Headlines

Business & Economics :: Markets

UK wants to avoid cliff edge Brexit but will leave single market, Hammond says

reuters.com

UK wants to avoid cliff edge Brexit but will leave single market, Hammond says

- LONDON (Reuters) - Britain wants to a avoid a cliff edge Brexit that would sow chaos for business but leaving the European Union means leaving the single market and the customs union, finance minister Philip Hammond told the BBC. Hammond refused to confirm or deny a Financial Times report that he had told business leaders that he wanted to negotiate a simple “off-the-shelf” transition deal with Brussels to maintain current trading relations with Europe for at least two years after Brexit
Read More ...

Categories: Business | 
Tags: Markets |  Finance | 
Places: United States |  Europe | 

Jeff Bezos wins, then loses title of world's richest person

baltimoresun.com

Jeff Bezos wins, then loses title of world's richest person

- A surge in Amazon.com shares Thursday morning in advance of the online retailer's earnings report briefly propelled founder Jeff Bezos past Bill Gates as the world's richest person. Shares of the online retailer traded at $1,055.37 at 2:17 p.m. in New York, after climbing as high as $1,083.31, which gave Bezos a net worth of $92.3 billion. Gates had a net worth of $90
Read More ...

Categories: Business | 
Places: Americas |  North America |  United States |  New York | 

AstraZeneca shares plunge 16 percent as lung cancer study fails

cnbc.com

AstraZeneca shares plunge 16 percent as lung cancer study fails

- AstraZeneca's combination of two injectable immunotherapy drugs failed to help patients as hoped in a closely watched advanced lung cancer trial, sending its shares plunging on Thursday. The so-called MYSTIC study was the most anticipated clinical experiment in the pharmaceutical industry this year and the news saw the shares tumble more than 16 percent, wiping $14 billion off the company's value in their biggest ever daily fall
Read More ...

Categories: Business |  Health | 
Places: Americas |  North America |  United States | 

Amazon to offer Sprouts groceries through Prime Now same-day service

ajc.com

Amazon to offer Sprouts groceries through Prime Now same-day service

- Fresh off its announced acquisition of Whole Foods Market, Amazon said Wednesday it has now partnered with Sprouts Farmers Market to offer one- and two-hour delivery of products from the high-end grocer to its Prime members in the Atlanta area. The new offerings from Sprouts under Amazon’s Prime Now service comes as the e-commerce giant pushes deeper into its plans to offer same day delivery of more products, including fresh foods
Read More ...

Categories: Business | 
Tags: Markets |  Services | 
Places: Americas |  North America |  United States |  South |  Atlantic |  Georgia |  Atlanta | 

Jeff Bezos wins, then loses title of world's richest person

chicagotribune.com

Jeff Bezos wins, then loses title of world's richest person

- A surge in Amazon.com shares Thursday morning in advance of the online retailer's earnings report briefly propelled founder Jeff Bezos past Bill Gates as the world's richest person. Shares of the online retailer traded at $1,055.37 at 2:17 p.m. in New York, after climbing as high as $1,083.31, which gave Bezos a net worth of $92.3 billion. Gates had a net worth of $90
Read More ...

Categories: Business | 
Places: Americas |  North America |  United States |  New York | 

Jeff Bezos wins, then loses title of world's richest person

courant.com

Jeff Bezos wins, then loses title of world's richest person

- A surge in Amazon.com Inc. shares Thursday morning in advance of the online retailer's earnings report briefly propelled founder Jeff Bezos past Bill Gates as the world's richest person. Shares of the online retailer traded at $1,055.37 at 2:17 p.m. in New York, after climbing as high as $1,083.31, which gave Bezos a net worth of $92.3 billion. Gates had a net worth of $90
Read More ...

Categories: Business | 
Places: Americas |  North America |  United States |  Northeast |  New England |  Connecticut |  New York | 

Telecom stocks rise, but tech and industrial stocks drop

latimes.com

Telecom stocks rise, but tech and industrial stocks drop

- U.S. stock indexes were mixed in Thursday afternoon trading as losses for tech and industrial companies offset another big gain for telecoms. KEEPING SCORE: The Standard & Poor's 500 index was down 5 points, or 0.2%, to 2,473 as of 1 p.m. Eastern Time. Earlier in the day, it had been up by 6 points to extend its record run. The Dow Jones industrial average rose 39 points, or 0
Read More ...

