Amazon said Wednesday that this year’s Prime Day topped its previous record. That compares with last year, when Amazon said sales grew more than 60 percent during the event, breaking a record at the time and surpassing Amazon’s Black Friday and Cyber Monday sales combined. The company had also added “tens of millions of Prime […]
Read morePresident Donald Trump’s top economic advisor Larry Kudlow said China trade talks have stalled on Wednesday. “I do not think President Xi has any intention of following through on any of the discussions we’ve made and I think the President is so dissatisfied with China on these so-called talks that he is keeping the pressure […]
Read moreIn recent months, one of the key themes across the fixed income market, the equity market and beyond is the dreaded “I” word: inversion. More specifically, investors are watching out for a potential yield curve inversion, or when shorter-dated bond yields cross above their longer-dated counterparts. Chad Morganlander, portfolio manager at Washington Crossing Advisors, told […]
Read moreGoldman Sachs downgraded its rating on Clorox shares to sell from neutral on Wednesday, casting doubt over the company’s ability to perform through the fourth quarter of this year. “We see unsustainably high relative valuation for Clorox … compounded by” risk to its earnings, Goldman Sachs wrote in a note to investors. Clorox stock slipped […]
Read moreWhen Satya Nadella made his first public appearance as the new CEO of Microsoft in 2014, he did something very unusual for a leader of the software giant. “He made a pronouncement on day one — the world is about cloud first, mobile first,” Microsoft Chairman John Thompson told a group of investors, entrepreneurs and […]
Read moreLarry Kudlow, President Donald Trump‘s top economic advisor, gave an optimistic view of the economy on Wednesday in which growth will run considerably above what has been the norm for the past decade. Kudlow spoke at CNBC’s Delivering Alpha conference in New York. As part of the administration’s plan to grow the economy, Kudlow said […]
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Netflix just lost $9 billion in market cap. It could have been so much worse. At session lows on Tuesday, the stock was down 14 percent – if it had closed there, it would have been its worst day since August 2016. That bulls rushed in to save Netflix from the session’s worst was a […]
Read moreU.S. homebuilding fell to a nine-month low in June and permits declined for a third straight month, dealing a blow to the housing market as it struggles with an acute shortage of properties available for sale. Housing starts tumbled 12.3 percent to a seasonally adjusted annual rate of 1.173 million units last month, the Commerce […]
Read moreCurrency, United States Finance
Aerospace titans Boeing and Airbus top $110 billion in orders at Farnborough
Boeing and Airbus have continued their battle to win the most business at the Farnborough International Airshow, racking up commercial plane orders worth more than $110 billion. It should be noted that all the prices quoted are the planemakers’ official list prices with steep discounts likely to be negotiated by buyers. Additionally, the gross dollar […]
Read moreThere were other winners on Prime Day this year besides Amazon. Target said Wednesday morning that Tuesday proved to be “the highest single day of traffic and sales” on its website so far this year. Although Prime Day was an event created by Amazon to celebrate its 20th anniversary several years ago, the marathon deals […]
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