Over the past 100 years we’ve witnessed some of the most profound changes in human history. Between wars, technological developments, progress in civil rights, and breakthroughs in science and medicine, the old order that held back hundreds of millions of people has been swept away. Centuries-old empires crumbled as new ideologies — from communism to fascism — for better or […]

There are currently 88 wildfires burning across the country in 14 states. Almost 200,000 acres are currently ablaze, an area roughly equivalent to all five boroughs of New York City, combined. In California, Yosemite National Park has been evacuated for fear of the nearby 41,576 acre Ferguson fire, which is only slightly more than one-quarter contained. There are currently over […]

WASHINGTON (Reuters) – U.S. President Donald Trump on Friday hailed a report on economic growth as a sign that the economy was mounting a remarkable turnaround under his stewardship. The facts are more nuanced. A trader works on the floor of the New York Stock Exchange as U.S. President Donald Trump speaks on the television shortly after the opening bell […]

WASHINGTON (Reuters) – The U.S. economy grew at its fastest pace in nearly four years in the second quarter as consumers boosted spending and farmers rushed shipments of soybeans to China to beat retaliatory trade tariffs before they took effect in early July. Gross domestic product increased at a 4.1 percent annualized rate also as government spending picked up, the […]

CHICAGO (Reuters) – When Caterpillar Inc (CAT.N) reports earnings on Monday, investors will focus on the heavy equipment maker’s ability to adjust its prices in the face of rising materials costs that are expected to pressure profit margins. FILE PHOTO: Caterpillar Inc. equipment is on display for sale at a retail site in San Diego, California, U.S., March 3, 2017. […]

CBS Corp., already embroiled in a legal battle with its controlling shareholder, will investigate claims of sexual misconduct expected to be leveled against Chief Executive Officer Leslie Moonves. The allegations in the forthcoming New Yorker article by Ronan Farrow involve unwanted touching and kissing incidents that go back, in part, more than 20 years, the Hollywood Reporter said, citing sources […]

LONDON (Reuters) – Following are five big themes likely to dominate thinking of investors and traders in the coming week and the Reuters stories related to them. FILE PHOTO: The German share price index, DAX board, is seen at the stock exchange in Frankfurt, Germany, March 20, 2018. REUTERS/Staff/Remote1/WHAT’S THE JAPLAN? The Bank of Japan meets on Tuesday and might […]

First Solar reported a surprise loss for the second quarter as revenues badly missed expectations. Revenues were nearly $200 million short of consensus estimates as fewer sales closed in the quarter than expected. The company also lowered its full-year guidance for gross margins due to the cost of developing its new Series 6 solar module. Shares of First Solar plunged […]

Alphabet’s subsidiary Loon LLC has secured its first commercial deal – to deliver 4G internet access to remote areas of Kenya using high-altitude balloons. Loon will partner with Telkom Kenya to deliver connectivity to parts of Kenya. Telkom Kenya announced Thursday that it has signed a definitive agreement with Loon to pilot a new 4G/LTE access network service in Kenya. […]

(Reuters) – U.S. stocks rose on Friday as bumper earnings from Amazon lifted consumer discretionary stocks and data showed that the U.S. economy grew at its fastest pace in nearly four years. A Commerce Department report showed that gross domestic product increased at a 4.1 percent annualized rate in the second quarter as consumers boosted spending and farmers rushed shipments […]