Business

2017 November. Page #1. Latest story: The Technological Race to Find You a Place to Park

The Technological Race to Find You a Place to Park

The New York Times | Thursday November 30, 2017

Car companies, app makers and navigation services are trying to fix one of the most persistent headaches for drivers: getting a parking spot.

A.I. Will Transform the Economy. But How Much, and How Soon?

The New York Times | Thursday November 30, 2017

Three new reports suggest that artificial intelligence can probably do less right now than you think. But by one estimation, up to a third of American workers will have to switch jobs by 2030 largely because of it.

Energy Idea for Mars Yields a Clue for Powering Data Centers

The New York Times | Thursday November 30, 2017

The use of natural gas in fuel cells, producing electricity through a chemical reaction, will be given a try at a dozen locations.

Dow smashes through 24,000 as markets hit new highs

The Washington Post | Thursday November 30, 2017

As one analyst put it, 'We are in a booming economy. You have a number of world markets hitting new, all-time highs.'

Sunset Magazine Is Sold to a California Private Equity Firm

The New York Times | Thursday November 30, 2017

The sale by Time Inc. returns the pioneering lifestyle magazine to its West Coast roots.

GM plans large-scale launch of self-driving cars in U.S. cities in 2019

Reuters | Thursday November 30, 2017

SAN FRANCISCO/DETROIT (Reuters) - General Motors Co laid out its vision for self-driving vehicles on Thursday, telling investors it planned a commercial launch of fleets of fully autonomous robo-taxis in multiple dense urban environments in 2019, in a challenge to rivals such as Alphabet Inc's Waymo.

Robots could soon replace nearly a third of the U.S. workforce

The Washington Post | Thursday November 30, 2017

Score One for Corn: In Battle Between Refiners and Farmers, Farmers Win

The New York Times | Thursday November 30, 2017

The Environmental Protection Agency announced it would not change the rule mandating a rising percentage of ethanol to be blended with gasoline.

Goldman eschews bitcoin but wants to help clients crypto-trade

Reuters | Thursday November 30, 2017

NEW YORK (Reuters) - Goldman Sachs Group Inc is trying to figure out how to cater to investors who want to trade bitcoin even though the digital currency remains too volatile for the Wall Street bank to trade itself, according to comments by a representative and its chief executive officer on Thursday.

Kroger profit improves amid Amazon threat, shares pop

Reuters | Thursday November 30, 2017

(Reuters) - Kroger Co issued an upbeat holiday forecast and better-than-expected quarterly results, helped by aggressive discounts that lured more shoppers to its supermarkets, and shares soared as much as 13.6 percent.

Dow tops 24,000 as tax bill garners crucial support

Reuters | Thursday November 30, 2017

(Reuters) - The Dow Jones Industrial Average broke the 24,000 mark for the first time on Thursday and other Wall Street indexes rallied on strong indications that President Donald Trump's tax-cut plan may get enough support to pass.

How Elon Musk Brought the World's Biggest Battery to Rural Australia

The New York Times | Thursday November 30, 2017

Mr. Musk, the Tesla founder, has a solution to South Australia’s blackout problem: a battery the size of a football field.

Russell Simmons Steps Down From Businesses After Sexual Misconduct Report

The New York Times | Thursday November 30, 2017

Jenny Lumet, a writer, said on Thursday that Mr. Simmons sexually assaulted her in 1991.

Trump Says G.O.P. Tax Bills Won't Benefit Him. That's Not True.

The New York Times | Thursday November 30, 2017

The tax legislation hurtling through Congress this week seems almost tailor-made to benefit the president, despite his claims that the bills are “not good for me.”

Is OPEC Dead? Cartel Faces Epic Battle Against Shale: QuickTake

The Washington Post | Thursday November 30, 2017

Maybe Kroger Can Survive Amazon’s Onslaught After All: Gadfly

The Washington Post | Thursday November 30, 2017

Verizon plan to launch 5G broadband lifts shares

Reuters | Thursday November 30, 2017

NEW YORK (Reuters) - Verizon Communications Inc shares rose 2 percent in midday trading on Thursday after the No. 1 U.S. wireless carrier said it would launch next-generation high-speed Internet services in three to five U.S. markets in 2018.