Finance

General Electric weighs on Wall Street

General Electric weighs on Wall Street

GE's closely watched cash flow from operations fell 67 percent to $3.6 billion from a year ago, reflecting the loss of contributions from the appliances division that the company sold. Of that total $242.6 billion is services backlog and $84.2 billion is equipment. Shares of General Electronics fell from 3% in premarket trading after the organization results beat estimation but posted a almost 60% decline in gains. Read More

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US Treasurys Strengthen After Soft Inflation Reading

US Treasurys Strengthen After Soft Inflation Reading

The unchanged consumer price reading for June followed a 0.1 percent dip in May. Excluding food and energy prices, core consumer prices crept up by 0.1% for the third consecutive month. The lower-than-expected figures were the latest sign of muted inflation, which is a main threat to government bonds because it erodes the purchasing power of their fixed returns and can lead to higher interest rates from the Fed. Read More

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Wimbledon: Venus Williams, Sam Querrey and CoCo Vandeweghe lead U.S. charge

Wimbledon: Venus Williams, Sam Querrey and CoCo Vandeweghe lead U.S. charge

Muguruza rallied past Angelique Kerber , 4-6, 6-4, 6-4, and earned a bout with 32-year-old Svetlana Kuznetsova , the first entry into the quarterfinals with her 6-4, 6-2 win over fellow veteran Agnieszka Radwanska . The number ten seed is the only previous victor remaining in this year's tournament, although the last of her five titles at the All-England Club came back in 2008. Read More

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Worldpay shares leap on takeover approaches

Worldpay shares leap on takeover approaches

Worldpay's shares had started rising before the announcement, with traders citing rumours the company may be a bid target. Vantiv and JP Morgan now have until August 1 to announce firm intentions to buy or else walk away. A deal with JPMorgan Chase would add to the processing power of the bank's debit and credit card businesses. While the bank has made a series of smaller financial technology acquisitions in recent years, it has so far held off from big-ticket deals. Read More

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Computer glitch lists several Nasdaq tech stocks at same price

Computer glitch lists several Nasdaq tech stocks at same price

Google's website says Swiss-based SIX Financial Information provides end-of-day prices, and New York-based Interactive Data Real-Time Services provides intra-day prices. The problem lay behind routine test data sent out by United States exchanges including Nasdaq (NASDAQ:NDAQ), which was taken to be live figures. Despite sporadic claims of some trades being made at the $123.47 price, Nasdaq told the FT that it did not affect market trading. Read More

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BofA Merrill cuts crude oil price forecasts for 2017, 2018

BofA Merrill cuts crude oil price forecasts for 2017, 2018

The current USA crude futures were up by a massive 5.1% increase this week alone, while the Brent crude also did well on this week having 4.8% increase on its belt. Omran al-Zwai, a spokesman for Arabian Gulf Oil Company (AGOCO), an NOC subsidiary, said output had been as high as 950,000 bpd in recent days, rising from about 885,000 bpd at the start of last week. Read More

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Amazon's

Amazon's "Prime Day" deals return July 11; Here's what to expect

This year Amazon are also extending Prime Day to China, India and Mexico , so expect to see the final tally of sales bigger than ever as that includes two of the most populous countries in the world. Remember that it's not only Amazon that offers sales on Amazon on Prime Day. Black Friday , the day (now week-long) retail sale event in November has become a household phrase and national occasion since it took to the United Kingdom shores from the US back in 2010, thanks to Amazon. Read More

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Spithill skippers Oracle to 1st win in America's Cup

Spithill skippers Oracle to 1st win in America's Cup

Oracle skipper Jimmy Spithill blinked in the "pre-start" and allowed his rival Peter Burling to get ahead over the line, with the New Zealand team then extending their lead through the race. I think we showed today that we're a pretty tough bunch. They're very young. All of them bar the skipper are under 30. We felt like we had minimal risk the whole race. Read More

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Prime Wardrobe is Amazing, For Better or Worse

Prime Wardrobe is Amazing, For Better or Worse

Items are shipped to the consumer, who gets seven days to try on the items before deciding what to keep and what to send back. More than a million pieces of clothing and accessories are eligible, Amazon said Tuesday, including from brands like Calvin Klein , Hugo Boss, Theory and Levi's that are big names at the department stores. Read More

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Nikkei nears two-year high as US hi-tech rebound boosts mood

Nikkei nears two-year high as US hi-tech rebound boosts mood

Asian shares were slightly lower Tuesday, erasing initial gains, but Tokyo's benchmark rose. TECH REBOUND: Technology stocks in the S&P 500 rose 1.4 per cent, the largest gain among the 11 sectors that make up the index. CHINA WATCH: Investors are closely watching the MSCI decision on China A-share inclusion to indexes, expected later in the day. Similarly, in a speech late on Monday, Chicago Federal Reserve President Charles Evans said it may be worthwhile for the USA central bank to wait ... Read More

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Amazon's $14-Billion Grocery Deal a 'Threat' to Food Retailers

According to Jeff Bezos , Amazon founder and CEO, "Millions of people love Whole Foods Market because they offer the best natural and organic foods, and they make it fun to eat healthy". He added that these are likely the higher-income households who tend to buy more expensive brands and cuts of meat. "Limited-assortment" grocers, such as Kettering's Trader Joe's - stores that typically sell private-label goods and less variety in general - are growing quickly now. Read More

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