It’s a valuation call that catapults stocks by 32 percent. Based on the latest calculations by PNC Asset Management’s Bill Stone, the S&P 500 could hit 3,368 in 2018. And he has a chart that proves it could happen. “Part of it came to me watching Warren Buffett on CNBC [Tuesday] really talking about the […]
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Japanese-born Kazuo Ishiguro, author of “The Remains of the Day,” has won the Nobel Prize for Literature for uncovering “the abyss beneath our illusory sense of connection with the world,” the Swedish Academy said on Thursday on awarding the 9 million crown ($1.1 million) prize. The award marks a return to a more mainstream interpretation […]
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Shares of auto stocks such as General Motors and Ford are on a tear, but some say the stocks are set to take a pause. General Motors shares hit an all-time high on Tuesday after the company posted September sales that beat estimates and received a bullish analyst upgrade. Ford shares on Wednesday hit their […]
Read moreForget the electric car, are you ready to fly in an electric plane? Zunum Aero, a start-up based in suburban Seattle, believes millions of people will be comfortable flying on the hybrid electric planes it plans to deliver starting in 2022. “By the time this aircraft is in the air in early 2020 everyone will […]
Read moreVerizon Communications on Wednesday said Marni Walden, executive vice president and president of global media, will leave the company in February 2018. Walden, the company’s top-ranking female executive, played a big role in Verizon’s acquisition of Yahoo and its merger with AOL to create the Oath unit. Walden, who was seen as a potential successor […]
Read morePresident Donald Trump’s threats to terminate the U.S. trade agreement with South Korea ended up spurring support for the deal — and now both parties are striking a conciliatory tone. U.S. Trade Representative Robert Lighthizer said Wednesday that he looked forward to talks on resolving implementation issues and potential amendments, which was a far cry […]
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The infotainment technology that automakers are cramming into the dashboard of new vehicles is making drivers take their eyes off the road and hands off the wheel for dangerously long periods of time, an AAA study says. The study released Thursday is the latest by University of Utah professor David Strayer, who has been examining […]
Read moreNissan owners will soon be able to access their car by asking Amazon’s voice assistant Alexa to unlock the vehicle for them. Certain Nissan models made between 2016 and 2018 will be equipped with the technology that will allow drivers to tell Alexa to carry out tasks such as flashing the lights, unlocking the car […]
Read moreMost Americans believe their jobs are safe from the spread of automation and robotics, at least during their lifetimes, and only a handful says automation has cost them a job or loss of income. Just 30 percent of people surveyed say that it is at least somewhat likely that their own jobs will be done […]
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European stocks are set for a mixed open on Thursday morning as investors monitor political events and take a cautious approach ahead of key data releases. The FTSE 100 is seen flat at 7,466; the CAC 40 is expected to open lower by 3 points at 5,358 and the DAX in Germany is seen lower […]
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