Categories: Business |  Technology | 
Places: Americas |  North America |  United States | 

Amazon’s Jeff Bezos passes Bill Gates as world’s richest person

seattletimes.com

Amazon’s Jeff Bezos passes Bill Gates as world’s richest person

- A surge in Amazon.com shares Thursday morning in advance of the online retailer’s earnings report has propelled founder Jeff Bezos past Bill Gates as the world’s richest person. Shares of the online retailer rose 1.3 percent to $1,065.92 at 10:10 a.m. in New York, giving Bezos a net worth of $90.9 billion, versus $90.7 billion for Gates. If that holds through the 4 p
Read More ...

Categories: Business | 
Places: Americas |  North America |  United States |  New York | 

Jeff Bezos tops Bill Gates as world’s richest

detroitnews.com

Jeff Bezos tops Bill Gates as world’s richest

- A surge in Amazon.com Inc. shares Thursday morning in advance of the online retailer’s earnings report has propelled founder Jeff Bezos past Bill Gates as the world’s richest person. Shares of the online retailer rose 1.3 percent to $1,065.92 at 10:10 a.m. in New York, giving Bezos a net worth of $90.9 billion, versus $90.7 billion for Gates. If that holds through the 4 p
Read More ...

Categories: Business | 
Places: Americas |  North America |  United States |  New York | 

Online shopping drives UPS profit higher in 2Q

detroitnews.com

Online shopping drives UPS profit higher in 2Q

- The Atlanta company said online shopping boosted demand for its air and ground-shipped packages, helping U.S. revenue rise 8 percent from a year ago to $9.75 billion. The company on Thursday reported net income of $1.38 billion, or $1.58 per share, in the three months ending June 30. That beat expectations for earnings of $1.46 per share, according to Zacks Investment Research
Read More ...

Categories: Business | 
Tags: Markets |  Corporate |  Enterprises |  Consumers |  Profits |  Shopping |  Online shopping | 
Places: Americas |  North America |  United States | 

Online shopping drives UPS profit higher in second quarter

abcnews.com

Online shopping drives UPS profit higher in second quarter

- Robust shopping at places like Amazon.com drove earnings up 9 percent at UPS during the second quarter. Revenue rose 8 percent to $15.75 billion, beating analyst expectations of $15.48 billion. For the full year, UPS said it still expects earnings in the range of $5.80 per share and $6.10 per share. Shares of United Parcel Service Inc. rose 5 cents to $112
Read More ...

Categories: Business | 
Tags: Markets |  Corporate |  Enterprises |  Earnings |  Consumers |  Profits |  Shopping |  Online shopping | 
Places: United States | 

Dollar licks wounds at 13-month low after Fed inflation view

reuters.com

Dollar licks wounds at 13-month low after Fed inflation view

- TOKYO (Reuters) - The dollar licked its wounds at 13-month lows against a basket of major currencies on Thursday after the U.S. Federal Reserve's more cautious wording on the inflation outlook bolstered views it might not hike interest rates again this year. While the Fed said it expected to start shrinking its massive holdings of bonds "relatively soon", a phrase taken by many to mean an announcement in September, the central bank also noted weakness in U
Read More ...

Categories: Business | 
Tags: Markets |  Economy |  Inflation |  Economics |  Currencies |  Dollar |  Currency market | 
Places: Americas |  North America |  United States | 

Chef at the Market returns for summer 2017 with a focus on zucchini

newsminer.com

Chef at the Market returns for summer 2017 with a focus on zucchini

- Editor’s note: Chef at the Market returns to the Tanana Valley Farmers Market today, in which local chefs use fresh Interior Alaska produce and provide on-site demonstrations for easy meals from vegetables readily available right here in and around Fairbanks. The program, now in its sixth season, is the result of a partnership between the Fairbanks Economic Development Corporation, Denali State Bank, Tote Maritime, Foundation Health Partners, Sunrisers Rotary and Spirit of Alaska FCU
Read More ...

