Rolls-Royce said Tuesday it is developing tiny “cockroach” robots that can crawl inside aircraft engines to spot and fix problems. The U.K. engineer said the miniature technology can improve the way maintenance is carried out by speeding up inspections and eliminating the need to remove an engine from an aircraft for repair work to take […]
Read moreWall Street analysts believe the so-called “FANG” stocks — Facebook, Amazon, Netflix and Google-parent Alphabet — are set for significantly slower price growth over the next year than investors have grown accustomed to from the bull market momentum leaders. CNBC looked at the average 12-month stock price forecast for each FANG member and calculated the […]
Read moreRoku shares will turn around after a disappointing start this year, according to KeyBanc Capital Markets The firm raised its price target to $54 from $44 for Roku shares, representing 12 percent upside to Monday’s close. The firm reiterated its overweight rating for the company, citing positive data from a consumer survey. The company sells […]
Read moreChina is investing nine times more into Europe than it is into North America as policies force divergence, a report released this week reveals. Chinese outbound foreign direct investment (FDI) has dramatically swung toward Europe in the first half of 2018 and its FDI into North America has dropped by a whopping 92 percent in […]
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Amazon‘s website suffered a massive glitch during the worst time possible: the start of Prime Day, its largest shopping event of the year. And it lasted for hours. As traffic funneled to Amazon.com Monday at 3 p.m. ET, the start of Prime Day, looking for deals, most users with were greeted with images of dogs […]
Read moreNetflix is on pace for its worst day in two years, down roughly 10 percent following a big miss on subscriber growth. Shares fell as low as $344 in the first half hour of trading Tuesday before paring some losses. The stock closed Monday at $400.48, making for the stock’s biggest single-day drop since July […]
Read moreIn the woods of central Maine, trees are gaining value by the minute, and lumber producers aren’t waiting a second. They are scrambling to expand production, build new facilities and hire more workers. Lumber prices soared over sixty percent since early 2017, thanks to a perfect storm that hit Canadian supply. First tree-eating beetles, then […]
Read moreSan Francisco voters will decide in November whether to tax large businesses to pay for homeless and housing services, an issue that set off a battle in another West Coast city struggling with income inequality. The city elections department verified Monday that supporters had collected enough signatures to get the measure on the ballot. It […]
Read moreU.S. homebuilders are heartened by the strong demand and tight supply in today’s housing market, but they still can’t meet that demand as much as they might like. Consequently, their level of confidence is stuck in neutral. A monthly sentiment survey from the National Association of Home Builders was unchanged in July, standing at 68. […]
Read moreThe U.S. economy is running at a fast enough pace to justify continued interest rate increases, Federal Reserve Chairman Jerome Powell said Tuesday. Powell is delivering his semiannual testimony to Congress this week, starting with an appearance Tuesday before the Senate Committee on Banking, Housing and Urban Affairs. In remarks he provided ahead of a […]
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