Federal Reserve officials have been bemoaning the state of low inflation. One central bank official believes it’s actually the Fed’s own fault. Minneapolis Fed President Neel Kashkari contends in an analysis posted Monday that the Fed has driven down inflation expectations by tightening policy sooner than it should. Central bank officials have indicated a desire […]
Read moreAmazon is expected to generate roughly $4.3 billion in sales this year from its growing army of private label products, according to SunTrust Robinson Humphrey’s Youssef Squali. That’s in part boosted by the Whole Foods acquisition, which Squali estimated to add roughly $700 million in sales with its own list of private label products, including […]
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JUST before dawn on October 2nd, passengers booked to fly on Monarch Airlines began to receive texts informing them that their flights had been cancelled. This was the first news that Britain’s fifth-biggest airline had ceased trading and is now in administration. It is the country’s biggest airline ever to collapse. Monarch had been in […]
Read moreWhat will be the first native app that taps into the power of the blockchain, cryptocurrencies and tokens? That’s the provocative question posed last week by venture capital investor Chris Dixon and Coinbase co-founder Fred Ehrsam in Andreessen Horowitz’s tech podcast “Why Crypto Tokens Matter.” Although the extreme hype around blockchain and cryptocurrency today attracts […]
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If any of this happens, I’m sure I’d rather just have the more traditional and stable iPhone 8 Plus. Finally, given reports of supply problems for some key components, the iPhone X might not ship for many more months, and I’m not sure I’m willing to wait that long. I’m torn, but because of who […]
Read moreFewer customers want Apple’s newest iPhones than the iPhone 7 and iPhone 7 Plus when it was released last year, a Wall Street research survey shows. Results from a survey conducted by RBC Capital Markets found that 64 percent of prospective iPhone buyers want an iPhone X, 8 Plus or 8. That’s shy of the […]
Read moreProfits that companies are holding overseas would be brought back home at a tax rate that looks to be around 10 percent, according to current White House estimates. Gary Cohn, the chief economic advisor to President Donald Trump, said the tax reform plan the administration supports seeks to bring back what could be $3 trillion […]
Read moreEquifax‘s former chief executive waited nearly three weeks to tell the company’s board of directors about the now infamous data breach, as a group of company and outside security experts scrambled to figure out what had happened, according to written testimony prepared for his visit to Capitol Hill on Tuesday. Richard Smith, Equifax’s former CEO […]
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General Motors shares climbed Monday after Deutsche Bank said a meeting with the automaker’s management “confirmed” expectations GM could launch self-driving vehicles “well ahead of competitors.” Shares rose more than 4 percent in morning trading. “GM confirmed that their [autonomous vehicles] are on track for a critical milestone… they will be safely driving passengers in […]
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The sharp declines in oil futures on Monday put the commodity on pace to confirm a trend that has held in many fourth quarters past: U.S. crude does not typically perform well in the final three months of the year. Oil prices have been on a tear lately, rising on the back of improved demand […]
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