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…
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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…
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…
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…
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…
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…
Millions of people in the United States hunkered down Sunday in anticipation of brutal weather from a dangerous Arctic blast that forecasters warn could send temperatures plummeting to their coldest in 20 years. The northeast of the country and parts…
A private jet plane crashed on Sunday at Aspen-Pitkin County Airport, which serves the famous Colorado skiing resort, local and federal officials told AFP. Federal Aviation Administration spokesman Allen Kenitzer said an accident had taken place at…
US President Barack Obama ended his vacation in sunny Hawaii and boarded Air Force One for a flight back home to chilly Washington. Obama arrived in his native Hawaii on December 21 along with his wife Michelle and daughters Sasha, 12, and Malia, 15…
US stocks Friday closed out a holiday-shortened week mostly lower as outgoing Federal Reserve Chairman Ben Bernanke called for continued efforts to cement the economic recovery. The Dow Jones Industrial Average rose 28.64 (0.17 percent) to 16,469.99…
Americans rekindle their peculiar love affair with the post-Edwardian demise of English aristocracy on Sunday when season four of “Downton Abbey” premieres on US public television. The internationally-acclaimed period drama set in a grand old Yorkshire…