Consumers are showing some renewed enthusiasm and driving economic growth. In fact, stocks rose on Monday to record highs. The Dow is up 73, and the S&P 500 rose 9 alongside a 44 Nasdaq increase. The boost was supported by gains in Apple and Facebook, according to CNBC.com. Daniel Greenhaus, chief global strategist at BTIG,… Continue Reading
The euro has peaked against the yen for the first time in four years, while also reaching a one-month high against the dollar. Learn more with Reuters’ Angeline Ong as she discusses the current situation in Europe with CIBC‘s Chief FX Strategist Jeremy Stretch: Continue Reading
The partial government shutdown on Tuesday had a minimal impact on business leaders. Partisan brinkmanship is not new to Washington, and according to the Boston Globe, businesses aren’t expecting any major changes in the near future. However, a threat does loom over the heads of business owners; when the federal government reaches its borrowing limit… Continue Reading
According to USA Today, hotels are breaking into the wine industry. Several leading hotel chains have launched wine clubs and events, while some are even creating their own labels. Many of these hotels are actually offering their wine for free. At Kimpton Hotels, for example free wine is available during certain hours as part of… Continue Reading
Yesterday’s U.S. Day Ahead discussed the top 3 stories in business this week, including home prices, Tesla’s new battery system, and Facebook’s big announcement. Continue Reading
Though many businesses in the U.S. are hoping to raise their prices, many will have to weigh their options before implementing any changes. Walt Disney Co. is one of the few examples of companies who have successfully hiked their prices since 2009, recently raising its single-day admission prices to U.S. theme parks by up to… Continue Reading
In a move that will have a significant impact on precious metal dealers of the recent Arizona vote reveal that gold and silver may become legal currency in the state. Approved by the state House early this month, the legislation cleared the Senate by an 18-10 vote. The motion will now be passed to Republican… Continue Reading
With three killed and over 200 wounded, Boston is still reeling from the aftermath of the marathon bombings. Small businesses have reported millions of dollars of losses as a result of the blasts as well. According to Reuters, hundreds of visitors have flocked to Boston’s Boylston Street in an effort to help local businesses get… Continue Reading
On Friday, Wells Fargo & Co. reported a surprising 23% rise in first quarter profit. However, the bank’s mortgage business has showed signs of slowing while net interest margins shrink as well. Wells Fargo, the fourth-largest U.S. bank, has been considered the leading home lender ever since the financial crises. The bank’s recent decline in… Continue Reading
A recent Reuters report reveals that 496,000 Americans stopped pursuing employment opportunities in the month of March, bringing employment rates to a 4+ year low. Conway G. Gittens reports. Continue Reading