UPS Chairman and CEO David Abney said Tuesday the U.S. must fix its roads and bridges because a simple delay adds up to millions of lost dollars. “We have about 100,000 drivers, and if we have a five-minute congestion delay on each of those drivers every day, that’s $105 million a year,” Abney said on […]
Read moreA rise in domestic hate groups — whose vitriol spilled from online forums to the streets of Charlottesville during a violent weekend protest by white supremacists — is intensifying pressure on GoDaddy, Twitter, Google and others to put a lid on U.S. extremist sites. Civil libertarians and religious leaders say the deadly Charlottesville protest on […]
Read moreHerbie Mays is 3M proud, and it shows – in the 3M shirt he wears; in the 3M ring he earned after three decades at the company’s plant in suburban Cincinnati; in the way he shows off a card from a 3M supervisor, praising Mays as “a GREAT employee.” But it’s all nostalgia. Mays’ last […]
Read moreSnap shareholders are having a difficult time. Its shares are down significantly from their high on weaker-than-expected second quarter earnings, big insider selling lockups, increasing competition from Facebook and big-name hedge funds dumping the stock. But one Wall Street firm is now saying the worst may be over. Cantor Fitzgerald on Tuesday raised its rating […]
Read moreAfter several months of rising markets, it seems investors may finally be starting to get nervous about the future. Over the last several weeks, billions of dollars have flowed in money-market funds, with net inflows totaling $30.9 billion for the week ending Aug. 9, according to Lipper Fund Research. In the two weeks prior, net […]
Read moreU.S. retail sales recorded their biggest increase in seven months in July as consumers boosted purchases of motor vehicles as well as discretionary spending, suggesting the economy continued to gain momentum early in the third quarter. The Commerce Department said on Tuesday that retail sales jumped 0.6 percent last month. That was the largest gain […]
Read moreIt appears anxiety over the North Korea nuclear missile threat is getting flushed out of the stock market. The market made a solid comeback on Monday, after the war fears that dragged down stocks last week subsided. But Art Cashin, UBS’ director of floor operations at the New York Stock Exchange, doesn’t want investors to […]
Read moreThe Royal Bank of Scotland plans to cut 880 jobs from its IT department in London by 2020, according to a U.K. labor union. Britain’s Unite union claimed on Tuesday that the bank had informed staff of a further 40 percent cut of permanent IT staff, as well as a 65 percent reduction of contractors. […]
Read moreCurrency, United States Finance
Last chance to submit a message for NASA to beam 13 billion miles into space
NASA has been asking for suggestions from the public to beam up to the most distant man-made object in the universe, with Tuesday marking the final day for people to send in their requests. The U.S. space agency has been collecting submissions via Twitter, Facebook and other social media platforms for a 60 character message […]
Read moreStruggling German airline Air Berlin filed for insolvency on Tuesday after years of losses caught up with it and shareholder Etihad withdrew funding, with rival Lufthansa saying it was in talks to take over parts of its business. Air Berlin, whose debt piled up after a series of takeovers, has seen speculation over its finances […]
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