! According to the FAA, United mechanics repla...


Image
Business

Stock Market Hits All-time Highs

U.S. stocks traded higher on Thursday as Wall Street remained positive about the Federal Reserve's plan to trim its balance sheet, while tech stocks climbed. The S&P 500 reached an all-time intraday high at the open, rising above its previous record of 2,405.77. Informati...


Image
Business

175 People Suing CNN For Racial Discrimination

Last December, CNN and other Time Warner units were hit with a proposed class action in Georgia federal court. The named plaintiffs include Celeslie Henley, who says she worked at CNN for seven years until she was allegedly fired after emailing human resources about discriminatory treatment. ...


Image
Business

New Gander Mountain CEO Promises More Guns, Better Prices

Gander Mountain's new CEO promised Twitter followers over the weekend a bigger, better gun selection will come to the 70 or so stores slated to remain open after the company's nationwide liquidation sale. Marcus Lemonis, who's company Camping World paid $38 million for Gander Mountain...


Image
Business

Investment Firm Selling U.S. Citizenship to Indians, Report Says

Indian nationals are being sold the prospect of a fast-track to U.S. citizenship through the scandal-plagued EB-5 visa just as the Trump Administration initiated an investigation into the H-1B foreign guest worker program. ...


Image
Business

U.S., China agree to first trade steps under 100-day plan

The United States and China have agreed to take action by mid-July to increase access for U.S. financial firms and expand trade in beef and chicken among other steps as part of Washington's drive to cut its trade deficit with Beijing. The deals are the first results of 100 days of trade t...


Image
Business

Why Snap Is Now One of the Most Hated Companies on All of Wall Street

In the matter of an hour on Wednesday evening, Snap Inc. (SNAP) managed to make itself one of the most hated companies on all of Wall Street.  Here's the very simple explanation on how it managed to pull off such an ...


Image
Business

Guns Sales Down Since Trump Took Office

In the five months since Donald Trump was elected president, the FBI has undertaken 1.6 million fewer firearm background checks compared with the same period a year earlier, government statistics show, reflecting slower sales. While the FBI checks don’t exactly track firearm sales, they a...


Image
Business

United Airlines Attempts Free Trip Giveaway That Quickly Backfires

United Airlines has been the subject of ongoing public scrutiny after multiple incidents between airline employees and passengers aboard its flights went viral. In what seemed an apparent ploy at generating positive buzz around its presently marred reputation, United Airlines created a viral camp...


Image
Business

Aetna Dumps Obamacare Exchanges

Aetna Inc. will leave the few remaining states where it had been selling Obamacare plans next year, making it the latest health insurer to pull out of the health law as Republicans attack the program as failing and work...


Image
Business

Goldman Sachs to launch new 'dark pool' for stocks on Friday

Goldman Sachs Group Inc <GS.N> will launch a new private stock-trading venue, known as a "dark pool," on Friday, that is run by exchange operator Nasdaq Inc <NDAQ.O>, according to a note to clients obtained by Reuters. Goldman has been refreshing its trading technology to beco...


Image
Business

United Airlines Is Under Fire Yet Again

United Airlines has found itself needing to apologize again after sending a French woman 3,000 miles in the wrong direction.Lucie Bahetoukilae was recently headed from Newark, NJ to Charles de Gaulle airport in France, but United Airlines put her on a San Francisco-bound plane instead....


Image