GULLIVER is back from the 141st Slot Conference in Madrid, a meeting of airlines and airport co-ordinators run by the International Air Transport Association (IATA), an airline lobby group. In this week’s issue, he opened the lid on how landing and take-off slots are allocated at congested airports around the world: Instead of letting airports […]
Read moreBank of America Merrill Lynch sees a scary good news-bad news scenario unfolding in 2018: A solid push higher in the first half followed by all sorts of potential trouble after. The S&P 500 would peak out around 2,863 in the scenario, or about 11 percent higher than Monday’s close. Bond yields are expected to […]
Read moreTwo recent Chinese IPOs are plunging on U.S. exchanges Tuesday following news that the Chinese government is eyeing greater regulation in the micro-lending industry. Qudian and PPDai each dropped more than 13 percent in morning trading. Both companies offer online micro-loans — as low as $100, in some cases — to Chinese consumers. The Chinese […]
Read moreAnalysts believe AT&T has a strong case in court against the Department of Justice over its deal to acquire Time Warner. The Justice Department sued on Monday to block AT&T’s merger with Time Warner, calling it an “illegal” combination that harms consumers and stifles innovation, DOJ officials said. “After reviewing DOJ’s lawsuit against AT&T-Time Warner […]
Read moreEmployment in the U.S. is expected to increase by 11.5 million between 2016 and 2026, according to data from the Bureau of Labor Statistics (BLS). Within the next decade, more than 10.5 million new service-provider jobs — like information security analyst and mathematician — are expected to be added to the economy. About 219,000 jobs […]
Read moreU.S. home sales increased more than expected in October as hurricane-related disruptions dissipated, but a chronic shortage of houses which is pushing prices beyond the reach of some first-time buyers remains an obstacle. The National Association of Realtors said on Tuesday that existing home sales rose 2.0 percent to a seasonally adjusted annual rate of […]
Read moreYou can save a lot of money if you’re buying a new TV on Black Friday, but there are a few things you need to know about first. I was just shopping for a new TV. I don’t really need a new one, but the prices are so low that I thought I could replace […]
Read moreThe stock market is in for another strong year in 2018 so long as Congress is able to pass tax reform, according to a Goldman Sachs forecast. With tax reform, the S&P 500 should close next year at 2,850, a healthy 10.4 percent gain from Monday’s close, the Wall Street investment banking giant said in […]
Read moreShares of shoe retailer DSW fell 11 percent Tuesday after the company posted earnings below Wall Street expectations. The footwear company reported earnings of 45 cents per share in the third quarter, below the 53 cents analysts surveyed by Thomson Reuters expected. DSW also reduced its fiscal 2017 earnings expectation to a range of $1.40 […]
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“Robust demand” for Boeing’s commercial aircraft presents a compelling investment opportunity, according to a Jefferies analysis. A persistent pileup of commercial jet orders will lead Boeing to grow deliveries 6 percent annually through the next 10 years, Jefferies analyst Sheila Kahyaoglu said in a note toclients Tuesday. She reiterated her buy rating and bumped up […]
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