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Business News

Friday, Jul 14, 2017 at 04:29 PM EDT

S&P 500 Closes at Record, Topping June High

S&P 500 Closes at Record, Topping June High

Stocks rose to record levels on Friday as earnings season kicked off, CNBC reported. The S&P climbed 0.6 percent to close at 2,459.27, setting intraday and closing records. The index's previous intraday...

Thursday, Jul 13, 2017 at 12:59 PM EDT

Investors: 'Pharma Bro' Shkreli Was Shady -- and Profitable

Investors: 'Pharma Bro' Shkreli Was Shady -- and Profitable

The jury at the securities fraud trial of "Pharma Bro" Martin Shkreli has heard investors accuse the quirky former biotech CEO of repeatedly giving them the runaround when they tried to pull their money out...

Wednesday, Jul 12, 2017 at 08:46 PM EDT

Apple to Open Data Center in China With Government Ties

Apple to Open Data Center in China With Government Ties

Apple will open a data center in mainland China with ties to the country's government, raising concerns about the security of iCloud accounts that store personal information transferred from iPhones, iPads...

Wednesday, Jul 12, 2017 at 09:29 PM EDT

Security Lapse Leaks Data From Millions of Verizon Customers

Security Lapse Leaks Data From Millions of Verizon Customers

A security researcher says a lapse has exposed data from millions of Verizon customers, leaking names, addresses and personal identification numbers, or PINs. Verizon Wireless says 6 million customers were...

Wednesday, Jul 12, 2017 at 10:08 AM EDT

Prime Day 2017 Was Amazon's Biggest Shopping Event Ever

Prime Day 2017 Was Amazon's Biggest Shopping Event Ever

Black Friday and Cyber Monday are big shopping days on Amazon, but the online retailer's own shopping holiday, Prime Day, has them both beat, the company said Wednesday. The July 11 event that saw 3.5 million...

Tuesday, Jul 11, 2017 at 05:37 PM EDT

Microsoft Eyes Buffer Zone in TV Airwaves for Rural Internet

Microsoft Eyes Buffer Zone in TV Airwaves for Rural Internet

Microsoft wants to extend broadband services to rural America by turning to a wireless technology that uses the buffer zones separating individual television channels in the airwaves. Microsoft plans to partner...

Tuesday, Jul 11, 2017 at 04:00 PM EDT

Dow Falls 100 Points, Then Recovers, After Trump Jr.'s Tweet

Dow Falls 100 Points, Then Recovers, After Trump Jr.'s Tweet

Moments after Donald Trump Jr. tweeted the email exchange that led to his meeting with a Russian attorney the Dow fell 100 points Tuesday, CNBC reported. Stocks initially fell on concerns the Russia controver...

Tuesday, Jul 11, 2017 at 12:13 PM EDT

US Job Openings Slipped in May, but Hiring Increased

US Job Openings Slipped in May, but Hiring Increased

U.S. employers posted fewer job openings in May. But hiring picked up and more people are quitting their jobs — both positive signs for the economy. Job openings fell 5 percent in May to 5.7 million, the Labor...

Tuesday, Jul 11, 2017 at 07:07 AM EDT

How and Why Amazon Ships So Many Packages So Quickly

How and Why Amazon Ships So Many Packages So Quickly

Amazon’s Prime Day, a carefully fabricated “retail holiday” meant to take advantage of the company's vast shipping network, takes place in a time of year when the busy holiday shopping season is still a ways...

Monday, Jul 10, 2017 at 09:55 PM EDT

Amazon Prime Day Now Backed by Cargo Plane Fleet

Amazon Prime Day Now Backed by Cargo Plane Fleet

For this year's Prime Day, Amazon is taking to the skies. A fleet of cargo jets will be used in the company's annual day of online deals for the first time in the U.S., it said in a press release Monday. As...

 

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