Computers help us decide what route to take to the grocery store, who to date, and what music to listen to. Why shouldn’t they also decide how we invest? Younger investors, particularly those born in the early 1980s to late 1990s known as millennials, are increasingly adopting apps and what… Read More
Mystery surrounds fiery death of energy CEO
Mystery and speculation have swirled following the fiery car accident that killed Aubrey McClendon, a natural gas industry titan and NBA team owner, after police say he drove his sport utility vehicle “straight into a wall” in Oklahoma City on Wednesday. McClendon’s death, which TMZ is saying appears to be… Read More
Major sports retailer files for bankruptcy
Sports Authority is filing for Chapter 11 bankruptcy protection. The retailer said Wednesday that it plans to close or sell about 140 stores and two distribution centers, in Denver and Chicago. The Englewood, Colorado, company has 463 stores in 41 states and Puerto Rico. The store closings are expected to take… Read More
Wall Street cheers global stock jump
Global shares jumped Wednesday after encouraging signs of strength in the U.S. economy sent shares higher on Wall Street, and a weaker yen boosted Japan’s benchmark. KEEPING SCORE: France’s CAC 40 added nearly 0.7 percent in early trading to 4,436.94. Germany’s DAX rose nearly 0.8 percent to 9,793.25. Britain’s FTSE… Read More
1929 → 1987 → 2016?
By Michael Covel One local observer described the scene as a “war zone.” But this was not a war. He was simply talking about the 180 bodies that piled up inside the restroom. In total, 242 people died. It was one of the deadliest nightclub fires in history. In January… Read More
Google joins Apple in fight against FBI
Google will back Apple in its court battle with the FBI over the security of its iPhone. Last week, a court ordered Apple to help the FBI hack into a locked iPhone used by one of the San Bernardino killers in December’s shooting spree. Apple opposes the order. Google now… Read More
Global stocks continue downward slide
World stocks turned lower on Wednesday, as sliding oil prices and fresh signs of global economic weakness weighed on investor sentiment. KEEPING SCORE: In Europe, France’s CAC 40 dropped 2.1 percent to 4,147.76 and Germany’s DAX shed 2.4 percent to 9,192.89. Britain’s FTSE 100 dropped 1.6 percent to 5,870.11. U.S…. Read More
Phone wars! Apple refuses to help in terror probe
A battle between the federal government and leading tech company Apple Inc. is heating up after Apple CEO Tim Cook announced he will defy a federal magistrate’s orders to help the FBI unlock one of the San Bernardino terrorists’ phones. Cook is asserting that doing so would undermine Apple’s encryption… Read More
With the markets crashing, how will Yellen and the Fed react?
Federal Reserve Chair Janet Yellen cautioned Thursday that global economic pressures pose risks to the U.S. economy but said it’s too soon to know whether those risks are severe enough to alter the Fed’s interest-rate policies. Yellen said the Fed will determine at its next meeting in March how much… Read More
Drivers get good news for their wallets in 2016…
For the first time since 2004, U.S. drivers are expected to pay an average of less than $2 a gallon for gasoline, the government said Tuesday. They can thank the huge glut of oil around the globe. The U.S. Energy Information Administration said in its monthly short-term energy outlook that… Read More
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