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Economy Needs Workers, but Drug Tests Take a Toll

Economy Needs Workers, but Drug Tests Take a Toll

YOUNGSTOWN, Ohio — Just a few miles from where President Trump will address his blue-collar base here Tuesday night, exactly the kind of middle-class factory jobs he has vowed to bring back from overseas are going begging. It’s not that local workers …

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Sovereign Wealth Funds ‘Ring-Fence’ U.K. Assets Ahead of Brexit

Sovereign Wealth Funds ‘Ring-Fence’ U.K. Assets Ahead of Brexit

Northern Trust says 30%-40% want to segregate their assets Asset management chief says Brexit will be ‘tough’ for economy Northern Trust Asset Management’s largest clients including sovereign wealth funds are separating their U.K. assets from their …

Armani Streamlines Its Brands, Store Network as Sales Drop

Armani Streamlines Its Brands, Store Network as Sales Drop

Sales fell 5% last year in first annual decline since 2009 Giorgio Armani SpA is pushing ahead with plans to streamline its brands and store network after the Italian fashion brand recorded its first annual sales decline since 2009. The Milan-based company …

Abu Dhabi Ports Weighs IPO Amid U.A.E. Listing Spree

Abu Dhabi Ports Weighs IPO Amid U.A.E. Listing Spree

Abu Dhabi Ports Co. is considering an initial public offering, joining a growing list of state entities in the United Arab Emirates seeking to sell shares, according to people familiar with the matter. The government-run ports operator has met with …

McDonald's Boosts Customer Traffic in Critical Milestone for CEO

McDonald’s Boosts Customer Traffic in Critical Milestone for CEO

McDonald’s Corp. is getting customers back into its restaurants after years of declining traffic, helped by drink deals and more upscale burgers. The company saw an increase in U.S. diners last quarter – a key milestone that has proved elusive to Chief …

Caterpillar profit jumps 46%, boosts forecast

Caterpillar profit jumps 46%, boosts forecast

Caterpillar reported a 46 percent jump in quarterly profit on Tuesday, helped by strength in its construction and resources businesses, and raised its profit outlook for the year. Continue Reading Below Shares of the world’s biggest construction and mining …

Are Americans really driving less?

Are Americans really driving less?

“Americans are Driving Less” – at least that’s what the headline of a recent press release from the National Association of Insurance Commissioners (NAIC) said. However, it seems the rule-making body for America’s insurance industry, which supposedly …

Barnes & Noble surges after activist investor tells the bookstore chain to sell itself

Barnes & Noble surges after activist investor tells the bookstore chain to sell itself

Activist investor Sandell Asset Management Corp on Tuesday urged U.S. bookstore chain operator Barnes & Noble Inc to sell itself. Sandell, which said it had accumulated a “meaningful” stake in Barnes & Noble, said the company could fetch a price of $12 per …

DuPont Gets Boost From Farmers With Dow Merger Set to Close

DuPont Gets Boost From Farmers With Dow Merger Set to Close

DuPont Co.’s agriculture operations gave a boost to second-quarter earnings, buoying prospects for the company’s largest business ahead of the planned completion next month of the historic $75 billion merger with Dow Chemical Co. Seed sales climbed as …

GM’s Focus on Selling to Actual Consumers Paying Off for Profits

GM’s Focus on Selling to Actual Consumers Paying Off for Profits

General Motors Co.’s strategy of shunning discounted sales to rental-car companies to focus on more profitable deliveries of pickups and SUVs to U.S. consumers is boosting its bottom line. Adjusted earnings of $1.89 per share in the three months ended in …

S&P futures edge up, as Biogen leads the way higher after earnings

S&P futures edge up, as Biogen leads the way higher after earnings

McDonald’s earnings report will be watched for the effect of menu changes on sales. U.S. stock-index futures signaled a small rise at the open Tuesday, as an earnings-driven premarket gain for Biogen Inc. helped offset drops for Alphabet Inc. and …

Nobody Really Knows What the Fed Does, But They Think It’s Bad Anyway

Nobody Really Knows What the Fed Does, But They Think It’s Bad Anyway

Americans might be a little fuzzy on exactly what the Federal Reserve is and why the central bank’s activities matter, but many do believe it’s not working as well as it should. “When we’re talking about the Fed, not everyone knows exactly what it …

Shale Boom May Finally Have Succumbed to Oil’s Price Slump

Shale Boom May Finally Have Succumbed to Oil’s Price Slump

Oil’s bear market may finally be taking its toll on the shale boom. Hours after Halliburton Co. warned Monday that explorers are “ tapping the brakes” on drilling, Anadarko Petroleum Corp. said it’s trimming spending in the first earnings report this …

