Momentum has slowed on Wall Street after the surge at the end of 2013, but the stock market’s tally at week’s end was still respectable, even if not outstanding. While the market spent much of the week in the red, two of the three indices still finished…
Browsing: United States
Hollywood’s finest hit the red carpet Sunday for the Golden Globes, launching Tinseltown’s most fiercely-contested awards season in years with a wide open field of hotly-tipped movies. Historical drama “12 Years a Slave” and crime caper “American Hustle…
India on Saturday said a bitter row over the US arrest and strip-search of an Indian consulate official had triggered a “mini-crisis” in bilateral relations and much more must be done to repair ties. Indian foreign minister Salman Khurshid’s remarks…
The sleek three-wheeled car looks futuristic, but, as its creator acknowledges, it uses no new technology. What makes the Elio Motors vehicle unique is its ultra-high fuel economy and an ultra-low price tag: $6,800. The vehicle, which was on display…
US stocks opened higher on Thursday amid more signs of strength in the US jobs market and after the European Central Bank chief acknowledged growing concerns over low eurozone inflation. Five minutes into trade, the Dow Jones Industrial Average gained…
The European Commission cleared on Thursday a merger between France’s Publicis and US peer Omnicom which will create the world’s biggest advertising company. The nature of the market, “the presence of other large competitors, the relatively low barriers…
Afghanistan on Thursday said it would release scores of suspected Taliban fighters from jail, despite US objections that the men are “dangerous individuals” who could return to the battlefield as NATO troops withdraw. A meeting chaired by Afghan President…
New claims for US unemployment insurance benefits fell last week, the government said on Thursday in a report suggesting improvement in the labor market. Initial jobless claims, a sign of the pace of layoffs, fell by 15,000 to a seasonally adjusted…
A European Parliament committee approved plans Thursday to hear US intelligence whistleblower Edward Snowden, whose revelations about snooping on EU leaders has sparked uproar against Washington. Parliament’s Civil Liberties committee voted 36 in favour…
Whenever NSA overreach is discussed, manyâÂÂeven the NSAâÂÂs biggest advocatesâÂÂrefer back to J. Edgar Hoover’s illegal FBI domestic surveillance program in the 1960s and 70s as the prime example of an out-of-control intelligence agency and…
JPMorgan Chase will pay $2.6 billion for its role as the key banker in the mammoth 2008 Madoff Ponzi scheme, US justice authorities and regulators announced Tuesday. The amount, part of a settlement deal over criminal charges, includes $2.24 billion…
Last week, press reports revealed more about the National Security Agency’s (NSA) elite hacking unit, the Office of Tailored Access Operations (TAO). The press also helped the public grasp other NSA activities, like how it’s weakening encryption. All…
Steven Levy, who specializes in massive articles looking into aspects of the tech industry, has a new one for Wired, called How the NSA Almost Killed the Internet. It basically looks at how the NSA legally coerced the tech companies into having to comply…
President Barack Obama made an emotional, moral and economic case for extending long-term unemployment benefits on Tuesday, kicking off his first skirmish of the year with Republicans. The spat over prolonging the lifeline to 1.3 million Americans,…
US stocks registered their first gains of the new year Tuesday, with the Nasdaq adding nearly one percent, helped by a solid November trade report. The Dow Jones Industrial Average finished up 105.84 points (0.64 percent) at 16,530.94. The broad-based…
Global oil prices rebounded with solid gains on Tuesday as a cold snap in the United States boosted demand for heating fuel, analysts said. New York’s main contract West Texas Intermediate for February delivery rose 73 cents to $94.16 a barrel. Brent…
The risk of dying from cancer in the United States has declined 20 percent over the past two decades, according to the American Cancer Society’s annual report out Tuesday. However, cancer, a complex disease that has largely eluded attempts at a cure…
JPMorgan Chase, the US bank used by Bernard Madoff who masterminded the biggest fraud on record, has agreed to pay about $2.0 billion to US authorities to avoid litigation, press reports said Monday. Madoff masterminded a massive and long-running so…
Bruce Springsteen’s 18th studio album “High Hopes” went online in the United States, nine days before its general release — and on the 41st anniversary of The Boss’s debut outing. Television network CBS had announced it would host the Internet-only…
Editor’s note: the author, Zhenyu Li, a contributing columnist for some of the world’s premier publications and editor-in-chief of the business channel at the People’s Daily Online, a publication of China’s Communist Party. BEIJING, China — For the…