The company's S-1 lays the groundwork for what is widely expected to be one of the largest initial public offerings of the year, second only to Uber's IPO in May. It's also...Technologyread more
Fraud investigator Harry Markopolos' accusations extended beyond GE's management to actuaries, auditors and analysts who he claims overlooked billions in liabilities.Marketsread more
Trump's tweet comes a day after Apple put out a press release describing the money it spends on U.S.-based suppliers and vendors.Technologyread more
CNBC combed through Wall Street research to see which stocks are still a buy after their earnings reports.Marketsread more
President Donald Trump held a call on Wednesday with the CEOs of three major U.S. banks, according to people with knowledge of the situation.Marketsread more
Despite aggressive strides, Waymo needs one thing before their self-driving cars become a seriously useful transportation system: people. We talked to the ones closest to it.Technologyread more
Scientists say the smoke plumes, filled with megatons of tiny, harmful particles, could travel to other areas of the world and cause serious respiratory problems for people.Weather & Natural Disastersread more
Some Weight Watchers loyalists applaud Kurbo by WW. But nutritionists worry Kurbo promotes an unhealthy relationship with food during an especially impressionable time.Health and Scienceread more
Benefits from what President Trump called "the biggest reform of all time" to the tax code have dwindled to a faint breeze just 20 months after its enactment, writes John...Politicsread more
Epstein, 66, was found in his cell in Manhattan federal lockup Saturday morning and transferred to a nearby hospital, where he was subsequently pronounced dead.Politicsread more
Air travelers faced delays at U.S. airports on Friday afternoon after a computer issue snarled processing of international arrivals.Airlinesread more
People think gun laws are safe under President Donald Trump, and that's hurting the gun business.
Shares of Sturm, Ruger & Company plummeted nearly 10 percent on Thursday after the gun maker reported second-quarter sales fell 22 percent from the year-ago quarter when President Barack Obama was in office.
In a press release, Ruger attributed the drop to an unusual spike in demand last year associated with politics. The company said last year's spike was "likely bolstered by the political campaigns for the November 2016 elections."
Democratic presidential candidate Hillary Clinton made gun violence a cornerstone of her campaign. She promised to support a number of gun-control measures, such as expanding background checks, according to her campaign website.
Polls last year showed Clinton as the likely future president. Meanwhile, federal gun background checks skyrocketed 19 percent in 2016, according to FBI data.
That changed when Trump won.
Sturm, Ruger & Company stock since the election
Trump's gun-friendly agenda has eased customers' minds, apparently so much that they don't feel the need to stock up.
Background checks are down 9 percent so far this year, according to FBI data. Background checks do not correlate directly to gun sales because of varying state laws.
Ruger's gun sales are down 12 percent on the year, according to financial statements.
Within the last year, Sturm, Ruger and Company's stock has fallen more than 21 percent. The bulk of the losses came after the election. Since then, the price has tumbled 19 percent.