Categories: Business | 
Tags: Markets | 
Places: Americas |  North America |  United States |  West |  Pacific |  Alaska |  Fairbanks | 

Pa. Senate considering tax on natural gas drillers to balance the state budget

philly.com

Pa. Senate considering tax on natural gas drillers to balance the state budget

- Popular Stories HARRISBURG — A long-debated tax on natural gas drillers is part of an eleventh-hour plan being pushed Wednesday night by the Republican-controlled state Senate to pay for the state’s $32 billion spending bill, which is a couple of billions of dollars out of balance. Pa. Budget Watch 2017 The Senate was expected to meet late into the night to discuss a revenue plan that includes $1
Read More ...

Categories: Business | 
Tags: Taxes |  Markets |  Commodity Markets |  Energy market |  Natural gas |  Taxation | 
Places: Americas |  North America |  United States |  Northeast |  Atlantic |  Pennsylvania | 

FTSE Russell to exclude Snap from stock indexes over voting rights

reuters.com

FTSE Russell to exclude Snap from stock indexes over voting rights

- (Reuters) - FTSE Russell said on Wednesday it plans to exclude Snap Inc () from its widely followed stock indexes because Snap, the owner of messaging app Snapchat, has an unusual share structure that denies voting rights to investors. Index providers' treatment of Snap and the company's lack of voting rights have been a hot topic for technology investors after the company disclosed its unprecedented corporate structure ahead of its $3
Read More ...

Categories: Politics & Government |  Business | 
Places: Americas |  North America |  United States | 

Amazon goes on hiring spree as labor market tightens

bostonherald.com

Amazon goes on hiring spree as labor market tightens

- SEATTLE — Amazon has some job openings. Lots of them. The company on Wednesday said that it's looking to fill more than 50,000 positions across the U.S. The announcement comes at a time when the labor market is growing tight with back-to-school and holiday shopping around the corner. Others will be competing for many of those potential hires. Amazon.com Inc
Read More ...

Categories: Business |  Life & Style | 
Tags: Markets |  Careers |  Job Search |  Job market | 
Places: Americas |  North America |  United States | 

Global stocks rise on corporate earnings, ahead of Fed

richmond.com

Global stocks rise on corporate earnings, ahead of Fed

- HONG KONG (AP) — World stock markets rose Wednesday, lifted by generally positive corporate earnings and as investors kept a cautious eye on the Fed's upcoming interest rate decision. KEEPING SCORE: In Europe, France's CAC 40 added 0.5 percent to 5,184 and Germany's DAX climbed 0.2 percent to 12,287. Britain's FTSE 100 rose 0.4 percent to 7,461. U.S. shares were poised to open higher
Read More ...

Categories: Business | 
Tags: Markets |  Stock Markets |  Corporate |  Enterprises |  Earnings |  Shares |  Financial Markets | 
Places: Americas |  North America |  United States | 

Popular Stories

Home / United States / Business / Markets

Markets - United States

  • Jeff Bezos wins, then loses title of world's richest person
    Jeff Bezos wins, then loses title of world's richest person

    , baltimoresun.com

    A surge in Amazon.com shares Thursday morning in advance of the online retailer's earnings report briefly propelled founder Jeff Bezos past Bill Gates as the world's richest person. Shares of the online retailer traded at $1,055.37 at 2:17 p.m. in New York, after climbing as high as $1,083.31, which gave Bezos a net worth of $92.3 billion. Gates had a net worth of $90
    Read More ...

     

    Categories: Business | 
    Places: Americas |  North America |  United States |  New York | 

Share Markets

  • Telecom stocks rise, but tech and industrial stocks drop
    Telecom stocks rise, but tech and industrial stocks drop

    , latimes.com

    U.S. stock indexes were mixed in Thursday afternoon trading as losses for tech and industrial companies offset another big gain for telecoms. KEEPING SCORE: The Standard & Poor's 500 index was down 5 points, or 0.2%, to 2,473 as of 1 p.m. Eastern Time. Earlier in the day, it had been up by 6 points to extend its record run. The Dow Jones industrial average rose 39 points, or 0
    Read More ...

