Donald Trump, This America's For You
false>> view originalIn the Vegas Desert, Hyperloop One Digs Traditional Transportation's Grave
In the forbidding, scrub-filled desert north of Las Vegas, a grave is being dug: not for a mobster, but for traditional forms of transportation that take hours to travel a few hundred miles. At a site cluttered with giant white tubes and adjacent to a huge solar farm, Hyperloop One, a Los Angeles-based startup that has raised $100 million in an attempt to turn Elon Musk’s vision for a super-high-speed network of tubes and magnetically levitating pods into reality, has set up its test track. VID..>> view originalPew study sees a shrinking middle class in major US cities
WASHINGTON — In cities across America, the middle class is hollowing out. A widening wealth gap is moving more households into either higher or lower-income groups in major metro areas, with fewer remaining in the middle, according to a report released Wednesday by the Pew Research Center. In nearly one-quarter of metro areas, middle-class adults no longer make up a majority, the Pew analysis found. That’s up from fewer than 10 percent of metro areas in 2000. Pew defines the middle class as hou..>> view originalGoogle: Payday Loans Are Too Harmful to Advertise
Imagine you find yourself in a bit of a financial crisis: Rent is due but your car broke down a few weeks ago, eating up few hundred dollars. Now you’re short. You know your family and friends can’t help, so you type the phrase “can’t make rent” into your browser, to see if the Internet has any wisdom to share. You start seeing ads for companies that say they can help. After quickly typing in your information, a company offers you a $500 loan. Painless! But a few weeks later, you can’t pay it b..>> view originalCorporate results weigh on shares; oil rallies
NEW YORK U.S. and European stocks retreated on Wednesday amid disappointing corporate earnings, while oil prices surged for a second day as data showed U.S. crude inventories fell unexpectedly last week.The U.S. dollar .DXY fell 0.5 percent against a basket of currencies after rallying for six consecutive days, as investors looked to book profits. The yen rebounded 0.7 percent against the dollar JPY=, halting declines against the greenback as Japan has threatened to intervene on its currency.U..>> view originalLinn Energy Files for Bankruptcy
Oil and gas producer Linn Energy LLC, which had previously said it could file for chapter 11 bankruptcy protection, did so on Wednesday with arrangements for a $2.2 billion credit facility. The oil and gas producer warned in March that a bankruptcy filing may be “unavoidable,” and said last month that it reached a settlement with bondholders on a restructuring that could take place through a chapter 11 reorganization. Linn...>> view originalMacy's Slashes Forecasts as Sales Slump Accelerates
America’s shift to online shopping and fast-fashion chains is squeezing Macy’s Inc., which reported another quarter of sinking sales and slashed its financial targets for the year. The country’s biggest department-store chain has been closing weaker locations and expanding a nascent line of off-price stores, but the moves haven’t been enough to offset weak demand and pricing for the apparel and other items at the core of its...>> view original
Wednesday, May 11, 2016
Donald Trump, This America's For You and other top stories.
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