Thomson Reuters Wall Street continued to slide Thursday morning after initially finding some relief in tamer-than-expected inflation data, a day after worries about rising rates and trade tensions sparked a sharp sell-off in global markets. After suffering its steepest drop since February in the previous session, the Dow Jones industrial average fell more than 350…
Enlarge / Oil platform in the Gulf of Mexico. There are nearly 5,000 functioning oil platforms in the Gulf of Mexico and 27,000 abandoned wells. This week, New Jersey's attorney general sued the US Department of the Interior (DOI) for failing to comply with a Freedom of Information Act (FOIA) request seeking more information about…
Elon Musk on Friday sent an email to all of Tesla, urging his employees to keep working diligently in the face of mounting pressure from federal regulators and a crashing stock price. From the email: From: Elon Musk Sent: Friday, September 28, 2018 1:14:53 PM To: Everybody Subject: You're doing an incredible job Ignore all…
The long wait is apparently almost over. Amazon is said to be in talks to develop its second headquarters, HQ2, in the Long Island City section of Queens, New York, and the Crystal City area of Arlington, Virginia, The New York Times reported on Monday evening, citing people familiar with the plans. The decision follows…
Here's an official Bolt press picture from Chevy. On Friday, General Motors wrote to the Trump Administration in support of a national zero-emissions vehicle (ZEV) program, which would require seven percent of automakers' sales to be zero-emissions by 2021. That percentage would increase by two percent per year until reaching 25 percent in 2030. The…
Image copyright Reuters Image caption The sanctions relate to China's purchase of 10 Russian Sukhoi Su-35 fighter jets China has told the US to withdraw sanctions on its military over purchases of Russian jets and missiles or "bear the consequences".The US says China has contravened US sanctions on Moscow introduced over Russian actions in Ukraine…
PHILADELPHIA — One morning last year, Michele Carter woke up to find an eviction notice slipped under her apartment door. She had to move, she was later told, to make way for the renovation of her high-rise and the higher-paying tenants it would bring. Ms. Carter, 66, an Air Force veteran who lives on a…
WASHINGTON (Reuters) - The Chinese government may decline to participate in proposed trade talks with the United States later this month if the Trump administration moves forward with additional tariffs on imported Chinese goods, the Wall Street Journal reported on Sunday, citing Chinese officials. The US had proposed the talks, but at the same time…
JPMorgan’s third-quarter earnings report offered both a bang and a whimper. The whimper echoed louder in the ears of investors. The bang: JPMorgan’s revenue rose 5.2% to $27.8 billion, beating analyst expectations by $380 million. Earnings came in at $2.34 a share, again beating forecasts by eight cents. For a few glorious moments, investors cheered…
Behold, America: The Entangled History of “America First” and “the American Dream”. By Sarah Churchwell. Basic Books; 368 pages; $19.99. Bloomsbury; £20. Get our daily newsletterUpgrade your inbox and get our Daily Dispatch and Editor's Picks. IT IS common for historians to examine the actions of great men. Sarah Churchwell, a professor of American literature…
