Gift of a Servant

Trump could have meant several things when he said this, but this part of the tweet is misleading. Oil shipped by sea is actually down 48 million barrels from a peak at the start of the year, according to data from tanker-tracking firm ClipperData. The amount of crude loaded on ships around the globe averaged […]

The cannabis industry is growing, which may mean bad news for the beer industry, said Vivien Azer of Cowen, an investment firm. “We view the interaction with alcohol as being the most obvious to us as we think of these products as substitute social lubricants,” Azer, managing director and senior research analyst at Cowen, told […]

The central banker expected to be the next head of the New York Fed doesn’t think much of bitcoin and other cryptocurrencies. “Cryptocurrency doesn’t pass the basic test of what a currency should be,” John Williams, currently the head of the San Francisco Fed but the nominee for the top slot in New York, said […]

Boulder and San Miguel counties in Colorado are suing ExxonMobil and Suncor Energy for their effects on the environment and their negative contributions to climate change. Up until this point climate change lawsuits have been limited to coastal cities worried about sea level rise. However, these Colorado cities say they are feeling the negative effects […]

Southwest Airlines has sent a letter of apology and is offering compensation to passengers who were on a flight earlier this week that made an emergency landing following an engine explosion. ABC News reports that it obtained a letter to one passenger signed by Southwest CEO Gary Kelly that included a $5,000 check and a […]

General Electric is in discussions to sell its rail business to Wabtec, according to multiple reports Friday. Shares of Wabtec rose more than 6 percent in trading Friday. The industrial conglomerate’s transportation business is valued at about $7 billion, with GE examining multiple ways to offload the division. CEO John Flannery has been looking to […]

Andrew Harrer | Bloomberg | Getty Images James Comey, former director of the Federal Bureau of Investigation (FBI), listens during a Senate Intelligence Committee hearing in Washington, D.C., on Thursday, June 8, 2017. Memos leaked by former FBI Director James Comey contain information that is now considered classified, prompting the Justice Department’s watchdog to review […]

General Electric shares rose as much as 7 percent Friday after the Dow component’s upbeat first-quarter earnings. But few – if any – on Wall Street are calling it a comeback. “There’s absolutely no change to our thesis here,” J.P. Morgan analyst Stephen Tusa told Giftofaservant’s “Squawk on the Street.” Tusa said GE’s overall number […]

Ekso is also getting inbound inquiries from construction, aerospace and other manufacturers, and ramping up its production of the vest, according to the CEO. Before selling the vests, Ekso put them through extensive testing in labs and out in the field, making sure they work in below-freezing temperatures, or when they’re covered in concrete dust […]

President Donald Trump’s lawyer is asking a federal judge in Los Angeles to delay a court case brought by a porn actress who claims she had an affair with the president. U.S. District Judge James Otero is set to hear arguments Friday morning about whether to delay Stormy Daniels’ case after FBI agents raided the […]