US consumer inflation slowed in July
The biggest drop in airline fares in nearly two decades slowed consumer inflation in July following two months of slightly faster gains. The Labor Department said Wednesday that its consumer price index …
MONEY (MSM)
German parliament overwhelmingly approves Greek bailout
Germany’s parliament overwhelmingly approved a third bailout for Greece on Wednesday, removing a key hurdle to providing new loans to the country and keeping it from defaulting on its debts in as little …
Twitter says to accelerate push for content partnerships in Asia
Twitter Inc said on Tuesday it plans to accelerate its push for content partnerships in Asia Pacific and the Middle East. It has appointed a Singapore-based executive, Rishi Jaitly, to boost teams in major markets such as Australia, India, and Japan as well as to expand into Greater China and Southeast Asia, the company said in a statement. Jaitly was previously Twitter’s market director for India and Southeast Asia.
Greece eases capital controls for students and payments
Greeks can now transfer up to 500 euros abroad and pay more towards tuition fees under a new incremental easing of capital controls imposed in June to prevent an implosion of the country’s banking system. Under a ministerial decree issued in the Official Gazette, bank accounts can be opened for debt repayments, while up to 8,000 euros for student tuition and living expenses paid abroad are allowed per academic quarter.
Iran creates uncertainty in oil market
Oil supply is the big weight on oil prices, and Iran’s return to the market is one of the most difficult supply sources to forecast, a survey finds.
Apple, Wynn and Intel among names with big exposure to China
Worried about China’s economy? These companies certainly are!
Home Depot, strong housing data helps Wall St. pare losses
Home Depot rose as much as 3.4 percent to a record high of $123.80 after the home improvement retailer’s quarterly same-store sales increased more than expected. Data on Tuesday showed U.S. housing starts rose to a near eight-year high in July.
Wal-Mart profit misses estimates; cuts outlook as pharmacy margins bite
Wal-Mart lowered its forecast for the year ending in January to a range of $4.40 to $4.70 from its outlook of $4.70 to $5.05 in February. Wal-Mart logged a 1.5 percent increase in U.S. comparable sales at stores open at least a year, raising concerns about whether it can grow revenue fast enough to compensate for increased wage and other expenses. In February Wal-Mart had flagged it would spend $1
Hedge funds do half as well as you think
A new study suggests inherent biases in the way hedge-fund databases compile results have made hedge fund returns appear stronger than they actually are.
States raising taxes, fees and debt to pay for road repairs
JEFFERSON CITY, Mo. (AP) — While Congress remains stalled on a long-term plan for funding highways, state lawmakers and governors aren’t waiting around.