Four-year high gas prices are still about $1 cheaper than the most expensive Labor Day
Motorists this Labor Day will be paying the most at the pump since 2014, but those prices are nothing compared with the end of summer 2012, GasBuddy analyst Patrick DeHaan told CNBC on Friday. The average price for a gallon...
Talk of tying capital gains taxes to inflation shouldn’t change your financial plans
The administration’s interest in allowing investors to factor in inflation when calculating their capital gains tax liability is mounting. On Thursday, President Donald Trump said he’s thinking “very strongly” about doing so. That comes after Treasury Secretary Steven Mnuchin announced...
Consumer sentiment edges up in August but remains near lowest level since January
Consumer sentiment in the U.S. was opposite of expectations in the final reading of August, rising slightly rather than further weakening as economists predicted. The University of Michigan’s monthly survey of consumers hit 96.2 in the final reading of August,...
Canadian Dollar Selloff Accelerates on Talk of No Trade Deal, Yen and Swiss Franc Stay Strong
Trade war is back into the spot light today, sparkled by Trump’s Bloomberg interview with hostile comments on EU and China. Investor sentiments are clearly weighed down. At the time of writing, FTSE is down -0.58%, DAX down -0.75% and...
Bank of America downgrades EA, Activision Blizzard due to ‘Fortnite’ and holiday slate
Bank of America Merrill Lynch is getting worried about the video gaming industry’s holiday selling season. The firm lowered its rating for both Electronic Arts and Activision Blizzard shares to neutral from buy, citing the crowded holiday slate and competition...
The $1 billion price cut: Luxury real estate gets slashed
The most expensive real-estate in America just became a little less expensive — with $1 billion in price cuts among America’s top listings over the past few months, according to a CNBC analysis.
Trade Fears Hold Major Currencies in the Red; Loonie Weakens as NAFTA Deadline Looms
Here are the latest developments in global markets: FOREX: Trump’s stubborn stance the previous day aiming to enhance US’s trade protective measures against China and keep the pressure on the EU, shifted funds away from riskier assets, pushing dollar/yen down...
EURJPY: Weakens, Threatens Move Towards The 128.79 Area
EURJPY: The pair looks to weaken further leaving risk of a move towards the 128.79 zone on the cards. Support comes in at the 128.50 level where a break if seen will aim at the 128.00 level. A cut through...
Canadian Dollar Under Pressure as NAFTA Talks Heat Up
The Canadian dollar has lost ground on Friday, ahead of the North American session. Currently, USD/CAD is trading at 1.3034, up 0.41% on the day. On the release front, Canada releases Raw Materials Price Index, which is expected to drop...
Big Lots shares plummet 9% after earnings disappoint
Shares of Big Lots plunged Friday after the discount retailer reported second-quarter earnings that fell short of Wall Street expectations. The company’s stock dropped more than 9 percent, adding to its 14.7 percent decline this year. The Columbus, Ohio-based company...