Apple stock heads for best four days since 2014; short sellers flee
SAN FRANCISCO (Reuters) – Apple extended its Wall Street rally on Thursday, with enthusiasm over demand for its newest iPhone putting the stock on track for its strongest four-day streak in over two years and clobbering short sellers who bet against it…
Former Bankrate executives must face SEC fraud lawsuit
NEW YORK (Reuters) – Two former Bankrate Inc executives failed to persuade a federal judge to dismiss U.S. Securities and Exchange Commission claims that they fraudulently manipulated the consumer financial information provider’s results to meet Wall …
Atlanta Fed downgrades U.S. third-quarter GDP view to 3.0 percent
NEW YORK (Reuters) – The U.S. economy is on track to grow at a 3.0 percent annualized rate in the third quarter, the Atlanta Federal Reserve’s GDP Now forecast model showed on Thursday following the latest data on retail sales and government spending.
Dollar General to hire 10,000 employees in expansion push
(Reuters) – U.S. discount retailer Dollar General Corp said it plans to hire 10,000 employees by mid-October, boosting its headcount by nearly 9 pct to support its expansion efforts as it looks to protect its turf amid fierce competition.
Bank of England sticks with rate cut signal despite Brexit bounce
LONDON (Reuters) – The Bank of England said on Thursday it was still likely to cut interest rates to just above zero later this year, even though the initial Brexit hit to Britain’s economy was proving less severe than it had predicted only last month….
Poll: December Fed rate hike probability 70 percent, say economists
(Reuters) – Chances the U.S. Federal Reserve will raise interest rates in December have shot up in the past month, according to a Reuters poll that showed economists are more convinced a move is on its way despite weak inflation and wage growth.
Chinese man blames Tesla autopilot function for son’s crash
SHANGHAI/BEIJING (Reuters) – A Chinese man suing Tesla Motors Inc after his son was killed while driving one of the U.S. car makers’ vehicles argues that the responsiveness of the car’s “autopilot” function was responsible for the accident, his lawyer …
U.S. industrial output falls more than expected as utilities sag
WASHINGTON (Reuters) – U.S. industrial production fell more than expected in August, hurt in part by a sharp decline in utilities output, the Federal Reserve said on Thursday.
Apple says initial quantities of iPhone 7 Plus sold out
SAN FRANCISCO (Reuters) – Initial quantities of the iPhone 7 Plus have sold out globally as Apple Inc prepares to roll out its new gadget in stores, the company said Wednesday.
U.S. retail sales fall more than expected on weak autos
WASHINGTON, (Reuters) – U.S. retail sales fell more than expected in August amid weak purchases of automobiles and a range of other goods, pointing to cooling domestic demand that could further diminish expectations of a Federal Reserve interest rate i…
