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An Election Likely to Extend, Not Close, Political Divides

An Election Likely to Extend, Not Close, Political Divides

With three weeks to go before a crucial midterm election, the country seems headed toward a vote that will both confirm and extend its current political divides.

Published 6 days ago

BofA’s record profits marred by growth concerns

BofA’s record profits marred by growth concerns

Struggling investment bank also holds back performance at second-largest US lender

Published 1 second ago

Why This Election Is So Hard to Predict

Why This Election Is So Hard to Predict

Analysts say a president's job-approval rating is the most important sign of his party's prospects ahead of midterm congressional elections. But with the economy at record strength, the usual rules may not apply to Donald Trump. Watch these metrics to understand the unusual climate of 2018.

Published 6 days ago

Trump to Send Mike Pompeo to Saudi Arabia to Discuss Missing Journalist

Trump to Send Mike Pompeo to Saudi Arabia to Discuss Missing Journalist

President Trump said he was sending U.S. Secretary of State Mike Pompeo to meet with Saudi King Salman to discuss the fate of a Saudi dissident journalist who disappeared after entering the Saudi consulate in Istanbul.

Published 6 days ago

Sears Reshaped America, From Kenmore to Allstate

Sears Reshaped America, From Kenmore to Allstate

Sears, a retail pioneer that shaped America’s 20th-century expansion, became distracted by shifting strategies until the internet and a CEO’s unorthodox strategies brought about its end.

Published 6 days ago

Another Victim of the Trade Spat: U.S. Oil to China

Another Victim of the Trade Spat: U.S. Oil to China

U.S. oil exports to China have slowed to a trickle amid the continuing trade spat between Washington and Beijing, in an abrupt reversal that is upending global crude trade flows and forcing American producers to find new buyers.

Published 6 days ago

Carl Icahn renews fight against Michael Dell, opposing IPO plan

Carl Icahn renews fight against Michael Dell, opposing IPO plan

Activist investor discloses 8.3 per cent stake in tracker stock to be used for offering

Published 1 second ago

Saudi Conference on the Rocks as Western Participants Drop Out

Saudi Conference on the Rocks as Western Participants Drop Out

JP Morgan CEO James Dimon, Laurence Fink of BlackRock and Stephen Schwarzman of Blackstone are the latest Western executives to pull out of Riyadh’s premier business conference following accusations that the Saudi government ordered the killing of dissident journalist Jamal Khashoggi in Istanbul.

Published 6 days ago

Small Caps Become Latest Winning Trade to Collapse

Small Caps Become Latest Winning Trade to Collapse

Shares of small, U.S.-focused firms are suffering their worst rout in years, removing another pillar of support for the nine-year bull market as it faces heightened turmoil.

Published 6 days ago

Carl Icahn to Oppose Dell’s Purchase of DVMT Tracking Shares

Carl Icahn to Oppose Dell’s Purchase of DVMT Tracking Shares

Carl Icah revealed an 8.3% stake in DVMT and says he plans to vote against Dell’s plan to buy the stock as part of a deal intended to return Dell to the public markets.

Published 6 days ago

Harvard Trial Will Open With Admissions Dean in Hot Seat

Harvard Trial Will Open With Admissions Dean in Hot Seat

The top gatekeeper for Harvard University’s undergraduate program will take the stand in Boston federal court for the first day of a high-profile trial in which Harvard will defend its use of race as a factor in admissions decisions.

Published 6 days ago

Bank of America Profit Jumps 32%

Bank of America Profit Jumps 32%

Bank of America, the second largest U.S. lender by assets, reported third-quarter net income rose 32% as the bank continued to benefit from a strong economy, higher interest rates and recent federal corporate tax changes.

Published 6 days ago

A Drama CBS Can’t Cancel—the One in Its Boardroom

A Drama CBS Can’t Cancel—the One in Its Boardroom

CBS sought to turn the page on upheaval when Leslie Moonves stepped down as chairman and chief executive. Instead, the boardroom drama continued.

Published 6 days ago

Deepfake Videos Are Ruining Lives. Is Democracy Next?

Deepfake Videos Are Ruining Lives. Is Democracy Next?

Computer-generated videos are getting more realistic and even harder to detect thanks to deep learning and artificial intelligence. As Jason Bellini finds in this episode of Moving Upstream, these so-called deepfakes can be playful, but can also have real, damaging consequences for people’s lives.

Published 6 days ago

Saudi Arabia opens Khashoggi probe as international pressure mounts

Saudi Arabia opens Khashoggi probe as international pressure mounts

King Salman intervenes over disappearance of prominent journalist

Published 1 second ago