The surprise gain in retail sales, which account for about 30 percent of consumer spending, was the latest sign of resilience in an economy that has been hit by belt-tightening in Washington as the government tries to cut its budget deficit
|
Tonights Featured Hot Topic
|
||
|
| Amount |
Retail sales gain shows some strength in economy
The surprise gain in retail sales, which account for about 30 percent of consumer spending, was the latest sign of resilience in an economy that has been hit by belt-tightening in Washington as the government tries to cut its budget deficit
Share
Gold heads for seventh straight loss
Gold for June delivery GCM3 -0.77% fell $13.30, or nearly 1%, to $1,373.60 an ounce.
The precious metal is down 4.4% this week so far, dropping be
Share
U.K. House-Price Gauge Rises to Highest in Almost Three Years
The index rose to 1 from minus 2 in March, the first reading above zero since June 2010, London-based RICS said in an e-mailed report today, citing a monthly poll of property surveyors. A positive n
Share
Japan GDP trumps expectations under Abenomics
Japan's economy grew at an annual rate of 3.5% in the first three months of 2013, Japan's Cabinet Office said Thursday. The expansion was much quicker than the 2.7% increase expected by analysts.
Share
Europeans still back austerity
The sentiment expressed in a Pew Research Center survey comes as EU leaders signal their willingness to relax the pace of austerity, alarmed by record unemployment and forecasts of a second consecutive year of contraction f
Share
After Google, Amazon to be grilled on UK tax presence
Internet retailer Amazon.com Inc. will be called back to the British parliament to clarify how its activities in the UK justify its low corporate income tax bill, two lawmakers told Reuters.
Amazon will follow search giant Google, which attended another grilling by parliament's Public Affairs Committee (PAC) over its tax affairs on Thursday. A Reuters report earlier this month raised questions
Share
German ZEW Indicator Remains Unchanged
Share
U.S. Stock Futures Rise Before Leading Indicators Data
Yahoo! Inc. may move after a Mexican court reduced the fine the largest U.S. Web portal must pay in a lawsuit related to a Yellow Pages listing service. Sina Corp. jumped 4.7 percent in early New York
Share
Pound Advances From Six-Week Low Versus Dollar Before BOE Report
The U.K. currency strengthened for the first time in four days against the euro before separate data that economists say will show jobless claims fell in April, adding to signs Britain’s economy is improving. Barclays Plc and RBC Capital
Share
Oil Price-Fixing Probe Widens as Neste Helps EU Inquiry
The widening investigation comes as Pannonia Ethanol, a Hungarian biofuel producer, said it lodged a complaint with the European Commission last year after data-pricing company Platts denied
Share
Wall Street’s gambler brain lacks moral conscience
How? Wall Street gets rich by stealing money from America’s 95 million investors. Yes, they steal, skim, scam, siphon off your money, using the neurosciences that a decade ago promised to level the playing field for investors. But today it’s worse.
T
Share
Tokyo futures drop for 4th day on stimulus caution
FUNDAMENTALS
* The key Tokyo Commodity Exchange (TOCOM) rubber contract for October delivery was trading 1.4 percent lower at 278.3 yen per kg as of 0028 GM
Share
HSBC Signals 14,000 Jobs Cuts in $3 Billion Savings Plan
The bank expects to reduce the number of employees to as few as 240,000 over the next three years, Gulliver told reporters on a conference call today as he updated investors on his
Share
Oil below $104 on demand worries, strong dollar
Three regional Federal Reserve officials called for the U.S. central bank to stop buying mortgage-backed bonds, leading to gains in the dollar. A stronger dollar makes dollar-denominated commodities more ex
