- Data in focus as market struggles for direction
- Fri, 29 Jul 2016 22:46:16 -0400 -
Wall Street, seeking direction as the S&P 500 has been stuck in a narrow trading range for 12 days, will next week shift its attention from second-quarter corporate earnings reports to economic data. Investors will be looking for signs of economic strength to reinforce the positive direction hit Friday, when the S&P 500 hit an intraday record high. The overall tone will be of an economy that is getting better at a reasonable pace," said John Manley, chief equity strategist at Wells Fargo Funds Management in New York.
- Oil rout erodes second-quarter profits for U.S. majors Exxon, Chevron
- Fri, 29 Jul 2016 15:05:19 -0400 -
Chevron Corp posted its worst quarterly loss since 2001 on Friday and Exxon Mobil Corp reported a 59 percent slide in profit, as the long crude price rout and tumbling refining income inflicted pain across the energy sector. Exxon, the world's largest publicly traded oil producer, shocked Wall Street as its quarterly profit missed expectations, sending its shares down as much as 4.5 percent on Friday. In the United States, where Exxon is the largest natural gas producer and a major oil producer, the company lost money.
- Berkeley study finds scarce evidence of market 'front-running'
- Fri, 29 Jul 2016 15:52:16 -0400 -
Two University of California, Berkeley professors have taken a deep dive into new data and found that claims in Michael Lewis' bestseller "Flash Boys" that retail investors are being gouged, or "front-run," by high-speed traders not to be true - at least not now. Professors Robert Bartlett and Justin McCrary said their findings contradict the common belief that fast traders systematically exploit others who rely on public data feeds, which in the past were notoriously slow. "Flash Boys: A Wall Street Revolt" touted two theories of market abuse that the study, "How Rigged Are Stock Markets?
- Delaware judge proposes October trial over removal of Viacom directors
- Fri, 29 Jul 2016 14:17:51 -0400 -
Judge Andre Bouchard proposed Oct. 17 for the beginning of the trial. In June, 93-year old Redstone, through his National Amusements Inc holding company, removed five of Viacom's directors, including Chief Executive Philippe Dauman, from the company's board. National Amusements owns 80 percent of voting shares of Viacom and CBS Corp .
- SABMiller board to recommend final AB InBev offer
- Fri, 29 Jul 2016 11:28:47 -0400 -
The board of brewer SABMiller will recommend shareholders approve the final takeover offer by Anheuser Busch InBev , the company said on Friday, capping a week of high drama about the fate of the consumer industry's biggest-ever merger. AB InBev raised its cash offer to most shareholders by a pound-per-share on Tuesday, after the recent fall in the British currency made last year's deal less attractive. The board also unanimously decided that it intends to propose that its two largest shareholders, Altria and Bevco be treated as a separate class of shareholders.
- U.S. authorities subpoena Goldman in 1MDB probe: WSJ
- Fri, 29 Jul 2016 23:40:05 -0400 -
Goldman received the subpoenas earlier this year from the U.S. Department of Justice (DoJ) and the Securities and Exchange Commission (SEC), the Journal reported, citing a person familiar with the matter. The authorities also want to interview current and former Goldman employees in connection with the inquiries, but none of those meetings had occurred by Friday, WSJ said. The Department of Justice and the SEC declined to comment.
- No clean bill of health for EU banks in stress test
- Fri, 29 Jul 2016 18:03:44 -0400 -
Banks from Italy, Ireland, Spain and Austria fared worst in the latest European Union stress test, which the region's banking watchdog said on Friday showed there was still work to do in order to boost credit to the bloc's economy. "While a number of individual banks have clearly fared badly, the overall finding of the European Banking Authority - that Europe's banks are resilient to another crisis - is heartening," Anthony Kruizinga at PwC said. Italy's Monte dei Paschi , Austria's Raiffeisen , Spain's Banco Popular and two of Ireland's main banks came out with the worst results in the EBA's test of 51 European Union (EU) lenders.
- UK and China regulators discuss framework for financial projects
- Sat, 30 Jul 2016 07:04:43 -0400 -
British and Chinese securities watchdogs are discussing an agreement that will pave the way for landmark financial services projects between the countries, sources said, easing fears that Britain could be a less attractive partner for such deals after last month's vote to leave the European Union. Britain's Financial Conduct Authority (FCA) and the China Securities Regulatory Commission (CSRC) are cooperating on a regulatory framework for a scheme for distributing fund products in each other's jurisdiction and a proposed London-Shanghai link for trading shares, two people with direct knowledge of the matter said. Britain, home to the EU's biggest finance sector, has been pushing in recent years to deepen its financial services ties with China, which has agreed to these and other cross-border financial services schemes as part of the UK-China Economic and Financial Dialogue (EFD) program.
- 'Sell everything,' DoubleLine's Gundlach says
- Fri, 29 Jul 2016 17:03:37 -0400 -
Jeffrey Gundlach, the chief executive of DoubleLine Capital, said on Friday that many asset classes look frothy and his firm continues to hold gold, a traditional safe-haven, along with gold miner stocks. “The artist Christopher Wool has a word painting, 'Sell the house, sell the car, sell the kids.' That’s exactly how I feel – sell everything. Nothing here looks good,” Gundlach said in a telephone interview.
- U.S. extends oversight of Fiat Chrysler safety practices by a year
- Fri, 29 Jul 2016 15:14:59 -0400 -
U.S. auto safety regulators said on Friday they were extending oversight of Fiat Chrysler Automobiles NV for an additional year, requiring the Italian-American automaker to submit to monthly meetings and early disclosures of potential vehicle issues. In July 2015, Fiat Chrysler agreed to a $105 million settlement with the U.S. National Highway Traffic Safety Administration for mishandling nearly two dozen recall campaigns covering 11 million vehicles. Fiat Chrysler said in a statement that the NHTSA's decision to extend the requirements was not based on the company's performance to date, but rather to "facilitate continued communication," citing a letter from the agency.
