The Great Recession is nearly a decade in the rear-view mirror, yet many Americans say they still feel its effects. One in 3 people say they have yet to, or never will, recover financially from the 2007 recession, according to a new report from Country Financial. Women, African-Americans and low-income people have taken the hardest […]
Read moreTraditionally buttoned-up Wall Street bank Goldman Sachs has relaxed the dress code for its computer engineers in a bid to attract tech talent with a more casual environment. The fifth-largest U.S. bank by assets told employees in its technology division to “exercise judgment in determining when to adapt to business attire,” according to an internal […]
Read more
Stocks continue to have serious upside, according to technical analyst Craig Johnson of Piper Jaffray. The S&P 500 has already risen 9.1 percent this year. And the Dow Jones industrial average, which is up nearly as much, closed Wednesday at a record level. Stocks got a midweek boost thanks to congressional testimony from Federal Reserve […]
Read moreCurrency, United States Finance
Greece’s return to bond markets could be an important error, analyst says
Greece is preparing to return to the bond markets but an early move could be costly, an analyst told CNBC on Thursday. Media reports have suggested that Athens could be preparing a bond market comeback as early as next week. The country, which is under financial supervision until next year, needs to make a smooth […]
Read moreA magnitude 5.9 earthquake off North Korea early Thursday jolted watchers of the country’s weapons development but experts say it was not caused by a nuclear test. Analysts say North Korea needs to conduct another atomic test explosion to perfect a nuclear-tipped missile capable of reaching the continental U.S. On July 4, Pyongyang test-launched its […]
Read moreSAN FRANCISCO — Uber is famous for its pugnacious approach to business and willingness to fight any and all competition. But in a handful of countries, the ride-hailing company has ended up on a more conciliatory path. The latest example: On Thursday, Uber said it had formed a partnership with Yandex, the Russian search giant […]
Read moreU.S. President Donald Trump, under fire at home over Russian connections and abroad over climate change and trade, arrived in Paris on Thursday seeking common ground with France’s new leader Emmanuel Macron. After a bumpy start to relations, the two men both have incentives to improve ties — Macron hoping to elevate France’s role in […]
Read more
AT THE start of this year, two straws in the wind caught the attention of those who follow the development of artificial intelligence (AI) globally. First, Qi Lu, one of the bosses of Microsoft, said in January that he would not return to the world’s largest software firm after recovering from a cycling accident, but […]
Read moreSAN FRANCISCO —The names, addresses and phone numbers of millions of Verizon customers were publicly exposed online by one of the company’s vendors. In some cases, security pins were also exposed by Nice Systems, a Verizon vendor, according to software security firm UpGuard, which uncovered the leak. UpGuard privately informed Verizon of the breach after […]
Read moreSanctions imposed by Arab states pushed Qatar’s inflation rate up only modestly in June, official data showed on Thursday, suggesting Doha is having considerable success in limiting economicdamage caused by its diplomatic crisis. Annual consumer price inflation rose to 0.8 percent last month from 0.1 percent in May, and remained far below a rate of […]
Read more