NEW ORLEANS (Reuters) - Tropical Storm Gordon weakened after making landfall just west of the Alabama-Mississippi border and lashing the U.S. Gulf Coast with high winds and heavy rain early on Wednesday, the U.S. National Hurricane Center (NHC) said. Gordon is about 20 miles (30 km) northwest of Hattiesburg, Mississippi and was packing winds of…
Malls are being hollowed out. Shops are closing by the thousands. Retailers are going bankrupt. But it may be too early to declare the death of retail. Americans have started shopping more — in stores. From the garden section at Walmart to the diamond counters at Tiffany & Company, old-school retailers are experiencing some of…
TUCKED away in a corner on Gerrard Street, in the heart of London’s Chinatown, three middle-aged Chinese women sit on the ground, their legs tightly crossed, in silent meditation. A deafening loudspeaker behind them blasts out a stream of invective against the Chinese Communist Party. Before long, one of them gets up and starts handing out…
San Bernardino police have reported a shooting at an apartment complex that's left ten people in critical condition with three of those people in "extremely critical" condition. "We got a call about 10:45 p.m. for shots fired," said San Bernadino spokesman Capt. Richard Lawhead. "We found 10 victims down at the scene. Three are extremely…
When Americans feel like they’ve got more money, they like to treat themselves. That means there could be plenty of steaks on the grill this year for Labor Day. A buzzing economy and low U.S. unemployment is a boon for beef, typically considered a premium meat. Gains for the cattle herd means retail prices have…
AN OLD saying holds that markets are ruled by either greed or fear. Greed once governed cryptocurrencies. The price of Bitcoin, the best-known, rose from about $900 in December 2016 to $19,000 a year later. Recently, fear has been in charge. Bitcoin’s price has fallen back to around $7,000; the prices of other cryptocurrencies, which…
THE garage in which Hewlett-Packard was started in 1939 is now a private museum—a modest monument to the cut-price creativity and bare-knuckle entrepreneurship that made Silicon Valley famous. Drive south from Palo Alto through 20 minutes of inevitable traffic to Sunnyvale and you will find a landmark of a different kind. Nothing of technological note…
WASHINGTON — The Trump administration told Congress on Friday that it intends to enter into a revised North American Free Trade Agreement with Mexico and will continue working to keep Canada in the pact as talks between the United States and Canada move into next week. While sticking points still remain between the United States…
This week, China’s most downloaded app wasn’t a game or a short-video app like normal but a new messaging service called Bullet. The app’s startling assent to the top marks a rare challenge to Tencent’s WeChat—China’s go-to choice for messaging. Bullet, so called for the swiftness of its service, specializes in instant voice messaging, whereby…
“LIKE Florence in the Renaissance.” That is a common description of what it is like to live in Silicon Valley. America’s technology capital has an outsize influence on the world’s economy, stockmarkets and culture. This small portion of land running from San Jose to San Francisco is home to three of the world’s five most…
