With the third Amazon Prime Day now over, industry experts are contemplating whether the e-commerce giant’s annual day of deals will ever achieve the same status as consumer calendar events like Cyber Monday and Black Friday. “Amazon is absolutely trying to create an event with the retail black-hole-like gravitational field of a Black Friday or […]
Read moreBritish Prime Minister Theresa May said she cried a “little tear” when an exit poll revealed she had failed to win an overall majority in a June 8 snap election. May told BBC radio she felt “devastated” when the results came in, revealing she had lost her parliamentary majority, despite her call on Britons to […]
Read moreCheck out which companies are making headlines before the bell: Delta Air Lines – The airline reported adjusted quarterly profit of $1.64 per share, three cents a share below estimates. Revenue was essentially in line. The key metric of revenue per available seat mile was higher by 2.5 percent for the quarter. Target – The […]
Read moreThe European Central Bank is likely to signal in September that its 2.3 trillion euros bond-buying program would be gradually wound down next year, the Wall Street Journal reported on Thursday. Financial markets overwhelmingly expect the ECB to decide in September on the future of its stimulus policy beyond the end of this year, with […]
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U.S. hiring rose 12.1 percent in June from a year earlier, but fell 9.4 percent from May, LinkedIn reported Thursday. Still, May and June were the hottest two months for hiring by U.S. employers since the summer of 2015, the LinkedIn Workforce Report said. Dan Roth, LinkedIn editor-in-chief, told CNBC on Thursday hiring has spiked […]
Read moreThe 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 […]
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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 […]
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