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Monthly Archives: May 2018

Waymo self-driving car hit in collision on Arizona street

Brendan McDermid | Reuters Waymo unveils a self-driving Chrysler Pacifica minivan in Detroit, Michigan, U.S. on January 8, 2017. Police in a Phoenix suburb are investigating a collision involving a self-driving vehicle owned by Waymo. Chandler Police say the incident happened Friday afternoon when a Honda sedan swerved to avoid …

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Watch NASA InSight launch aboard United Launch Alliance rocket live

[The stream is slated to start at 6:30 a.m. ET. Please refresh the page if you do not see a player above at that time.] United Launch Alliance is set to launch NASA’s InSight lander on Saturday, lifting off from Vandenberg Air Force Base in California. ULA – the rocket-building …

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Trump will meet with China trade delegation Saturday

Shawn Thew-Pool | Getty Images President Donald Trump delivers remarks on tax cuts to the National Association of Manufacturers at the Mandarin Oriental Hotel. President Donald Trump will meet on Saturday with U.S. officials that went to China to negotiate with Beijing over trade. Trump tweeted late on Friday that …

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Trump regulators holding back massive telecoms revolution

Patrick T. Fallon | Bloomberg | Getty Images Randall Stephenson, chairman and chief executive officer of AT&T Inc., left, speaks while Jeffrey ‘Jeff’ Bewkes, chairman and chief executive officer of Time Warner Inc., listens during the WSJDLive Global Technology Conference in Laguna Beach, California. The DOJ should be even more …

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The value of ‘financial weapons of mass destruction’ is plunging

They were used heavily in the years leading up to the financial crisis. Investors bet big on bundled mortgage bonds that eventually imploded, bringing down multiple major financial institutions and causing the worst economic downturn since the Great Depression. At their peak, total OTC derivative value hit just shy of …

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Crytpto start-up looks to solve bitcoin’s volatility problem

A cryptocurrency project backed by billionaire Stanley Druckenmiller and Federal Reserve chair runner-up Kevin Warsh is looking to rid the market of one massive problem: volatility. Bitcoin has a fixed supply, so, when demand for it rises, bitcoin’s price goes up, and the opposite is true when demand drops. The …

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Trump may have broke law by not disclosing debt to Cohen for Daniels

Bill Clark | CQ Roll Call | Getty Images Rep. Elijah Cummings, D-Md. Democratic Rep. Elijah Cummings on Friday said President Donald Trump may have broke the law by not disclosing a debt to his personal lawyer for paying porn star Stormy Daniels to keep quiet about an alleged affair …

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It’s a big weekend ahead for Warren Buffett and this Omaha bookstore

Daniel Acker | Bloomberg | Getty Images Book covers with images of Warren Buffett, chairman of Berkshire Hathaway, hang above tables during the Berkshire Hathaway annual shareholders meeting in Omaha, Nebraska. The Berkshire Hathaway shareholder meeting this weekend will be big business for one bookstore in Omaha. Tens of thousands …

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Activist investor calls for Otis Elevator owner United Technologies to split into three

Activist investor Dan Loeb wants United Technologies to split into three companies, according to a letter from his Third Point hedge fund Friday. “To reverse its years of underperformance and realize the full potential of its franchise assets, we believe UTC should split into three focused, standalone businesses: Otis [Elevator …

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Ferrari shares hit record high after automaker posts solid Q1 earnings

Resul Rehimov | Anadolu Agency | Getty Images Kimi Raikkonen of Ferrari competes on track during the 4th round of Formula One World Championship Azerbaijan Grand Prix. Ferrari shares hit an all-time high on Friday after better-than-expected earnings led to several positive analyst ratings for the luxury automaker. The company’s …

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