Stocks dropped more than 1% Wednesday as plunging oil prices and North Korea’s claim that it successfully tested a hydrogen bomb stoked fear on Wall Street. The Dow Jones industrial average dropped 1.5%, the S&P 500 lost 1.3% and the Nasdaq sank 1.1%. Volume was mixed, down 11% on the NYSE and up 9% on […]
BUMPER online orders helped John Lewis ring up a 4.1 per cent rise in festive sales to £1.81billion despite a drop in takings at its department stores and Waitrose supermarkets. read more >>> Source : The Daily Express
NEW YORK, Jan 6 (Thomson Reuters Foundation) – More than a third of U.S. businesses are now owned by women, a marked increase from previous years, but the vast majority of these are one-person companies, new research shows. read more >>> Source : Reuters
Not too long ago I was invited to be interviewed by Buzzfeed for how the colors you paint your home can make a difference to your life when you make the right choices. When I entered the expansive headquarters of this social media giant, I was struck by the wide open spaces and the vibe […]
Stocks tumbled on Wednesday while oil broke to a new multi-year low. Brent crude oil, the international benchmark fell to a more than 10-year low while West Texas Intermediate crude was closing in on a roughly 7-year low, settling below $34 a barrel. First, the scoreboard: Dow: 16,906.5, -252.2, (-1.4%) S&P 500: 1,990.3, -26.5, (-1.3%) […]
With the price of Brent oil falling again on Wednesday, to its lowest level since 1 July 2004, how low can it go – and what is the impact? read more >>> Source : BBC
As numerous high-quality growth names fall below key support levels, Ulta Beauty (ULTA) continues to be a pillar of strength, trading tightly after a breakout and holding above its 10-week moving average. A strong earnings report in early December has a lot to do with it. Shares gapped up powerfully on Dec. 4 after the […]
* Yen near three-month high vs dollar, nine-month high vs euro (Updates late market action, adds quotes) read more >>> Source : Reuters
At the beginning of each year, Blackstone Group Vice Chairman Byron Wien releases his 10 annual “surprises”in the markets and economy. His 2016 list just came out. The Wall Street legend selects 10 things he thinks have a better than 50% likelihood of happening, but the consensus would only give a one-in-three chance. Wien has […]
World Bank experts predict global economic activity will grow a bit faster this year because of more rapid growth in advanced economies, a study published Wednesday said. While developed nations are expanding, global growth is constrained by problems in major emerging markets, the study said. The study said that overall, the global economy would probably […]
BlackBerry’s automotive division is lifting the hood on plans to build a slate of technologies for the rapidly evolving driverless car market. read more >>> Source : CTVNews.Ca
The U.S. and its Asia-Pacific allies will likely be drawn closer in the wake of North Korea’s most recent nuclear test. read more >>> Source : CNBC.Com
The Federal Reserve indicates last month’s rate hike was no slam dunk. read more >>> Source : BankRate.Com
By Terence Loose, Contributor In our frenetic and demanding world, achieving work-life balance seems more difficult all the time. And if you’re wondering exactly what work-life balance is, consider this definition by The Business Dictionary: “a comfortable state of equilibrium achieved between an employee’s primary priorities of their employment position and their private lifestyle.” Visit […]
The US Federal Reserve’s decision to raise interest rates in December was a “close call”, according to minutes from the meeting. read more >>> Source : BBC
Business consultancy Deloitte says an unexpected continuation of oversupply in both oil and natural gas will mean lower prices for longer. read more >>> Source : CTVNews.Ca
SAO PAULO, Jan 6 (Reuters) – Brazil’s government will continue to seek fiscal balance this year and the economy is likely to improve, presidential chief of staff Jaques Wagner told reporters on… read more >>> Source : Reuters
Stocks were firmly lower in late-afternoon trading Wednesday, this time spooked by claims by North Korea that the country detonated its first hydrogen bomb. The Dow Jones industrial average lost 1.4%, the S&P 500 gave up 1.3% and the Nasdaq fell 1.1%. Volume on the NYSE and Nasdaq was tracking slightly higher than Tuesday’s levels […]
WASHINGTON, Jan 6 (Reuters) – Two senior Democrats in the U.S. House of Representatives urged federal regulators on Wednesday to reject any acquisition of railroad operator Norfolk Southern Corp by Canadian Pacific Railway Co. read more >>> Source : Reuters
When the Fed decided to raise rates in December, the statement was perceived as not so dovish, especially with the projection of 4 hikes in 2016. And now comes the balancing act, with a more dovish than expected meeting minutes. It is important to remember that the minutes are revised and edited until the last […]
When you talk about food in Maine, one thing you can’t miss is lobster. Maine lobsters are not only loved by Americans, but increasingly by consumers in Asia as well. VOA’s Enming Liu and Yiyi Yang visited one lobster company in Maine to find out why the American crustacean is seizing China’s appetite. Lin Yang […]
