Day: January 29, 2018

Tess Torelli January 29, 2018

The jump in the 10-year Treasury yield to its highest in more than three years signals gains for big banks and technology stocks, history shows. Using quantitative analysis tool Kensho, Giftofaservant looked at the performance of Dow Jones industrial average components when 10-year bond prices fall and yields surge. Just four weeks into the new […]

Tess Torelli January 29, 2018

PALM SPRINGS, Calif.—One of the Republican Party’s biggest donor groups is dramatically ramping up its political spending – and putting the recently passed tax plan front and center – as the GOP fights to preserve its congressional majorities in this year’s hotly contested midterm elections. The network of advocacy groups tied to billionaire industrialists Charles […]

Tess Torelli January 29, 2018

Kiyoshi Ota | Bloomberg | Getty Images Bunsei Kure, president and chief executive officer of Renesas Electronics Corp. Japanese semiconductor company Renesas Electronics is in talks to acquire U.S. chipmaker Maxim Integrated in what could be close to a $20 billion acquisition. A deal isn’t imminent and one may not happen, the people said, who […]

Tess Torelli January 29, 2018

Veteran Rep. Rodney Frelinghuysen, the powerful chairman of the House Appropriations Committee, announced Monday that he will not seek re-election and will retire at the end of his term. The New Jersey Republican was facing his first competitive re-election race in decades and joins a growing roster of GOP veterans who are heading for the […]

Tess Torelli January 29, 2018

Boeing is joining the global scramble for efficient batteries. The aerospace giant’s venture arm Boeing HorizonX Ventures has taken a minority stake in battery start-up Cuberg, Boeing said Monday. Cuberg joins Boeing HorizonX Ventures’ stable of investments that include Zunum Aero, an electric-and-hybrid plane startup whose investors also include airline JetBlue. The terms of the […]

Vinnyd January 29, 2018

Indian team, led by Virat Kohli, leaves for South Africa on Wednesday night. India will play 3 Tests, 6 ODIs and 3 T20 matches during the two-month tour. The first Test match in Cape Town starts January 5. India equalled Australia’s record of nine consecutive Test series wins after beating Sri Lanka at home recently. […]

Tess Torelli January 29, 2018

“It’s the simplest, fairest, and most effective way to raise the money we need for roads, bridges, and transit,” Chamber President Tom Donohue said in a statement. The federal gas tax stands at 18.4 cents and has not been increased since 1993. Revenues from the gas tax have been declining, because it is not indexed […]

Tess Torelli January 29, 2018

“The fundamental thing that can help the Kyrgyz Republic leap-frog into a better country with a better economy is technology,” Aziz Soltobaev, founder of KG Go, a website aimed at boosting tech entrepreneurship in the country, told Giftofaservant. “The tech community here is growing organically, the initiative comes from the community, not the government or […]

Tess Torelli January 29, 2018

Wynn Resorts stock remains in danger of dropping further if booking companies decide to avoid the casino group, according to one senior gaming analyst on Monday. Shares of the company plunged more than 10 percent Friday after The Wall Street Journal reported allegations that billionaire CEO Steve Wynn engaged in sexual misconduct over many years. […]