Daimler AGAudi May sales offers more evidence that the American 1% continues to buy high-priced cars at record rates. The Volkswagen unit’s May U.S. sales rose 25.5% to 16,601. Volkswagen claims the number is…
courtesy of The Car Spy, via Wikimedia CommonsBMW brand sales rose 17.3% in May to 29,602. That allowed it to keep pace with sales of arch rival Mercedes. The gain owed a great deal…
Elon Musk, the CEO of Tesla Motors, began the victory lap of his final season as chief, although that season is four to five years away.
ThinkstockWith the stock market reaching new heights daily, companies’ profit margins at multi-decade highs, and falling unemployment, many Americans may be wondering when they will start to see the benefits of the U.S. economic…
China used the People’s Daily to announce U.S. companies that the government claims are spies for the American government. The text of the article Companies asked by Washington to use online services to spy on customers Foreign technology services providers such as Google and Apple can become cybersecuritythreats to Chinese users, security analysts said, one week after China announced that it willput in place a security review on imported technology equipment. Other major tech companies, such as Yahoo, Cisco, Microsoft and Facebook, were requiredby the US National Security Agency to transfer their users’ information, according to WanTao, founder of Intelligence Defense Friends Laboratory, an independent institutionfocusing on cybersecurity in China. Wan said that online services have become a major way for the US to steal informationglobally. Ning Jiajun, a senior researcher at the Advisory Committee for State Informatization, said, “Previously, the US asked companies to install wiretapping software on their technologicalproducts, but if users found and shut down related functions, its ‘plan’ would fail,” he said. For instance, information on a Chinese organization can be stolen when it places an orderon an international shopping website, he said. With technologies such as cloud computing and big data getting popular, information can becollected and analyzed immediately, which means the damage can be much greater andmore difficult to prevent, analysts said. “It can be said that those who master online services can get more information incyberspace,” said Du Yuejin, director at the National Engineering Laboratory for CyberSecurity Emergency Response Technology. Last month, China’s Internet Media Research Center issued a report saying the NSAmakes use of large technology companies for its wiretapping plans, including Prism, whichwas unmasked by former NSA intelligence leaker Edward Snowden, asking them to collectinformation on their users and urging them to hand in the data regularly.…
Google (NASDAQ: GOOG) announced a new version of Gmail which it claims is encrypted in a way which will give users a remarkable level of privacy The official blog post When you mail a letter…
U.S. auto sales had a strong month in May, with all three of the Detroit automakers posting gains well ahead of analyst estimates. Most of the leading automakers saw substantial gains, but in the…
Wikimedia CommonsAT&T Inc. (NYSE: T) had a sale of $2 billion in corporate bonds slated for Tuesday. Investors need to care about this offering because this represents AT&T’s first real attempt to go raise…
Americans are paying more at the gas pump this week, with the national average price for regular gasoline clocking in at $3.690 per gallon Monday, up $0.016 from a week ago and $0.044 above…
thinkstockJune 3, 2014: Markets opened slightly lower on Tuesday and never really recovered. Trading was moderate again today and the index losses were small in most sectors. Shortly before the closing bell the DJIA…
Courtesy Porsche Cars North America Inc.U.S. auto sales turned out to have an incredible month of sales in May. The news was good almost universally (except for the VW brand), but the luxury car…
Last week Steve Ballmer, the former Microsoft CEO, bid $2 billion to buy the Los Angeles Clippers -- a price most experts consider way too high. Is this just a vanity purchase or is…
ThinkstockNearly 20% of Americans believe that the worst part of the housing crisis that began seven years ago is still to come. Fully 70% continue to believe that the U.S. is still in the…
National Bank of Greece was featured positively on Tuesday by the Nomura analyst team covering the European banking sector. The call actually has a bit of mixed data in it.
The merger between Men's Wearhouse and Jos. A. Bank, which was just approved by the Federal Trade Commission, will create the fourth-largest retailer of menswear.