By Amrith Ramkumar WSJ Avantika Chilkoti WSJ Wed., March 13, 2019 U.S. stocks rose Wednesday, propelling the S&P 500 to a four-month high after economic data showed fresh signs of stability in the manufacturing sector and muted inflation. Renewed faith in U.S. economic growth and a patient approach by the Federal Reserve regarding interest-rate increases have powered this year’s stock rebound, pushing the S&P 500 up 12% for the year and within 4.1% of its September record. Despite slowing growth overseas, some analysts expect stable economic activity and the Fed’s cautious stance to keep markets supported moving forward. Wednesday’s market rally was broad, with every S&P 500 sector climbing, led by the health-care, energy and industrial groups. “People are comfortable with the market,” said Mohit Bajaj, director of ETF trading solutions at WallachBeth Capital. “The move this week has given a lot of people … [Read more...] about S&P 500 Hits Four-Month High on Economic Data
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SINGAPORE (Reuters) - Oil prices rose by more than 1 percent on Friday, shaking off earlier losses, after China said it would hold talks with the U.S. government on Jan. 7-8 to look for solutions to a trade dispute between the world’s two biggest economies. FILE PHOTO: A gas torch is seen at the Filanovskogo oil platform operated by Lukoil company in Caspian Sea, Russia October 16, 2018. REUTERS/Maxim Shemetov Brent crude futures LCOc1 were at $56.60 per barrel at 0741 GMT, up 65 cents, or 1.2 percent, from their last close. U.S. West Texas Intermediate (WTI) crude oil futures CLc1 were at $47.61 per barrel, up 52 cents, or 1.1 percent. Both benchmarks are on track for solid gains in the first week of 2019 trading despite rising concerns that the Sino-American trade war will lead to a global economic slowdown. The firmer prices came after China’s commerce ministry said it would hold vice-ministerial level trade talks with U.S. counterparts in Beijing on Jan. … [Read more...] about Oil prices rise by more than 1 percent on China-U.S. trade talks,…
Joe Mcdonald, Ap Business Writer Updated 6:40 am CST, Thursday, January 3, 2019 A woman browses her iPhone as she walks by a mural depicting an iPhone and Chinese people buy smartphone to communicate with family members, at a subway station in Beijing, Thursday, Jan. 3, 2019. Apple Inc.’s $1,000 iPhone is a tough sell to Chinese consumers who are jittery over an economic slump and a trade war with Washington. The tech giant became the latest global company to collide with Chinese consumer anxiety when CEO Tim Cook said iPhone demand is waning, due mostly to China. Weak consumer demand in the world’s second-largest economy is a blow to industries from autos to designer clothing that are counting on China to drive revenue growth. less A woman browses her iPhone as she walks by a mural depicting an iPhone and Chinese people buy smartphone to communicate with family members, at a subway station in Beijing, Thursday, Jan. 3, 2019. Apple ... more … [Read more...] about Waning iPhone demand highlights consumer anxiety in China
By Lara O’Reilly The Wall Street Journal Thu., Nov. 15, 2018 Christmas ads have grown into the U.K. ad industry’s Super Bowl, an annual occasion for marketers to fund more ambitious work in the hope that consumers will appreciate the effort more than usual. But an ad roster devoted to just one theme—and the same theme every year—is starting to present brands with a challenge. “I could get 10 of the ads” out now from various brands and agencies, “recut them into one ad, put a music track over them, and you wouldn’t know they were different ads,” said Adrian Rossi, executive creative director at ad agency AMV BBDO. On Thursday, the department store John Lewis released its widely anticipated Christmas spot. This year’s ad traces Elton John’s career back through the decades—from sellout concerts to the moment he was given his first piano at Christmas as a little boy. More than any other marketer, … [Read more...] about The John Lewis Christmas ad is here. But is the bauble bursting?
Richard Ferranti stood center stage in a hotel ballroom, ignoring the podium to his right and opting for a clip-on microphone that left him free to move. He paced and gestured, gestured and paced, as if he were a coach in front of his team. The new president of Buffalo-based frozen-food giant Rich Products Corp. was speaking to a group of 100 or so economic-development officials from across the country and said something that was hard to dispute: “You probably eat our products everyday.” He shared a slide that depicted logos of some of Rich’s best-known clients, including Walmart and Starbucks. He dropped in details on the history, scope and growth of Rich Products: It’s a family business, founded in 1945; sells more than 3,000 food products; and has a presence in more than 100 countries, with nearly 11,000 employees around the world and $3.8 billion in revenues. Those are good numbers, numbers that veer Ferranti’s excitement into pep-talk territory. But … [Read more...] about As Rich Products retools leadership, message is clear: Innovate or else