Japanese billionaire Masayoshi Son may not be so similar to Warren Buffett after all. Softbank (SFTBF), Son’s deal-hungry tech company, is no longer pursuing a stake in European reinsurance provider Swiss Re (SSREF). The Zurich-based insurer announced the news in a short statement Monday, but it didn’t explain why the two companies called off the […]
If you needed another reason to hit the snooze button on the weekends, researchers from Sweden have found that sleeping in on days off could help you live a longer life. A study published this week in the Journal of Sleep Research focused on the impact of “weekend sleeping” — or, simply, sleeping on days […]
On May 22, a SpaceX rocket launch left one poor, seemingly high-end camera horribly disfigured and forever ruined. Now, NASA has shared the specifics of what happened. Bill Ingalls, the space and aeronautics agency’s photographer, is the one who was tasked that day with capturing the launch. But even his 30 years of experience couldn’t […]
Harley-Davidson workers across the USA are reeling from the planned closure of the motorcycle maker’s Kansas City plant, yet it is expected to reap huge financial benefits from the federal corporate tax cut. The Milwaukee-based motorcycle manufacturer benefited from the tax cuts enacted Jan. 1, then announced cuts of 350 jobs across the company in […]
Qualcomm Inc (QCOM.O) is expecting to meet this week in Beijing with China’s antitrust regulators in a final push to secure clearance for its proposed $44 billion acquisition of NXP Semiconductors NV (NXPI.O), three sources told Reuters. The acquisition has been caught in the crosshairs of rising U.S.-China trade tensions, with sources saying an approval […]
Germ-free childhoods followed by infections later in life can trigger the onset of childhood leukemia, a new study suggests. The paper, published Monday in the journal Nature Reviews Cancer, finds that acute lymphoblastic leukemia, the most common type of childhood cancer, is caused by a two-step process. The first step is a genetic mutation before […]
Are we alone in the universe?” is one of humanity’s most pressing questions. When news surfaced in October 2017 that the first (so we thought) interstellar object, Oumuamua, had zoomed rapidly in and out of our solar system, the unusual properties of the object — along with the fact that nothing like it had been […]
The banking industry is having a very good year. The Federal Deposit Insurance Corporation announced Tuesday that America’s banking sector hit a new record high of $56 billion in net income in the first quarter of 2018. Some of this, they say, was attributable to last year’s tax cut bill, which gave banks a substantially […]
For the first time in its 226-year history, the New York Stock Exchange has named a woman to lead the organization. Stacey Cunningham will succeed Thomas Farley to become the NYSE’s 67th president on Friday, according to Intercontinental Exchange Inc. Cunningham, who started her career at the exchange as a summer intern in 1994, is […]
Eating an egg a day may lower your risk of cardiovascular disease, a study of more than 400,000 adults in China suggests. Daily egg eaters had an 18% lower risk of dying from cardiovascular disease, which manifests as heart attacks and strokes, compared with adults who avoided eggs, according to the research published Monday in […]
Hey bub, you’re going the wrong way. The solar system’s first known “resident” that came from interstellar space — an asteroid orbiting backward around Jupiter — has been discovered, scientists announced Monday. “How the asteroid came to move in this way while sharing Jupiter’s orbit has until now been a mystery,” said Fathi Namouni, lead […]
In 1998, IBM was the biggest American tech company by revenue. Now, some 20 years later, it’s not even among the top 30 companies in the Fortune 500. Today, Fortune released its annual Fortune 500, a list of the 500 largest American companies by sales. Together, the Fortune 500 firms represent more than $1 trillion […]
