Corporate America has one last way to keep wages down: terms and conditions. In a note to clients on Monday, analysts at Wrightson-ICAP examined the outlook for wage inflation. In short, the firm expects that wage growth could continue to creep upwards but doesn’t expect it to really take off to show something like 4% […]
FitBit has unveiled the Blaze, a fitness tracker with some Apple Watch-like features baked in. read more >>> Source : CNN Money
The chief economists of some of Canada’s biggest banks say the country is headed for a rocky year as low oil prices continue to drag on economic performance. read more >>> Source : CTVNews.Ca
Ready, set, file your taxes beginning Jan. 19. Or if you use Free File, you can use that online option starting Jan. 15. read more >>> Source : BankRate.Com
The strife in the Middle East could actually exacerbate the global oversupply of oil which has driven prices down during the last 18 months. read more >>> Source : CBC.Ca
The lower level of inflation in the euro-zone was not that surprising, but the strength of the US dollar and the yen is certainly quite impressive. The yen is a known and veteran safe haven and the US dollar has also been such from time to time. The euro recently positioned itself as a funding […]
BERLIN/WASHINGTON, Jan 5 (Reuters) – Volkswagen is struggling to agree with U.S. authorities a fix for vehicles capable of cheating emissions tests, a VW source said on Tuesday, showing how relations between the two sides remain strained four months after the cheating came to light. read more >>> Source : Reuters
There are only a few reasons why some people are successful and lead satisfying professional lives, and most do not. Perhaps the most neglected reason is the boss. The thesis is simple – if you have a boss who is going places, so will you. At least you will if you make proper use of […]
Stocks grappled for direction in early trade, quickly shedding their opening gains and dipping into the red. The Dow slipped 0.2%. The Nasdaq and the S&P 500 were down less than 0.1% each. The stock market today at first appeared to shake off uncertainties about China, erasing premarket losses and posting modest opening gains. But […]
The European Commission opens an investigation into whether a plan by Drax to convert its electricity-generating plant from coal to biomass breaches state aid rules. read more >>> Source : BBC
The holiday season can lead many people to overindulge — whether it’s eating more than you should, drinking one too many holiday beverages, or overspending on gifts, travel, and entertainment. Now that we’re in the new year, you may find yourself, like many Americans, setting resolutions focused on saving money and paying off bills. But […]
RIYADH, Jan 5 (Reuters) – Foreign companies will be allowed to invest in Saudi Arabian airports being privatised without the need for local partners, the kingdom’s aviation regulator said on Tuesday. read more >>> Source : Reuters
By Melanie Studer, MS, Industrial Ecology and Science Communication, Delft University of Technology and Leiden University Becky Booth is standing in line for the cashier at the Tower of London, with family visiting from the U.S. But when she is ready to buy the tickets, instead of “conventional” money she hands over six “Time Credits.” […]
Britain’s biggest bank, HSBC, is still trying to repair its online banking system, which has failed for the second day running read more >>> Source : BBC
* Canadian dollar at C$1.3938, or 71.75 U.S. cents * Bond prices higher across maturity curve TORONTO, Jan 5 (Reuters) – The Canadian dollar was little changed against its U.S. counterpart on Tuesday… read more >>> Source : Reuters
Shares in Volkswagen AG are sliding after the U.S. Justice Department sued the German automaker over emissions-cheating software fitted to diesel vehicles. read more >>> Source : CBC.Ca
There were more airline deaths worldwide due to deliberate acts in 2015 than from accidental air crashes, for the second year in a row, according to an industry tally. read more >>> Source : CTVNews.Ca
Game publisher Activision Blizzard has acquired Major League Gaming (MLG) as part of its plan to create the “ESPN of e-sports.” read more >>> Source : CNBC.Com
Lower energy costs kept a lid on inflation across the 19-country eurozone economy in December, official figures showed Tuesday, in a development that could buoy consumers but frustrate policymakers at the European Central Bank eager to see more substantial price rises. In an initial estimate, the European Union’s statistics agency found that annual consumer price […]
Stock futures were mixed Tuesday, but had improved sharply a half-hour ahead of the start of regular trade. Dow futures traded down 12.9 points, up from a 98-point loss an hour earlier. S&P 500 and Nasdaq 100 futures had reversed and climbed into positive territory, with S&P 500 futures up a fraction and Nasdaq 100 […]
Throughout the day, the world’s big automakers will announce their December US sales stats. Analysts estimate the pace of sales declined to an annualized rate of 18.0 million units. “Since bottoming in February 2009 at an annualized 9.04 million unit pace, total motor vehicle sales have consistently increased over the past 7 years, currently standing […]
