Call it a sign of the times. For the first time in the history of the North American Car of the Year, the panel choosing the winner will not be considering a car built by a Detroit automaker. “This is a watershed moment,” said Mark Phelan, auto critic for the Detroit Free Press and president […]
Read moreThe day before the July Fourth holiday, Jamie Horowitz — head of sports programming at Fox Sports — was relieved of his duties overseeing its sports cable assets of FS1, FS2, Fox Deportes and FoxSports.com. The Los Angeles Times reported that it was related to an ongoing investigation into sexual harassment. Horowitz has hired a […]
Read moreStarting today, Uber’s new in-app tipping option is being rolled out in 100 cities in the US and Canada, including major markets like New York City, San Francisco, and Los Angeles. After downloading an updated version of the app, riders will be asked whether they’d like to leave a tip when rating their driver at […]
Read moreGerman police fired water cannon and pepper spray at protesters gathered to demonstrate against a G-20 summit in Hamburg after a group of black-clad demonstrators threw bottles and other objects at riot police. Police expected around 100,000 protesters from around Europe, who say the G-20 has failed to solve many of the issues threatening world […]
Read moreEven though 68 percent of millennials expect an inheritance, only 40 percent of parents will probably leave them one. And while mostly the offspring of the one percent are likely to be among those who will one day inherit their parents’ wealth, not all billionaires’ kids will be so lucky. Many business moguls, such as […]
Read moreGold has rallied 6 percent this year, and as investors weigh mounting geopolitical tensions, one trader is betting nearly $1.5 million on an even bigger rise for the precious metal in the second half. The yellow metal climbed this week as the dollar and stocks slumped as slowing economic data and jitters over North Korea […]
Read moreRaymond James made Nike its “top pick” in the consumer sector due to its recent initiatives to sell directly to consumers on social media and e-commerce platforms. The firm initiated coverage on the sportswear company’s shares with an outperform rating. “The growing influence of millennials is radically transforming the sporting goods industry,” analyst Cedric Lecasble […]
Read moreThe world’s top medical technology companies are turning to robots to help with complex knee surgery, promising quicker procedures and better results in operations that often leave patients dissatisfied. Demand for artificial replacement joints is growing fast, as baby boomers’ knees and hips wear out, but for the past 15 years rival firms have failed […]
Read moreMusic streaming service SoundCloud on Thursday said that it cut 173 jobs, or 40 percent of its staff, as it seeks to become profitable. SoundCloud also said it has consolidated its employees into two offices — the Berlin headquarters and New York. SoundCloud is closing its San Francisco hub and a spokesperson said the company […]
Read moreRenowned energy trader Mark Fisher on Thursday forecast that a string of unseasonably warm winters will break and send natural gas above $4 or $5 per million British thermal units. Natural gas prices have remained locked in a range between about $2.75 and $3.25 per mmbtu, but Fisher believes in the next year or two, […]
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