Home / 2018 / August (page 8)

Monthly Archives: August 2018

Former head of CDC Tom Frieden arrested and charged with forcible touching, sex abuse and harassment 

Win McNamee | Getty Images Dr. Tom Frieden, director of the Centers for Disease Control and Prevention, delivers remarks during a press conference September 29, 2016 in Washington, DC.  Tom Frieden, former head of the Centers for Disease Control and Prevention, has been arrested amid allegations of forcible touching, sex …

Read More »

Jefferies downgrades Philip Morris, Altria: Falling behind

Shiho Fukada for The Washington Post | Getty Images Customers try IQOS device during demonstration at IQOS store in Tokyo, Japan on July 31, 2017. Jefferies lowered its rating to hold from buy on shares of both Philip Morris and Altria, saying the tobacco companies are falling behind in heated …

Read More »

Fed’s Mester raises GDP outlook, says gradual rate hikes are appropriate

Cleveland Federal Reserve President Loretta Mester raised her outlook for the economy and gross domestic product for 2018, adding that the central bank’s plan for gradual interest rate increases is appropriate. “I’ve been upping my forecast. I’m now at 2.75 percent to 3 percent for the year, probably closer to …

Read More »

Russia’s electric car Tesla rival is the Kalashnikov CV-1

Kalashnikov Group Kalashnikov unveiled the CV-1, an electric car prototype, at a Russian defense expo on Aug. 23 2018.  The Russian manufacturer of the infamous AK-47 assault rifle has unveiled a prototype vehicle that it claims can compete with Elon Musk’s Tesla range. Kalashnikov Group presented the retro-style electric car …

Read More »

High probability ‘we’re in the end game for dollar strength’

Mary F. Calvert | Reuters Federal Reserve Chairman Jerome Powell testifies before a House Financial Services Committee hearing on the “Semiannual Monetary Policy Report to Congress,” at the Rayburn House Office Building in Washington, U.S., July 18, 2018.  Mike Bell, investment strategist at J.P. Morgan Asset Management, told CNBC on …

Read More »

US-listed Chinese stocks fall after Alibaba disappoints

Shares of major Chinese tech companies fell in New York trading after tech conglomerate Alibaba reported adjusted quarterly earnings that missed expectations. The company also warned in an earnings call that profit growth may slow in the near term due to investments in new businesses and consolidation of its Ele.me …

Read More »

23andMe cuts off API access to outside developers

Patrick T. Fallon | Bloomberg | Getty Images Anne Wojcicki, chief executive officer and co-founder of 23andMe Inc., speaks during the WSJDLive Global Technology Conference in Laguna Beach, California, U.S., on Wednesday, Oct. 26, 2016. 23andMe, which provides DNA testing kids for consumers, is telling outside app developers that they’ll …

Read More »

Voters oppose Trump’s tariffs in Pennsylvania, Texas and Illinois: NBC News/Marist polls

Aaron Josefczyk | Reuters A worker cuts a steel coil at the Novolipetsk Steel PAO steel mill in Farrell, Pennsylvania, March 9, 2018. President Donald Trump’s tariff policy has failed to catch on in three states critical to this year’s midterm elections. A solid plurality of adults in Pennsylvania, Texas …

Read More »

JP Morgan bets that Sapphire card fans will sign up for bank accounts

Jerod Harris | WireImage | Getty Images A promotion for the Chase Sapphire credit card in Park City, Utah.  J.P. Morgan Chase is upgrading an upper-tier checking account with its Sapphire credit-card brand in the hopes that users of the popular card will sign up. On Monday, the bank will …

Read More »

Citi says esports will disrupt multiple industries and boost Nvidia

Bryan Bedder | Getty Images The crowd at Overwatch League Grand Finals at Barclays Center on July 27, 2018 in New York City.  Citi Research said esports will be one of the biggest disruptive innovations and is telling its clients how to invest in the trend. The firm sent a …

Read More »