Interest rate rise: turning point looms for US debt binge
With the prospect of steadily higher interest rates and a $4 trillion mountain of debt maturing over the next five years, corporate America’s reliance on cheap cash is about to get tested.
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The crazy stocks that correlate with Apple
In the past year, stocks such as Illinois Tool Works and Honeywell have the highest correlation to Apple stock, surprising compared to big tech names.
Yahoo and the IRS, Apple's big event and McDonald's goes cage free
Yahoo Finance’s Midday Movers is live each weekday at 12pm ET, covering all the latest news on the markets, the economy and the biggest stories of the day.
Record high U.S. job openings point to skills shortage
Job openings, a measure of labor demand, increased 430,000 to a seasonally adjusted 5.8 million, the Labor Department said in its monthly Job Openings and Labor Turnover Survey on Wednesday. “The data now signal unambiguously that the labor market is unable to supply the people companies need. Usually, that means wages will accelerate, though the evidence for that now is mixed,” said Ian Shepherdson, chief economist at Pantheon Macroeconomics
Plaque dedicated at country singer Patsy Cline's former home
FREDERICK, Md. (AP) — A plaque has been placed in front of a Frederick home where legendary country singer Patsy Cline once lived.
Apple to show off new iPhones, Apple TV on Wednesday
By Julia Love SAN FRANCISCO (Reuters) – With its highly profitable iPhone due for an upgrade, Apple is expected to unveil a pair of new handsets at an event in San Francisco on Wednesday, analysts say, in addition to showing off a larger iPad and an updated Apple TV. When Apple executives take the stage at the Bill Graham Civic Auditorium, investors will be scrutinizing their plans for the next
Barnes & Noble sales fall for fifth straight quarter
Barnes & Noble Inc, the largest U.S. bookstore chain, reported a decline in sales for the fifth successive quarter as lower demand for its Nook tablets and online books compounded a protracted slump in sales at its stores. The company’s shares fell as much as 16.6 percent on Wednesday. In recent years, stiff competition from online retailers such as Amazon.com Inc has eaten into sales at Barnes & Noble’s bookstores
Tax concerns on Yahoo's Alibaba stake spinoff prompt target cuts
(Reuters) – Wall Street analysts tempered their view on Yahoo Inc’s stock after the company’s plans for a tax-free spinoff of its stake in Alibaba Group Holdings Ltd hit a snag. Yahoo said on Tuesday the U.S. Internal Revenue Service (IRS) denied its request for a private letter ruling (PLR) on a possible tax-free deal that could fetch it $23 billion. The spinoff is planned for later this year.
Jeb Bush: My tax plan will push growth to 4%
Jeb Bush tells CNBC his tax plan would help fuel growth by empowering Americans and creating an environment for investment.
Macy's to close 35-40 underperforming stores in early 2016
The annual sales volume of the stores, net of sales expected to be retained in nearby stores and online, is expected to be about $300 million, the company said in a statement. The company, which operates 770 Macy’s stores, said the store closures would be early next year and that it would announce the locations of the affected stores on a later date. Globally, Macy’s operates a total of 885