FINANCIAL markets are supposed to be the font of all wisdom, weighing up the information available and condensing it into a set of prices. Investors are presumed to have an insight into the future—falling bond yields are seen as a sign that the economy is slowing, for example. But are investors that clever when it […]
Read moreBarclays on Thursday initiated coverage of Delta Air Lines at overweight, calling it a leader in the sector and highlighting its strong relationships with staff and customers. “A culture driven for respect for customers and employees blended with shrewd capital management has transformed Delta into one of the largest, safest and most profitable airlines in […]
Read moreStocks are often shocked into a quick decline when a major geopolitical event occurs, but the ability to recover has been very different. With the backdrop of rising tensions between North Korea and the U.S., Strategas Research studied the immediate and longer-term impact on the S&P 500 from a series of key events going back […]
Read moreThe Google employee who was fired by the tech giant earlier this week over a viral memo has said that the company’s products have been hurt by a “lack of ideological diversity”. James Damore, the 28-year-old former Google engineer who claimed to have been fired by the corporation for “perpetuating gender stereotypes” made the claim […]
Read moreBitcoin will likely outperform stocks and bonds the rest of this year, according to the first major Wall Street strategist to issue a report on the digital currency. “I think bitcoin is an underowned asset with potential for huge institutional sponsorship coming,” Fundstrat co-founder Tom Lee said on CNBC’s “Fast Money” Wednesday. “It has a […]
Read moreAfter disappointing Wall Street out of the gate, Thursday is Snap’s chance to snatch back its status as a social media darling. Snap will report second-quarter financial results after the bell, when analysts expect the company to add more users than last quarter. That could show investors that the company — which is still expected […]
Read moreShares of Blue Apron plummeted Thursday after the company said it was encountering unexpected costs tied to the start up of a new plant in New Jersey. The stock opened trading Thursday down 17 percent. As a result, the meal kit-delivery company said it plans to offset these expenses by reining in marketing spending. Blue […]
Read moreCurrency, United States Finance
Amazon's biggest UK division has slashed its corporation tax even as sales surge
Amazon halved the amount of U.K. corporation tax it paid last year while more than doubling turnover during the same period. Accounts filed by Amazon UK Services show the company was billed just £7.4 million ($9.6 mn) for 2016 compared with £15.8 mn in 2015. And once a series of deductions had been added, Amazon […]
Read moreThe number of Americans filing for unemployment benefits unexpectedly rose last week, but the underlying trend remained consistent with a tightening labor market. Initial claims for state unemployment benefits increased 3,000 to a seasonally adjusted 244,000 for the week ended August 5, the Labor Department said on Thursday. Data for the prior week was revised […]
Read moreHold off on buying a Microsoft Surface tablet or laptop. Consumer Reports said on Thursday morning that it’s pulling its recommendation on Microsoft Surface laptops and tablets (including the Surface Pro, Surface Book and Surface Laptop) because of “poor predicted reliability in comparison to most other brands.” “25 percent of Microsoft laptops and tablets will […]
Read more