US economy slows in the first quarter as consumers put off spending
The U.S. economy slowed in the first quarter as consumer spending grew at its weakest pace in nearly five years, but the setback is likely temporary against the backdrop of a tightening labor market and large fiscal stimulus. Gross domestic...
After 9% pop, Stifel analyst admits he was ‘wrong’ on Facebook and upgrades stock
One Wall Street analyst regrets his decision to downgrade Facebook’s stock earlier in the year after its big earnings beat. Facebook reported quarterly earnings and revenue well beyond consensus expectations on Wednesday despite its recent scandal involving data privacy and...
Debt spiral prompts higher risk warning for Bahrain
Bahrain, it seems, cannot just put its faith in new oil discoveries to improve fiscal revenue The authorities in March decided to abandon plans for a sovereign bond placement, while advancing only the sale of US-denominated Islamic bonds (sukuk) worth...
US economy likely slowed in the first quarter as consumers put off spending
The U.S. economy likely slowed in the first quarter as growth in consumer spending braked sharply, but the setback is expected to be temporary against the backdrop of a tightening labor market and large fiscal stimulus. Gross domestic product probably...
UK growth slows to weakest since 2012, weather only partly to blame
Britain’s economy slowed much more sharply than expected in the first three months of 2018, with heavy snow only partly to blame, raising major questions over whether the Bank of England will raise rates next month. Britain’s economy grew at...
US and UK GDP to Take Center Stage, BoJ Stands Pat
Dollar is trading mildly lower today but remains the overwhelmingly strongest one for the week. The greenback was, on the one hand, pushed higher overnight thanks to the steep post ECB selloff in Euro. Dollar index hit as high as...
ECB Refrained from Hinting on Policy Outlook
In line with our expectations, ECB largely judged the recent slowdown in economic data as driven by temporary factors and moderation after periods of strong growth. The members maintained the view that risks to growth were “broadly balanced” and remained...
Blue Apron shares pop after Kevin O’Leary picked it in Power Lunch’s 2018 CNBC Stock Draft
Blue Apron shares jumped Thursday after Kevin O’Leary from ABC’s “Shark Tank” made the stock one of his picks during Power Lunch’s 2018 CNBC Stock Draft. In recent months, Blue Apron has toppled over 80 percent from its IPO price...
Former Paypal CEO says investors are drinking the bitcoin ‘Kool-Aid’
Former head of online payments giant Paypal is bullish on the future of digital money but maintains that bitcoin is a scam. “Everyone is drinking the Kool-Aid,” Bill Harris, former Paypal, CEO told CNBC’s “Fast Money” Thursday. “I absolutely believe...
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