Yachts and private jets — two billionaire tastes that go great together? That’s the bet SottoStudios is making with its new Skyacht One design. The concept design takes an Embrarer Lineage 1000E private jet and infuses it with a ton of yacht-style luxury, creating what the studio is calling “a yacht that can fly.” The […]
The city of the future is adapting to the car of the future. Stratford, Ont., where wireless connectivity is considered a utility, is wooing developers of driverless cars with its connected streets and stop lights. read more >>> Source : CBC.Ca
Stocks remained deep in the red in escalating volume amid a flurry of disappointing news in the retail sector. The S&P 500 fell 1.2%, holding in the lower half of the day’s trading range. The action is typical for a market in a correction. The Dow industrials slipped 1.4%, while the Nasdaq fell 1.1%. Volume […]
WASHINGTON, Jan 6 (Reuters) – Initial analysis of North Korea’s reported nuclear test on Wednesday is not consistent with Pyongyang’s claim of a successful hydrogen bomb test, the White House said, but any nuclear test would be a “flagrant violation” of U.N. Security Council resolutions. read more >>> Source : Reuters
There were plenty of ups and downs in the fight against child labor this year. With an estimated 168 million children still trapped in exploitative labor, including 85 million doing hazardous work, we have an ambitious agenda ahead of us in 2016. Here are 10 highs and lows from 2015: 1. The U.S. Department of […]
Canadian Pacific Railway is welcoming a recent court ruling allowing it to strictly limit its liability when transporting toxic goods by rail. read more >>> Source : CTVNews.Ca
The Powerball numbers are drawn Wednesday night at 10:59 p.m. ET. read more >>> Source : CNBC.Com
Argentina has swapped $16 billion in notes held by the central bank for fresh dollar-denominated bonds, the government said on Wednesday as the country moves to bolster reserves and strengthen its hand against creditors suing over defaulted debt. Long-awaited negotiations with a group of New York hedge funds that sued in the U.S. courts for […]
Maybe it’s time to rethink Apple stock and call it a decent bond, with an ownership slice of a dominant tech company attached. read more >>> Source : CNBC.Com
The longshot odds of winning $500 million in Powerball got even worse recently when lottery officials changed the way the game is played. read more >>> Source : CNN Money
The stock market pared losses but remained broadly weaker at midday Wednesday. The Nasdaq, down as much as 1.6% earlier, was 0.7% lower. The S&P 500 lost 0.9% and the Dow Jones industrial average 1.1%. The small-cap Russell 2000 slid 1%. Volume was running higher across the board. Losing stocks led winners by 2-to-1 on […]
Goldman Sachs doesn’t see a whole lot of upside for the stock market in aggregate. For some stocks, the firm sees a whole lot of downside. In a new chartbook for the first quarter, Goldman Sachs’ David Kostin and his team have compiled a list of stocks that are priced much too high compared to […]
A classic Ferrari to be featured at an auction to be held in Paris next month may challenge the record for the highest price ever paid for an automobile. The 1957 Ferrari 335 S Spider Scaglietti, once driven to victory by British World Champion Stirling Moss at the 1958 Cuban Grand Prix, is expected by […]
Oculus Rift priced at $599 and preorders crash site. read more >>> Source : CNN Money
* Shares down nearly 2 pct in afternoon trading (Adds details about agreement, analyst downgrade; updates share price) read more >>> Source : Reuters
The hot real estate markets in Vancouver and Toronto post record sales in a year that saw already stratospheric prices rise even higher. read more >>> Source : CBC.Ca
A new, ultra-cheap, all-Canadian airline is poised to take off next month, with low-cost flights running between seven smaller Canadian airports in five different provinces. read more >>> Source : CTVNews.Ca
Thanks to the global oil glut, expect to see even cheaper prices at the pump in a matter of days. read more >>> Source : CNBC.Com
London’s leading shares sag on Wednesday, dragged down by mining stocks, oil hits new 11-year lows but defence giant BAe Systems jumps more than 3%. read more >>> Source : BBC
New York state recently started offering a loan forgiveness program that provides up to 24 months of relief for federal student loan debt. read more >>> Source : BankRate.Com
ALMOST one in 10 landlords are planning to sell their rental properties as a result of brutal new taxes coming into force, research has revealed. read more >>> Source : The Daily Express
Do you count the minutes until you can leave your job for the day? Does waking up and realizing it’s Monday give you a sense of dread? Do you daydream about starting a small business? If so, stop dreaming and start living. This is the year you quit your job and become your own boss. […]
Investment bank revenues have been more or less flat for years, and it looks like they could stay that way for a while. In a note Wednesday, JPMorgan’s Kian Abouhossein suggested the banks may have reached a “new normal” — and it’s right around the 2005-2006 revenue levels. Abouhossein estimates that clean investment bank revenues […]
UNITED NATIONS, Jan 6 (Reuters) – U.N. Secretary-General Ban Ki-moon on Wednesday called North Korea’s fourth nuclear test “deeply troubling” and “profoundly destabilizing for regional security,” and diplomats said the Security Council would have to consider new sanctions steps. read more >>> Source : Reuters