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Economy

The "WannaCry" malware exploits a hole in outdated Windows operating systems. "We view MSFT shares as attractive due to the significant earnings power potential over the next several years", he wrote. In 2014, Microsoft ended support for the highly popular Windows XP, released in 2001 and engineered beginning in the late 1990s, arguing that the software was out of date and wasn't built with modern security safeguards.
  • Five Guys dethrones In-N-Out as most favorite burger chain

    Five Guys dethrones In-N-Out as most favorite burger chain

    Economy

    McDonald's earned top marks for familiarity. Here's what the results found: Five Guys was named the Burger Restaurant Brand of the Year by the people surveyed, beating In-N-Out Burger, which had held the title for two years. Notably missing from the rankings were Burger King, Jack in The Box and Carl's Jr. The chain only serves burgers, fries, shakes and drinks. In 2003, the brand, which is family-owned, began expanding out of the Washington, DC, area.
  • Oil jumps on drop in U.S. petroleum stocks, possible OPEC cut extension

    Economy

    United States inventories fell by 5.2 million barrels last week to 522.5 million, the Energy Information Administration (EIA) reported, the sharpest fall since December. The bullish inventories report, came a day after crude prices dropped 1%, after EIA raised its near-term outlook for USA oil production and revised down its projections for oil prices.
  • Ford plans to cut 10pc USA workforce

    Economy

    He says the automaker expects to meet its job-reduction targets without layoffs. In April, he told analysts the company would focus on cutting $3 billion in costs. But Ford has been rolling out a series of temporary plant closings and layoffs since the USA automotive market began to slow a year ago. That news followed the release of the company's first-quarter earnings which tumbled 35 percent, to $1.6 billion, year-over-year.
  • Jack in the Box will consider spinning off Qdoba chain

    Jack in the Box will consider spinning off Qdoba chain

    Economy

    Following the completion of the sale, the vice president now directly owns 2,009 shares in the company, valued at $190,111.67. The stock was sold at an average price of $97.69, for a total transaction of $150,247.22. Shares of Jack in the Box (NASDAQ: JACK ) traded up 7.58% during trading on Wednesday, reaching $109.61. The stock has a 50-day moving average of $101.65 and a 200-day moving average of $103.73.
  • Institutional Investors Lead Shift in Corning Inc (NYSE:GLW) Sentiment

    Institutional Investors Lead Shift in Corning Inc (NYSE:GLW) Sentiment

    Economy

    Corning Incorporated (NYSE:GLW) has garnered US$200 million as the first recipient of Apple's Advanced Manufacturing Fund. Corning, a long-time Apple partner, will spend the cash on equipment and glass-processing technology, mainly at its Harrodsburg, Kentucky, facility which developed the protective Gorilla Glass used on many smartphones, Apple said.
  • Palestinians mark uprooting anniversary with sirens, marches

    Palestinians mark uprooting anniversary with sirens, marches

    Economy

    Israeli Arabs on Monday commemorate "Nakba Day", (Day of Catastrophe) marking the 69th anniversary of Israel's declaration of Independence, which actually took place on May 14, 1948 (it was a Friday). Protesters also gathered outside the Israeli consulate in the Canadian city of Toronto in support of the hunger-striking Palestinians in Israeli jails.
  • More US Republicans back independent probe of Trump-Russia ties

    Economy

    We don't yet know how straight the line is from the FBI's investigation to Comey's dismissal, though Trump did indicate last week that the Russian Federation investigation played a role in his decision. "It's the whole pattern here, it's firing Comey and also directing him to end the investigation against Flynn, all of these things are done because he wants to stop an investigation from reaching the highest echelons of the administration and possibly him personally", Ohlin said .
  • Abby Lee Miller reveals what happened in court

    Abby Lee Miller reveals what happened in court

    Economy

    Cheryl Burke, 33, is ready to take on Dance Moms in place of the infamous Abby Lee Miller , 50, who was forced to exit the reality series in March 2017 due to her legal troubles. "If the moms want to be there on the couch talking and gossiping, then that's fine, but they can't just barge into my room". "They just get on my nerves sometimes", she said.
  • Vladimir Putin dismisses Donald Trump information-sharing scandal

    Economy

    Others have argued that Trump's intention when he made the comments to Comey are key, and he broke federal law if he "corruptly endeavored to influence, obstruct, or impede" the FBI investigation. Another White House staffer who worked on the Trump 2016 campaign said , "I don't see how Trump isn't completely fucked". "The obstruction of justice articles of impeachment counts are stacking up, it seems", said one Federal Bureau of Investigation agent to the Daily Beast .
  • Clashes in Greece as thousands protest austerity

    Economy

    Greek workers walk off job in nationwide 24-hour general strike against new austerity measures. Amid confirmation that the country's battered economy is in recession again, unions have launched a wave of protests ahead of a general strike on Wednesday.