Greece passes fast-track reform package to unlock bailout cash
Greece’s parliament on Thursday passed a fast-track reform package to unlock bailout funds and wrap up a fourth and final review of its loan programme as it seeks more debt relief from its official creditors next week. Greece is due...
Your first trade for Thursday, June 14
The “Fast Money” traders shared their first moves for the market open. Tim Seymour was a buyer of JPMorgan. David Seaburg was a buyer of Carter’s. Dan Nathan was a seller of the Russell 2000 ETF. Guy Adami was a...
US import prices jumped in May, boosted by a surge in the cost of petroleum products and food
U.S. import prices increased solidly in May, boosted by a surge in the cost of petroleum products and food, but underlying imported inflation remained benign. The Labor Department said on Thursday import prices increased 0.6 percent last month. Data for...
US jobless rolls declined to a near 44-1/2-year low, pointing to a rapidly tightening labor market
New applications for U.S. unemployment benefits unexpectedly fell last week and the number of Americans on jobless rolls declined to a near 44½-year low, pointing to a rapidly tightening labor market. Initial claims for state unemployment benefits dropped 4,000 to...
US retail sales post their biggest gain in six months
U.S. retail sales increased more than expected in May as consumers bought motor vehicles and a range of other goods even as they paid more for gasoline, the latest indication of an acceleration in economic growth in the second quarter....
Despite record high confidence, Main Street businesses can’t find the workers they need
Mike Fredrich shows off unmanned presses in his Manitowoc, Wisconsin, company. They’re ready to start production at MCM Composites, a 55-person enterprise that makes custom thermoset molding. The only problem? Fredrich has no one to operate them. “These tools are...
One-third of small business owners say they can’t find the workers they need to fill critical jobs
Mike Fredrich shows off unmanned presses in his Manitowoc, Wisconsin, company. They’re ready to start production at MCM Composites, a 55-person enterprise that makes custom thermoset molding. The only problem? Fredrich has no one to operate them. “These tools are...
A fourth Fed hike this year could trigger economic slowdown, strategist warns
While many may welcome the more hawkish stance from the Federal Reserve after a decade of record-low interest rates, one economist warned that it may actually lead to an economic slowdown. The Federal Reserve hiked rates for the second time...
How Italian turmoil in the bond markets could spark a domino effect across Europe
Banks in major European economies could be severely hurt by political developments in Italy given their exposure to Italian debt, with France’s lenders leading the potential losses. Recent political turmoil in Italy has increased the borrowing costs for the euro...
Jim Chanos says there’s a culture of lying in Silicon Valley and Theranos was the tip of the iceberg
In Silicon Valley, hyperbole is becoming a problem, according to prominent short-seller Jim Chanos. The billionaire who predicted the fall of Enron is warning investors to be skeptical of young, optimistic leaders of companies that he says could end up...
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