New Board Members Agree BOJ Is Far From Talking About Exit Plan

New Board Members Agree BOJ Is Far From Talking About Exit Plan

The Bank of Japan’s two new board members said it’s too early to talk about any exit from the current monetary stimulus program because inflation is far below target, echoing the view of Governor Haruhiko Kuroda. “Before any exit strategy we must …

Jeremy Corbyn insists Labour must keep option of staying in the customs union

Jeremy Corbyn insists Labour must keep option of staying in the customs union

Jeremy Corbyn and his shadow International Trade Secretary Barry Gardiner. Dan Kitwood / Getty Exclusive: Jeremy Corbyn distances himself from comments by a senior member of his own Brexit team. Shadow International Trade Secretary Barry Gardiner called …

U.K. Factory Production Hits Two-Decade High as Exports Grow

U.K. Factory Production Hits Two-Decade High as Exports Grow

U.K. factory production reached a two-decade high last quarter as optimism about export orders swelled to the highest since the 1970s. A Confederation of British Industry survey showed the volume of output rapidly grew in the three months to July, with …

The Chipotle Corporate Sabotage Theory Returns

The Chipotle Corporate Sabotage Theory Returns

Yet another outbreak of foodborne illness last week at Chipotle Mexican Grill did what it usually does to the burrito chain: The stock price plummeted. It’s bad news—particularly for the patrons who got sick—but it’s a boon for anyone that had the …

South Korea shifts gears, aims at more labor-friendly growth

South Korea shifts gears, aims at more labor-friendly growth

South Korea’s new leadership has promised to help many left behind as the country grew prosperous, laying out a new five-year economic plan that promises to boost incomes and improve the country’s sagging social safety net. The labor-friendly economic …

Kumba Resumes Dividend as Earnings Jump After Iron Ore Recovery

Kumba Resumes Dividend as Earnings Jump After Iron Ore Recovery

Kumba Iron Ore Ltd. will resume dividends for the first time in two years after higher ore prices earlier this year and more efficient production helped boost first-half earnings by 53 percent. The shares rallied. Iron ore reached a three-year high of more …

How Amazon uses

How Amazon uses “surge pricing,” just like Uber

Consumers looking for the best deals on everything from clothing to TVs have been well trained to price-check online, often starting at e-commerce behemoth Amazon (AMZN), which trumpets its aim to match “the lowest prices.” But beware. So-called “dynamic …

Economy Needs Workers, but Drug Tests Take a Toll

Economy Needs Workers, but Drug Tests Take a Toll

YOUNGSTOWN, Ohio — Just a few miles from where President Trump will address his blue-collar base here Tuesday night, exactly the kind of middle-class factory jobs he has vowed to bring back from overseas are going begging. It’s not that local workers …

Fevertree Drinks Shares Soar as Tonic Maker's Earnings Double

Fevertree Drinks Shares Soar as Tonic Maker’s Earnings Double

Fevertree Drinks Plc, whose tonic waters have been boosted by U.K. bartenders pairing them with small-batch gin, surged in London after saying first-half earnings doubled and full-year results will beat expectations. The stock soared as much as 11 percent …

Appalachian States Look Past Coal, Ask Trump to Aid Natural Gas

Appalachian States Look Past Coal, Ask Trump to Aid Natural Gas

Having lost tens of thousands of coal mining jobs to the rise in natural gas, several states have decided if you can’t beat them, join them. A bipartisan group of lawmakers hopes to persuade President Donald Trump to spare a loan program he wants to kill …

FTSE 100 advances with oil stocks up; Jimmy Choo rallies

FTSE 100 advances with oil stocks up; Jimmy Choo rallies

U.K. blue-chip stocks advanced Tuesday, with well-received corporate updates and gains for oil producers helping the market’s benchmark chip away at a sharp loss logged in the previous session. The FTSE 100 index UKX, +0.74% popped up 0.5% to 7,413,89 …

Shares in Acacia Mining plummeted 14% after being hit with a huge $190 billion fine

Shares in Acacia Mining plummeted 14% after being hit with a huge $190 billion fine

Employees push a trolley laden with crates of one kilogram gold bars at the YLG Bullion International Co. headquarters in Bangkok, Thailand. Getty Images/Dario Pignatelli/Bloomberg LONDON – Tanzania has accused Acacia Mining of under-reporting its …

State Airline Asked South Africa for $772 Million, Minister Says

State Airline Asked South Africa for $772 Million, Minister Says

South African Airways asked the government for 10 billion rand ($772 million) as part of a recapitalization plan aimed at returning the state-owned carrier to profit, according to Finance Minister Malusi Gigaba. The request was included in a one-year …

Sasol Profit Falls on Strong Rand as Secunda Output Hits Record

Sasol Profit Falls on Strong Rand as Secunda Output Hits Record

Sasol’s headline EPS drops by 11% to 21% in year through June Sasol Ltd., the world’s biggest producer of fuel from coal, said its Secunda synfuels operations posted record full-year output, even as a stronger rand and a recession-hit South African …

