Economy

Economy
Trade War Casualty: Chinese Tourism — And Businesses Serving Tourists
June 07, 2019

Trade wars are wars where injuries accrue cut by cut, tariff by tariff, slices taken off the top of GDP. But getting a bit granular, trade wars hit some business verticals (which of course make up GDP) harder than others. Get the Full Story Complete...

Economy
Jobs Number Shows Trade War Hitting Home?
June 07, 2019

The headline numbers are these: The latest jobs report shows that 75,000 jobs were created in the United States last month. A slew of economists, as noted by Bloomberg, expected a gain of 175,000 jobs. Get the Full Story Complete the form to unlock this article...

Markets
Teens Help Snap’s Stock To Surge
June 07, 2019

Snap has seen its stock surge more than 180 percent since December — thanks to teenagers. When it comes to augmented reality, Pivotal Research Group Analyst Michael Levine said there are “increasing signs of momentum in the business on multiple fronts,” according to Bloomberg. In...

Markets
Analysts Sanguine On Uber Despite (Growing) Red Ink
June 05, 2019

Uber shares closed 5 percent higher on Wednesday (June 5), trading above their initial public offering (IPO) price for the first time since their May 10 debut, according to a report by TechCrunch. Get the Full Story Complete the form to unlock this article and...

Markets
Apple Stock Drops Amid DOJ Antitrust Investigation News
June 03, 2019

Apple stock was affected negatively on Monday (June 3) by news that the Department of Justice (DOJ) is considering an investigation into the tech giant, according to a report by CNBC. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Markets
Ongoing US China Trade War Causes Morgan Stanley To Slash Apple Price Target
May 30, 2019

A Morgan Stanley analyst has cut the price target on Apple from $240 to $231 in a note to investors, according to a report by CNBC. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Economy
Retailers In Britain Say Sales Are The Worst In 10 Years
May 24, 2019

A survey of British retailers by the Confederation of British Industry (CBI) said retailers were witnessing the poorest sales performance this month in 10 years, according to a report by Reuters. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Experts See Bumpy Ride Ahead For Chipotle Stock
May 24, 2019

With more expensive pork prices potentially placing pressure on margins, BMO Capital Markets downgraded Chipotle Mexican Grill’s stock. The company’s stock tumbled 6 percent to $667.12 on the news and some industry observers are predicting a bumpy ride in the future even with initiatives like...

Economy
Millions Of Americans Have Nothing Saved For Retirement
May 24, 2019

The job market may be strong and wages may be increasing, but scores of workers in the U.S. have little in the way of savings for retirement. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...