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Financial News of the Day

 

Unemployment in the U.S. Is Falling, So Why Isn’t Pay Rising?

22-05-2017

Unemployment in the U.S. Is Falling, So Why Isn’t Pay Rising?

The U.S. economy is behaving mysteriously. Usually wage growth accelerates when the job market is tight: Employers have to pay more to attract and retain workers. But even though the unemployment rate hit a decade low of 4.4 percent in April, average hourly earnings of all private non-farm workers grew just 2.5... Read more

How the Trump administration is affecting the multibillion-dollar marijuana industry

18-05-2017

How the Trump administration is affecting the multibillion-dollar marijuana industry

The pot industry is one of the fastest growing in the country — projected sales this year are in the billions. But with a new administration at the helm in Washington, D.C., one that is potentially less friendly to legalization, marijuana entrepreneurs and investors alike are dealing with uncertain times.  Startups,... Read more

Wake up! Amazon, Google, Apple and Facebook are running our lives

17-05-2017

Wake up! Amazon, Google, Apple and Facebook are running our lives

Let’s say you woke up this morning and after stopping your alarm clock, asked it to play some get-up-and-go music. You go to make breakfast and see that you’re out of coffee, but it doesn’t matter, because a delivery is on its way. On your commute, you catch up with friends... Read more

China hit by cyber virus, Europe warns of more attacks

15-05-2017

China hit by cyber virus, Europe warns of more attacks

The WannaCry "ransomware" cyber attack hobbled Chinese traffic police and schools on Monday as it rolled into Asia for the new work week, while authorities in Europe said they were trying to prevent hackers from spreading new versions of the virus. In Britain, where the virus first raised global alarm when... Read more

The Fed: Fed minutes may quell doubt abo…

24-05-2017

The Fed: Fed minutes may quell doubt about a June interest-rate hike

Getty Images Federal Reserve headquarters Building is seen from the air over Washington, DC Minutes of the Federal Reserve’s May meeting should remove lingering doubts about the central bank’s plans to engineer another interest rate... Read more

The Wall Street Journal: Moody’s downgra…

24-05-2017

The Wall Street Journal: Moody’s downgrades China rating for the first time in nearly 30 years

SHANGHAI — Moody’s Investors Service cut China’s sovereign credit rating for the first time in nearly three decades, citing expectations that the country’s financial strength will deteriorate in the coming years as debt keeps rising... Read more

Women get a raw deal on student debt

23-05-2017

Women get a raw deal on student debt

Curry Oglesby knows the challenges firsthand of trying to pay down her debt and also plan for her future. “It’s not like I have savings right now,” she said. The 30-year-old graduated from Howard University... Read more

MarketWatch First Take: Intuit finds tax…

23-05-2017

MarketWatch First Take: Intuit finds tax-season success from Uber drivers and Taskrabbits

QuickBooks maker Intuit Inc. said 2017 was one of its most complicated tax seasons, but one increasing complication in the American economy is turning into a positive for its business. On Tuesday, the tax preparation... Read more

Apple sees a spike in government request…

24-05-2017

Apple sees a spike in government requests for data relating to national security

Stephen Lam | Getty ImagesApple CEO Tim Cook smiles during a product launch event on October 27, 2016 in Cupertino, California. Apple Inc. unveiled the latest iterations of its MacBook Pro line of laptops and TV app.Apple hasn't always had the easiest of relationships with... Read more

How OPEC can get oil prices back to $60 …

24-05-2017

Oil traders are eagerly anticipating an extension to OPEC's production cut this week, but one analyst has told CNBC that comments from the oil cartel could be just as powerful in propping up the price of the commodity."A lot depends on this meeting, at least... Read more

US draws on Israeli cyberpower and sells…

24-05-2017

Cybersecurity Ventures publishes a list of the top 500 cyber security companies; it features 36 Israeli ones, the largest number after the U.S. Even that number does not represent the whole picture since many Israeli companies are acquired by American firms or move to the... Read more

Trump's proposed US oil reserve sale not…

24-05-2017

President Donald Trump's proposal to sell half of the U.S. Strategic Petroleum Reserves (SPR) will likely have little impact on OPEC's efforts to reduce a global oil glut, Goldman Sachs said on Tuesday.The White House budget, delivered to Congress on Tuesday, aims to start selling... Read more

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