Stocks Surge on Earnings and Economic Data; Dow Climbs 546 Points

World stock markets are rallying Tuesday, and U.S. stocks are on track for their second-largest gain in 2018 following strong earnings reports from major U.S. companies in finance and health care. Technology companies are also rising after their recent slump. The Dow Jones Industrial Average rose as much as 502 points. Even with the big … Read more

The Amazon of Its Day, Sears’ Woes Were Years in the Making

Before there was Amazon — or, for that matter, Home Depot or Walmart or Kmart — there was Sears. From its beginnings as a mail-order watch business in Minneapolis 132 years ago, the company grew to become America’s everything-under-one-roof store and the biggest retailer in the world. For generations of Americans, the brick-like Sears, Roebuck … Read more

US Wants Drug Prices in TV Ads: ‘Patients Deserve to Know’

The federal government said Monday that it wants to force drugmakers to disclose prices for prescription medicines in their TV commercials. The drug industry’s main trade group said drug companies are only willing to disclose the prices on their websites, not in commercials, and they’ll start doing that next spring. Health and Human Services Secretary … Read more

Microsoft Co-Founder, Billionaire Philanthropist Paul Allen Dies

Paul G. Allen, who co-founded Microsoft with his childhood friend Bill Gates before becoming a billionaire philanthropist, technology investor and owner of several professional sports teams, has died. He was 65. “Personal computing would not have existed without him,” Gates said in a statement, adding that Allen’s “second act” as a philanthropist was “focused on … Read more

Ron Paul: ‘Secretive Central Bank’ Will Pop the ‘Everything Bubble’

It’s been just more than a decade since the Great Recession began in 2008, and former Libertarian and Republican presidential candidate Ron Paul wonders in his weekly column if another one is right around the corner, soon to pop because of the Federal Reserve. A secretive central bank should not be allowed to manipulate interest … Read more