Trump's directive on offshore drilling will face solid resistance in California
President Trump painted a golden future of “great wealth” and “great jobs” powered by oil pumped from the ocean floor as he signed an executive order on Friday to consider new offshore drilling around the country.But his efforts could splash harmlessly against the hardened barricades that California has been fortifying for decades with regulation and legislation to prevent additional drilling along its treasured coast.Even the faintest possibility of new oil operations prompted an immediate bac..>> view originalU.S. GDP Growth Slowed on Tepid Consumer Spending -- 2nd Update
The U.S. economy stumbled during the first months of the year, as consumers reined in spending despite a rise in household confidence and a surge in stock prices that greeted the inauguration of President Donald Trump. Gross domestic product, a broad measure of national output, grew at a 0.7% annual rate in January through March, the slowest pace of expansion in three years, the Commerce Department said Friday. Americans sharply cut back spending on big-ticket items like cars, causing overall ..>> view originalTrump claims he will 'probably pay more' under new tax plan
President Trump on Friday pushed back on criticism that his tax plan will help the wealthy, claiming that he will personally pay more in taxes under the new system, despite not having released details on his taxes."If I am individually paying 35 percent, I will tell you that's more. OK? I'm gonna end up paying more than I pay right now in taxes," Trump said in an interview on Fox News, pointing to tax deductions he plans to eliminate."The reason I am going to pay more is because I lose all the d..>> view originalAlphabet Rides Advertising Strength to New Highs
Google parent Alphabet Inc. (NASDAQ:GOOGL)(NASDAQ:GOOG) released strong first-quarter 2017 results on Thursday after the market closed, highlighted by continued strength in mobile and YouTube, as well as sustained momentum for its other bets segment. Let's take a closer look, then, at what drove Alphabet's business to start this year, and what investors should expect from the company going forward. IMAGE SOURCE: ALPHABET INC. The big picture Quarterly revenue grew 22.2% year over year (24% at..>> view originalGov. Brown signs bill OKing $52 billion tax to fix state roads
Photo: Gabrielle Lurie, The Chronicle Traffic on Highway 101 in San Francisco in February — Gov. Jerry Brown has signed a bill authorizing $52 billion in taxes and fees to fix the state’s roads. Traffic on Highway 101 in San Francisco in February — Gov. Jerry Brown has signed a bill authorizing $52 billion in taxes and fees to fix the state’s roads. Photo: ..>> view originalTop Takeaways From Amazon, Microsoft and Intel's Earnings Reports
Thursday afternoon provided a slew of important tech company earnings; here's a look at the main earnings and guidance numbers provided by Amazon.com (AMZN) , Microsoft (MSFT) and Intel (INTC) , along with some thoughts on the other numbers and ...>> view originalUnited Blunder Prompts Airlines to Throw Cash at Their Problems
For U.S. airlines, doing right this week meant plunking down cold, hard cash.United reached a settlement with a passenger who was dragged off a plane and bloodied. It also said it would pay as much as $10,000 to passengers who agree to give up their spots, following a similar move by Delta. Southwest said it would stop overbooking flights. And American added almost $1 billion in costs to “rebuild trust” with employees.The moves underscored the wake-up call that airlines got from United’s social..>> view originalApple and Qualcomm's Dispute Is Escalating, and More Salvos Could Be Fired
In its April 19 earnings report, Qualcomm (QCOM) warned that it couldn't say for sure whether Apple's (AAPL) iPhone contract manufacturers would keep paying royalties. On Friday, markets learned that worst-case scenario is indeed transpiring. What ...>> view originalWall Street slips on weak GDP data, but indexes rise in April
By Rodrigo Campos | NEW YORK NEW YORK Stocks edged lower on Wall Street on Friday after data showing the U.S. economy grew at its weakest pace in three years in the first quarter gave traders a reason to cash recent gains.Major indexes closed up for April, however, with the Nasdaq up for six consecutive months, the longest streak in nearly four years.Gross domestic product grew at a 0.7 percent annual rate, below the 1.2 percent rise estimated by economists, as consumer spending barely incre..>> view originalTed 2017: Elon Musk's vision for underground road system
Image copyright Screenshot Image caption A sneak peak at the truck Tesla plans to unveil did not give much away US entrepreneur Elon Musk has outlined his vision for a tunnel network under Los Angeles and shown how it might work.Mr Musk also told the Ted (Technology, Entertainment and Design) conference he planned fully autonomous journeys across the US by the end of the year.He spoke about how he wanted solar-powered roof tiles to be standard on "eve..>> view original
Tuesday, May 23, 2017
Trump's directive on offshore drilling will face solid resistance in California and other top stories.
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