News

Amazon’s reported work on software to use human-like robots in package delivery represents the next chapter in the company’s lucrative automation strategy.

Trump had slapped higher tariffs on China than any other country, but temporarily lowered them last month after initial trade talks in Switzerland.

FuelCell Energy came out with a quarterly loss of $1.79 per share versus the Zacks Consensus Estimate of a loss of $1.51. This compares to loss of $2.10 per share a year ago. These figures are adjusted for non-recurring items.

United States (US) President Donald Trump took to social media on Friday to call upon Federal Reserve (Fed) Chairman Jerome Powell to lower interest rates.

The Japanese Yen (JPY) continues to weaken against the British Pound (GBP) on Friday, with the GBP/JPY pair edging up to near 195.20 at the time of writing. 

Function: Trend. Mode: Impulsive. Structure: Motive. Position: Wave (iii) of {iii}.

Philly Fed President Patrick Harker was a model central banker. He never made waves, was thoughtful and always professional. He’s retiring at month-end and is out with some comments:

• It’s still possible the Fed can cut later this year
• Uncertainties make it very hard to divine monetary policy outlook
• Worries that the quality of economic data is eroding
• We’re increasingly flying blind on data

You tend to get a bit more candor at this point in a central banker’s career but obviously he will no longer have any say. His successor will get a vote next year.

This article was written by Adam Button at www.forexlive.com.

It takes a hefty paycheck to cover your essentials, pay back your debts, save for the future and have a little fun.

Capital One was the latest company to issue new restrictions on getting into airport lounges.

Little Caesars co-founder Marian Ilitch is one of the richest self-made women in the U.S., according to a recent Forbes list.