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Amazon rivals ride on Prime Day marketing as protests unfold

3 hours ago DieselGasoil Comments Off on Amazon rivals ride on Prime Day marketing as protests unfold
NEW YORK (Reuters) – Amazon.com Inc’s Prime Day is now a major marketing opportunity and shopping event in the annual calendar for other U.S. retail companies, rivaling the Thanksgiving holiday’s Black Friday as a driver of sales. FILE PHOTO: The logo of Amazon is seen on the door of an Amazon Books retail store in Read More

Wall Street set open higher as banks rise after Citi results

9 hours ago DieselGasoil Comments Off on Wall Street set open higher as banks rise after Citi results
(Reuters) – Wall Street was set to extend last week’s gains at the open on Monday as second-quarter corporate earnings got off to an upbeat start with results from the third largest U.S lender, Citigroup, beating expectations. Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., July 1, Read More

Amazon workers in Germany strike over pay, Verdi union says

13 hours ago DieselGasoil Comments Off on Amazon workers in Germany strike over pay, Verdi union says
BERLIN (Reuters) – More than 2,000 workers at seven Amazon (AMZN.O) sites across Germany have gone on strike over pay for at least two days, labor union Verdi said on Monday. FILE PHOTO: An Amazon sign is seen at an Amazon logistics centre in Werne, Germany, December 17, 2018. REUTERS/Leon Kuegeler The walkouts, under the Read More

Amazon workers in Germany to strike over pay, Verdi union says

23 hours ago DieselGasoil Comments Off on Amazon workers in Germany to strike over pay, Verdi union says
FILE PHOTO: An Amazon sign is seen at an Amazon logistics centre in Werne, Germany, December 17, 2018. REUTERS/Leon Kuegeler BERLIN (Reuters) – Workers at seven Amazon (AMZN.O) sites across Germany will go on strike over pay for at least two days this week starting on Sunday night going into Monday, labor union Verdi said. Read More

American Airlines extends Boeing 737 MAX cancellations for fourth time

1 day ago DieselGasoil Comments Off on American Airlines extends Boeing 737 MAX cancellations for fourth time
(Reuters) – American Airlines Group Inc (AAL.O) said on Sunday it is extending for a fourth time cancellations of about 115 daily flights into early November due to the ongoing grounding of the Boeing Co (BA.N) 737 MAX jets. FILE PHOTO: American Airlines Boeing 737 MAX jets sit parked at a facility in Tulsa, Oklahoma, Read More

Weekly Economic Release Summary: Employment Growth In Decline

2 days ago DieselGasoil Comments Off on Weekly Economic Release Summary: Employment Growth In Decline
For months, our interpretation of JOLTS (BLS Job Openings and Labor Turnover Survey) has been that employment growth will be slowing. JOLTS again this past week continues to reaffirm the slowing growth forecasts. The graph below shows the general correlation between nonfarm payrolls (red line) and JOLTS (blue Read More

Wall Street stocks climb, dollar drops on rate-cut optimism

3 days ago DieselGasoil Comments Off on Wall Street stocks climb, dollar drops on rate-cut optimism
NEW YORK (Reuters) – Wall Street stocks closed higher and the dollar fell on Friday as investors prepared for a U.S. interest-rate cut, while oil futures were little changed as a forecast for a global crude surplus offset worries about U.S. output declines due to a tropical storm. Traders work on the floor of the Read More

Wall Street rises on rate cut optimism; S&P 500, Dow hit new highs

3 days ago DieselGasoil Comments Off on Wall Street rises on rate cut optimism; S&P 500, Dow hit new highs
(Reuters) – The S&P 500 and the Dow Jones Industrial Average hit fresh record highs on Friday, as the indexes continued a strong run for the week on hopes of an interest rate cut this month, while investors waited for the start of the corporate earnings season. Numbers showing the rise of the Dow Jones Read More

U.S. producer prices rise marginally, suggest tame inflation

3 days ago DieselGasoil Comments Off on U.S. producer prices rise marginally, suggest tame inflation
WASHINGTON (Reuters) – U.S. producer prices rose slightly for the second straight month in June as an acceleration in the cost of services was offset by cheaper energy goods, resulting in the smallest annual increase in producer inflation in nearly 2-1/2 years. FILE PHOTO: Price tags are pictured at a Ralphs grocery store in Pasadena, Read More

S&P 500, Dow hit new highs on rate cut optimism

3 days ago DieselGasoil Comments Off on S&P 500, Dow hit new highs on rate cut optimism
(Reuters) – The S&P 500 and the Dow Jones Industrial Average hit record highs on Friday, as the indexes continued a strong run for the week on raised expectations of an interest rate cut this month. Numbers showing the rise of the Dow Jones Industrial Average above 27,000 are displayed on a screen above the Read More