Porsche may be known for powerful cars, but these days it wants to be known for cars with even more powerful electric motors. While we wait a couple more years for the fully electric Mission E, here’s a quick, plug-in Porsche that just happens to have a five-seat wagon. This is the Porsche Panamera Turbo […]
Read moreLabor market disparities in the U.S. economy are curbing the nation’s long-run potentialgrowth, Federal Reserve Governor Lael Brainard said on Tuesday, as she urged the central bank to undertake more research to help diminish inequality. “To the extent that disparities in income and wealth across race, ethnicity, gender, or geography reflect such disparities in opportunity…the […]
Read moreSpace company Rocket Lab announced plans Tuesday for the second of three test flights. Final vehicle tests begin next month, the New Zealand-based company said. The window for the launch from Rocket Lab’s complex on New Zealand’s Mahia Peninsula will open a few weeks after completion of the tests, it said. The mission involves deploying […]
Read moreGoogle may spin out its shopping service in light of antitrust concerns in Europe, Bloomberg reported on Tuesday. Google was not immediately available to comment on the report. Shares of Google’s parent company, Alphabet, were little changed after the report, up about half a percent. EU regulators fined Google a record 2.4 billion euros ($2.7 […]
Read moreSales of new U.S. single-family homes unexpectedly fell in August, hitting their lowest level in eight months, the latest indication that the housing market was slowing. The Commerce Department said on Tuesday new home sales decreased 3.4 percent to a seasonally adjusted annual rate of 560,000 units last month, which was the lowest level sinceDecember […]
Read moreA key reason for Apple’s outperformance this year was investor anticipation for a big upgrade cycle from this year’s more innovative iPhone models. Now one Wall Street firm says the so-called “supercycle” may not happen, but strong demand for the $1,000 iPhone X will boost the company’s earnings next year instead. The iPhone X will […]
Read moreOath CEO Tim Armstrong told CNBC on Tuesday the National Football League’s protesting controversy, which has continued to draw sharp criticism from President Donald Trump, will pass. “It’s been almost a year since Trump’s been in office. I think there hasn’t been a week or day that hasn’t gone by that there’s not controversy,” said […]
Read moreU.S. stocks rose Tuesday, helped by a recovery in technology stocks. The tech-heavy Nasdaq composite outperformed, climbing about a third of a percent in mid-morning trade. The S&P 500 traded just above the psychologically key 2,500 level, while the Dow Jones industrial average added about 50 points. UnitedHealth, Apple and IBM contributed the most to […]
Read moreLufthansa‘s supervisory board has approved plans by the airline to invest in up to 61 additional planes for its Eurowings budget arm, seeking to fill the gap left by insolvent German rival Air Berlin. The investment in purchasing and leasing 41 A320 single aisle jets and 20 Bombardier Dash 8 Q400 planes will total around […]
Read moreMicrosoft founder and former CEO Bill Gates recently said he switched from using a Windows phone to one that runs Android. “Recently, I actually did switch to an Android phone with a lot of Microsoft software” Gates said while speaking on a Fox News segment where he talked about his relationship with Steve Jobs. Gates […]
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