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Monthly Archives: June 2017

FedEx warns of possible ‘material impact’ after subsidiary hit bit cyberattack

FedEx’s TNT Express subsidiary was cyber attacked, disrupting operations and communications systems, the company announced Wednesday. Shares gained after being temporarily halted just before noon ET. FedEx intraday chart Source: FactSet No TNT data was breached, and FedEx’s other operations were not affected, but the attack could have a material …

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Schimmel Center to Host a Two-Day Toast to the Bottom Line

Photo The Bottom Line, a nightclub in Greenwich Village, in September 2003. Paul Shaffer is to host a festival with performances from many of the musicians whose careers were shaped at the club. Credit Joe Kohen/Associated Press Paul Shaffer will host a two-night tribute to the Bottom Line, which closed …

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Stress tests could mark bottom for bank stocks

Wednesday’s stress test results could mark a turning point for financial stocks, which have lagged all year. The Federal Reserve is set to report at 4:30 p.m., ET, on whether it approves big banks’ plans to pay capital to shareholders. Analysts expect at least several of the big banks to …

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HK police arrest Joshua Wong, Nathan Law ahead of Xi Jinping visit

Damir Sagolj | Reuters Student protest leader Joshua Wong shouts as he is carried by policemen as protesters are arrested at a monument symbolizing the city’s handover from British to Chinese rule, a day before Chinese President Xi Jinping is due to arrive for the celebrations, in Hong Kong, China …

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Tastemaker Wanted: Lincoln Center Festival Director to Step Down

Photo A scene from the play “Kafka on the Shore,” part of the Lincoln Center Festival in 2015. The festival’s director, Nigel Redden, announced on Wednesday that he would leave the position after this summer’s festival, his 20th. Credit Sara Krulwich/The New York Times New York suddenly finds itself looking …

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Apple Glasses will be bigger than the iPhone: Gene Munster

Beck Diefenbach | Reuters Apple Inc CEO Tim Cook is shown with TV personality James Corden and musician Pharrell during a taped comedy bit in this image shot from a projection screen during an Apple media event in San Francisco, California, U.S. September 7, 2016. Apple Glasses will launch by …

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Senate GOP health-care bill has dismal approval rating: Poll

Saul Loeb | AFP | Getty Images Supporters of Planned Parenthood hold a rally as they protest the US Senate Republicans’ healthcare bill outside the US Capitol in Washington, DC, June 27, 2017. The Senate’s Obamacare replacement bill is faring no better with the public than the highly criticized plan …

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The Nasdaq 100 just broke a historical win streak, here’s what could likely happen next

The Nasdaq 100 broke a historical win streak, and according to one technical analyst, investors may have to brace themselves for a possible correction. Tuesday on CNBC’s “Futures Now,” Pension Partners’ director of research, Charlie Bilello, pointed out that the Nasdaq 100 had been trading above its 50-day moving average …

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‘The Bachelorette’ Leans on a Racial Conflict, and Nobody Wins

Photo Rachel Lindsay on “The Bachelorette,” with, from left, Alex, Adam, Peter and Kenny. Credit Thomas Lekdorf/ABC Another season of “The Bachelorette” is underway on ABC, and unlike Lee, The New York Times is still here for the right reasons. Our resident obsessives are following Rachel Lindsay’s love journey while …

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Cuban, Zuckerberg share the same worry for tomorrow’s workforce

David Paul Morris | Bloomberg | Getty Images Mark Cuban, billionaire owner of the National Basketball Association’s (NBA) Dallas Mavericks basketball team, speaks at the 2017 South By Southwest (SXSW) Interactive Festival at the Austin Convention Center in Austin, Texas, U.S., on Sunday, March 12, 2017. “Automation is going to …

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