On Tuesday, a huge, glistening tuna was auctioned for about 14 million Japanese yen at Tokyo’s Tsukiji market. read more >>> Source : CNBC.Com
A major North American garbage collection business, Progressive Waste Solutions, has embarked on a review of its strategic options but is providing few details about the potential impact of the process. read more >>> Source : CTVNews.Ca
Marc Ostwald, Market Strategist for ADM Investor Services, joined Nick Batsford and Zak Mir on the Tip TV Finance Show in order to discuss the breakdown in relationship between Iran and Saudi Arabia, and the effect which low oil prices will have on the Middle East and this strained relationship. Topics Covered: Iran, Saudi Arabia, […]
Charlie Munger is a college-dropout who served as a meteorologist in the US Army Air Corps before graduating from Harvard Law. And then he met Warren Buffett. The rest is history. As vice chairman of Berkshire Hathaway, Munger is Buffett’s right-hand man. He has an estimated net worth of $1.19 billion. Like Buffett, Munger’s wit […]
Forecast of strong December sales expected to take 2015 U.S. sales to 17.5 million vehicles, breaking 15-year record. read more >>> Source : CNN Money
Low oil prices could spur further mergers and acquisitions (M&A) across the oil and gas sector in 2016, analysts told CNBC. read more >>> Source : CNBC.Com
Global stocks dropped like a ‘lead balloon’ on Monday — never even looked back from the min the mkts opened……renewed worries over Chinese economic conditions — likely confirming a contraction and the way the mkts reacted it is expecting a ‘global contraction’….and this caused investors to ‘exit’ the Chinese mkt in droves — which then […]
* Police officer says was abducted by air base attackers (Updates toll, defence minister, Sharif-Modi call) read more >>> Source : Reuters
The rupee today recovered from its two-week low to end steady at 66.60 against the American currency, inching up by a paisa on the back of mild dollar selling. read more >>> Source : EconomicTimes.IndiaTimes.Com
International Monetary Fund chief Christine Lagarde said on Tuesday she was not in Nigeria to negotiate a loan and urged Africa’s biggest economy to diversify its revenue to try and get out of an economic crisis fueled by the fall in oil prices. Lagarde was speaking at the presidential villa in the capital Abuja moments […]
Small businesses in 2015 saw their softest year of employment growth since 2011, according to data released Tuesday. read more >>> Source : CNBC.Com
LONDON’s top stocks were back in the red today despite desperate efforts by the Chinese government to calm markets. read more >>> Source : The Daily Express
Supermarket group Sainsbury’s says it made an offer for Argos owner Home Retail Group in November, but that the offer was rejected. read more >>> Source : BBC
Via Dave Lutz at JonesTrading, here’s a quick guide to what traders are talking about before markets open on Tuesday as stocks in the US look set to open lower for a second straight day. Good Morning, and welcome to “Turnaround Tuesday?” US Futures are starting in the red for now, off 60bp but well […]
Starbucks is adding a new drink to its menu. read more >>> Source : CNN Money
A busy Christmas season has helped pushed Spain’s unemployment rate down further. It fell by 1.34 percent in December, leaving just over four million… read more >>> Source : EuroNews.Com
Happy Fat Cat Tuesday! Today is when the pay of a FTSE 100 company’s CEO will overtake the average U.K. worker’s annual earnings. read more >>> Source : CNBC.Com
Here’s some advice for keeping Uncle Sam out of your nest egg. read more >>> Source : BankRate.Com
LONDON, Jan 5 (Reuters) – Investors once again flocked to the safety of the yen on Tuesday as a modest pick-up in risk appetite gave way to jitters over Chinese market turbulence and stalling growth… read more >>> Source : Reuters
KUALA LUMPUR, Jan 5 (Reuters) – Malaysia Airlines said on Tuesday it has temporarily banned checked-in baggage on some flights to Europe because of “unreasonably strong head winds” on the longer routes it is taking for safety reasons. read more >>> Source : Reuters
Members of a small but defiant group are pledging to keep protesting the Site C hydroelectric project in northeastern British Columbia, despite being ordered off the land. read more >>> Source : CTVNews.Ca
By Nate Raymond (Reuters) – Texas tycoon Sam Wyly is set to face off against the Internal Revenue Service at trial on Wednesday over more than $2 billion the agency says he owes for using offshore trusts to engage in one of the largest tax frauds in U.S. history. The trial in federal bankruptcy court […]
The greening of Alberta’s power grid will mean more renewables, such as wind, solar and hydro, but could it also mean more oil? read more >>> Source : CBC.Ca
The average apartment price in Manhattan hit a record $1.95 million in 4Q, as high-end real estate defies volatile stock markets. read more >>> Source : CNBC.Com