The 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 […]
Read moreSAN FRANCISCO — Uber is famous for its pugnacious approach to business and willingness to fight any and all competition. But in a handful of countries, the ride-hailing company has ended up on a more conciliatory path. The latest example: On Thursday, Uber said it had formed a partnership with Yandex, the Russian search giant […]
Read moreU.S. President Donald Trump, under fire at home over Russian connections and abroad over climate change and trade, arrived in Paris on Thursday seeking common ground with France’s new leader Emmanuel Macron. After a bumpy start to relations, the two men both have incentives to improve ties — Macron hoping to elevate France’s role in […]
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AT THE start of this year, two straws in the wind caught the attention of those who follow the development of artificial intelligence (AI) globally. First, Qi Lu, one of the bosses of Microsoft, said in January that he would not return to the world’s largest software firm after recovering from a cycling accident, but […]
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