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Business News

Location American Business News for 31 July 2018

Why the surging economy could soon stumble

New York Post - 31 Jul 2018 03:51
Why the surging economy could soon stumble One thing missed in the report on second-quarter gross domestic product is that the first period's numbers were revised slightly upward. Instead of just 2 percent annualized growth, the Bureau of Economic Analysis said, ...
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US home prices march higher in May, throttling sales

Miami Herald - 31 Jul 2018 16:59
U.S home prices rose rapidly in May, a trend that is thwarting some would-be buyers and pulling down home sales. The S&P CoreLogic Case-Shiller 20-city home price index released Tuesday …
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Asian stocks were mixed in early trading Tuesday, as investors awaited a statement from the Bank of Japan's policy meeting.
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Why social media giants are burning through so much cash The massive and unprecedented sell-off social media company stocks continued on Monday -- with two of the sector giants now firmly in bear territory. Facebook and Twitter, rocked by stagnating growth, have seen their sha...
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Why Maxine Waters is out of touch with most Americans

New York Post - 31 Jul 2018 04:09
Why Maxine Waters is out of touch with most Americans Rep. Maxine Waters (D-Calif.) said last week that Americans should be "out in the streets screaming" about Donald Trump, who she thinks is "dangerous." "I don't know why people take it. I think Americans should be out in...
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Trump Cannot Wage Both A Trade War And Currency War Against China As President Trump continues to wage his trade war, he will have to put up with a stronger U.S. dollar that could neuter the impact of his tariffs.
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Bank of America freezes family’s accounts over citizenship questions The family is from Kansas.        
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In Trump era, Disney-Fox deal still faces regulatory hurdle: China Now that 21st Century Fox Inc. shareholders have signed off on the $71.3-billion sale of its entertainment assets to Walt Disney Co., some investors are already fretting about the next hurdle: regulatory clearance from C...
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How to get a quick and easy divorce | Letters

The Guardian - 31 Jul 2018 19:01
How to get a quick and easy divorce | Letters How much could Tini Owens spend before her husband begged her for a divorce, asks Henrietta Cubitt. And Rosanna Achilleos-Sarll sympathises with Hugh Owens I have a suggestion for Tini Owens. You report (26 July) that he...
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US consumer confidence edges up in July

ABC News - 31 Jul 2018 17:10
US consumer confidence edges up in July American consumer confidence rises in July, though outlook dims slightly
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Gold heads lower Tuesday, with prices poised for a fourth consecutive session decline--the longest such streak of losses in nearly five weeks, with the U.S. dollar tilting higher as the Federal Open Market Committee bega...
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We're at Peak Worry -- again, says Jeff Reeves.
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Americans are still plenty confident in a U.S. economy that's been growing for more than nine years and shows little sign of slowing. The consumer confidence index rose to 127.4 in July.
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Google's parent company just got approval to build a $50 million high-tech neighborhood in Toronto Sidewalk Toronto On Tuesday morning, Waterfront Toronto's board unanimously approved Sidewalk Labs' plans to develop a 12-acre swath of the city into a high-tech neighborhood. Sidewalk committed $10 million for planning ...
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Power outage hits most of Venezuela's capital

Miami Herald - 31 Jul 2018 16:51
Most of Venezuela's capital is without power following a failure at an electrical plant that is paralyzing metro lines. Energy Minister Luis Motta Dominguez said on Twitter that Tuesday's outage …
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A developer has announced plans to tear down a historic building in Vermont and replace it with a Starbucks. The Rutland Herald reports the budget for transforming the former Rutland …
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MoviePass to increase basic monthly subscription

New York Post - 31 Jul 2018 16:44
MoviePass to increase basic monthly subscription Financially beleaguered MoviePass will increase its standard pricing plan to $14.95 per month from $9.95 per month in the next 30 days, it said Tuesday. The movie subscription service, teetering on the brink of insolvenc...
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The Trump administration is considering implementing a big tax break for wealthy American by reducing the taxes levied on capital gains, according to published reports. The reports say the administration …
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In a rare rebuke of the NRA, Trump says controversial 3-D printed guns 'don't make much sense' President Donald Trump questioned the legality of 3-D printable plastic guns in a Tuesday morning tweet. "I am looking into 3-D Plastic Guns being sold to the public. Already spoke to NRA, doesn't seem to make much sense...
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Procter & Gamble Co's fiscal fourth-quarter sales fell below Wall Street estimates on Tuesday, hurt by lower pricing and weak demand at its units that make Pampers diapers and Gillette shaving products.
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Ralph Lauren profit surges 83 percent

Miami Herald - 31 Jul 2018 16:33
Profit surged 83 percent at Ralph Lauren in the second quarter with the company able to roll back some of the discounts it had been using to drive sales. Strong …
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U.S. stocks rose on Tuesday as technology stocks rebounded and a report said the United States and China were trying to restart negotiations to defuse a trade war between world's two largest economies.
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