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Business News

Location American Business News for 18 August 2016

Home Depot's Helper: Appliances

Barron's - 18 Aug 2016 14:58
Home Depot's Helper: Appliances For a third straight quarter, the home-improvement retailer noted that strength in appliances lifted comps by 50 basis points.
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The bane of brilliance

The Economist - 18 Aug 2016 18:48
The bane of brilliance WHO wouldn't want to be a star employee? The salary is nice, as is the chance to climb to the top and tell others what to do. The downside is that your co-workers may hate you. The notion that jealous managers bully high...
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China-based airlines are putting up lots of cash to recruit foreign pilots Wikimedia Commons China is promising big paychecks in an effort to lure experienced foreign pilots to the country to meet skyrocketing air-travel demand. As the world's fastest-growing aviation market, China will have 7,...
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The US government is suing Harley-Davidson for violating federal air pollution laws The US government is suing Harley-Davidson for violating federal air pollution laws, Bloomberg first reported. The lawsuit alleges that the motorcycle maker's "Screamin’ Eagle" after-market engine tuners are emissions-...
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A 'major turning point' in the dollar

Business Insider - 18 Aug 2016 18:55
A 'major turning point' in the dollar One of the biggest stories over the past few years has been the strong dollar. But that may be about to change, according to the latest technical analysis from Nautilus Investment Research's Tom Leveroni and Shourui Tian...
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India's Fintech Startups Will Cause A Cashless 'Payment Revolution' By 2023 Indians possess a habit to save and prefer to spend in cash with a vast majority of the 1.2 billion population without a bank account. In 2016, 78% of all consumer payments in India were made in cash - but that could cha...
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Millennials have no use for your mobile ads

Business Insider - 18 Aug 2016 19:04
Millennials have no use for your mobile ads State Farm / Flickr As smartphones continue to displace desktop for more digital activities, mobile marketing is in the midst of an important transition. More time is increasingly being spent on mobile devices. BI Intell...
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The iPhone 7 is hitting stores on September 23 -- here's what you're getting Apple is expected to announce the latest iteration of their iPhone on September 7, and the device is expected to hit stores on September 23. While nothing is official until Tim Cook steps on stage, there are plenty of ru...
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Here's how much the 22 most popular jobs in the US pay

Business Insider - 18 Aug 2016 17:57
Here's how much the 22 most popular jobs in the US pay Joe Raedle / Getty Images According to the Bureau of Labor Statistics, about 138 million people are employed in the US. We recently sifted through the BLS's Occupational Employment and Wage Estimates survey to see the ...
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JCPenney CEO: Macy's and Sears' worst nightmare is good news for us AP JCPenney says it stands to profit from turmoil in the retail industry that's causing Sears and Macy's to shut down stores.  In an interview with CNBC on Wednesday, JCPenney CEO Marvin Ellison revealed the bright s...
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Gannett reportedly sweetens its offer to buy Tronc Three months after its last offer was spurned, Gannett Co. is reportedly back with an increased bid to buy Tronc Inc., the newspaper chain formerly known as Tribune Publishing, which owns the Los Angeles Times. Gannett l...
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Why Nestlé's Stock Tastes Bitter-Sweet

Wall Street Journal - 18 Aug 2016 19:36
There was plenty to get gloomy about in Nestlé's second-quarter results, but the Swiss branded goods company's shares go from strength to strength.
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The economy is expanding fairly quickly and wages are rising, says Michael Brush.
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Unemployment at three-year low but full-time jobs decline Aussie dollar rises to US77.13c, up from 76.72c on Wednesday, in sign of renewed market confidence in economy Australia's unemployment rate has fallen to a three-year low after the number of people in work rose a greater...
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Feds flip ex-RBS trader to build broader fraud case

New York Post - 18 Aug 2016 07:18
Feds flip ex-RBS trader to build broader fraud case Federal prosecutors have flipped a top former bond trader and are using him to build a broader fraud case against the Royal Bank of Scotland, The Post has learned. Adam Siegel, a former top bond trader at RBS in Stamford...
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San Francisco's housing bubble is collapsing under its own weight Flickr / Håkan Dahlström Here’s the other side of central-bank engineered asset price inflation, or “healing the housing market,” as it’s called in a more politically correct manner: San Francisco Unified schoo...
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China just opened the world's highest glass walkway -- without handrails Instagram Embed:://instagram.com/p/BJNOPwLDVtl/embed/Width: 800px Glass bridges have become somewhat ubiquitous in China. But the new skywalk that just opened on Shanghai's 88-story Jinmao Tower makes a glass bridge look...
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Chatbots have a platform problem

Venture Beat - 18 Aug 2016 23:10
Chatbots have a platform problem GUEST: It’s a given that chatbots will become an intricate part of the future of our online interactions. To a certain extent, that future has already arrived. I know I’ve personally engaged with about ten different ...
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Low gas prices and hot weather help steer shoppers to Walmart Traffic was again up at the big-box chain, which also chalked up the improvement to tidier and better-stocked stores.
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Wall Street is no longer New York City's biggest job engine Richard Drew/AP Wall Street is no longer New York City's biggest job engine. The city counted on the finance sector to fuel economic growth during recoveries and expansions in the past, said New York Federal Reserve Pr...
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Billionaire investor Howard Marks just went after Donald Trump's economic policies Screengrab via Bloomberg Howard Marks, the billionaire cofounder of Oaktree Capital Management, thinks Republican presidential nominee Donald Trump is delusional. In his latest memo, dubbed "Political Reality," Marks ded...
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Gold Bull Market Should Keep Its Shine, Charts Say Since jumping on Brexit, gold has dithered but remains in a bull trend. Expect industrial metals to follow.
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