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The Latest Dow Record Happened in Record Time

The Latest Dow Record Happened in Record Time

The 30-member stock average was on track to close above 25000 for the first time in its 121-year history Thursday, taking just 23 trading sessions to climb from 24000. The blue-chip benchmark added 0.3% to 25013 in early trading.

Published 7 months ago

Don’t Trust Dow 25000. The Economic Cycle Is Broken

Don’t Trust Dow 25000. The Economic Cycle Is Broken

The economic cycle has been turned upside down. Depending on where you look, there is strong evidence that the U.S. is in the first stage of recovery, in a long mid-cycle, or even approaching the final stages before rolling over.

Published 7 months ago

Breitbart Owners Debate Ousting Bannon Amid Trump Feud

Breitbart Owners Debate Ousting Bannon Amid Trump Feud

President Donald Trump’s growing feud with Steve Bannon is threatening the former White House strategist’s leadership of the conservative Breitbart News website and upending Mr. Bannon’s plans to wage “war” on party incumbents he deemed insufficiently loyal to the White House agenda.

Published 7 months ago

Weinstein Co. Close to Sale for Less Than $500 Million

Weinstein Co. Close to Sale for Less Than $500 Million

Weinstein Co. is nearing the end of a sale process in which the embattled independent film studio could go for less than $500 million and its shareholders may lose all of their equity.

Published 7 months ago

US proposes dramatic expansion of offshore drilling

US proposes dramatic expansion of offshore drilling

Trump administration wants 90% of federal waters opened up for oil and gas companies

Published 1 second ago

Bannon bomb blows up Republican plans for 2018

Bannon bomb blows up Republican plans for 2018

Rift between president and former advisers threatens to become a war for Trump voters

Published 1 second ago

Sessions toughens US stance on cannabis use

Sessions toughens US stance on cannabis use

‘Return to the rule of law’ as administration heads on collision course with states

Published 1 second ago

Security experts issue dire warning on chip flaw

Security experts issue dire warning on chip flaw

Only way to gain full protection is to replace the computer system

Published 1 second ago

US and S Korea shelve military games to protect Olympics

US and S Korea shelve military games to protect Olympics

Washington and Seoul in bid to avoid action by Pyongyang that could hurt Games

Published 1 second ago

Trump Administration Proposes Massive Expansion of Oil Drilling

Trump Administration Proposes Massive Expansion of Oil Drilling

The Trump administration wants to open up nearly all of the country’s offshore areas for oil drilling, leasing areas off places like Florida and California, reversing an Obama-era policy.

Published 7 months ago

Republican Wins Virginia State House Seat on Drawing of Lots

Republican Wins Virginia State House Seat on Drawing of Lots

David Yancey was declared the winner of Virginia’s 94th District by the State Board of Elections after his name was pulled from a bowl, ending a race that had been tied after a recount and judges’ decision.

Published 7 months ago

Five things to watch as Brent crude oil nears $70

Five things to watch as Brent crude oil nears $70

Geopolitical risk, US shale, global growth, Opec policy and hedge funds will all be key

Published 1 second ago

Oil giant Saudi Aramco to change its legal status

Oil giant Saudi Aramco to change its legal status

Concrete step taken towards IPO, though questions remain over how, where and when

Published 1 second ago

Trump Lawyer Demands Book Critical of President Be Shelved

Trump Lawyer Demands Book Critical of President Be Shelved

A lawyer for President Donald Trump on Thursday demanded the author and publisher of a new book featuring scathing criticism of the White House halt its publication and apologize to the president.

Published 7 months ago

Remember the Shirtless Tongan Flag-Bearer? He’s Now a Cross-Country Skier.

Remember the Shirtless Tongan Flag-Bearer? He’s Now a Cross-Country Skier.

Pita Taufatofua is one race away from a return to the Olympics. Can he make it from Rio to Pyeongchang?

Published 7 months ago