SpaceX Gets New Financing

July, 28, 2017|

The Launch of SpaceX

SpaceX, the rocket maker founded by billionaire Elon Musk, has raised up to $350 million in new financing and is now valued at around $21 billion, making it one of the most valuable privately held companies in the world...

FACEBOOK DOES IT AGAIN

July, 27, 2017|

Facebook Profit Jumps

Facebook Inc. on Wednesday said profit rose a better-than-expected 71% in the second quarter, as the social-media giant benefited from expanding its use of ads. They reported earnings per share of $1.32, up from 78 cents a year ago compared with the $1.12 per share projected...

July, 26, 2017|

Danielle DiMartino Booth

It is said that the Great Inflation gave way to the Great Moderation, so named due to the decrease in macroeconomic volatility the U.S. economy enjoyed from the 1980s through the onset of that third ‘Great,’ The Great Financial Crisis...

VW Pleading Guilty

July, 26, 2017|

Volkswagen Exec to Plead Guilty

A Volkswagen executive accused of helping to cover up the automaker's diesel emissions fraud has agreed to plead guilty in federal court next week, a development that could bolster the Justice Department's efforts to prosecute individuals involved in the scandal...

GOP Internal Battle

July, 25, 2017|

The Pressure is On

President Donald Trump made a last-minute pitch to GOP senators urging them to vote today to begin debate on a sweeping health-care law, a tough situation that added to the pressures facing congressional Republicans at a critical moment. An unusually large number of GOP senators have signaled resistance to taking even the first procedural step...

BURRITO WITH E COLI

July, 21, 2017|

Chipotle in Trouble

Chipotle Mexican Grill's stock tumbled more than three percent Thursday as investors reacted to a string of bad news. Tests confirmed that a customer who ate at a Sterling, Virginia, location was sickened by norovirus...

FIX NAFTA

July, 20, 2017|

NAFTA Negotiations

U.S., Mexican and Canadian officials have agreed to an aggressive timetable to renegotiate the North American Free Trade Agreement (NAFTA), sources said, aiming to conclude early next year to avoid Mexico's 2018 presidential elections...