U.S. retail sales rose at a solid pace last month, a sign that consumers are rebounding from weak spending in the first three months of the year and driving better economic growth. The Commerce Department says retail sales increased 0.3 percent in April, down from a 0.8 percent gain in March, which was revised higher. […]
Read moreWall Street may be perceiving inflation as a stock market risk, but J.P. Morgan Private Bank’s Jack Caffrey suggests there’s at least one group that may be secretly hoping for it. “I actually think most retailers would actually benefit from a discussion about inflation,” the firm’s equity portfolio manager said Monday on CNBC’s “Trading Nation.” […]
Read moreBillionaire entrepreneur Elon Musk says rocket technology will “enable anyone” to move to Mars and beyond. And gas-powered cars will be relics, “like steam engines,” he says. This according to a recent series of tweets from the Tesla and SpaceX boss. On Friday, SpaceX launched and landed the Falcon 9 Block 5, the newest version […]
Read moreShares of Germany’s second-largest lender Commerzbank rallied Tuesday after its first-quarter profits beat forecasts. The bank also said it aims to resume its dividend payouts for this year. Commerzbank’s Chief Financial Officer (CFO) Stephan Engels told CNBC’s Annette Weisbach in Frankfurt Tuesday that the company’s plan to win business from smaller rivals was paying off. […]
Read moreTop U.S. cryptocurrency exchange Coinbase is focusing on a group that has been especially cautious to dive into the volatile market: Institutional investors. The San Francisco-based company announced the launch of four new products aimed at that investor class Tuesday: Coinbase Custody, Coinbase Markets, The Coinbase Institutional Coverage Group and Coinbase Prime. “We think this […]
Read moreIBM has partnered with an environmental tech start-up to turn carbon credits — tradable instruments aimed at reducing greenhouse gas emissions — into digital tokens. The tech giant announced on Tuesday that it is working with Veridium Labs, a firm that creates environment-related cryptocurrencies, to make it easier to trade carbon credits using blockchain technology. […]
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Researchers at the University of Central Florida have developed the first color-changing fabric that can be controlled with a smartphone. Professor Ayman Abouraddy and his team at CREOL, The College of Optics and Photonics, have developed a series of prototypes that includes purses and backpacks. The products change color and pattern through the use of […]
Read moreApple CEO Tim Cook is not a fan of President Donald Trump’s trade policy with China. The technology executive shared what he told Trump in a recent meeting at the White House. “I talked about trade and the importance of trade, and how I felt that two countries trading together make the pie larger,” Cook […]
Read moreCheck out the companies making headlines before the bell: Home Depot – Home Depot earned $2.08 per share for the first quarter, 3 cents a share above estimates. Both revenue and comparable-store sales were below Street forecasts, but the home improvement retailer attributes the shortfall to bad weather and is maintaining its full-year sales forecast. […]
Read moreThe International Monetary Fund (IMF) needs to reach an agreement with Greece and its European creditors by next week to ensure that the fund has enough time to give money to the embattled nation. Greece has been seeking debt relief — a relaxation of the terms for paying back its debts — since 2015, but […]
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