A husband and wife in the country illegally lost control of their vehicle as they sped away from U.S. immigration authorities and died in a crash in California
San Francisco embraces Amsterdam-like coffee shops, the iconic tourist stops in the Netherlands where people can buy and smoke marijuana in the same shop.
Stocks reverse some of their losses from earlier in the week as smaller, U.S.-focused companies rise and energy companies climb in tandem with oil prices
Georgia has put to death a man known as the "stocking strangler," who was convicted of raping and killing older women in attacks that terrorized a small city decades ago.
Tesla and SpaceX CEO Elon Musk has been taking a victory lap of sorts after a successful launch of the Falcon Heavy rocket. Meanwhile, Tesla is at risk of falling well short of targets for Model 3 deliveries and production. Musk has gone all-in and slept at his factory before, and it might be about time to do that again. Tesla was still struggling to ramp up production of the Model 3.
Ten years after Bear Stearns collapse, investor views on U.S. banks are significantly brighter, but the sector may have already seen its biggest gains. Aleksandra Michalska reports.
Walmart filed six patents for agricultural drones. The move could signal that the company is looking to have more control over its food supply chain. A food retail analyst said the technology could help Walmart compete with Amazon and others that offer groceries. On Wednesday, the company announced it will expand its grocery delivery this year to over 800 stores, that reach 40 percent of US households. In some locations, the service will offer same-day delivery in as little as three hours.
Next week is the beginning of a massive anti-trust case in Washington. The federal government takes on AT&T over their acquisition of Time Warner. The government sued to block the deal in November saying its bad for consumers. AT&T claims blocking the transaction is denying consumers the kinds of vertically integrated products you can get from Comcast/NBCU, Netflix, Google, Amazon, and Facebook.
Spotify's public filings revealed the company is spending most of its money on fees for licensed content, as well as music royalties. Some venture capitalists believe the company could stem the bleeding by becoming its own music label. Netflix could be a prime example of what steps Spotify needs to follow. The same way Netflix became its own "movie studio" and production company with the release of its first original content series, "House of Cards," Spotify could do the same with musical artists.
Obamacare is no longer busting the bank for insurers. After three years of financial bloodletting under the law, many of the remaining insurers made money on individual health plans for the first time last year. This, despite constant repeal threats and efforts by the Trump administration to dismantle it. According to a POLITICO analysis of financial filings for 29 regional Blue Cross Blue Shield plans, the biggest reason for the improvement is simple: big premium spikes. The Blue plans increased premiums by more than 25 percent on average in 2017. Insurers charged enough to cover their customers’ medical costs for the first time since the Affordable Care Act marketplaces launched in 2014 with strict coverage requirements.
Car sales in 2017 were down 1.8% from 2016, but according to Business Insider, that didn't stop Americans from pursuing their obsession with SUVs. In fact, out of the roughly 17.2 million cars sold in 2017, compact and mid-size crossover SUVs accounted for nearly 40% of all sales. Some of the top selling crossover SUVs include the Toyota Rav4, Nissan Rogue, and Honda CR-V — over 350,000 of each was sold in 2017 alone.