Business News

US stocks close higher, Dow breaks 8-day losing streak

iStock/Thinkstock(NEW YORK) — Wall Street closed in the green on Tuesday thanks to new data on consumer confidence, breaking the Dow Jones Industrial Average’s eight-day losing streak. The Dow Jones jumped 150.52 (+0.73 percent) to finish at 20,701.50. The Nasdaq gained 34.77 (+0.60 percent) to close at 5,875.14, while the S&P 500 finished at 2,358.57, up 16.98 (+0.73 percent) from …

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Can President Trump really bring back coal jobs? The verdict is mixed

ABC News(WASHINGTON) — When President Donald Trump signed an executive order Tuesday that initiated a review of the Clean Power Plan (CPP) and unraveled other Obama-era energy orders and memorandums, he did so with the stated intention of creating and protecting jobs. But the verdict is still out whether that goal will be accomplished. “We love our coal miners, great …

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NYC apartment featuring David Bowie's piano on the market for $6.5 million

Jonathan Nissenbaum (NEW YORK) — The chance to play the late David Bowie’s piano while enjoying unobstructed views of Central Park in a New York City apartment could be yours for $6.495 million. A three-bedroom, two-and-a-half-bath apartment once owned by Bowie and his wife, Iman, went on the market on Monday. The couple sold the apartment, located in the Essex …

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Ford Motors announces $1.2 billion investment in Michigan facilities

Ford Motor Company(DEARBORN, Mich.) — Ford is bringing more jobs to Michigan. The automaker announced Tuesday that it will invest $1.2 billion to refurbish three manufacturing facilities there. Auto sales have been flat, but Ford is betting on mid-sized SUVs and pickup trucks. The company says it plans to bring back the Bronco and Ranger models, and it will outfit …

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What we know (and don't) about Trump's tax reform plan

Creatas/Thinkstock(WASHINGTON) — After President Trump’s bid to repeal and replace Obamacare — a hallmark campaign promise — flopped in the U.S. House last week, Republicans will look to tax reform in an attempt to deliver the first major legislative accomplishment of the GOP government, which controls both houses of Congress and the presidency. Trump has long promised a simpler tax …

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FCC warns consumers about new 'Yes' phone scam

iStock/Thinkstock(WASHINGTON) — The Federal Communications Commission is warning consumers about a new scam that is hooking consumers with just one word: Yes. According to the FCC, the scam begins as soon as a person answers the phone. A recorded voice or an actual person asks: “Can you hear me?” And the consumer responds, “Yes.” “The caller then records the consumer’s …

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US stocks close lower as investors weigh health care defeat, tax reform

iStock/Thinkstock(NEW YORK) — Wall Street closed lower Monday as the Dow Jones Industrial Average posted yet another losing session. The Dow Jones sunk 45.74 (-0.22 percent) to finish at 20,550.98 for its eighth day of losses. The Nasdaq gained 11.64 (+0.20 percent) to close at 5,840.37, while the S&P 500 finished at 2,341.59, down 2.39 (-0.10 percent) from its open. …

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Scientist cracks the code: Invents drip-free wine bottle

iStock/Thinkstock(WALTHAM, Mass.) — A scientist and inventor affiliated with Brandeis University has solved an age-old problem: wine bottles that drip after you pour them. Wine, like any liquid, loves the slippery surface of glass, which leads to the inevitable drip down the side after you pour a glass. Usually a plug-in nozzle or a towel wrapped around a bottle was …

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President Trump's childhood home sells for $2.1 million

ABC News(NEW YORK) — Real estate that belonged to President Trump before he started putting his name on things has sold at a nifty profit. Long before Trump Tower on 5th Avenue, there was 8515 Wareham Place. Until he was four years old, President Trump grew up in a five-bedroom Tudor-style home in the Jamaica Estates section of Queens. Isaac …

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