As the S&P 500 hits record highs, some of its stocks have crossed into overbought territory. Cigna, Gap, Walgreens, Discovery and Tyson Foods all trade above 70 on their relative strength indexes, a momentum measure that signals how overextended a stock has become. Cigna, up 16% this year, may be overbought by relative strength standards, but TradingAnalysis.com founder Todd Gordon […]

Eight people were killed Tuesday night in three shootings at Atlanta-area massage parlors, and police arrested a 21-year-old man suspected of being the lone gunman. Atlanta police responded to calls for a robbery in progress shortly before 6 p.m. Tuesday, Atlanta Police Department Sgt. John Chafee said, and found three women dead at the Gold Spa. While still on scene, police […]

WASHINGTON (Reuters) – The U.S. Transportation Department (USDOT) warned it could limit flights by carriers based in Hong Kong after the Asian financial hub imposed quarantine rules that have impacted U.S. cargo carrier FedEx Corp.Slideshow ( 2 images )USDOT issued an order on Tuesday requiring Hong Kong-based Cathay Pacific Airways Limited to file flight schedules for all U.S. flights within […]

Unemployment insurance is a US government program that provides money for people who have lost work. Under the American Rescue Plan, you can receive $300 per week in federal aid on top of state benefits. Unemployment insurance now covers furloughed, self-employed, and gig workers during the pandemic. Read more personal finance coverage » Millions of Americans have lost work during […]

Fonterra said a “standout performance” from its Greater China business helped drive its normalised operating profit for the six months to January up by 17 per cent to $684m. The co-op also said it would pay a 5c interim dividend after opting not to pay one in the previous corresponding interim period. Fonterra’s “reported” net profit came to $391m, down […]

EXCLUSIVE: SAG-AFTRA members attending the Los Angeles local’s membership meeting have voted overwhelmingly to scrap the union’s biennial convention. A motion, approved by 68% of the roughly 250 members who voted, called the convention “a waste of time and a waste of members’ dues.” This year’s convention will be virtual, so the cost will be relatively minimal, but sources say […]

Tesla is credited with pressuring legacy automakers like GM and Ford to accelerate plans for all-electric vehicles. Musk and his company also have been ahead of the curve regarding social media engagement, in-vehicle technologies such as over-the-air updates and localized production of battery cells. GM and Ford aren't taking everything from Tesla's playbook, especially when it comes to manufacturing and […]

Volkswagen sponsored a Power Day on Monday and declared that the battle between internal combustion engines and batteries is over, and batteries won. VW CEO Herbert Diess made the declaration in so many words: “Let me begin with the obvious: e-mobility has won the race. It is the only solution to reduce mobility emissions fast.” More important, Diess’s statement was […]