Wall Street extended declines and the dollar gave up its gains ahead of Asia’s Wednesday trading day. U.S. indexes fell on Tuesday as stocks sold off for a second day. The Dow Jones industrial average tumbled 362.59 points, or 1.37 percent, to close at 26,076.89, the S&P 500 lost 1.09 percent to finish at 2,822.43 […]
Read moreCalling health-care costs a hungry tapeworm on the economy, Amazon, Berkshire Hathaway and J.P. Morgan say they are joining forces to try to simplify their employee benefits using technology make for a better health-care experience and to drive down costs. The news hit like a shot across the bow of health insurers, sending shares of […]
Read moreAmazon, Berkshire Hathaway and J.P. Morgan Chase are teaming up to reduce health care costs for their own employees. Among the likely big winners: Telemedicine companies like Teladoc and American Well. Start-ups that offer virtual care as an alternative to sending an employee to a physical doctor’s office, will likely play a big role in […]
Read moreRed Hat has acquired CoreOS for $250 million, in a deal that brings further momentum to a Google-created technology used by companies to manage software running in data centers and in the cloud. The move gives Red Hat a prominent name to keep commercializing hot open-source software as part of its arsenal. Red Hat’s core […]
Read moreAmazon‘s new health-care partnership with Berkshire Hathaway and J.P. Morgan Chase won’t have an immediate impact on its employees’ health-care plan, the company said in an email sent to all employees on Thursday. In the email, obtained by CNBC, Amazon’s HR boss Beth Galetti wrote that the new partnership will take a “considerable amount of […]
Read moreHawaii‘s emergency management leader has resigned and a state employee who sent an alert falsely warning of an incoming ballistic missile has been fired, officials said Tuesday, after the mistake caused widespread panic earlier this month. Hawaii Emergency Management Agency Administrator Vern Miyagi stepped down Tuesday, state Adjutant General Maj. Gen. Joe Logan said. A […]
Read moreAfter midnight on July 28, Tom Gill found himself watching C-SPAN. The 23-year-old quantitative trader was in the middle of an extracurricular bet — on the web site PredictIt — that Senate Republicans’ second attempt at overhauling Obamacare would fall short of the 51 votes needed to pass. “I could read body language and know […]
Read moreAMD stock fell as much as 7 percent but then rebounded after hours on Tuesday after the company reported better-than-expected earnings for the fourth quarter of 2017. The company will hold a conference call with analysts at 5 p.m. Eastern time. EPS: Excluding certain items, $0.08 in earnings per share vs. $0.05 in earnings per […]
Read moreA slew of negative reports hit the cryptocurrency world Tuesday. Facebook announced a ban on advertisements for “binary options, initial coin offerings and cryptocurrency.” The blanket decision is part of the social media giant’s efforts to prohibit ads for financial products and services “that are frequently associated with misleading or deceptive promotional practices.” The news […]
Read moreAn Indian man died when he was sucked into an MRI machine after he entered the room with an oxygen cylinder, according to local media reports. Rajesh Maru, 32, had accompanied a female relative, Laxmi Solanki, to the Nair Municipal Hospital in Mumbai for a test while carrying the cylinder, which the woman had been […]
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