American Express Co (AXP.N) reported a steep rise in quarterly expenses as the credit card issuer spent more to fund its rewards program, overshadowing its profit beat and sending its shares down 3.5 percent in extended trading. The company has been bolstering its rewards programs as it tries to weather competitive pressures from big bank […]
As Americans become increasingly reliant on Amazon, the company’s reputation is moving in a dark direction. On Prime Day, Amazon’s largest shopping day of the year, the company was bombarded with calls for boycott. Hundreds of social-media users urged customers not to shop on the website during the 36-hour event, which took place Monday and […]
Most teens today own a smartphone and go online every day, and about a quarter of them use the internet “almost constantly,” according to a 2015 report by the Pew Research Center. Now a study published Tuesday in JAMA suggests that such frequent use of digital media by adolescents might increase their odds of developing […]
Finding a diamond on the ground would make anyone’s day. Depending on its quality, you might be able to sell it for a nice little payday. Now imagine finding a quadrillion tons of diamonds, only you’ll never be able to actually reach them. That’s exactly what researchers from MIT have accomplished with the help of […]
A trade war with China, the European Union and other trading partners is casting some doubts about the U.S. economic future, Federal Reserve Chairman Jerome Powell said Tuesday. And the longer it goes, the more potential harm it could cause, Powell told the Senate Banking Committee at a hearing about the Fed’s monetary policy and […]
Before the U.S.-China trade war, American pig processors exported nine out of every 10 pigs’ feet and heads they shipped overseas to China and Hong Kong – for prices higher than they would fetch anywhere else. Those parts and others that most Americans won’t eat – hearts, tongues, stomachs, entrails – have a special place […]
Recent studies show that 40 percent of Americans over the age of 85 have Alzheimer’s disease, and that the disease begins 10 to 20 years before people show up at the doctor’s office with memory problems. One major problem with understanding Alzheimer’s is not being able to clearly see why the disease starts. A super-resolution […]
If you’re staring at the sky on a clear night it’s usually pretty easy to spot the Moon, but we often forget that it’s sometimes possible to see entire other planets with our naked eyes as well. Last night was a great reminder of that, as Venus was positioned perfectly for telescope-free viewing, and everyone […]
Warren Buffett’s annual donation of stock to five foundations is worth around $3.4 billion this year. In a news release, Berkshire Hathaway said Buffett converted 11,867 of his Class A shares into around 17.8 million Class B shares to make the contributions. Based on the schedule established in 2006, when Buffett pledged to give away […]
Amazon’s malign power has grown to the point where for several years now, it has declared its own holiday, Prime Day, which is essentially centered around giving it huge amounts of money while ignoring that it is maybe evil. This year’s Prime Day is especially special, because the Bloomberg Billionaires Index has declared Amazon’s tyrant […]
When you go to your doctor’s office, sometimes it seems the caregivers spend more time gathering data about you than treating you as a patient. Electronic medical records are everywhere – annoying to doctors and intrusive to patients. But now researchers are looking to see if they can plow through the vast amount of data […]
It’s a great night to take a stroll and casually view the stars. The two brightest objects in Earth’s sky besides the sun, Venus and the moon, will meet on the evening of July 15. On Sunday night, a waxing crescent moon will sit just to the right of Venus. On the east coast, the […]
