Investors betting on a strong pickup in economic growth might want to consider a new forecast hitting Wall Street on Monday. The New York Federal Reserve now expects U.S. economic growth at an annualized rate of 1.9 percent for the second quarter, down from a 2.3 percent forecast. The bank also expects annualized growth of […]
Read more[unable to retrieve full-text content]Benchmarks mostly finished in the green on Friday with the Dow posting its 21st record close of the year headed by gain in energy shares Decline in consumer staple shares pared some gains on the broader markets after Amazon announced plans to purchase Whole Foods Market Additionally Source: nasdaq Stock Market […]
Read more[unable to retrieve full-text content]Monday June 19th 2017 Back when National Front leader Marine LePen failed to win the latest presidential election in France American supporters of President Trump may have found themselves feeling some level of disappointment initially After all both candidates were thought of as Source: nasdaq European Optimism Continues
Read more[unable to retrieve full-text content]Stocks look set for a higher open this morning as tech stocks look set to rebound Stocks look set for a higher open this morning astech stocks look set to rebound Getty Images Getty Images S amp P 500 futures have risen 0 3 while Dow Jones Industrial Average futures have […]
Read more[unable to retrieve full-text content]This morning analysts at Longbow upgraded U S Steel X Nucor NUE AK Steel AKS and Steel Dynamics STLD citing the potential for further government actions to boost steel prices Not everyone is as optimistic on steel prices or iron ore for that matter But will Source: nasdaq U.S. Steel: As […]
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GULLIVER wrote last week about American Airlines handing indignant flyers a notable victory. The carrier rescinded a plan to take away an inch of legroom from economy-class seats on new planes, following a public outcry. Such concessions are rare. Airlines generally worry about how customers vote with their wallets not how they grumble with their […]
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Economic optimism in the United States is surging, according to the latest CNBC All-America Economic Survey, with several key components hitting all-time highs, but it’s not helping the president. The CNBC survey of 800 Americans across the country finds that 30 percent of the public are optimistic about the economy now and for the future, […]
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LAST year, Bob Fornaro, the boss of Spirit Airlines, talked of the effort his firm had made to reduce the number of customer complaints. The ultra-low-cost carrier, dubbed the most hated airline in America by Bloomberg, had long been ranked as a primary purveyor of passenger pain, regularly propping up lists that rate airline service. […]
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AMAZON announced on June 16th that it would pay $13.7bn to buy Whole Foods, a grocer known for its organic produce. On the face of it, the purchase might not seem to upset the grocery cart, either for Amazon or for the supermarket business. Amazon controls a measly 0.2% of America’s grocery market; Whole Foods […]
Read moreHomebuilders slowed down the pace of construction for the third straight month in May, a possible sign that the shortage of houses for sale might worsen. The Commerce Department says housing starts fell 5.5 percent in May to a seasonally adjusted annual rate of 1.09 million units. This comes after a 2.7 percent monthly decline […]
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