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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 ...
Report: US Spending 75% of Billion-Dollar IT Budget on Aging Computer Systems  ABC News
The long legacy of the floppy disk  BBC News
Sears may sell Kenmore and Craftsman brands
The struggling retailer, which also owns equally troubled Kmart, reported a loss of $471 million in the first quarter, worse than a year ago.
UPDATE 2-Sears explores options for two businesses; loss widens  Reuters
Sears 1Q Loss Widens, Looking at Options for Kenmore, Others  ABC News
Oil Prices Slip After Reaching $50 a Barrel
Oil prices briefly rose above $50 a barrel on Thursday as declines in U.S. oil inventories raised hopes the oversupplied market was inching toward a better balance.
Brent oil breaks above $50 for first time in seven months  Reuters
Canadian Business Profits Hit Lowest in 5 Years on Oil Losses  Bloomberg
US jobless claims fall more than expected last week
WASHINGTON The number of Americans filing for unemployment benefits fell more than expected last week, moving back to near cycle lows as the labor markets remain healthy and the economy regains momentum after stumbling in the first quarter.
Weekly jobless claims fell last week  CBS News
Initial Jobless Claims Fall as U.S. Layoffs Prove Temporary  Bloomberg
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
Orders for U.S. Capital Goods Unexpectedly Fall for Third Month
Orders for business equipment unexpectedly declined in April for a third straight month, indicating American manufacturers continue to pull back.
Fed Green Light? Factory, Housing, Labor Data All Signal Strength  Investor's Business Daily
US durable goods orders up, but business investment slips  Fox News
Pending Home Sales Climbed to Highest Level in 10 Years
The number of homes that went under contract in April climbed to the highest level in over 10 years, a sign the housing market is gaining traction and supported by steady job creation and historically low interest rates.
US pending home sales jump to highest level since early 2006  Reuters
Pending Sales of U.S. Existing Homes Rise by Most Since 2010  Bloomberg
Stocks barely budge after two-day surge; retailers climb
U.S. stocks are hardly budging Thursday morning after big gains over the last two days. Banks and chemicals companies are down. However, retailers, which have been pummeled in recent weeks, traded higher after a group of strong earnings reports.
US stocks barely budge as banks slip after two-day surge  The Ledger, Inc. (AMZN) Plans Three New Fulfillment Centers; Launches Comixology
The e-commerce giant, Inc. (NASDAQ:AMZN) on Wednesday said it is opening a second fulfillment center in Joliet, Illinois, and two new warehouses in California, bringing its total number of fulfillment centers in the Golden State to nine.
Services Stocks Taking Sector High- (NASDAQ:AMZN), Costco ...  Seneca Globe
Frontline Active Stocks in Broker Choice- (NASDAQ:AMZN), Pure ...  Street Wise Report (press release) (blog)
Workers Swarm McDonald's HQ In 'Fight For $15' Rally
CHICAGO (CBS) - Hundreds of low-wage workers from across the country marched outside McDonald's headquarters on Thursday, demanding a $15-an-hour wage, as shareholders held their annual meeting in Oak Brook.
Protests resume as McDonald's shareholders meet
McDonald's Shuts Its Headquarters as Protesters Rally for $15 an Hour  Fortune