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US retail sales flat in July after 3 months of solid gains

The 0.4 percent drop in the producer-price index, the biggest since September, followed a 0.5 percent gain the prior month. They increased by 1.3%, while receipts at clothing stores fell 0.5%. AMZN, +0.35% and other internet retailers, saw a 1.3% sales gain. Still, consumption underpins the American economy, and the disappointing pause in retail sales does throw up some caution for the remainder of the year.

Business

Feds predict record corn, soybean yield; lower prices likely

The USDA predicts USA corn supplies for 2016-'17 will be at a record 16.9 billion bushels, up 1.5 billion from the prior year with the larger crop and small increases in beginning stocks and imports. The report was released August 12 by the National Agricultural Statistics Service (NASS) and the USDA. That's compared to 3.93 billion previous year.

Business

Weak retail sales, inflation data dim prospect of Fed rate hike

Sales at retailers and restaurants were nearly unchanged between June and July, the Commerce Department said Friday. Still, the flat reading for overall retail sales suggested that the economy might not rebound as quickly from a slump that struck early this year as economists had been expecting.

Business

Alibaba's shares are on a tear after a huge revenue jump

In case of Revenue Estimates, 23 analysts have provided their consensus Average Revenue Estimates for Alibaba Group Holding Limited as 4.54 Billion. The cloud computing unit has formed a strategic partnership with HTC Corp.to explore virtual reality (VR) solutions for customers worldwide. "This quarter's performance lifts investors' doubt about its ability to maintain growth in its core e-commerce business", said Li Muzhi, a Hong Kong-based analyst at Arete Research Services.

Business

Delta Cancels 530 More Flights After Monday''s Meltdown

The additional cancellations are meant to allow Delta "to reset the operation and get crews, aircraft and other operational elements in place to take care of customers", the company said. It advised customers to check their flight status at delta.com or on the Fly Delta App. Customers can also re-book through Delta's website . On Monday, Delta canceled 650 flights, including 40 at MSP, and delayed thousands more.

Business

Olympic viewing: NBC's ratings drop, chaotic bike race

On the first night of competition at the Rio Olympics on Saturday, the network recorded about 19.5million viewers between the hours of 8pm and 11pm. That's a 32 per cent decline for the same night at the London Olympics in 2012. NBC's network pulled in 219.4 million viewers during the London 2012 Olympics, making it the most-watched event in USA television history - according to reseaarch by The Nielsen Company.

Business

Markets Right Now: Stocks opening higher on Wall Street

The report was expected to ease investor concerns raised by weaker reports earlier in the year. "This was good economic data, replete with strong and relatively broad-based job growth, higher wage growth and an increase in the average workweek", said Briefing.com analyst Patrick O'Hare.

Business

Obama denies $400M payment to Iran was ransom

USA officials said the airlifting of $400 million in foreign currencies to Iran in January was to partially settle a decades-old dispute over an aborted arms deal. "We don't have a banking relationship with Iran". He also said it was not ransom, but a refund for an arms deal that was made before the 1979 revolution in Iran.

Business

Health insurer Aetna backs off ACA expansion plans

Aetna joins a growing list of health insurance companies that are struggling to make money from the new law. The move comes after the US' largest health insurer, United Healthcare, said in April it was abandoning the exchanges nearly completely.

Business

Union activists expected to give their backing to Jeremy Corbyn

She insisted she was not taking it personally that more anti-Corbyn MPs had backed Mr Smith over her as the best placed candidate to dislodge the leader. As he won the endorsement, Mr Corbyn told a meeting of CWU activists that a Labour government would tackle the "injustices" in United Kingdom workplaces, such as banning zero-hours contracts.

Business

State dinner celebrates 50 years of US-Singapore relations

If you want to get a sense of how the fate of the TPP is being linked to fundamental questions of US credibility among its allies and security and partners in Asia, watch this press conference with US President Obama and Singapore's Prime Minister Lee Hsien Loong (who is now on a state visit to Washington ).

Business

Pence backs House Speaker Ryan, breaking with Trump

Highlighting the turmoil in the Middle East under Obama, Trump allies have said, was the candidate's intent when he criticized the parents of a slain US solider who spoke about their son last week at the Democratic National Convention. "He's incapable of changing". Former Trump adviser Barry Bennett acknowledged signs of poor morale among the campaign staff he maintains contact with, but he also said it would be silly dismiss Trump's chances with three months before Election Day.

Business

Investigators say Tesla car was speeding at time of crash

Eventually, Tesla wants to be churning out half a million cars per year from the factory, which would be a seismic shift from a manufacturer that has never built more than 50,000 cars in a year. Musk said the Model 3 is now engineered and expected to start production in the summer of 2017. "The system also makes frequent checks to ensure that the driver's hands remain on the wheel and provides visual and audible alerts if hands-on is not detected", Tesla said .

