When there's a mass shooting in America, a pattern repeats itself. Some people remind themselves that nothing will ever change...
... and others assume that this time it will, and go out and buy guns before it's too late.
Shares of Sturm Ruger (RGR) were up 6%, while American Outdoor Brands (AOBC), the company formerly known as Smith & Wesson, gained nearly 7%. Both stocks have tended to rally in the immediate aftermath of mass killings, which sadly have become more routine.
The Pulse nightclub in Orlando in June 2016. San Bernardino in December 2015. The Aurora, Colorado movie theater and Sandy Hook Elementary School in Newtown, Conn. in 2012.
Investors had bet that these massacres would lead to tougher gun control laws, especially because of tough talk from President Obama.
The stricter laws never materialized. Instead, gun sales climbed during the Obama administration's two terms as gun aficionados bought more firearms just in case rules changed at a national level or in individual states controlled by Democrats.
The presumption is that liberals tend to be fatalistic, while conservatives expect gun control. The business's been depressed since Trump won the election, so both beliefs now benefit the gun lobby in the wake of an attack.
Boeing must address the issue before grounded jets fly again.
Germany's auto regulator has ordered Daimler to recall 42,000 Mercedes diesels because the company installed illegal software in their engines that gimmicked the engine's thermostat, which would allow the manufacturer to selectively tune its cars' emissions.
With trustbusting in the air and Big Tech in the crosshairs, Bloomberg's Dina Bass reflects on the antitrust case against Microsoft in the 1990s, which the company bungled badly (but still survived, thanks to a judiciary in thrall to a bizarre theory of antitrust that has no problem with monopolies).
When it comes to large computer systems, not one of them is fully secure. Even with constant updates to the platforms that keep vital networks humming, there’s always a back door. And companies are willing to pay handsomely to effective bouncers that can keep an eye on them. Call them ethical hackers or white hat […]
So you’ve visited the Kennedy Space Center every year. You’ve watched “The Right Stuff” for the 95th time. There must be something to do while you’re waiting to join Space Force for the next manned mission to Mars or the moon. Here’s a combo that should raise a salute from any fan of space or […]
Looking for a new tablet? If you haven’t upgraded in a while, it might be time to check out the latest iPad Pro for two very good reasons. First, the 2018 model is a real workhorse. The 12X Bionic chip processor means it can handle any task you set out for it, and still have […]