The 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 moreU.S. producer prices unexpectedly fell in July, recording their biggest drop in nearly a year, weighed down by declining costs for services and energy products. The Labor Department said on Thursday its producer price index for final demand slipped 0.1 percent last month, reversing June’s 0.1 percent gain. July’s drop was the largest since August […]
Read moreIn our brains, we all want to trade like George Soros: Find that one niche, stock or unexplored cave of the market that’s going to yield pure platinum. Yet if you talk with Meir Statman, an expert on behavioral finance, you’re likely to become more static and less Soros. Statman, a professor at Santa Clara […]
Read moreBlue Apron reported a steep second-quarter loss on Thursday as the meal-kit delivery company spends heavily to recruit new customers. Although the number of customers rose 23 percent year over year, the company said its client base shrank by 9 percent between the first and second quarter due to a planned $26.1 million reduction in […]
Read moreConsumer Reports is pulling its recommendation of four Microsoft laptops after one of its surveys found that users were complaining about problems with the devices. The consumer advocacy group said Thursday that it can no longer recommend Microsoft laptops or tablets because of poor reliability compared to other brands. Microsoft said the findings don’t accurately […]
Read moreIt may look like any other delivery van on the streets of San Francisco but look and listen for a few extra seconds and you’ll notice the difference. The all-electric truck by Chanje (as in “change”) is out to shake up the medium duty, short-haul commercial truck market. “We really see this potential in the […]
Read moreThe Bank of England (BOE) has decided to keep using polymer, an ingredient containing beef, for its banknotes despite a backdrop of animal rights activists angered by the move. The U.K.’s central bank said on Thursday that it would continue using the substance in future print runs, and that the only other viable options to […]
Read moreFrom tree houses to igloos, Airbnb offers some pretty unique accommodation experiences, but it is now giving vacationers the chance to stay in the former home of a sitting president. The childhood home of U.S. President Donald Trump in Queens, New York City, has been listed on the property sharing platform for a cost of […]
Read moreWhile bitcoin’s bitter infighting and subsequent price rise has taken center stage, rival cryptocurrency ethereum has been quietly pushing higher in the background. On Wednesday, ethereum hit $314.75, the highest level in over a month since it reached $322.28 on June 29, according to CryptoCompare, a platform monitoring live prices of major cryptocurrencies. The price […]
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