Protests grip South Africa as introduction of minimum income dubbed ‘poverty wage’ is delayed
Disagreement over a proposed minimum wage in South Africa has led to mass protests and reassurances from the presidency this week. President Cyril Ramaphosa met with officials from the labor ministry on Thurday, following protests the previous day that mobilized...
Here’s what all the major Wall Street analysts had to say about Amazon’s earnings
Amazon reported stellar quarterly figures, sending the stock surging 8 percent on Friday. Many Wall Street analysts were bullish for reasons beyond retail, underscoring how strong Amazon’s advertising business was in the quarter, as well as the sharp increase in...
Expedia shares rocket higher on first-quarter jump in bookings
Shares of Expedia took off Friday after the company reported better-than-expected quarterly sales and a sharp increase in booking volume. The online travel agent’s stock rose 8 percent, trading near $115 as of 12:18 p.m. ET Friday. The company reported...
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...
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...
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...
There are now 17 million bitcoins in existence — only 4 million left to ‘mine’
More than 80 percent of the bitcoins that will ever exist have now been created. The 17 millionth bitcoin was “mined” Thursday, according to data from Blockchain.info, more than a year since the number of coins topped 16 million. But...
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Trading education
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