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Daily Archives: February 5, 2018

Five Things You Need to Know to Start Your Day

Want to receive this post in your inbox every morning? Sign up here Stocks are red, bonds consolidate, and more positive euro-area data. Here are some of the things people in markets are talking about today. Selloff Last Friday's stock market rout in the U.S. spread to Asian and European markets this morning. The MSCI Asia Pacific Index dropped 1.5…

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Apparel In America Has Lost Its Appeal

The apparel industry has a big problem. At a time when the economy is growing, unemployment is low, wages are rebounding and consumers are eager to buy, Americans are spending less and less on clothing. The woes of retailers are often blamed on Amazon.com Inc. and its vise grip on e-commerce shoppers. Consumers glued to…

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Why Your Office Is Beginning to Look Like a Forest

Kegs and pingpong tables are out. Ferns are in. By The modern office is starting to look more like a Rainforest Cafe than a place of business. Amazon.com Inc.’s new Seattle headquarters has 40,000 plants. Down the coast, every other floor in Samsung’s two-and-a-half-year-old San Jose office space is a garden. Alibaba Group Holding Ltd. wants all employees…

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Wells Fargo shares are tanking as Wall Street is stunned over the Fed’s ‘harsh’ action; multiple firms downgrade bank

Analysts are bailing on their bullish calls for Wells Fargo shares because they believe the Federal Reserve's surprising enforcement action will hurt the bank's financial results and hang over the stock for most of 2018. The Federal Reserve said Friday it is restricting Wells Fargo's size in response to "widespread consumer abuses." The government is…

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Super Bowl win sparks Philadelphia mayhem

Media playback is unsupported on your device Media captionEagles fans carry a broken pole in PhiladelphiaIncidents of rioting and looting have taken place in the US city of Philadelphia as fans celebrated a historic Super Bowl win on Sunday. Social media pictures showed scenes of chaos as 100,000 Philadelphia Eagles' fans took to the streets.…

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Downed Russian pilot ‘detonated grenade’

Image copyright EPA Image caption Images said to show the wreckage of the Sukhoi-25 aircraft Russian media have lauded a pilot killed in Syria as a hero, saying he detonated his grenade to avoid being captured by jihadists who had shot his plane out of the sky. Roman Filipov's reported last words were: "Here's for…

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