Business


Nasdaq hits 6000 for the first time

The Nasdaq index .IXIC first breached the 5,000 mark on March 7, 2000 and closed above that level two days later during the height of the tech boom. Ironically enough, President Trump deserves a chunk of credit for the most recent surge in tech stocks as well. Apple alone has $246 billion in cash - and more than $230 billion is held outside the U.S.



S&P 500, Dow open modestly higher; Nasdaq opens in record territory

US stock indexes fluttered up and down Thursday, then ended the day a hair above where they started. The prospects of hefty tax cuts have been a major driver of the post-election rally since November. The S&P 500 is up 149.94 points, or 6.7 percent. The S&P 500 is up 40.08 points, or 1.7 percent. Intel (INTC.O) was down 3.8 percent at $36 after reporting lower-than-expected quarterly revenue.


Nasdaq closes at record high ahead of major tech earnings

Nasdaq closes at record high ahead of major tech earnings

Earnings were back in the spotlight, a day after the Trump administration unveiled a tax reform plan that proposed deep tax cuts for businesses, but offered little detail about its implementation. Under Armour Inc. shot up nearly 10% even after reporting a loss - it was a smaller loss than had been anticipated. In corporate news, American Airlines Group Inc.



Markets Right Now: US stocks edge higher in early trade

President Donald Trump is proposing to slash the corporate tax rate and offer multinational businesses a steep tax break on overseas profits brought into the United States, officials said late on Tuesday. Advancing issues outnumbered decliners on the NYSE by 1,847 to 923. The tax proposal includes a cut on so-called pass-through business taxes that would deliver a windfall to investors in MLPs, master limited partnerships.


Former NSA Michael Flynn under investigation over payments from Russia

Former NSA Michael Flynn under investigation over payments from Russia

Cummings, the top Democrat on the House Oversight Committee, released three documents on Flynn, including a letter from the DIA counsel's office in response to an inquiry from Flynn in October 2014. However, another DIA letter released by Cummings appeared to counter Flynn's team's defence. After the release of the letter, Rep, Jason Chaffetz, R-Utah, chairman of the House Oversight Committee, formally requested that the secretary of the Army make a final determination on whether Flynn ...


Watch Hennessey's Demon-Baiting

Watch Hennessey's Demon-Baiting "Exorcist" Camaro Send 959 HP to the Wheels

By the end of the noisy and car-shaking (literally) test, The Exorcist was rated at 959 rwhp (rear wheel horsepower), which is certainly no small figure. All of those upgrades work in harmony to produce the booming, holy engine note in this video. The Exorcist treatment starts at $55,000, and doesn't include the cost of the Camaro ZL1.