Apple Inc’s shareholders on Wednesday defeated a proposal critical of its removal of apps at the request of the Chinese government, but the proposal drew a much higher proportion of votes than similar proposals in previous years which had gained support only in single-digit percentages.
U.S. Republican Senator Marco Rubio on Wednesday asked the Trump administration to review the national security implications of AT&T’s Inc’s planned sale of its majority stake in Central European Media Group Enterprises (CME) to the Czech-owned conglomerate PPF Group.
Tuesdays are supposed to mark turnarounds in the market, moving in the opposite direction after a big move on Monday. Not this time! After cratering 112 points on Monday, the S&P 500 (SPY) fell another 98 points, with a two-day decline of 6.3%. That’s the largest two-day loss since August 2015. The most recent two-day decline of over 6% was when the market was correcting after its parabolic move from late 2017/early 2018. …read more […]
Oil prices fell to their lowest in more than a year on Wednesday after hundreds of new coronavirus cases reported in Europe and the Middle East stoked fears that energy demand would decline, and on concerns that the virus could spread across the United States.
Self-driving car companies in California covered nearly 2.9 million miles on public roads during 2019, the state’s Department of Motor Vehicles said on Wednesday.
As the coronavirus outbreak continues to spread around the globe, many people are buying surgical face masks to protect themselves. But simple surgical won’t protect people from the virus. …read more […]
U.S. stocks lost ground with the S&P falling to session lows in a volatile session on investor jitters on Wednesday over the prospect of coronavirus cases in New York after officials said they were monitoring 83 people who visited China.
Finnish telecom network equipment maker Nokia Oyj is exploring strategic options and is working with advisers to consider potential asset sales and mergers, Bloomberg News reported on Wednesday, citing people familiar with the matter.
The White House is considering appointing a coronavirus Czar, to coordinate a response to the outbreak, according to Politico. Yahoo Finance’s Anjalee Khemlani joins Seana Smith on The Ticker to discuss the details and the latest cases being reported in America. …read more […]
Oil prices fell 3% on Wednesday after hundreds of new coronavirus cases reported in Europe and the Middle East stoked fears that energy demand would decline, and on concerns that the virus would become a pandemic in the United States.
The coronavirus outbreak has yet to spread meaningfully to U.S. shores, but fears of it alone have already eviscerated some $2 trillion of American stock market value, setting off a market rout that could stymie consumer spending – even before other economic effects of the disease are felt.
NMC Health fired Chief Executive Prasanth Manghat and granted its finance chief extended sick leave, the healthcare company said on Wednesday after the firm unveiled details from its ongoing investigation into its finances.
Stocks and oil prices resumed their sharp decline on Wednesday after a report said over 80 people were being monitored for the novel coronavirus in New York State’s Long Island.
I grew up in the 1960s. It was a different era. People still believed technology could fix our biggest problems and serve our greatest needs. As a teenager, I believed it more than most. And with good reason.
I was 16 when American astronauts landed on the moon. It was an awe-inspiring moment that captured the imagination of the entire nation.
And space travel wasn’t the only big technological breakthrough during my teenage years.
In 1967, a South African doctor performed the first successful heart transplant. Microwave ovens were introduced to consumers in 1967 too. Two years later, the first Single-Chip Microprocessor (the …read more […]
Over the past three days, the Wuhan coronavirus panic has caused the oil market – along with countless others – to nosedive.
But I’m not expecting crude to rebound sharply with the others…
The reason? It goes back to how the U.S. innovated its way into oil independence – and drove OPEC to the brink.
Leaving OPEC in the Dust
For decades, OPEC controlled world oil prices. The U.S. had to import nearly all of its crude oil.
From 2000 through 2010, U.S. crude oil production averaged only about 5.5 million barrels per day (bpd).
But at about the same time, U.S. petroleum engineers developed a …read more […]
Copyright 1997-2019 Wall Street Reporter / Octagon Media Corp.
