Business News
Asia Markets: China attempts to reassure investors as stocks continue to slide
Market Watch - 3 Aug 2018 05:17
Asian stock indexes were mixed in early trading Friday, with some markets helped by solid gains on Wall Street while others continued to struggle amid fresh U.S.-China trade worries.
Apple CEO calls $1 trillion value a 'milestone' but not a focus
Reuters - 3 Aug 2018 03:36
Apple Inc Chief Executive Tim Cook said on Thursday that the iPhone maker's $1 trillion market capitalization was "not the most important measure" of the company's success but was instead a result of its focus on its pro...
China's Unipec suspends U.S. oil imports as trade spat intensifies
Reuters - 3 Aug 2018 16:39
China's Unipec, the trading arm of state oil major Sinopec, has suspended crude oil imports from the United States due to a growing trade spat between Washington and Beijing, three sources familiar with the situation sai...
Kraft Heinz takes preliminary look at Campbell Soup
New York Post - 3 Aug 2018 03:53
The maker of Heinz ketchup and Philadelphia cream cheese is taking a look at Campbell Soup, The Post has learned. The Kraft Heinz Co. recently opened exploratory talks with the soup maker and has pored over some of its f...
The case for emerging-market stocks
Business Insider - 3 Aug 2018 03:00
REUTERS/Henry Romero This year’s weakness in EM equities has opened up a disconnect between prices and fundamentals. There are some signs that pressures from a firmer dollar are abating. Potential further tightening in...
Trade fight drags, but Apple's $1 trillion milestone boosts U.S. indexes
Reuters - 3 Aug 2018 02:56
An intensifying trade dispute between the United States and China weighed on global stocks and bond yields on Thursday, but a rise in Apple shares took its valuation above a record $1 trillion and helped major U.S. index...
Could a basic income replace Universal Credit?
BBC - 3 Aug 2018 02:05
RSA calls for local experiments to see if a basic income could replace the Universal Credit scheme.
Firms being 'left in the dark' on Brexit
BBC - 3 Aug 2018 01:31
Institute of Directors calls on ministers to fill the "information void" on a no-deal scenario.
Soaring rents rose 60% faster than pay since 2011 - Shelter
The Guardian - 3 Aug 2018 01:01
Many English towns out of reach for workers, whose pay rose only 10% in seven years Rents have risen 60% faster than wages across England since 2011, according to analysis from housing charity Shelter, which claims the c...
WSJ: Trump Donor Offered Cohen $10 Million To Secure $5 Billion DOE Loan
TPM - 3 Aug 2018 00:39
A Trump donor earlier this year offered President Donald Trump's former lawyer and fixer $10 million if he successfully secured...
Personal Finance Daily: Why short-term health insurance is dirt cheap and Reddit got hacked because this common security measure didn't work
Market Watch - 3 Aug 2018 23:37
Friday's top personal finance stories
BofI strikes another unique deposit deal
American Banker - 3 Aug 2018 22:08
BofI has agreed to buy $3 billion of deposits from Nationwide Bank as part of the insurance giant's exit from retail banking. The deal comes three years after BofI bought H&R Block Bank's deposits.
A Sunflower Farm Invited Tourists. It Ended Up Like a 'Zombie Apocalypse.'
The New York Times - 3 Aug 2018 20:35
The owners of a Canadian seed farm were forced to close to visitors last weekend after selfie-taking tourists overwhelmed the farm and nearby roads with traffic.
Why Sonos thinks its hardware IPO will be different
Market Watch - 3 Aug 2018 17:02
It's no secret that hardware companies haven't had much success in the IPO market as of late, but Sonos Inc. thinks it can break from the mold.
WhatsApp Status is going to monetize stories with ads (FB)
Business Insider - 3 Aug 2018 17:00
This story was delivered to Business Insider Intelligence "Digital Media Briefing" subscribers hours before appearing on Business Insider. To be the first to know, please click here. News about WhatsApp was dominated thi...
Economic Report: U.S. gains 157,000 jobs in July as unemployment falls to 3.9%
Market Watch - 3 Aug 2018 16:50
The U.S. posted another solid spurt in hiring in July, showing that companies are still able to find enough workers to meet the growing needs of a rapidly expanding U.S. economy. Some 157,000 new jobs were created last m...
U.S. job growth slows in July, unemployment rate dips
Reuters - 3 Aug 2018 16:45
U.S. job growth slowed more than expected in July as employment in the transportation and utilities sectors fell, but a drop in the unemployment rate suggested that the labor market was tightening.
U.S. TIPS breakeven rate pares gains after July payrolls data
Reuters - 3 Aug 2018 16:45
The bond market's gauge of investors' inflation expectations trimmed earlier gains on Friday as nominal Treasury yields fell in the wake of government data that showed jobs growth was short of analyst expectations in Jul...
Traders see two more U.S. rate hikes in 2018 after jobs data
Reuters - 3 Aug 2018 16:43
U.S. interest rates futures held steady on Friday, suggesting traders were sticking with their view the Federal Reserve would raise key overnight borrowing costs twice more in 2018 following a mixed payrolls report for J...
Bezos is throwing cash at his rocket program as the private space race heats up
Business Insider - 3 Aug 2018 16:43
Chip Somodevilla/Getty Images Blue Origin, the private space company owned by Jeff Bezos, is looking to launch a heavy rocket in 2020. Amid signals that they are behind schedule, the company is doubling down on expanding...
Currencies: Dollar range-bound, struggling for clear direction after jobs report
Market Watch - 3 Aug 2018 16:32
Trades in the U.S. dollar were rather range-bound on Friday following the July jobs report, but struggled to eke out a clear direction.
Fiverr Pro Grows 400% in First Year Providing Wins for Freelancers, Other Small Businesses
Small Business Trends - 3 Aug 2018 16:30
The growth of Fiverr Pro, the freelance site's premium platform, has hit big numbers across more than 40 categories of work.