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Monthly Archives: June 2017

Drug store stocks are surging right now

David Paul Morris | Bloomberg | Getty Images Pedestrians walk past a Rite Aid store in Oakland, Calif. Drugstore stocks jumped on Monday as Rite Aid’s merger with Walgreens appeared to be closer to gaining approval. Shares of Rite Aid are up over 11 percent on Monday on high-volume trading. …

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Brazil inspectors say understaffing, budget cuts caused beef problems

Cris Faga | NurPhoto | Getty Images A person looks at the refrigerated display case at a butcher’s shop, in Sao Paulo, Brazil on March 20, 2017. Brazil health inspectors union ANFFA on Monday said understaffing and budget cuts by the government ultimately caused the sanitary problems with beef shipments …

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Goldman says there’s one major force behind the market’s gains this year: ETFs

Passive investing is taking a bigger share of the stock market, helping to drive gains. Exchange-traded funds, or ETFs, owned nearly 6 percent of the U.S. stock market as of the end of the first quarter, their greatest share on record, according to analysis by Goldman Sachs. Known as passive …

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Ex-Barclays chief says banking could face its own ‘Kodak moment’; urges banks to embrace fintech solutions

Simon Dawson | Bloomberg | Getty Images Antony Jenkins, former chief executive officer of Barclays “We’re really at the end of the beginning of what we see as a revolution driven by technology with financial services and fintech is really a too narrow categorization of what’s going on here,” Jenkins …

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Supreme Court will hear Trump travel ban challenge

Jonathan Ernst | Reuters Chief Justice John Roberts (seated C) leads Justice Ruth Bader Ginsburg (front row, L-R), Justice Anthony Kennedy, Justice Clarence Thomas, Justice Stephen Breyer, Justice Elena Kagan (back row, L-R), Justice Samuel Alito, Justice Sonia Sotomayor, and Associate Justice Neil Gorsuch in taking a new family photo …

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Apple’s AR is closer to reality than Google’s

David Paul Morris | Bloomberg | Getty Images An attendee demonstrates the ARKit, augmented reality tool, on an Apple Inc. iPad Pro during the Apple Worldwide Developers Conference (WWDC) in San Jose, California, U.S., on Monday, June 5, 2017. Apple has often been accused of acting like it invented things …

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UK’s Prince Harry says he ‘wanted out’ of royal family

Joe Giddins – WPA Pool | Getty Images Prince Harry waves as he leaves Nottingham’s new Central Police Station on October 26, 2016 in Nottingham, England. Britain’s Prince Harry has revealed he once considered relinquishing his royal title in order to have the chance of leading an “ordinary life”. “I …

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Arconic plunges report supplied flammable panels to Grenfell Tower

Luke Sharrett | Bloomberg | Getty Images A worker loads an aluminum coil onto a loading dock at the Arconic manufacturing facility in Alcoa, Tennessee. Shares of Arconic dropped nearly 10 percent in the premarket Monday after Reuters reported the U.S.-based aluminum company knowingly supplied flammable panels for use at …

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Ethereum drops more than 10% even after flash crash refund

Bitcoin rival ethereum dropped Monday despite a major exchange’s efforts to shore up confidence by announcing a credit for customers who lost money during last Wednesday’s flash crash. Ethereum, also known as ether, traded 11 percent lower near $268 Monday morning, according to CoinDesk. Last Wednesday, ethereum briefly plunged in …

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‘Twin Peaks’ Season 3, Episode 8: White Light White Heat

At the start of the hour, before the journey into the past, I jotted down in my notes that the shot of stark headlights on a pitch-dark American roadway in the middle of nowhere is a classic Lynch image, at once familiar and terrifying. But that was a good 10 …

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