Markets

admin June 16, 2018

Apple Music and Spotify are in the trenches of the “streaming wars” — and Apple is fighting for every inch. Last week, Apple Music announced it was setting up a global music publishing division, raising eyebrows in the music world, with industry insiders wondering what the move meant. Typically, music publishers work with songwriters, helping […]

admin June 16, 2018

America’s birth rate is at its lowest level in three decades. That’s a problem for Pampers and Huggies. Birth rates began dropping in 2008 as the economy sank into a recession. Better access to contraceptives and younger Americans having children later in their lives have extended the decline, the National Center for Health Statistics found. […]

admin June 16, 2018

Americans are spending. A lot. And not just on Amazon. Retail sales rose 0.8% in May, the government reported Thursday — much better than expected. Spending was up 5.9% from a year ago. And the gains were broad: Spending surged at clothing stores, at restaurants and at home-improvement stores such as Home Depot (HD) and […]

admin April 25, 2018

Lending Club misled customers about hidden fees and took money from their accounts without authorization, regulators say. The Federal Trade Commission said the company, which connects borrowers to investors without banks in the middle, “lures” customers with the promise of no hidden fees. Instead, Lending Club deducts money up front — hundreds and sometimes thousands […]

admin April 25, 2018

Click chart for more in-depth data. 1. Facebook’s Wall Street test: Facebook will face the investors for the first time since the Cambridge Analytica scandal erupted. The social media firm will report its first-quarter earnings after the closing bell. CEO Mark Zuckerberg will then answer analysts’ questions on a conference call. Analysts are concerned about […]

admin April 25, 2018

Kyle Bass, the founder and chief investment officer of Hayman Capital Management, will join Richard Quest on CNNMoney’s “Markets Now” on Wednesday. Before he started the investment management company, Bass was a managing director at asset manager Legg Mason and a senior managing director at Bear Stearns. He is also known for anticipating the subprime […]

admin April 24, 2018

Investors were in a rotten mood Tuesday. Seemingly good results from Dow components Caterpillar, Coca-Cola and United Technologies (UTX) didn’t please Wall Street. The Dow closed down 425 points, or 1.7%, after opening with a 130-point gain. At its worst point of the day, the Dow was down more than 600 points. The Dow has […]

admin April 24, 2018

The most widely watched bond rate in the world just hit a milestone. The yield on the 10-year Treasury note, which helps set rates for auto loans, mortgages and other lending, climbed to 3% on Tuesday for the first time since 2014. For Americans, that means borrowing costs are on the way up. For Wall […]

admin April 24, 2018

The most widely watched bond in America is close to a barrier that could cause trouble for the markets. The rate on the 10-Year US Treasury note is this close to topping 3% — a yield that it hasn’t reached in more than four years. It hit 2.9957% Monday morning before pulling back a bit. […]