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Monthly Archives: April 2018

GM drops monthly sales reports, will report quarterly instead

SeongJoon Cho | Bloomberg | Getty Images Workers walk past parked General Motors Co. (GM) Chevrolet automobiles bound for export at the Port of Incheon in Incheon, South Korea. General Motors will begin reporting U.S. sales at the end of each quarter instead of at the end of each month. …

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New York’s luxury real estate market is in correction

Michael Nagle | Bloomberg | Getty Images Guests attend a pool party in the penthouse apartment at the 50 United Nations Plaza building in New York. About 3,574 newly built apartments will reach the market in 2016, according to brokerage Corcoran Sunshine Marketing Group. Real estate sales in Manhattan plunged …

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Robots might solve labor problems

Hitoshi Yamada | NurPhoto | Getty Images Pepper, a humanoid robot developed by SoftBank Group Corp., moves around on its own to guide passengers at sushi shop in Tokyo, Japan. When Tetsuya Sawanobori finished grad school about a decade ago, he decided to start his own business. He set up …

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SWCH, VIAB, CVV & CGIX

Michael Nagle | Bloomberg | Getty Images Rob Roy, founder and chief executive officer of Switch Inc., center, rings the opening bell before the company’s initial public offering (IPO) on the floor of the New York Stock Exchange (NYSE) in New York, Oct. 6, 2017. Check out the companies making …

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SoftBank, Alibaba to invest $445 million in Indian e-retailer Paytm E-Commerce

Dhiraj Singh | Bloomberg | Getty Images A customer uses an Indian Rupee banknote to pay for a purchase as a sign for PayTM online payment method is displayed at a stall selling snacks in Bengaluru, India. SoftBank Group is investing $400 million in India’s Paytm E-Commerce in a funding …

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Trump wants Congress to pass DACA border wall bill

Samuel Corum | Anadolu Agency | Getty Images Demonstrators raise their fists in protest of President Trump’s attempts to end the Deferred Action for Childhood Arrivals (DACA), an executive action made by President Obama that protected minors known as Dreamers who entered the country illegally from deportation, outside of the …

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Stocks post worst start to April since the Great Depression

The stock market’s start to the second quarter was its worst since the Great Depression. With the S&P 500 closing down more than 2.2 percent Monday, the broad market index posted its worst start to April since 1929, according to S&P Global. The index also closed below its 200-day moving …

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Apple’s move to abandon Intel chips ‘not a major threat:’ Stifel

Justin Sullivan | Getty Images Intel employees walk by a sign as they enter their office in Santa Clara, California. The decline in Intel shares on the report that Apple plans to stop using the company’s chips is a great buying opportunity, according to one Wall Street firm. Stifel reiterated …

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Here are the 2018 campaign’s biggest individual donors – so far

Jahi Chikwendiu | The Washington Post | Getty Images Tom Steyer holds one of his Need to Impeach town hall meetings at Doubletree Hotel on Tuesday, March 20, 2018, in Largo, MD. Individual campaign contributions this year are concentrated mostly among just a handful of rich donors, according to the …

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Stocks broke key level in sell-off that signals potential for bigger correction

Monday’s broad-based sell-off pushed stocks below important technical levels, signaling more pain ahead for the market. “The story you just can’t avoid is the cracking leadership of this market,” said James Paulsen, chief investment strategist at Leuthold Group. In afternoon trading, 10 of 11 major S&P sectors were trading at …

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