It’s been a wild couple of weeks for Tesla Motors, the rapidly-growing manufacturer of electric cars.
It became a Wall Street darling after its announced its first-ever quarterly profit, driven by significantly better-than-expected sales. But even more importantly, the highly-influential Consumer Reports named the Tesla Model S luxury Sedan the best car it ever tested, with a stunning 99/100... » more
We’re nearing the end of this quarterly corporate earnings season, but there are still some key reports to look out for, especially from some of the biggest U.S. retailers.
Bellwether retailers set to report fiscal first-quarter earnings this week include Macy’s, J.C. Penney’s, Kohl’s, Nordstrom and Wal-Mart.
The results are unlikely to be pretty, at least according to Wall Street projections.... » more
This week, Adobe, producer of Photoshop and other creative software made a landmark announcement: the Creative Cloud just ate the Creative Suite.
Going forward, Adobe will not sell boxed versions of its Creative Suite products like the aforementioned Photoshop. Buyers will have to purchase software subscriptions, meaning you can only use a piece of software as long as you pay Adobe a monthly... » more
After a blockbuster week of economic data release, including a better-than-expected April jobs report, things cool down this week, with the key event being Federal Reserve chairman Ben Bernanke’s speech on Friday.
Bernanke will speak at a banking conference in Chicago, and is expected to address concerns that the Fed’s easy-money policies, aimed at stimulating the economy, are causing excessive... » more
Unemployment rates for younger Americans will likely remain stagnant throughout spring, according to advocacy group Generation Opportunity, despite jobless benefits claims falling to their lowest level since the start of the 2007-09 recession.
Initial claims for state unemployment benefits dropped 18,000 to a seasonally adjusted 324,000 last week, the Labor Department said.
According... » more
New York's distilleries are going black-tie.
Twenty-four of the state's small alcoholic beverage companies will participate in the Manhattan Cocktail Classic's Opening Night Gala on Friday, May 17th, Gov. Andrew Cuomo announced yesterday.
The Classic is an annual celebration of the culture of cocktails that includes more than 100 events across five days in three boroughs. The event this... » more
It’s a busy week of economic news releases, toplined by the Labor Department’s April employment report, due out on Friday.
March was an extremely disappointing month for jobs, with only 88,000 added, when the consensus forecast on Wall Street was 200,000.
Economists expect nonfarm payrolls to increase by 150,000 in April, an improvement from March, but still short of the average 212,000... » more
Google recently announced the specifications of the inaugural version of Glass, the company’s augmented reality glasses technology, where information gets beamed directly into your point of view.
The tech blogosphere is focused on the specifications, like the 5-megapixel camera, 720p video recording, and 12 gigabytes of storage.
However, the ultimate success of Google Glass may be dictated... » more
Google Inc has acquired Wavii, the Seattle-based startup behind a news summarization app, for roughly $30 million in cash, a person with knowledge of the matter said Tuesday.
Google's successful bid came after Apple Inc had expressed interest in buying Wavii to incorporate the startup's natural language technology into Siri, Apple's voice-activated personal assistant feature, said the person,... » more
It’s that glorious time of year again when many Americans are receiving money back from the state and federal governments.
According to the Internal Revenue Service as of April 12th, the average dollar amount Americans are receiving this year is $2,902. Experts advise, however, to resist the urge to spend it all in one place. Sure, buying a couple days at the spa or tickets to the Super Bowl... » more