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Andrew Harrer | Bloomberg | Getty Images Steven Mnuchin, U.S. Treasury secretary, listens to a question while speaking to members of the media outside the White House in Washington, D.C., U.S., on Monday, Dec. 3, 2018. Treasury Secretary Steven Mnuchin is likely to lead the Trump administration’s delegation to the …
Read More »Monthly Archives: January 2019
Bitcoin stumbles below $4,000, reversing weekend gains
Bitcoin’s struggles are continuing into 2019. The world’s largest cryptocurrency dropped 6 percent on Thursday morning to a low of $3,741.91, according to industry data site CoinDesk. The sudden and sharp drop brings bitcoin’s one-year losses to more than 70 percent. Other major cryptocurrencies struggled, too. Ether fell 12.5 percent …
Read More »Ford Europe to slash thousands of jobs in turnaround plan
Carl Court | Getty Images News | Getty Images An employee walks past a Ford logo in the yet-to-be-completed engine production line at a Ford factory on January 13, 2015 in Dagenham, England. Ford said it will seek to exit the multivan segment, stop manufacturing automatic transmissions in Bordeaux in …
Read More »For the first time since 2006, not a single US bank failed last year
Al Seib | Los Angeles Times | Getty Images A Los Angeles Police Officer uses yellow tape to cordon off an area for customers with names on a list waiting to enter the IndyMac Federal Bank branch in Encino in July, 2008. Not a single bank failed last year, a …
Read More »Here are the top 10 defense contractors in the world
U.S. Marine Corps photo A Huey door gunner unloads on a target at the Chocolate Mountain Aerial Gunnery Range, Calif., Oct. 2, 2013. WASHINGTON — American defense firms are the indisputable leaders of the world’s $398 billion arms sales industry, according to a report by the Stockholm International Peace Research …
Read More »Government shutdown could affect revenue results for tech companies
David Paul Morris | Bloomberg | Getty Images George Kurian, CEO of NetApp, speaks at a Bloomberg West Television interview in San Francisco on May 27, 2016 Technology companies that work with the U.S. government could get hit as the shutdown over a border wall continues, some analysts say. It’s …
Read More »Boeing could rise 31% on strong airplane sales, Morgan Stanley says
Mike Kane | Bloomberg | Getty Images An employee works on the nose of a Boeing airplane at the company’s facility in Everett, Washington. Boeing could have a major surge in the next 12 months on the back of strong commercial airplane sales, according to an analyst at Morgan Stanley. …
Read More »Kohl’s shares tumble on holiday sales results
Daniel Acker | Bloomberg | Getty Images Shoppers enter a Kohl’s store in Peoria, Illinois. Kohl’s on Thursday reported holiday sales growth that paled in comparison to its results in 2017, sending shares tumbling. The retailer said sales at its stores and website operating for at least 12 months, on …
Read More »Twitter shares pop after Bank of America upgrades stock
Anushree Fadnavis | Reuters Twitter CEO Jack Dorsey addresses students during a town hall at the Indian Institute of Technology (IIT) in New Delhi, India, November 12, 2018. Twitter shares jumped on Thursday after Bank of America Merrill Lynch upgrade the stock, citing increased usage by younger people and more …
Read More »Tesla Summon auto-parking upgrade probably available soon
Qilai Shen | Bloomberg | Getty Images Elon Musk, chief executive officer of Tesla Inc., speaks during an event at the site of the company’s manufacturing facility in Shanghai, China, on Monday, Jan. 7, 2019. A Tesla feature that gets your car to follow you around like a pet and …
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