TOKYO (Reuters) – The dollar languished near the bottom of its recent range against major peers on Tuesday, knocked back by weak U.S. factory data overnight and on market wagers of faster normalisation of monetary policy in other countries.FILE PHOTO: Euro, Hong Kong dollar, U.S. dollar, Japanese yen, pound and Chinese 100 yuan banknotes are […]
Microsoft executives warned Bill Gates in 2008 about inappropriate emails he had sent to a female employee, a Microsoft spokesman said Monday. The warning involved messages in which Gates, who at the time was a full-time employee and the company’s chair, asked an employee out on a date. Senior Microsoft executives learned of the emails […]
(Reuters) – The S&P and Nasdaq closed higher on Monday with the biggest boosts from the highest-profile technology and communications companies while investors eyed product news from Apple Inc and appeared optimistic about the third-quarter earnings season. After a weak start following disappointing economic data from China, the S&P and Nasdaq gathered steam in late […]
(Reuters) – The S&P and Nasdaq were gaining on Monday with a helping hand from heavyweight technology companies as investors appeared optimistic about the third-quarter earnings season.FILE PHOTO: Traders work on the main trading floor of the New York Stock Exchange shortly after the opening bell of the trading session in the Manhattan borough of […]
(Reuters) – U.S. stock index futures edged lower on Monday, led by technology shares, ahead of a slate of earnings reports this week, while a relentless surge in oil prices fueled concerns about elevated inflation.FILE PHOTO: Traders work on the main trading floor of the New York Stock Exchange shortly after the opening bell of […]
Low prices made Uber into a global sensation. Now they threaten its future. Cheap fares kept the ride-hailing app on the road through its worst years, despite accusations of aggressive rule-breaking, a belligerent founder and friction with drivers. But as the financial credibility of its disruptive business model is wearing thin, the era of Silicon […]
Signs of labor shortages are everywhere. Restaurants have cut their hours, warehouses pile up with products that wait for truck drivers to deliver them and construction projects stretch out for weeks and months longer than expected. And if it were only about finding help. An estimated 4.3 million U.S. workers quit their jobs in August, […]
(NYTIMES) – The prices of stocks, bonds and real estate, the three major asset classes in the United States, are all extremely high. In fact, the three have never been this overpriced simultaneously in modern history. What is happening isn’t caused by any single objective factor. It may be best explained as a result of […]
DES MOINES, Iowa — Like other ranchers across the country, Rusty Kemp for years grumbled about rock-bottom prices paid for the cattle he raised in central Nebraska, even as the cost of beef at grocery stores kept climbing. He and his neighbors blamed it on consolidation in the beef industry stretching back to the 1970s […]
NEW YORK (Reuters) – U.S. stocks rose on Friday and the Dow scored its biggest weekly percentage gain since June, as Goldman Sachs rounded out a week of strong quarterly earnings for the big banks.FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., October 12, […]