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business news

‘As good as it gets’: The stock market’s best-case scenario is playing out on Friday

Wage growth in February was less than economists expected, a report from the Bureau of Labor Statistics showed Friday. That alleviated a pressing concern for US stock investors and resulted in an immediate spike higher in equity futures, which carried into regular trading. The market’s snap reaction shows just how …

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stock news

China’s Li Keqiang Index: Headwinds for Commodities?

The official growth rate of China is of intense interest to economists and investors worldwide.  The gross domestic product of the world’s second largest economy is also subject to a certain degree of skepticism.  Observers ponder over its unusual stability and unfailing ability to fall within the consensus estimate.  Among …

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economy

Putin on Russia’s meddling in the US election: ‘I don’t care. I couldn’t care less’

Screenshot via NBC News Russian President Vladimir Putin said he “couldn’t care less” that US law-enforcement officials accused Russian nationals and entities of meddling in the US election. “So what if they’re Russians,” Putin told NBC News’ Megyn Kelly in an interview that aired Friday night. “They do not represent …

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business news

Toys R Us is reportedly about to liquidate its US stores as it loses hope of finding a savior

Toys R Us is preparing to liquidate its entire US operation, according to Bloomberg. The retailer filed for Chapter 11 bankruptcy protection in September 2017.  Debt restructuring negotiations are reportedly not going well, but a buyer could still emerge to rescue the chain. Toys R Us is reportedly in its …

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