IT WAS in 1896 that Charles Dow, co-founder of Dow Jones & Company, created the index that still bears his name. Today, indices such as the Dow Jones Industrial Average and the S&P 500 (for shares listed in New York), or the FTSE 100 (for London), are among the best-known brands in financial markets. The […]
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THE quickest way to start a Mexican wave in India is to head to the campus of Infosys, an IT outsourcing firm based in Bangalore, and ask all those who think they should be in charge to raise their hands. On August 18th the company’s chief executive, Vishal Sikka (pictured), resigned unexpectedly. But he still […]
Read more“Star Wars: The Last Jedi” is still a few months away from hitting theaters, but BB-8-happy fans are about to get a glimpse at a new character as a part of a three-day marketing rollout of toys and products inspired by the film. Walt Disney said Thursday that the global event, dubbed Force Friday II, […]
Read moreRetail stocks are rallying on Wall Street again. A slew of quarterly earnings reports this week from a mixed bag of companies has sent some retail stocks soaring to new highs. It’s a welcome narrative amid chatter of declining sales, falling foot traffic, store closures and bankruptcies. Thursday morning brought mostly upbeat results from Dollar […]
Read moreCurrency, United States Finance
With the euro on the rise against major world currencies, investors may be concerned about how this will weigh on European profits and some analysts suggest the stronger euro could knock up to 3 percent off earnings. “If currencies stay stable, we think (the trade-weighted euro) will peak out up around 6 percent year-on-year in […]
Read moreU.S. home resales unexpectedly fell in July to their lowest monthly level of the year due to a lack of properties for sale, which also continued to push up prices. The National Association of Realtors said on Thursday existing home sales fell 1.3 percent to a seasonally adjusted annual rate of 5.44 million units last […]
Read moreA bottom may be near for Chipotle shares, according some Wall Street firms. Stephens raised its rating for shares of the burrito restaurant chain to equal weight from underweight, saying the current valuation is becoming more sensible after dropping this year. The stock is down 21.3 percent this year through Wednesday compared with the S&P […]
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Amazon’s tumble during the last four weeks has some investors worried that more downside is ahead for the admittedly still-hot stock. Since peaking at $1,083.31 on the morning ahead of an earnings report that proved to be disappointing, Amazon shares have tumbled 11.5 percent through Wednesday’s close of $958. Rich Ross, technical analyst at Evercore […]
Read moreWith photographs obliquely showing a new rocket design, North Korea has sent a message that it is working on an intercontinental ballistic missile (ICBM) more powerful than any it has previously tested, weapons experts said on Thursday. If developed, such a missile could possibly reach any place on the U.S. mainland, including Washington and New […]
Read moreThe number of Americans filing for unemployment benefits rose less than expected last week, suggesting a further tightening in labor market conditions. Initial claims for state unemployment benefits increased 2,000 to a seasonally adjusted 234,000 for the week ended Aug. 19, the Labor Department said on Thursday. Data for the prior week was unrevised. Claims […]
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