Category: US News

Tesla Catches Break on China Auto Tariffs

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Tesla shares get a slight boost after China announces auto-tariff exemption…

Citing a statement made by the Ministry of Industry and Information Technology, Reuters reported on Friday that China will exempt Tesla electric vehicles from purchase tax. Tesla shares increased by more than 4% during premarket trading after the report was released.

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Johnson & Johnson Stock Rises Despite Opioid Case Verdict

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J&J stock jumps despite an unfavorable court ruling in a landmark opioid case…

On Monday, an Oklahoma judge ruled against Johnson & Johnson (J&J) in a landmark opioid case. According to the ruling, J&J is ordered to pay a $572 million fine for its role in the Oklahoma opioid epidemic. The hefty fine will be used to fund one year of costs under Oklahoma’s new plan to combat the current opioid crisis.

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Walmart Sues Tesla Over Solar Panel Fires

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Walmart claims Tesla solar panels caused multiple fires at its stores…

Tesla, Elon Musk’s vehicle and renewable energy company, is now the subject of a lawsuit as Walmart alleges Tesla’s solar panels are responsible for fires at several Walmart locations across the country.

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Home Depot Earnings: EPS Beat … But Total Sales Flub

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Will higher Home Depot earnings per share be a recurring trend or a lucky fluke?

A mixed financial report yesterday from retailer Home Depot had shares rising 4% in pre-market trading this morning.

On one hand, reported earnings of $3.17 per share beat analyst projections of $3.05 per share.

However, overall sales came in at $30.8 billion, less than analysts had expected at $31.02 billion. And same-store sales rose 3% instead of the projected 3.4%.

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New Hire Highlights Microsoft’s New Goals

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Microsoft shifts focus to emerging technologies and services…

Since Satya Nadella took over as CEO of Microsoft in 2014, he has consistently emphasized Microsoft’s dedication to thriving in a mobile- and cloud-based world.

This strategy has been very successful for the tech giant in recent years. Microsoft has excelled by collaborating with other companies and platforms to deliver its products and services. This change in strategy has helped the company’s stock increase by more than 275% since 2014.

However, last year, Microsoft announced a new focus.

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Capital One Shares Fall After Data Breach

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The Capital One data breach impacts more than 100 million consumers in the U.S.

On Tuesday, shares of Capital One fell more than 6% after the company revealed that a recent data breach exposed sensitive customer information. All in all, the data breach impacts more than 100 million U.S. consumers and 60 million Canadian consumers.

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AAA: Tech Distractions More Dangerous for Older Drivers

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A new AAA study in distracted driving shows that older drivers are more at risk.

Breaking news at CBS shows some of the results of the study, which found that drivers aged 55 and older have slower response times than younger drivers when using smartphones and tech — like infotainment or other distracting apps.

Specifically, older drivers were up to eight seconds slower to respond than younger cohorts.

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U.S. CEOs Pull Supply Chains Out of China

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Larry Fink of BlackRock helps explain why…

Laurence Douglas Fink is the CEO and chairman of BlackRock. Based in New York City, it’s a U.S. global investment management corporation with over $6.5 trillion in assets.

On July 19, Fink appeared on “Squawk Box,” a morning talk program on CNBC that features interviews some of America’s biggest names in investments and politics. Fink is regarded as a powerful CEO in U.S. investment management. 

While talking with “Squawk Box,” he said, “We’re hearing from CEOs that more and more supply chains are moving out of China right now. People are not waiting, companies are not wanting to see what the outcome is.”

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Trump Administration Approves Bee-Killing Pesticide

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Not all experts think it’s harmful…

Sulfoxaflor is an insecticide registered with the Environmental Protection Agency (EPA). Apparently, it does not pose any risk to human health, or wildlife, including pollinators. 

The insecticide was first registered with the EPA in 2013 and has been proven effective to pests that are resistant to other growing agents like pyrethroid, neonicotinoid, and carbamate. 

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