Apple's second-quarter revenue forecast misses estimates, shares fall

(Reuters) – Apple Inc’s (AAPL.O) revenue forecast for the second quarter on Thursday was below market expectations, adding to concerns of a plateau in demand for its newer iPhones, including the anniversary edition iPhone X. The company forecast second-quarter revenue between $ 60 billion and $ 62 billion, while analysts on average were expecting $ […]

Fed leaves rates unchanged, sees inflation rising this year

WASHINGTON (Reuters) – The U.S. Federal Reserve kept interest rates unchanged on Wednesday but said inflation likely would rise this year, bolstering expectations borrowing costs will continue to climb under incoming central bank chief Jerome Powell. Citing solid gains in employment, household spending and capital investment, the Fed said it expected the economy to expand […]

A travel agent is trying to charge fees for sunbeds

A travel agent is trying to charge fees for sunbeds

IN KEEPING with the trend for charging for things travellers used to get free, it should perhaps come as no surprise that sunbeds are the latest feature of a standard holiday on which travel agents are slapping extra fees. Thomas Cook, a British package-holiday firm, has announced that it will allow holidaymakers to pre-book poolside […]

Coffee meets 7UP in Keurig, Dr Pepper Snapple deal

(Reuters) – Keurig Green Mountain has struck a deal worth more than $ 21 billion to combine with soda maker Dr Pepper Snapple Group Inc (DPS.N) to form a North American drinks company with brands like Green Mountain Coffee, 7UP, Snapple and Sunkist. The latest in a five-year string of acquisitions by Keurig’s owner, Luxembourg-based […]

Richemont, the world’s second-biggest luxury firm, bets on digital

Richemont, the world’s second-biggest luxury firm, bets on digital

Clickbait for plutocrats A YOUTUBE video featuring a woman sporting a gold watch and driving a convertible, which has been viewed online nearly 5m times. A social-media “influencer” with more than 11m followers on Instagram posting photos of herself wearing the same timepiece. A limited flash sale of the watch on Net-a-Porter, a website. Purveyors […]

U.S. wage growth, tax-bonuses spark shopping in retail stocks

NEW YORK (Reuters) – U.S. fund managers are betting that rising wages and the effects of the Republican-led corporate tax cut will prove a lifeline to middle-market retailers who have struggled to remain relevant in the age of Amazon. Wells Fargo, CM Advisors and Plumb Funds are among those asset management firms that are increasing […]

U.S. stocks, VIX dance in tandem in break with history

NEW YORK (Reuters) – A rising U.S. stock market normally reduces fear among investors, but the blistering pace of the current rally has instead also driven up the anxiety factor in the market. The S&P 500 Index and the Cboe Volatility Index, which is the main gauge for measuring investor fears that benchmark stocks will […]

Financial regulators too often think “this time is different”

FOR a phenomenon with such predictably bad outcomes, a financial boom is strangely seductive. Not a decade after the most serious financial crisis since the Depression, the world watches soaring markets with a mixture of serenity and glee. Natural impulses make finance a neck-snappingly volatile affair. Governments, though, deserve heaps of blame for policies that […]

S&P 500 dips after choppy session; chipmakers drag Nasdaq

NEW YORK (Reuters) – The S&P 500 was little changed on Wednesday while the Nasdaq lagged in choppy trading in the wake of comments by U.S. Commerce Secretary Wilbur Ross which hinted at action against China in a trade war. Ross said at the World Economic Forum in Davos that U.S. trade authorities were investigating […]

Netflix lifts S&P, Nasdaq; J&J, Procter hold Dow in check

NEW YORK (Reuters) – U.S. stocks advanced on Tuesday, as strong results from Netflix helped lift the S&P and Nasdaq Composite, but the Dow Industrials were hemmed in by declines in Johnson & Johnson and Procter & Gamble. Netflix touched a record high of $ 257.71 and was last up 9.98 percent at $ 250.29, […]

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