All the signs are there for higher pay, but the ‘mystery of missing wage growth’ continues
Pretty much every single data point emerging from the jobs market these days is signaling that wages should be accelerating — except for actual paychecks. That looks to be changing soon, even if it’s been a long time coming. The...
Bitcoin could flop like VHS competitor Betamax, tech investor Glenn Hutchins says
As the cryptocurrency market matures, bitcoin could be pushed out by competitors the same way the video cassette tape format Betamax lost out to rival VHS as home entertainment technology evolved during the 1980s, according to one tech investor. “Bitcoin...
Bill Clinton calls new tax law ‘a bullet aimed at New York and California’
Former President Bill Clinton had some choice words about the new tax law. “The law basically is a bullet aimed at New York and California,” Clinton told CNBC in an exclusive interview on Tuesday, discussing changes to the tax code....
Bill Clinton tells CNBC: New tax law is a ‘bullet aimed at New York and California’
Former President Bill Clinton had some choice words about the new tax law. “The law basically is a bullet aimed at New York and California,” Clinton told CNBC in an exclusive interview on Tuesday, discussing changes to the tax code....
Wholesale trade misses expectations in March, but keeps growth streak alive
A measure of U.S. wholesale trade continued its growth streak in March, though its gains fell below expectations. The U.S. Census Bureau’s gauge of wholesale inventories in March increased 0.3 percent from the prior month, totaling about $627 billion. The...
Singapore FX market riding high on world events
In June, the Singapore Exchange (SGX) recorded unprecedented levels of forex futures trading, while Investment Trends’ 2017 Singapore contracts for difference (CFD) and FX report refers to a 7% increase in the number of active CFD/FX traders last year compared...
US producer prices inch up in April after recent solid gains
U.S. producer prices barely rose in April after strong gains in the first quarter, held down by a moderation in the cost of both goods and services, which could ease fears that inflation pressures were rapidly building up. The slowdown...
Hot US jobs market spurs push to reach those left behind
In Cleveland, a new road meant to cut commute times between the suburbs and a downtown medical hub has been redesigned as an “Opportunity Corridor” to bring businesses and jobs to poor neighborhoods along its way. In St. Louis, development...
Walmart agrees to a $16 billion deal to buy a majority stake in India’s Flipkart
Walmart has agreed to a deal to buy a majority stake in Indian e-commerce giant Flipkart for $16 billion. The U.S. retail giant said Wednesday that it would acquire an initial stake of roughly 77 percent in Flipkart. The remainder...
Argentina looks be headed for another economic storm
Argentina has started talks with the International Monetary Fund seeking financial rescue once again, as inflation soars and the currency sinks. Buenos Aires looks to be going through another economic nightmare, with prices rising rapidly while the Argentine peso drops....
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