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Business News

Thursday, Sep 27, 2018 at 08:50 PM CDT

Proposed Robot Brothel Could Open in Houston

Proposed Robot Brothel Could Open in Houston

A Canadian company says it wants to open a so-called robot brothel in Houston, but it's getting pushback from officials and community groups.

Thursday, Sep 27, 2018 at 04:42 PM CDT

SEC Charges Tesla CEO Elon Musk With Fraud

SEC Charges Tesla CEO Elon Musk With Fraud

Tesla CEO Elon Musk has been sued by the Securities and Exchange Commission for fraud, according to court documents filed Thursday. Sources close to the company told CNBC the company was also expecting to be...

Thursday, Sep 27, 2018 at 09:28 PM CDT

US Seeks to Keep N. Korea Sanctions; Russia, China Object

US Seeks to Keep N. Korea Sanctions; Russia, China Object

Secretary of State Mike Pompeo said Thursday that the world stands at the "dawn of a new day" in relations with North Korea but that international sanctions must remain in place and vigorously enforced if...

Thursday, Sep 27, 2018 at 10:03 AM CDT

US Economy Grew at Robust 4.2 Percent Rate in Q2

US Economy Grew at Robust 4.2 Percent Rate in Q2

The U.S. economy grew at a robust annual rate of 4.2 percent in the second quarter, the best performance in nearly four years, though economists believe growth has slowed in the current quarter partly because of...

Thursday, Sep 27, 2018 at 06:55 AM CDT

Facebook Unveils New Virtual Reality Headset

Facebook Unveils New Virtual Reality Headset

Facebook CEO Mark Zuckerberg is off to a slow start in his mission to bring virtual reality to the masses, so perhaps it's appropriate his company's next VR headset will be called Quest. The headset from...

Wednesday, Sep 26, 2018 at 03:18 PM CDT

Here's How the Fed Rate Hike Will Impact You

Here's How the Fed Rate Hike Will Impact You

With the Federal Reserve's latest quarter-point interest rate increase (and still more likely to come), the pressure is mounting for consumers. The Fed's eighth hike in two years pushes the federal funds rate...

Wednesday, Sep 26, 2018 at 01:08 PM CDT

SurveyMonkey Soars More Than 60 Percent in Market Debut

SurveyMonkey Soars More Than 60 Percent in Market Debut

SurveyMonkey soared more than 60 percent in its stock market debut Wednesday, after opening at $18.75 per share. The software company that offers digital survey and data analytics services for enterprise...

Wednesday, Sep 26, 2018 at 10:44 AM CDT

After a Lull, New-Home Sales Up 3.5 Percent in August

After a Lull, New-Home Sales Up 3.5 Percent in August

Sales of new U.S. homes climbed 3.5 percent in August, snapping a two-month decline as buying surged in the pricey Northeast and West housing markets. The Commerce Department said Wednesday that newly built...

Wednesday, Sep 26, 2018 at 10:25 AM CDT

Fox Will Sell Sky Stake to Comcast for Around $15 Billion

Fox Will Sell Sky Stake to Comcast for Around $15 Billion

21st Century Fox will sell the remainder of its stake in U.K.-based broadcaster Sky, the company announced on Wednesday, just days after Comcast out dueled Fox in a takeover bid. Comcast and Fox have been...

Wednesday, Sep 26, 2018 at 02:01 AM CDT

Into the Fold? What's Next for Instagram as Founders Leave

Into the Fold? What's Next for Instagram as Founders Leave

When Kevin Systrom and Mike Krieger sold Instagram to Facebook in 2012, the photo-sharing startup's fiercely loyal fans worried about what would happen to their beloved app under the social media giant's...

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