MONEY (MSM)
New orders for U.S. factory goods unexpectedly fell in April as demand for transportation equipment and a range of other goods weakened, suggesting that manufacturing remained constrained by a strong dollar and spending cuts in the energy sector. New orders for manufactured goods slipped 0.4 percent after a slightly upwardly revised 2.2 percent increase in March, the Commerce Department said on Tuesday. Manufacturing, which accounts for about 12 percent of
Wal-Mart is raising starting wages for more than 100,000 U.S. department managers and workers in its deli and other specialized departments. The moves mark the next wave of pay raises by the nation’s largest …
The biggest U.S. automakers all beat estimates for domestic light-vehicle sales in May. General Motors Co.’s deliveries for the month were the best since 2007 while Fiat Chrysler’s were the highest in a decade as Memorial Day promotions helped boost demand. Fiat Chrysler Automobiles NV said U.S. sales rose 4 percent last month as deliveries of Chrysler 200 sedans soared, complementing demand for Jeep SUVs and Ram pickups. Ford Motor
How effective have central bank stimulus efforts been, and how close are they to being curtailed?
LONDON/HONG KONG (Reuters) – HSBC Holdings Plc (HSBA.L) could announce thousands of job cuts at a strategy day next week, Sky News reported on Monday, part of chief executive Stuart Gulliver’s overhaul of Europe’s biggest bank. The plan could also see Gulliver sell operations in Brazil and Turkey and take a knife to HSBC’s investment bank. An estimated 10,000 to 20,000 jobs will be axed, Sky News said, citing unidentified
American Apparel Inc said it was granted a restraining order against ousted Chief Executive and founder Dov Charney. The order temporarily restrains him from breaching terms of a standstill agreement signed …
Wal-Mart is raising starting wages for more than 100,000 U.S. department managers and workers in its deli and other specialized departments. The moves mark the next wave of wage hikes by the nation’s largest …
U.S. stock index futures declined on Tuesday, ahead of reports on U.S. auto sales and April factory orders.
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.
Stocks aren’t cheap, but money is. Debt and the M&A cycle are starting to bring out buyers for a market that’s been rising for six years.
