U.S. consumer confidence rose to an 18-year high in October, driven largely a robust labor market, suggesting strong economic growth could persist in the near term. The Conference Board said its consumer confidence index increased to a reading of 137.9 this month, the highest reading since September 2000, from a […]
CNBC
Growth vs value debate rages on as volatility slams the market — here’s what investors say to buy now
It’s been one of the biggest themes amid the recent sell-off: should investors rotate out of growth and into value? Value stocks are typically defined by their low multiples and stable fundamentals relative to their so-called growth peers, which are traditionally defined by their outsize growth projections relative to the […]
‘I’m going to die:’ Survivors relive horrors at Tree of Life
Up in the choir loft, alone, Rabbi Jeffrey Myers whispered to a 911 dispatcher on his cellphone. Below him, down in the sanctuary, eight of his congregants had been felled by a gunman’s bullets. Up here, though, Myers couldn’t see them — or any of the other horrors going on […]
Why F500 companies are using virtual reality to train the next generation of American workers
Virtual reality hasn’t exactly revolutionized the video game industry, like many predicted it would. The chicken-and-egg problem of a small user base and few compelling software titles, along with the fact that the physical weight of top-tier headsets discourages users from multi-hour sessions, has cooled some of the excitement. But […]
This headband reads brain waves to help you meditate — here’s what happened when we tried it out
Interaxon, a Canadian venture-backed start-up, set out with a goal to make devices for users to move objects with their minds. After that didn’t work out, the team of engineers and scientists shifted focus to something a little less ambitious that would still be enticing for millions of people. Enter […]
Pfizer posts mixed third-quarter results, narrows full-year forecast
Pharmaceutical giant Pfizer beat Wall Street analysts’ third-quarter earnings expectations but fell short on revenue and narrowed its full-year forecast. Shares of Pfizer fell nearly 1 percent Tuesday in premarket trading. Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by […]
Under Armour shares surge on earnings beat driven by strong international sales
Under Armour on Tuesday reported quarterly earnings and revenue that topped analysts’ expectations thanks to a spike in sales overseas, as the sneaker maker continues to struggle to grow its business in the U.S. Shares of the company climbed more than 7 percent in premarket trading on the news. Here’s […]
Boeing’s 737 MAX 8 planes will not be grounded after jet crash, Indonesian government says
Indonesian transportation officials have said Boeing’s 737 MAX 8 planes will not be grounded, despite uncertainty surrounding Monday’s crash of Lion Air’s brand-new jet. Flight JT 610 crashed into the Java Sea 13 minutes after taking off from the Indonesian capital of Jakarta with 189 people on board. Nobody is […]
Rising national debt to affect voters’ midterm election decisions, poll says
A wide majority of voters say the nation’s rising debt will factor into their decision during next week’s midterm elections, according to a survey released on Tuesday. The poll by the Peter G. Peterson Foundation showed roughly three-quarters of voters rank the national debt as “important” in determining which candidate […]
Oil and arms are Saudi Arabia’s saving graces amid the fallout from Khashoggi’s death
As much as Saudi Arabia would have liked its flashy investment forum in Riyadh last week to have dominated the headlines, the continuing fallout from the death of Saudi critic Jamal Khashoggi led the front pages of most news outlets. It’s hardly surprising given the amount of incriminating evidence that […]