US stocks surge after weeks of decline
On Friday the the Dow Jones Industrial Average (DJIA) increased by over 250 points after encouraging economic reports and strong earnings from General Electric,...
UK big four supermarkets’ margins to shrink further, says Moody’s
Over the next 12 to 18 months, the profit margins of Britain's ‘big four’ supermarkets are likely to shrink further, says Moody's Investors Service...
HSBC starts UK mortgage price war with 0.99% rate
HSBC has intensified a mortgage price war in the UK by launching a record-low 0.99% annual rate for borrowers who put down a 40%...
Tesla could be banned from opening stores in Michigan
Tesla has criticized Michigan for passing a bill earlier this month that could restrict the manufacturer’s business operations in the state.
The bill, HB5606, creates...
Urban Outfitters Inc. shares fell by 15 percent on Friday
Urban Outfitters Inc. shares fell by 15 percent on Friday after the apparel retailer issued a warning to investors stating that its third quarter...
Fed expresses serious concern about increasing economic inequality
Janet Yellen, chair of the Federal Reserve, has expressed serious concern about increasing economic inequality in the US and has said that the country...
US homebuilder’s confidence dropped in October
US Homebuilder’s confidence dropped in October after four consecutive months of gains, which had increased the indicator to its highest level in almost a...
Morgan Stanley reports 87 percent increase in third quarter earnings
Morgan Stanley (MS.N) has posted an 87 percent increase in third quarter earnings as its banking units have enjoyed increased client activity and a...
Postpone raising interest rates, advises Bank of England’s Chief Economist
The Bank of England’s Chief Economist, Andrew Haldane, who in June had said interest rates should be raised sooner-than-later, now says he favors raising...
Virgin Money postpones flotation citing volatile market conditions
Virgin Money, which had planned a stock market flotation in October, on Friday announced that the official listing on the London Stock Exchange which...