Daniel Acker | Bloomberg | Getty Images An employee holds a resin tile as a composite engine case mold is prepared for bulk infusion molding at the GE Aviation manufacturing facility in Batesville, Mississippi. New orders for U.S.-made goods increased more than expected in December, but business spending on equipment …
Read More »Monthly Archives: February 2018
As bitcoin gets cut in half and continues to dive, Wall Street’s Tom Lee remains bullish
The only major U.S. stock market strategist to issue bitcoin price targets is still betting on the cryptocurrency. For a third time since bitcoin’s plunge from a mid-December high, Fundstrat’s Tom Lee published a report reemphasizing his optimistic outlook, after a heavy day of selling. “It has been a terrible …
Read More »Stifel downgrades Alphabet on rising competition from Amazon
Steve Marcus | Reuters A man walks through light rain in front of the Hey Google booth under construction at the Las Vegas Convention Center in preparation for the 2018 CES in Las Vegas, Nevada, January 8, 2018. Alphabet, the parent company of Google, is facing more business threats from …
Read More »A leading indicator for stocks is waving a yellow flag for the market
As stocks sit near record highs, one leading indicator for the market is flailing, and that could be a major warning sign. The high-yield market was left out in the cold this January. Where the S&P 500 saw its best monthly gains in nearly two years, the HYG high-yield ETF …
Read More »YouTube CEO warns of ‘consequences’ for creators who misbehave
PG | Bauer-Griffin | GC Images Logan Paul is seen on August 08, 2017 in Los Angeles, California. Wojcicki did not refer to the Logan Paul incident directly, but said that the misbehavior of some creators could put the broader YouTube community in a negative light. “While these instances are …
Read More »Bitcoin’s January struggles may hold clues for the near future
After bitcoin’s struggles last month, several analysts see other digital coins gaining ground in a cryptocurrency world that is trying to mature. Bitcoin tumbled 28 percent in January amid a widespread sell-off that saw just a third of the 15 largest cryptocurrencies by market capitalization rise for the month, according …
Read More »Trump accuses FBI, Justice Department for politicizing probes
Jonathan Ernst | Reuters President Donald Trump addresses the Republican congressional retreat at the Greenbrier resort in White Sulphur Springs, West Virginia, U.S., February 1, 2018. U.S. President Donald Trump accused the FBI and the Justice Department of politicizing its investigations on Friday, just as the White House is expected …
Read More »Airbus Vahana flying car has flown for the first time
Source: Airbus Vahana, the all-electric, self-piloted aircraft from A³ by Airbus, has completed its first full-scale flight test. Aerospace giant Airbus has announced the first successful flight of its self-piloted “flying car.” Two years on from the launch of the “Vahana” project, a full-scale electric vertical take-off and landing (VTOL) …
Read More »No Samsung phones, Nike uniforms for North Koreans? Sanctions cloud Olympic perks
Korea Pool | Getty Images North Korean delegation arrives at customs after inspecting venues for the 2018 Winter Olympics on January 22, 2018. All of the almost 3,000 athletes competing at the upcoming Pyeongchang Winter Olympics are set to get perks including the latest $930 Samsung smartphones, top of the …
Read More »Britain’s May gets $13.26 billion in China deals, Xi promises to build on ‘golden era’
Matt Cardy | Getty Images British Prime Minister Theresa May with Chinese President Xi Jinping at a bilateral meeting during the G20 summit on July 7, 2017. The £9.3 billion in deals will create over 2,500 jobs across the United Kingdom, the British government said. Britain’s financial services firms alone …
Read More »