Michael Kors to Buy Shoemaker Jimmy Choo for $1.2 Billion

Michael Kors to Buy Shoemaker Jimmy Choo for $1.2 Billion

Michael Kors Holdings Ltd. agreed to buy Jimmy Choo Plc for about 896 million pounds ($1.2 billion), clinching the London-based maker of strappy stilettos, handbags and perfume. The handbag maker will pay 230 pence a share for the luxury shoemaker, a …

A health insurer that specializes in Obamacare is eliminating 1,400 jobs

A health insurer that specializes in Obamacare is eliminating 1,400 jobs

(Reuters) - Molina Healthcare, a health insurer that specializes in the Obamacare and Medicaid healthcare programs for low-income and poor people, plans to cut about 1,400 jobs in the next few months, according to an internal company memo reviewed by Reuters.

10 things you need to know in markets today

10 things you need to know in markets today

British Foreign Secretary Boris Johnson (left) holds a lizard during a visit to Zealandia, a wildlife sanctuary area located in Wellington, New Zealand, July 25, 2017. Reuters / Pool Good morning! Here’s what you need to know. 1. Britain’s Foreign …

Citigroup hosts investors for first time since the financial crisis

Citigroup hosts investors for first time since the financial crisis

For the first time since receiving three government bailouts during the 2007-2009 financial crisis, Citigroup on Tuesday is holding a day-long conference for investors, marking another step in the recovery of what was once the biggest U.S. bank. Continue …

More on the 'lie' behind the unemployment numbers

More on the ‘lie’ behind the unemployment numbers

LONDON — Last week, I published a column arguing that the official definition of “unemployment” used by the UK government masked the true level of joblessness and under-employment in the economy by ignoring a large number of people who don’t have jobs.

'Pharma bro' Shkreli says he will not testify in securities fraud trial

’Pharma bro’ Shkreli says he will not testify in securities fraud trial

Martin Shkreli, the pharmaceutical entrepreneur vilified as the “pharma bro” for raising the price of a life-saving drug by 5,000 percent, said on Monday in federal court that he would not testify in his securities fraud trial. Continue Reading Below …

Trump's Interior Department plans to chop months off wait-times for oil-drilling permits

Trump’s Interior Department plans to chop months off wait-times for oil-drilling permits

The Department of Interior plans on cutting wait times for oil and natural gas drilling permits on public lands to just 30 days, according to a senior agency official. “We do want to shrink it down to 30 days and to make all the processes as short as …

Barnes & Noble investor Sandell presses for bookseller's sale

Barnes & Noble investor Sandell presses for bookseller’s sale

An activist investor wants Barnes & Noble Inc. to try again to sell itself, arguing the bookseller needs an owner who can invest in its beleaguered operations. Continue Reading Below Sandell Asset Management has recently started buying a stake in the New …

One depressing reason millions of people are locked out of the American Dream

One depressing reason millions of people are locked out of the American Dream

Millions of families are living in perpetual financial insecurity. Low-income families are still unable to accrue enough savings to see themselves through a period of joblessness. Some 37% of those households are “liquid asset poor,” based on the …

Global construction comeback to lift Caterpillar's stock to new record, BMO says

Global construction comeback to lift Caterpillar’s stock to new record, BMO says

Caterpillar shares have jumped this year amid improving global growth. BMO Capital Markets analyst Joel Tiss says the stock could run 17 percent higher. Tiss expects construction demand to recover, while Caterpillar’s management cuts costs and focuses on …

Oil prices will be stuck below $60 through 2020, Credit Suisse forecasts

Oil prices will be stuck below $60 through 2020, Credit Suisse forecasts

Credit Suisse on Monday cut its long-term oil price forecast by $5 to $57.50 in 2020. Oil markets won’t reach the long-awaited balance between supply and demand until 2019, the bank said. Analysts once believed an agreement by oil producers to pump less …

Activist investor Sandell presses for Barnes & Noble sale: WSJ

Activist investor Sandell presses for Barnes & Noble sale: WSJ

A customer leaves the Barnes & Noble store in Westminster Thomson Reuters (Reuters) - Activist investor Sandell Asset Management Corp wants Barnes & Noble to try to sell itself again, saying the bookstore chain will benefit from a new owner, the Wall …

Would-be buyers struggling to find homes

Would-be buyers struggling to find homes

WASHINGTON – Surging U.S. housing prices and a shortfall of available properties are putting a dent in home sales. The National Association of Realtors said sales of existing homes slipped 1.8 percent in June to a seasonally adjusted annual rate of 5.52 …

'I'm trimming these names': See why Kevin O'Leary is pulling back from FANG stocks

’I’m trimming these names’: See why Kevin O’Leary is pulling back from FANG stocks

The FANG stocks have pulled the S&P 500 to record highs. Investor Kevin O’Leary says he’s pulling back from the four tech giants. O’Leary says doing so could help “reduce the back end of the year’s volatility.” The temptation to keep betting on the fastest …

Videos

Elon Musk: We should regulate AI to keep public safe

Elon Musk: We should regulate AI to keep public safe

Smog-eating tower cleans Beijing's air

Smog-eating tower cleans Beijing’s air

Smog-eating tower cleans Beijing's air

Smog-eating tower cleans Beijing’s air

What's the difference between electric and electrifi...

