Kansas City Star PG&E Guilty of Safety Violations Stemming From Fatal BlastBloombergPG&E Corp. was found guilty of safety violations six years after one of its natural gas pipelines blew up and killed eight people in California. The verdict reached Tuesday by a San Francisco federal court jury stains the reputation of California's …California Utility Found […]
Washington Post Presidential candidates offer platitudes but no real plans to help black and Latino votersWashington PostTo hear the presidential candidates tell it, the future for African Americans and Latinos will be great. More jobs. Better schools. Affordable housing. Fewer inmates. Less killing. More equality. But hardly anyone ever asks how they intend to make […]
CNBC OPEC using 'smoke and mirrors' to boost oil pricesCNBCJust the whiff of an OPEC meeting has driven oil prices higher, squeezed shorts in the futures market — and made further inaction by the cartel more likely. But that hasn't stopped market chatter that the Organization of Petroleum Exporting Countries …Oil Falls on US Production […]
Reuters US productivity falls for third consecutive quarterReutersWASHINGTON U.S. worker productivity fell for the third straight quarter in the spring this year, suggesting that corporate profits may continue to decline and wage growth may remain sluggish. The Labor Department said on Tuesday that productivity …Why Did Productivity Fall? Look To The Price of Oil and […]
Wall Street Journal UK Retail Sales Defy Brexit VoteWall Street JournalLONDON—U. K. retail sales increased in July, according to a survey by a retail trade group, an early indicator that consumers didn't slow spending in the immediate wake of Britain's vote to leave the European Union. The upbeat data follow a series of …UK retail spending […]
TheBull.com.au German Industry Output Rises as Factories Shrug Off Brexit WoesBloombergGerman industrial production increased in June, signaling that Europe's largest economy gained momentum ahead of the U.K.'s Brexit vote. Production, adjusted for seasonal swings, rose 0.8 percent from the previous month, when it dropped a revised 0.9 …German June industrial output stronger than seenMarketWatchEconomyGerman factories enjoy […]
Reuters Disappointing China July imports suggest cooling domestic demandReutersBEIJING China's exports and imports fell more than expected in July in a rocky start to the third quarter, pointing to further weakness in global demand in the aftermath of Britain's decision to leave the European Union. Imports fell 12.5 percent from …China Exports Slide on Weak […]
Financial Express Hacked Bitcoin Exchange Getting Back Online After Users Lose 36%BloombergThe Hong Kong-based bitcoin exchange that lost about $71 million to hackers said it is beginning to bring its system back online, after telling users they will lose 36 percent of their deposits. Start your day with what's moving markets. Get our …Theft And […]
The Inquisitr Walmart Declares War On Amazon, Makes Biggest E-Commerce Purchase In History To Compete With Online RetailerThe InquisitrWalmart has officially made the biggest e-commerce purchase in history spending $3 billion on Jet.com. The move comes as Walmart gears up to take on online retail giant Amazon. The purchase is designed to bolster Walmart's struggling […]
Wall Street Journal Gawker, Hulk Hogan in Settlement Talks Over Invasion-of-Privacy CaseWall Street JournalGawker Media Group is engaged in preliminary talks with the former professional wrestler known as Hulk Hogan to reach a settlement over a $140 million invasion-of-privacy judgment that forced the digital media company into bankruptcy, according to two …Gawker, Hulk Hogan in settlement […]