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U.S. markets news

The US is still using floppy disks to run its nuclear program
(CNN) Want to launch a nuclear missile? You'll need a floppy disk. That's according to a new report by the U.S. Government Accountability Office (GAO), which found that the Pentagon was still using 1970s-era computing systems that require "eight-inch ...
Government agencies keep sacrificing cash to zombie IT systems, GAO finds  Ars Technica
Report: US Spending 75% of Billion-Dollar IT Budget on Aging Computer Systems  ABC News
Washington Post  
Brent oil breaks above $50 for first time in seven months
LONDON Oil prices climbed above $50 a barrel on Thursday for the first time in nearly seven months as a global supply glut that plagued the market for nearly two years showed signs of easing.
Oil Prices Rise Above $50 a Barrel  Wall Street Journal
US benchmark crude oil tops $50 a barrel for the first time since October  USA TODAY
Faraday Future seeks approval to build electric cars in California
Faraday Future, the Gardena-based electric car company, is eager to begin building its battery-electric vehicles in California. Having broken ground only a month ago on a $1-billion car factory in Nevada, Faraday could add a Vallejo facility to its ...
Faraday Future Will Continue Cloning Tesla With Development Of A Bay Area ...  Jalopnik
Faraday Future Adding a Bay Area Factory  Gas 2.0
Weekly jobless claims fell last week
WASHINGTON - Fewer people sought unemployment aid last week for the second week in a row, the latest evidence that hiring is likely solid.
Initial Jobless Claims Fall as U.S. Layoffs Prove Temporary  Bloomberg
US Jobless Claims Fall for Second Straight Week  Wall Street Journal
US Durable Goods Orders Jumped 3.4%, But Soft Demand Continues
WASHINGTON--Orders for long-lasting goods improved in April due to a surge in the volatile civilian-aircraft category, but underlying data shows still soft demand for other manufactured products.
WRAPUP 1-US durable goods orders surge; weekly jobless claims fall  Reuters
Orders for U.S. Capital Goods Unexpectedly Fall for Third Month  Bloomberg
Amazon's Expanding Fulfillment Network
There aren't many decisions in online retail that depend on smart geographic selection and rent negotiation, but determining where to set down fulfillment centers is one of them.
Amazon.com, Inc. (AMZN) Plans Three New Fulfillment Centers; Launches Comixology  LearnBonds
Services Stocks Taking Sector High- Amazon.com (NASDAQ:AMZN), Costco ...  Seneca Globe
Lenovo seeks new growth areas in a challenging PC market
The PC market remains turbulent, as Lenovo's financial results show. Image: Lenovo. The world's biggest PC maker Lenovo said it has faced "internal and external challenges" as it published financial results revealing weak PC and smartphone sales.
Lenovo's Purchase of Motorola Didn't “Meet Expectations”  Android Headlines
Lenovo's Q4 earnings reveal Motorola 'integration efforts did not ...  9 to 5 Google
UPDATE 1-Dollar General quarterly profit beats estimates
(Adds details, background, share move). May 26 Discount retailer Dollar General Corp reported a better-than-expected quarterly profit as more customers came through the door and spent more on average while lower utilities costs and tax rate helped put ...
Dollar General Tops Views Amid Continued Sales Improvement  Wall Street Journal
Dollar General Beats EPS Estimates in First Quarter  TheStreet.com
Sears Is Exploring Options for Its Kenmore and Craftsman Brands
The retail could sell off its crown jewels. Sears Holdings SHLD 4.59% is looking for ways to squeeze much needed money out of its most attractive remaining assets: its Kenmore, Craftsman, and DieHard appliance and tool brands.
Sears to Explore Options for Kenmore, Craftsman, DieHard  Bloomberg
Sears Revenue Declines, Retailer to Explore Deals for Key Brands  Wall Street Journal
Abercrombie & Fitch shares slide as 1Q disappoints
NEW ALBANY, Ohio (AP) - Abercrombie & Fitch shares slid in premarket trading after the teen clothing retailer's disappointing first quarter, when fewer people shopped in its stores.
Abercrombie's Sales Slip as Fewer Shoppers Visit Its Stores  Nasdaq
Apparel retailer Abercrombie's sales fall for 13th straight quarter  Reuters