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Monthly Archives: May 2018

Amazon shareholders meeting plane banner ‘Bezos needs a boss’

Lindsey Wasson | Reuters Amazon founder and CEO Jeff Bezos speaks at the new Amazon Spheres opening event at Amazon’s Seattle headquarters in Seattle, Washington, U.S., January 29, 2018. Amazon’s share price jumped more than 60 percent over the past year, but some stakeholders say the company is in need …

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Tesla in Autopilot mode hit a parked California police car

Source: Laguna Beach Police Department A Tesla sedan driving outbound on Laguna Canyon Road in “autopilot” collides with a parked Laguna Beach Police Department vehicle. Authorities say a Tesla sedan in Autopilot mode has crashed into a parked police cruiser in Southern California. Police Sgt. Jim Cota says the officer …

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Goldman, JP Morgan stocks look cheaper but it’s too soon to buy — Bove

It’s too risky for investors to step back into major U.S. bank stocks, even after Tuesday’s ripping selloff shaved more than 4 percent off of JPMorgan Chase and nearly 3.5 percent off of Goldman Sachs, says bank analyst Richard Bove. The U.S. financial sector led the market sharply lower Tuesday …

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Women at China’s top tech firms say sexism has been hidden from view

Qilai Shen | Bloomberg | Getty Images Pedestrians ride an escalator near the Jin Mao Tower, center left, and the Shanghai Tower, center right, in the Lujiazui Financial District in Shanghai, China. Ms Li has a day job in the marketing department of one of China’s biggest tech firms. At …

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Active Shooter game players shoot schools. Parkland parents are angry

Getty Images Tyra Heman (R) a senior at Marjory Stoneman Douglas High School, holds a sign that reads, ‘Enough No Guns,’ as she is hugged in front of the school where 17 people that were killed on February 14, on February 19, 2018 in Parkland, Florida. Lawmakers and parents of …

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Athenahealth CEO Jonathan Bush apologizes for past attacks of ex-wife

Kate Rooney | CNBC Jonathan Bush, co-founder, Chief Executive Officer, and President of Athenahealth. Athenahealth CEO Jonathan Bush issued an apology after the Daily Mail reported he attacked his ex-wife more than a decade ago. The U.K.-based news outlet obtained 2006 court documents from a custody battle chronicling allegations from …

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Dow tanks by 450 points, led by JP Morgan, Morgan Stanley

U.S. stocks dropped sharply Tuesday amid political turmoil in Italy that sent the euro tumbling and ongoing difficult trade talks with China. The Dow Jones industrial average fell 450 points — or 1.8 percent — amid losses in Goldman Sachs, Boeing, and J.P. Morgan Chase. The S&P 500 fell 1.4 …

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Hurricane Maria’s death toll could exceed 4,600, study estimates

Ricardo Arduengo | AFP | Getty Images A man surveys a house that was washed away by heavy surf during the passing of Hurricane Maria in Manati, Puerto Rico on October 6, 2017. The official death count from Hurricane Maria is 64. The real number could exceed more than 4,600, …

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Italy may head back to election as soon as July 29: Sources

Giuseppe Ciccia | Pacific Press | LightRocket | Getty Images Italy’s designated Prime Minister Carlo Cottarelli talks to journalists after having received from Italy’s President Sergio Mattarella the mandate to form a new government at the Quirinale Palace. Italy’s Prime Minister-designate Carlo Cottarelli is considering giving up his mandate to …

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JP Morganps Pinto says second-quarter trading revenue about flat from year ago

Simon Dawson | Bloomberg | Getty Images Daniel Pinto, JPMorgan’s chief executive of corporate and investment bank. J.P. Morgan Chase, the world’s biggest investment bank by revenue, said that trading revenue in the second quarter is likely to be about unchanged from a year ago amid charges related to taxes …

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