The GOP's real pickle: If/when Trump bows out
The only thing more difficult for Republicans than a Donald Trump in the race may be a Trump who’s no longer in the race.
MONEY (MSM)
US pending home sales slip in June
The number of signed contracts to buy homes fell in June, as limited supplies of homes on the market are holding back possible sales growth. The National Association of Realtors said Wednesday that its …
We're still in 'balance sheet recession': Roach
American consumers are still unwilling to really spend money and that’s the main reason the U.S. economy has not recovered faster, influential economist Stephen Roach tells CNBC.
Greek PM says will not implement measures beyond those set at summit
Greek Prime Minister Alexis Tsipras said on Wednesday that his government would not implement reform measures beyond what was agreed with lenders at a euro zone summit earlier this month. “I know well the framework of the deal we signed at the euro zone summit on July 12,” Tsipras told Sto Kokkino radio. Tsipras also said the country would report a primary budget balance that breaks even or registers a
MasterCard's revenue misses estimates on higher incentives
Shares of MasterCard, which operates the world’s second largest payment network, fell about 3 percent in premarket trading on Wednesday. MasterCard charges companies using its payment network for transactions on cards that carry its brands. The company usually pays higher incentives to its partners than larger rival Visa Inc (V.N).
Microsoft launches Windows 10 with an eye on mobile market
Windows 10, which comes almost three years after the launch of the company’s last operating system, will be available in 190 countries as a free upgrade for users of Windows 7, Windows 8.1 and Windows Phone 8.1. The new operating system is designed to work across laptops, desktop and smartphones and is part of Chief Executive Satya Nadella’s push toward breaking Apple Inc (AAPL.O) and Google Inc’s (GOOGL.O) stranglehold in
Fed is likely to delay 1st rate hike in 9 years a bit longer
The Federal Reserve is moving toward raising interest rates from record lows — just not likely yet. On Wednesday, when it ends its latest policy meeting, Fed officials will issue a statement that will …
Alibaba cloud unit sets sights on Amazon in $1 billion global push
China’s Alibaba Group Holding Ltd said on Wednesday it would invest $1 billion into its Aliyun cloud computing arm to challenge Amazon.com Inc’s lucrative Web Services division, opening a global front in the battle between the two e-commerce giants. With the global cloud computing market estimated by analysts to be worth about $20 billion, Alibaba said in a statement the investment would go toward setting up new Aliyun data centres
GM to invest $1 billion in India to boost exports
General Motors Co said on Wednesday it will invest $1 billion over the next few years to turn India into a global export hub, even as it cuts production capacity in the country due to sluggish demand. The Detroit carmaker, which has the capacity to produce more than 280,000 cars a year in India, will reduce this to 220,000 a year by 2025 as it stops making cars at one
Gold demand weakest since 2009 in Q2 as Chinese turned to stocks-GFMS
Demand for gold slid to its lowest in six years in the second quarter of this year as buyers from top consumer China poured funds into its now troubled equities market, an industry report showed on Tuesday.