What’s the difference between electric and electrifi…

'Made in Germany' or 'Made in Collusion?...

’Made in Germany’ or ‘Made in Collusion?…

Ryanair departing Britain over Brexit?

Ryanair departing Britain over Brexit?

$274M wind farm floating off Scotland

$274M wind farm floating off Scotland

IMAX CEO Richard Gelfond On 'Dunkirk': This Worked So Well In IMAX, We'll See More Like It | CNBC

IMAX CEO Richard Gelfond On ‘Dunkirk’: This Worked So Well In IMAX, We’ll See More Like It | CNBC

Donald Trump: Obamacare Has Wreaked Havoc On Americans | CNBC

Donald Trump: Obamacare Has Wreaked Havoc On Americans | CNBC

Microsoft Paint: A retrospective

Microsoft Paint: A retrospective

President Donald Trump: We Must Fulfill Promise To Repeal And Replace Obamacare | CNBC

President Donald Trump: We Must Fulfill Promise To Repeal And Replace Obamacare | CNBC

Crypto Investors Flock To A Market Where Tech Giants Amazon, Google And Facebook Are Absent | CNBC

Crypto Investors Flock To A Market Where Tech Giants Amazon, Google And Facebook Are Absent | CNBC

Tequila Avion President On The Booming Spirits Business | CNBC

Tequila Avion President On The Booming Spirits Business | CNBC

Hiring Smooth-Talking Scaramucci As A Mouthpiece Won't Pull The White House Out Of Its Rut | CNBC

Hiring Smooth-Talking Scaramucci As A Mouthpiece Won’t Pull The White House Out Of Its Rut | CNBC

Goldman Sachs Reveals Favorite Stocks For The Rest Of 2017 | CNBC

Goldman Sachs Reveals Favorite Stocks For The Rest Of 2017 | CNBC

Dwayne 'The Rock' Johnson Teamed Up With Apple For A New Commercial Promoting Siri | CNBC

Dwayne ‘The Rock’ Johnson Teamed Up With Apple For A New Commercial Promoting Siri | CNBC

How The Travel Industry Should Cash In On Millennials | CNBC

How The Travel Industry Should Cash In On Millennials | CNBC

President Donald Trump Is Considering Pardoning Himself - Is It Legal? | CNBC

President Donald Trump Is Considering Pardoning Himself - Is It Legal? | CNBC

Helix: An 'App' Store For Your DNA | CNBC

Helix: An ‘App’ Store For Your DNA | CNBC

Tru Optik CEO: Keeping Tabs On Who's Watching Netflix | CNBC

Tru Optik CEO: Keeping Tabs On Who’s Watching Netflix | CNBC

Amazon Vs. Blue Apron: Meal Kit Showdown | CNBC

Amazon Vs. Blue Apron: Meal Kit Showdown | CNBC

Lyft To Hit Road With Self-Driving Cars | CNBC

Lyft To Hit Road With Self-Driving Cars | CNBC

Smog-eating tower cleans Beijing's air

Smog-eating tower cleans Beijing’s air

Anthony Scaramucci Will Need To Work Behind The Scenes At White House: Burson-Marsteller CEO | CNBC

Anthony Scaramucci Will Need To Work Behind The Scenes At White House: Burson-Marsteller CEO | CNBC

KKR To Buy WebMD In $2.8 Billion Deal | CNBC

KKR To Buy WebMD In $2.8 Billion Deal | CNBC

Amazon Increases Lobbying Efforts | CNBC

Amazon Increases Lobbying Efforts | CNBC

Anthony Scaramucci: The President Is phenomenal With The Press | CNBC

Anthony Scaramucci: The President Is phenomenal With The Press | CNBC

New York To DC In 29 Minutes? Elon Musk Wants To Make It A Reality | CNBC

New York To DC In 29 Minutes? Elon Musk Wants To Make It A Reality | CNBC

Here's What To Expect From Alphabet Earnings | Trading Nation | CNBC

Here’s What To Expect From Alphabet Earnings | Trading Nation | CNBC

Consumer Watchdog Accuses Amazon Of Deceptive Discounting | CNBC

Consumer Watchdog Accuses Amazon Of Deceptive Discounting | CNBC

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