U.S. non farm productivity rebounded in the second quarter, but a weak underlying trend suggested inflation could pick up more quickly than economists have anticipated. Productivity increased at a 1.3 …
U.S. non farm productivity rebounded in the second quarter, but a weak underlying trend suggested inflation could pick up more quickly than economists have anticipated. Productivity increased at a 1.3 …
Analysts and investors have long sought more granular detail on Google’s capital spending and cash flow, as well the financial performance of YouTube and the Android operating system. Google said on Monday it would split into two reporting companies under a new holding company called Alphabet. Google shares were up 5.7 percent at $701 in premarket trading as investors looked forward to a new era of transparency.
US officials charged nine people in an international hacking and insider trading conspiracy that yielded more than $30 million in illegal trading on stocks based on non-public information, officials announced Tuesday. The scheme was engineered by a team of hackers and securities traders from Ukraine and the US states of Georgia, Pennsylvania and New York, according to an indictment released by the US Attorney’s office in New Jersey. Defendants then
Oil fell on Tuesday on concerns of weaker demand from China after the world’s top energy consumer devalued its currency and as OPEC signalled supplies from rivals were proving more resilient than expected to low prices. China’s central bank made a “one-off depreciation” of nearly 2 percent in the yuan after a run of poor economic data, guiding the currency to its lowest point in almost three years. A slowdown
U.S. small business confidence rebounded in July from a 15-month low as owners anticipated solid sales and inventory growth, providing another boost to the economic outlook for the third quarter. Tuesday its Small Business Optimism Index increased 1.3 points to 95.4. About 1,495 businesses took part in the survey.
Tata Steel Ltd said on Tuesday import pressures on the Indian and European steel industries could intensify following the devaluation of the yuan, as a flood of cheap imports from China continues to impact profitability. Tata Steel, which said net profit in the June quarter more than doubled on the back of a one-time gain, has been hit by a combination of a slowdown in China and a devaluation of
A signature financial instrument of the pre-financial crisis real estate boom is about to come due. And for some large real estate owners that could mean trouble.
Software company Adobe Systems Inc. said on Monday it is doubling the maternity leave it grants, making it the third company in the U.S. technology industry in a week to give new parents more paid time off. New mothers at the California-based firm will receive 26 weeks of paid leave, up from 12 weeks, and primary caregivers and new parents will get 16 weeks of paid parental leave. “We join
U.S. stocks traded about 1 percent higher as encouraging developments in Greece and a Warren Buffett acquisition boosted sentiment.
