Are red or blue states better job creators?
When it comes to political bragging rights about job creation, a CNBC analysis of state level jobs data shows a slight advantage for this party.
Musk to invest $20 million in Tesla's $500 million share sale
Tesla Motors Inc CEO Elon Musk will invest $20 million as part of the company’s $500 million stock offering in a show of confidence at a time when the electric car maker is burning through cash. Tesla …
Harvard student loses Facebook gig for app that shows flaws
A Harvard University student says he lost his internship at Facebook after he launched a browser application that exploited privacy flaws on its mobile messenger. Aran Khanna’s app showed that users of …
Coca-Cola names company veteran to new No. 2 position
Coca-Cola said Thursday it named company veteran James Quincey as president and chief operating officer, creating a new No. 2 position in its chain of command. The world’s largest beverage company says …
Analysts cut Alibaba share price targets as China e-commerce growth slows
Analysts have cut their price targets for Alibaba Group Holding Ltd shares after the stock fell to a post-flotation low on Wednesday on weak earnings and concerns over China’s economy. Alibaba’s shares are now at $73.38, hovering just above their initial public offering price of $68. The average target price fell from $106.82 on Tuesday to $99.09 on Thursday, according to a Thomson Reuters survey of 46 analysts.
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Oil majors' $60 billion cuts don't go far enough as crude slides
The $60 billion of oil-industry spending cuts this year won’t be enough as crude languishes near a six-year low. The world’s biggest producers will need to trim investments by a further $26 billion to meet sacrosanct dividend payments.
China tries to dampen fears of more big devaluations
China tried Thursday to ease fears of more big declines for the yuan as companies from global automakers to Chinese clothing exporters faced a new era of uncertain exchange rates. There is “no basis …
US retail sales rise in July, aided by autos and restaurants
Americans bought more cars, restaurant meals and building supplies in July, as the spending points to steady economic growth anchored by the improving job market. The Commerce Department said Thursday …
Dow death cross is a bearish omen for the stock market
A rare death-cross pattern has appeared in the chart of the Dow Jones Industrial Average, suggesting a new longer-term downtrend may have already started.
