After several months of rising markets, it seems investors may finally be starting to get nervous about the future. Over the last several weeks, billions of dollars have flowed in money-market funds, with net inflows totaling $30.9 billion for the week ending Aug. 9, according to Lipper Fund Research. In the two weeks prior, net […]
Read moreU.S. retail sales recorded their biggest increase in seven months in July as consumers boosted purchases of motor vehicles as well as discretionary spending, suggesting the economy continued to gain momentum early in the third quarter. The Commerce Department said on Tuesday that retail sales jumped 0.6 percent last month. That was the largest gain […]
Read moreIt appears anxiety over the North Korea nuclear missile threat is getting flushed out of the stock market. The market made a solid comeback on Monday, after the war fears that dragged down stocks last week subsided. But Art Cashin, UBS’ director of floor operations at the New York Stock Exchange, doesn’t want investors to […]
Read moreThe Royal Bank of Scotland plans to cut 880 jobs from its IT department in London by 2020, according to a U.K. labor union. Britain’s Unite union claimed on Tuesday that the bank had informed staff of a further 40 percent cut of permanent IT staff, as well as a 65 percent reduction of contractors. […]
Read moreCurrency, United States Finance
Last chance to submit a message for NASA to beam 13 billion miles into space
NASA has been asking for suggestions from the public to beam up to the most distant man-made object in the universe, with Tuesday marking the final day for people to send in their requests. The U.S. space agency has been collecting submissions via Twitter, Facebook and other social media platforms for a 60 character message […]
Read moreStruggling German airline Air Berlin filed for insolvency on Tuesday after years of losses caught up with it and shareholder Etihad withdrew funding, with rival Lufthansa saying it was in talks to take over parts of its business. Air Berlin, whose debt piled up after a series of takeovers, has seen speculation over its finances […]
Read moreDick’s Sporting Goods shares plummeted nearly 16 percent after the sporting goods retailer missed Wall Street expectations and lowered its outlook for the year. In the latest quarter, Dick’s said net income rose to $112.4 million, or $1.03 a share, from $91.4 million, or 82 cents a share, a year ago. On an adjusted basis, […]
Read moreCheck out which companies are making headlines before the bell: Home Depot – The home improvement retailer earned $2.25 per share for the second quarter, three cents a share above estimates. Revenue beat forecasts, as well. Comparable-store sales rose 6.3 percent globally, beating the 4.9 percent Thomson Reuters consensus estimate. Home Depot also raised its […]
Read moreCurrency, United States Finance
London's financial district is ‘hemorrhaging talent’ because of Brexit, warns UK job recruiter
The City of London, home to the U.K.’s largest trading and financial services, is suffering from a loss of professional talent due to Brexit, warns a U.K. job recruitment agency. “The City is still haemorrhaging talent because of Brexit, and we risk losing jobs, too,” said Hakan Enver, operations director at recruitment consultancy Morgan McKinley […]
Read more
Markets rebounded on Monday, and one trader believes it’s a sign the bull market will rage on. “We’ve seen volatility on the heels of this escalation in tensions with North Korea, but I think it’s buyable,” said Todd Gordon of TradingAnalysis.com, referring to the dip in the markets seen last week as tensions escalated between […]
Read more