Business

Leonardo DiCaprio to host fund-raiser for Hillary Clinton

Clinton also plans events on August 23 in Laguna Beach. 'Look, not to get political, but listening to Bernie Sanders at that first presidential debate was pretty inspiring - to hear what he said about the environment, 'DiCaprio said in an interview with Wired .

Business

Dodgers Leave Yasiel Puig In Los Angeles As Team Flies To Colorado

Daniels discussed the catcher with Brewers officials last winter and spring, and thought the chance to get him was done when the Indians had an agreement with Milwaukee. Puig was not dealt prior to Monday's trade deadline, but the Dodgers acquired fellow right fielder Josh Reddick from Oakland earlier in the day. He is technically the 23rd different player on the DL for the Dodgers in 2016, a new National League record.

Business

Yankees trade Beltran to Rangers for Tate, more

New York Yankees outfielder Carlos Beltran might not be playing the remainder of the 2016 season in pinstripes. He is hitting.304/.344/.546 with 22 homers this year, a remarkable season at the age of 39, and fits Texas well given the Rangers' league-worst production out of the DH spot this year - mostly with the now-injured Prince Fielder.

Business

Wizard magic: JK Rowling hopes Harry Potter play goes global

Entertainment also joined in, collecting photos of Harry Potter stars in their first and final performances. "I'd like as many Potter fans to see it as possible", Rowling said Saturday on the show's red carpet. Cursed Child celebrations went on through the night, just like old times . JK Rowling's latest installment in the Harry Potter saga was released in the early hours of this morning as fans queued for the midnight launch.

Business

RBS ranked third worst in European banking stress tests

They reportedly involve the sale of non-performing loans and raising capital. The bailout plan, drafted by advisers JP Morgan and Italy's Mediobanca, was approved by the Monte dei Paschi board after it rejected a rival recapitalisation proposal put forward by investment bank UBS, sources said.

Business

Fed keeps rates unchanged

When it sees risks tilted to the downside, it keeps rates on hold or lowers them. The Fed was silent on risks at the last two meetings. "That said, the wording does not preclude a move in September; a lot can happen in eight weeks", Jim O'Sullivan, chief USA economist at High Frequency Economics, wrote in a note to investors.

Business

China confirms legal status of ride-hailing industry

As in many countries, the rise of ride-sharing services has bred confrontations with taxi drivers in China. Drivers for ride-hailing apps can't have a criminal record, will have to have three years of experience as a professional driver, and be licensed by a local taxi regulator, according to The New York Times .

Business

Roll call: Clinton heads to convention with 2814 delegates

As he demanded Wasserman Schultz's resignation, Sanders made clear he wants to see Clinton in the White House. "I'm not sure that that's the right message that the folks are looking for", Munroe said. Time Kaine will appeal to moderates but do little to soothe disenchanted Bernie Sanders supporters. Sanders has endorsed Clinton, but his delegates are pushing for a state-by-state tally.

Business

Liberty Property Trust to Sell 108 Properties for $969mln

They now have a Dollars 32 price target on the stock. Deutsche Bank AG reiterated a "hold" rating and issued a $84.00 price objective on shares of Camden Property Trust in a research note on Tuesday, May 3rd. The stock's market capitalization is 5.86B. The investment management company now holds a total of 8,754 shares of Essex Property Trust Inc which is valued at $1,981,468 after selling 29 shares in Essex Property Trust Inc, the firm said in a disclosure report filed with the SEC on Jul ...

Business

Marvel's Iron Fist Show Gets Moody First Teaser

The show will follow the journey of Danny Rand , who will fight against the criminals of New York City, using his fantastic skills of kung-fu and his special ability to use the Iron Fist . Starring Game of Thrones actor Finn Jones as the title character, Iron Fist focuses on Danny Rand , who was trained by denizens of the mystical K'un-L'un, and his origins as the crimefighting superhero.

Business

How the Dow Jones industrial average fared on Thursday

The Dow Jones industrial average rose 16.5 points, or 0.09 percent, to 18,533.05, for its seventh consecutive up day. The Nasdaq Composite Index increased 19.54 points, or 0.39 percent, to 5,055.91. The major U.S (Other OTC: UBGXF - news ). indexes were poised to notch their fourth straight positive weeks. "It's the best relative purchase out of markets".

Business

Amazon Prime to offer discount on student loans

Students can also get discounts on loans by enrolling in the bank's automatic monthly repayment plan, said Wells Fargo , the nation's largest private student lender among US banks. Wells Fargo owns the customers. While the offer is for members of its Student Prime Program, there's no application fee from the bank. So should you borrow take them up on the offer? Wells Fargo loans are different from federal student loans where borrowers get the same interest rates regardless of credit ...