- Recommended Reading: Nintendo's NX sounds weird and that's okay
- Sat, 30 Jul 2016 10:00:00 -0400 -
- Everything you need to know about Wi-Fi calling
- Sat, 30 Jul 2016 09:00:07 -0400 -
Curious about Wi-Fi calling and what it entails? CNET has the rundown on what you need to know.
- That time Jason Bourne went to a fake CES
- Sat, 30 Jul 2016 09:00:03 -0400 -
Being a technology journalist is exactly like being an action hero, especially when superspy Jason Bourne hits a tech trade show in his latest movie.
- ICYMI: Eye exams go DIY and smartfeeding your pets
- Sat, 30 Jul 2016 09:00:00 -0400 -
- The stereo gear that amplifies my friendships
- Sat, 30 Jul 2016 08:00:10 -0400 -
Peter had an irrepressible passion for music. I share that love through his old tube amplifier.
- Enjoy Disney Infinity now, because many of its features will shut down next year
- Sat, 30 Jul 2016 08:00:07 -0400 -
Your collection of Marvel, Star Wars and Disney video game characters will do a lot less in 2017.
- Mercedes pulls confusing autonomous car ad
- Sat, 30 Jul 2016 02:05:00 -0400 -
- Chernobyl site could be rebuilt as a massive solar farm
- Fri, 29 Jul 2016 23:58:00 -0400 -
- 'Uncharted' movie discovers another writer for its script
- Fri, 29 Jul 2016 23:41:00 -0400 -
- Fri, 29 Jul 2016 23:21:00 -0400 -
- Host other people's Twitch streams from your mobile device
- Fri, 29 Jul 2016 22:43:00 -0400 -
- NASA orders a second ISS crew delivery from SpaceX
- Fri, 29 Jul 2016 22:13:00 -0400 -
- AT&T is raising data caps to 1TB for U-verse subscribers only
- Fri, 29 Jul 2016 21:24:00 -0400 -
- 'Disney Infinity' goes offline in March 2017
- Fri, 29 Jul 2016 20:49:00 -0400 -
- SwiftKey leaked user email addresses as text predictions
- Fri, 29 Jul 2016 20:09:00 -0400 -
- Apple may be hurting its own TV service plans (Apple Byte Extra Crunchy, Ep. 48)
- Fri, 29 Jul 2016 19:38:42 -0400 -
Apple's hubris is holding back its TV streaming service, the Apple car is focusing on an autonomous driving system, and we've got new Apple Watch details.
- Video: iPhone wins against Android with DNC 2016 attendees
- Fri, 29 Jul 2016 19:12:00 -0400 -
TechRepublic asked DNC 2016 convention goers 'Are you an iPhone or an Android user?' Spoiler: most, including former U.S. Representative Dennis Kucinich, use iPhones.
- Marvel's Luke Cage Netflix series increases hip-hop mass appeal, names episodes after Gang Starr songs
- Fri, 29 Jul 2016 19:01:04 -0400 -
Every episode of the upcoming series will be named after songs by the prolific hip-hop duo and the first three have already been revealed.
- Dems hit by another hack
- Fri, 29 Jul 2016 18:54:57 -0400 -
Hackers attack a group that raises funds for Democratic party candidates running for the House. The FBI is investigating.
- Google is turning on HSTS encryption on its domain
- Fri, 29 Jul 2016 18:49:00 -0400 -
- Social media swoons over photos of young Tim Kaine
- Fri, 29 Jul 2016 18:43:46 -0400 -
Hipster cred and cheekbone compliments ensue after old photos surface on Twitter of Democratic vice presidential candidate Tim Kaine.
- WhatsApp chats leave a record even after deletion, says security researcher
- Fri, 29 Jul 2016 18:42:44 -0400 -
Conversations can reportedly be reconstructed from traces of trashed chats.
- Instagram is letting users filter words out of post comments
- Fri, 29 Jul 2016 18:11:00 -0400 -
- YouTube says RNC and DNC watched by more than 9 million viewers
- Fri, 29 Jul 2016 17:52:48 -0400 -
Both the Republican and Democratic National Conventions had an average of more than 4.5 million viewers.
- Kevin Mitnick: User training could have prevented DNC email hacks
- Fri, 29 Jul 2016 17:45:40 -0400 -
Everyone from famed hacker Kevin Mitnick to the IEEE Computer Society agree that a little end user training goes a long way in preventing phishing attacks.
- Colorize the Windows 10 inactive title bar with this handy HTA
- Fri, 29 Jul 2016 17:09:00 -0400 -
You can customize the color of the active title bar in Windows 10, but you have to hack the registry to colorize the inactive title bar--unless you take advantage of this easy-to-use HTML app.
- Clinton's campaign was also hacked in breach of Democratic Party
- Fri, 29 Jul 2016 17:05:00 -0400 -
- Orion spacecraft may fall behind schedule, go over budget
- Fri, 29 Jul 2016 16:58:00 -0400 -
- The 404 Show Best of 2016: Vladimir Duthiers
- Fri, 29 Jul 2016 16:53:54 -0400 -
With 2016 more than half over we're taking a look back at the first 7 months of shows and picked one of our absolute favorites to re-run. Vladimir Duthiers is a CBS News correspondent and CBSN anchor who blew us (and our audience) away with his remarkable story.
- Blizzard's next 'Hearthstone' adventure is a magical disco party
- Fri, 29 Jul 2016 16:33:00 -0400 -