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Monthly Archives: May 2018

President Trump says there is no deal with China on ZTE

Daniel Acker | Bloomberg | Getty Images President Donald Trump speaks during a rally in Washington, Michigan, on Saturday, April 28, 2018. Facing charges of yielding to Chinese demands, President Donald Trump said Tuesday that his administration has not yet reached a deal with Beijing to save telecom company ZTE. …

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Trump advisor Peter Navarro reportedly floated informant Stefan Halper for a job

Andrew Harrer | Bloomberg | Getty Images Peter Navarro, director of the National Trade Council. Peter Navarro, one of President Donald Trump’s top trade advisors, recommended a man identified by some news outlets as an FBI informant for a top Trump administration job, Axios reported Monday. Navarro floated Stefan Halper’s …

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Lowe’s names JC Penney CEO Marvin Ellison as its new CEO

Jim Spellman | WireImage | Getty Images Marvin Ellison, JC Penney’s CEO Lowe’s Companies is poaching J.C. Penney Company CEO Marvin R. Ellison. The home improvement retailer announced Tuesday it is naming Ellison president and CEO, effective July 2. Ellison will take over for Robert A. Niblock, who previously announced …

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‘Stealth slowdown’ means stocks are ‘cruising to a bruising’: Ex-bull

A veteran economic forecaster and self-described former super bull is telling investors not to get too comfortable with the stock market’s latest rally. Economic Cycle Research Institute co-founder Lakshman Achuthan warned on CNBC’s “Trading Nation” that an economic slowdown is already here — suggesting that Wall Street is dangerously optimistic …

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Self-driving cars are scaring more people

Justin Sullivan | Getty Images An Uber self-driving car drives down 5th Street on March 28, 2017 in San Francisco, California. Cars in Uber’s self-driving cars are back on the roads after the program was temporarily halted following a crash in Tempe, Arizona on Friday. Self-driving cars are scaring more …

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Donald Trump may lift sales ban on ZTE

Johannes Eisele | AFP | Getty Images The ZTE logo is seen on an office building in Shanghai on May 3, 2018. In exchange for Trump’s removal of the ban, ZTE will make major changes in management, board seats and potentially pay fines, according to the Journal. Details of the …

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Facebook’s Zuckerberg to testify in Europe after Cambridge Analytica

Getty Images Facebook CEO Mark Zuckerberg speaks during the F8 Facebook Developers conference on May 1, 2018 in San Jose, California. When Facebook Chief Mark Zuckerberg meets with European officials on Tuesday, he is set to testify that the social networking giant did not do enough to prevent its tools …

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Russian missile with ‘unlimited range’ crashed after only 22 miles

Mikhail Svetlov | Getty Images Russian President Vladimir Putin speaks attends the forum on working youth while visiting the Uralvagonzavod, a machine plant on March 6, 2018 in Nizhny Tagil, Sverdlovsk oblast, Russia. Vladimir Putin is having a campaign trip to Nizhny Tagil prior to the 2018 Presidential Elections on …

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General Motors is a ‘raging bull’ opportunity in autonomous car space: Citigroup

Elijah Nouvelage | Reuters A woman gets in a self-driving Chevy Bolt EV car during a media event by Cruise, GM’s autonomous car unit, in San Francisco, California, U.S. November 28, 2017. General Motors is a leader in the future autonomous vehicle network space, according to Citigroup, spelling a “raging …

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Tesla Model 3 falls short of Consumer Reports recommendation

Salwan Georges | The Washington Post | Getty Images Tesla’s new Model 3 car on display is seen on Friday, January 26, 2018, at the Tesla store in Washington, D.C. Tesla’s Model 3 sedan fell short of a recommendation from Consumer Reports on Monday. The vehicle has many attributes that …

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