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Monthly Archives: May 2018

Shell has a plan to match Tesla with energy-efficient long-haul truck

Alexandria Sage | Reuters Tesla CEO Elon Musk shows off the Tesla Semi as he unveils the company’s new electric semi truck during a presentation in Hawthorne, California, U.S., November 16, 2017. Tesla introduced its electric truck model in 2017. Although Tesla’s trucks aren’t scheduled to start production until 2019 …

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No trade war with Germany, US ambassador Richard Grenell promises

Getty Images Coils of steel stand on trains in front of the ThyssenKrupp steel mill on March 5, 2018 in Duisburg, Germany. The new U.S. ambassador to Germany said the row over Washington’s planned imposition of punitive tariffs on European goods would not trigger a trade war, adding that U.S. …

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Pompeo says US would help North Korea’s economy if it gives up nukes

Mandel Ngan | AFP | Getty Images Secretary of State Mike Pompeo and South Korea’s Foreign Minister Kang Kyung-wha take part in a joint press conference at the State Department in Washington, DC on May 11, 2018. Secretary of State Mike Pompeo says the United States is willing to help …

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Health care stocks whipsaw as Trump unveils plan to lower prescription drug prices

Ron Sachs | Pool | Bloomberg President Donald Trump, right, speaks as Ken Frazier, chairman and chief executive officer of Merck & Co., listens during a meeting with representatives from the Pharmaceutical Research and Manufacturers of America (PhRMA) at the White House in Washington, D.C., U.S., on Tuesday, Jan. 31, …

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Trump backs Scott Pruitt amid concerns about EPA administrator’s ethics

Jonathan Ernst | Reuters Environmental Protection Agency (EPA) Administrator Scott Pruitt (2nd L) attends as U.S. President Donald Trump meets with chief executives of major U.S. and foreign automakers at the White House in Washington, U.S. May 11, 2018. Scott Pruitt’s job appears safe — at least for Friday. President …

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Intel and Amazon are crushing it. Here’s how much better it could get

Maley sees a similar lasting rise in shares of Salesforce.com. “That stock made a nice double bottom even further back, back at the end of 2016, so it’s been making a series of higher lows and higher highs for an even longer period of time [than Intel],” said Maley. “It’s …

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Europe moves to safeguard Iran interests after US pullout

Francois Lenoir | AFP | Getty Images British Prime Minister Theresa May (C), German Chancellor Angela Merkel (R) and French President Emmanuel Macron (L) give a press conference following a meeting on the sidelines of the European Union leaders summit in Brussels, on March 22, 2018. Europe’s heavyweight economies took …

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JP Morgan upgrades Verizon on solid dividend, 5G outlook

Verizon Communications shares should rise this year as a healthy dividend yield lures investors ahead of clarity on its path for 5G wireless, according to J.P. Morgan. The firm raised its rating on the company’s shares to overweight from neutral, foreseeing a better competitive climate over the next 12 months. …

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Read AT&T’s fact list about its deal with Trump lawyer Michael Cohen

Getty Images Michael Cohen, longtime personal lawyer and confidante for President Donald Trump, arrives at the United States District Court Southern District of New York on April 26, 2018 in New York City. Shortly after AT&T apologized for the “big mistake” it made in hiring President Donald Trump’s personal lawyer, …

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Bitcoin drops to 3-week low, other cryptocurrencies plunge after prosecutors raid largest Korean exchange

Major cryptocurrencies tumbled Friday after news prosecutors raided UpBit, the largest cryptocurrency exchange in South Korea. Bitcoin fell 5.5 percent to $8,511, its lowest since April 20, according to CoinDesk’s bitcoin price index. The cryptocurrency traded near $8,563 as of 9:12 a.m. ET. Other major cryptocurrencies fell double-digits over the …

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