The latest from the Greece’s financial crisis (all times local): ___ 4:20 p.m. Olivier Blanchard, director of research at the International Monetary Fund, says Greece’s troubles pose little threat to the …
Initial claims for state unemployment benefits rose 15,000 to a seasonally adjusted 297,000 for the week that ended July 4, the U.S. Department of Labor said on Thursday. Thursday’s jobless claims report marks the 18th consecutive week of new filings below 300,000.
Oil’s biggest slump in four years will lose momentum because the plunge in Chinese equities and Greece’s economic crisis won’t dent global demand, according to Morgan Stanley, UBS Group AG and Societe Generale SA. Crude is set for a “modest recovery” after declining 13 percent in the five sessions through Wednesday, Morgan Stanley estimates, while demand will push prices up by year-end, according to hedge fund manager Andrew J. Hall.
Coty’s shares fell 6 percent in early trading after the widely expected deal, while P&G was up 0.6 percent. In a tax-efficient deal designed as a “Reverse Morris Trust” transaction, P&G will separate 43 of its cosmetics, fragrance and haircare brands and fold them into Coty. The deal is a game-changer for Coty as it adds popular brands such as Wella and Clairol hair color products and Cover Girl and
“The potential trifecta of shocks from Greece, Puerto Rico, and China all occurring at once…the potential sell off might give us an opportunity,” said Jimmy Lee, CEO of Wealth Consulting Group
Greece’s government is racing to finalize a plan of reforms for its third bailout, hoping this time the proposal will meet with approval from its European partners and stave off a potentially catastrophic …
A significant drop in the long-run interest-rate level that marks a sweet spot for a healthy U.S. economy is making it harder for the Federal Reserve to do its job, a top policymaker said on Thursday. Fiscal authorities can ease this problem by issuing more debt, Minneapolis Fed President Narayana Kocherlakota said in remarks prepared for delivery in Frankfurt. Doing so would push up the so-called long-run neutral real interest
EU antitrust regulators accused MasterCard on Thursday of over-charging non-European cardholders to process their purchases in Europe, the second time the EU has taken on the world’s No. 2 credit and debit card network. The latest move by the European Commission came after a two-year long investigation and is part of its efforts to trim such fees and boost cross-border trade. MasterCard capped its cross-border interchange fees, which are levied
Ariana Grande might have penned a lengthy apology and explanation for her “I hate America” comment and donut-licking activities, but there are two people who have something to say about…
Looks like blondes blues have more fun. After boldly dying her hair bubblegum pink just last month, Kelly Ripa is parting ways with the rosy locks (which had almost faded back to her…