Business News
Why the surging economy could soon stumble
New York Post - 31 Jul 2018 03:51
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, ...
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 …
Asia Markets: Asian markets mixed as investors wait on Bank of Japan announcement
Market Watch - 31 Jul 2018 05:18
Asian stocks were mixed in early trading Tuesday, as investors awaited a statement from the Bank of Japan's policy meeting.
Why social media giants are burning through so much cash
New York Post - 31 Jul 2018 04:40
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...
Why Maxine Waters is out of touch with most Americans
New York Post - 31 Jul 2018 04:09
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...
Trump Cannot Wage Both A Trade War And Currency War Against China
Forbes - 31 Jul 2018 04:00
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.
Bank of America freezes family’s accounts over citizenship questions
USA Today - 31 Jul 2018 02:20
The family is from Kansas.
In Trump era, Disney-Fox deal still faces regulatory hurdle: China
L.A. Times - 31 Jul 2018 01:25How to get a quick and easy divorce | Letters
The Guardian - 31 Jul 2018 19:01
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...
US consumer confidence edges up in July
ABC News - 31 Jul 2018 17:10
American consumer confidence rises in July, though outlook dims slightly
Metals Stocks: Gold poised for longest losing streak in nearly 5 weeks
Market Watch - 31 Jul 2018 17:08
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...
Jeff Reeves's Strength in Numbers: The complete bull-and-bear cases for stock market investors
Market Watch - 31 Jul 2018 17:07
We're at Peak Worry -- again, says Jeff Reeves.
Economic Report: Consumer confidence creeps back near 18-year high
Market Watch - 31 Jul 2018 17:02
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.
Google's parent company just got approval to build a $50 million high-tech neighborhood in Toronto
Business Insider - 31 Jul 2018 16:57
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 ...
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 …
Developer seeks to replace historic building with Starbucks
Miami Herald - 31 Jul 2018 16:48
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 …
MoviePass to increase basic monthly subscription
New York Post - 31 Jul 2018 16:44
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...
Trump administration considering tax break on capital gains
Miami Herald - 31 Jul 2018 16:40
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 …
In a rare rebuke of the NRA, Trump says controversial 3-D printed guns 'don't make much sense'
Business Insider - 31 Jul 2018 16:38
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...
Procter & Gamble sales disappoint after prices get a shave
Reuters - 31 Jul 2018 16:35
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.
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 …
Wall Street Gains on Report of U.S. and China Restarting Trade Talks
The New York Times - 31 Jul 2018 16:30
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.