Global stocks, sterling inch up as Brexit vote looms, Yellen cools rate talk
LONDON Stocks and sterling rose while traditional safe-haven assets gold and bonds slipped on Wednesday, as investors were guardedly optimistic about a "Remain" vote in Britain's European Union referendum later this week.Riskier markets also drew support from Federal Reserve Chair Janet Yellen's cautious comments on the U.S. economy the previous day, in which she virtually ruled out a July rate hike.Europe's FTSEuroFirst index of 300 leading shares was up 0.1 percent, Germany's DAX was up 0.5 ..>> view originalFast food sees bump on satisfaction index
In the highly competitive restaurant market, fast food is closing the gap on full-service restaurants. According to the American Consumer Satisfaction Index, which was released this week, limited-service restaurants posted a 2.6 percent gain to score a 79 on the index’s 100-point scale, while full-service restaurants saw a 1.2 percent slide to 81. The ACSI report is based on 4,786 customer surveys collected in March. Among some of the report’s more interesting findings: • Dunkin’ Donuts custo..>> view originalMitsubishi Motors Expects to Swing to $1.38 Billion Net Loss
TOKYO—Mitsubishi Motors Corp. said Wednesday that it expects to swing to a net loss of $1.38 billion in this fiscal year, which would be its first in eight years as it grapples with a fuel-economy data scandal that has led to surging costs and falling sales for the auto maker. Japan’s sixth-biggest auto maker by sales faces a hefty compensation bill for owners of affected vehicles, payments to dealers and suppliers and also to Nissan Motor Co., with whom it jointly produced certain minicar mode..>> view originalBrexit is a bad idea, but so is the European Union itself
In 2002 I was in graduate school when the first euro banknotes and coins began to circulate. My classmates and I were incredulous it was really happening. It seemed obvious that these 12 countries didn’t form an optimal currency zone, lacking the institutions needed to make shared money work. “This is cannot go well, why are they doing this?” we’d ask. My Italian macroeconomics professor shrugged and said something like, “the justification is entirely political, not economic—it happens that way..>> view originalGoal of owning home still strong, and 8 other housing trends
Americans still want to own homes — if they can afford to. That's the finding of a report being released Wednesday by the Harvard University Joint Center for Housing Studies.The pressures of student debt, rising rents and the leftover wreckage from the nearly decade-old housing bust have restrained people's ability to buy, even though the dream remains alive. The report sees reasons for both optimism (more millennials are poised to leave the nest) and concern (rising numbers of renters face ext..>> view originalClose a nuclear plant, save money and carbon, improve the grid, says PG&E
Before feared spike in drone crashes, White House sets new rules
See the new rules the White House released intended to keep drones from colliding with things in flight and people on the ground. (Jhaan Elker/The Washington Post) The era when a glance toward the sky is more likely to reveal a small unmanned aircraft than an airplane or a bird seems remote to most people, but it drew closer Tuesday as the White House released regulations intended to keep drones from colliding with things in flight and people on the ground. Many years in the making, and af..>> view originalFeds: Jake Peavy, Mark Sanchez among athletes defrauded
HOUSTON -- Several professional athletes, including San Francisco Giants pitcher Jake Peavy, Denver Broncos quarterback Mark Sanchez and retired Houston Astros pitcher Roy Oswalt, were cheated out of more than $30 million by an investment adviser in a Ponzi-like scheme, federal investigators said Tuesday.In a lawsuit filed last month in Dallas federal court, the Securities and Exchange Commission alleges that Ash Narayan told his clients he was pursuing a low-risk investment strategy for their m..>> view originalUnited: Catching Up From a Long Delay
United Continental CEO Oscar Munoz took a symbolic step toward righting the many wrongs at the carrier by acknowledging the seriousness of the task ahead. Speaking to investors Tuesday, Mr. Munoz said now that the airline had put behind it two big distractions—his health and pressure from two activist hedge funds—it would move ahead to cut...>> view originalTesla Offers to Acquire SolarCity
Updated June 22, 2016 12:08 a.m. ET Elon Musk proposed combining the electric-car and solar-energy companies that he backs, the latest in a series of financial shuffles among disparate firms of his empire. Tesla Motors Inc., TSLA -0.04 % Mr. Musk’s Palo Alto, Calif., electric-car company, on Tuesday offered to acquire SolarCity Corp. SCTY -3.15 % in an all-stock deal valuing it at up to $2.8 billion. Mr. Musk is the chairman and largest shareholder of both compa..>> view original
Wednesday, June 22, 2016
Global stocks, sterling inch up as Brexit vote looms, Yellen cools rate talk and other top stories.
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