     

    Categories: Business |  Technology | 
    Places: Americas |  North America |  United States | 

Bonds

  • As Bronin Seeks Givebacks From Bondholders, Averting Bankruptcy A Huge Challenge
    As Bronin Seeks Givebacks From Bondholders, Averting Bankruptcy A Huge Challenge

    , courant.com

    It shouldn't come as a surprise that the two largest Wall Street debt rating agencies have now classified Hartford's bonds as junk. Downgrades of that sort are exactly what we should expect when the mayor signals he's about to open talks with bondholders, asking them to accept less money. And he's not just signaling it, he's shouting it. The problem is not the downgrades, it's what comes next — an ugly process that doesn't usually lead investors to give back money when cities attempt it, several experts said Wednesday
    Read More ...

     

    Categories: Business | 
    Tags: Markets |  Bond market |  Bondholders | 
    Places: Americas |  North America |  United States |  Northeast |  New England |  Connecticut |  Hartford |  Hartford | 

Consumers

  • Online shopping drives UPS profit higher in 2Q
    Online shopping drives UPS profit higher in 2Q

    , detroitnews.com

    The Atlanta company said online shopping boosted demand for its air and ground-shipped packages, helping U.S. revenue rise 8 percent from a year ago to $9.75 billion. The company on Thursday reported net income of $1.38 billion, or $1.58 per share, in the three months ending June 30. That beat expectations for earnings of $1.46 per share, according to Zacks Investment Research
    Read More ...

     

    Categories: Business | 
    Tags: Markets |  Corporate |  Enterprises |  Consumers |  Profits |  Shopping |  Online shopping | 
    Places: Americas |  North America |  United States | 

Currencies

  • Dollar licks wounds at 13-month low after Fed inflation view
    Dollar licks wounds at 13-month low after Fed inflation view

    , reuters.com

    TOKYO (Reuters) - The dollar licked its wounds at 13-month lows against a basket of major currencies on Thursday after the U.S. Federal Reserve's more cautious wording on the inflation outlook bolstered views it might not hike interest rates again this year. While the Fed said it expected to start shrinking its massive holdings of bonds "relatively soon", a phrase taken by many to mean an announcement in September, the central bank also noted weakness in U
    Read More ...

     

    Categories: Business | 
    Tags: Markets |  Economy |  Inflation |  Economics |  Currencies |  Dollar |  Currency market | 
    Places: Americas |  North America |  United States | 

Shares

  • AstraZeneca shares plunge 16 percent as lung cancer study fails
    AstraZeneca shares plunge 16 percent as lung cancer study fails

    , cnbc.com

    AstraZeneca's combination of two injectable immunotherapy drugs failed to help patients as hoped in a closely watched advanced lung cancer trial, sending its shares plunging on Thursday. The so-called MYSTIC study was the most anticipated clinical experiment in the pharmaceutical industry this year and the news saw the shares tumble more than 16 percent, wiping $14 billion off the company's value in their biggest ever daily fall
    Read More ...

     

    Categories: Business |  Health | 
    Places: Americas |  North America |  United States | 

Currency

  • Deutsche Bank, JPMorgan to pay $148 million to end yen Libor cases in U.S.
    Deutsche Bank, JPMorgan to pay $148 million to end yen Libor cases in U.S.

    , reuters.com

    NEW YORK (Reuters) - Deutsche Bank AG () and JPMorgan Chase & Co () have agreed to pay a combined $148 million to end private U.S. antitrust litigation claiming they conspired with other banks to manipulate the yen Libor and Euroyen Tibor benchmark interest rates. The preliminary settlements, totaling $77 million for Deutsche Bank and $71 million for JPMorgan, were detailed in filings late Friday in the U
    Read More ...

     

    Categories: Business | 
    Places: Americas |  North America |  United States |