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Monthly Archives: August 2018

Market price to sales ratio highest since dotcom bubble

By one measure, stocks are as pricey as they were before the dotcom bubble burst, and that should give investors pause moving forward, according to Doug Ramsey of The Leuthold Group. The firm’s chief investment officer said in a note Friday that the S&P 500’s price-to-sales ratio is around 2.2, …

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Job gains for the manufacturing industry are the most since 1995

The U.S. government reported that the manufacturing sector added 37,000 jobs during July, pushing the industry to the best annual job gain in more than 20 years. Over the past year through July, U.S. manufacturing added 327,000 jobs, the most of any 12-month period since April 1995. The sector received …

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Goldman Sachs sees more price pain ahead for bitcoin 

Artur Widak | NurPhoto | Getty Images A man passes in front of a Bitcoin exchange shop in Krakow, Poland. Goldman Sachs is not optimistic for the near-term fate of cryptocurrency. In its mid-year economic report, the bank’s investment management group highlighted “cryptocurrency mania” as one of six factors creating …

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Samsung’s Galaxy Note 9 video leaks details

Getty Images DJ Koh, president of mobile communications business at Samsung, holds up the Samsung Galaxy Note 8 smartphone during a launch event for the new product, August 23, 2017. Samsung’s website in New Zealand accidentally published a video featuring the company’s soon-to-be-announced Galaxy Note 9 phone. The video was …

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There is ‘zero’ engagement between US and China as trade tensions escalate, official says

ChinaFotoPress | Getty Images A docker works in front of a container ship at Qingdao Port in Qingdao, Shandong Province of China. A senior administration official told CNBC on Friday that there was “zero” engagement between the Trump administration and China as the two countries ratchet up trade tensions. The …

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Dish Network shares up 7% after losing fewer subscribers than expected

Patrick T. Fallon | Bloomberg | Getty Images A Dish Network Corp. field service specialist installs a satellite television system at a residence in Downey, California. Dish Network shares jumped 7 percent after the pay TV company reported better than expected profit. Dish posted June quarter earnings per share of …

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Diane Black loses primary for Tennessee governor

Tom Williams | CQ Roll Call | Getty Images Rep. Diane Black, R-Tenn. Rep. Diane Black lost the hotly contested Tennessee GOP gubernatorial primary this Thursday, making her the fifth House Republican this election cycle to lose a primary for statewide office. It’s a potentially ominous sign for Republicans as …

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Amazon slammed for UK corporation tax bill despite record profits

Martin Divisek | Bloomberg | Getty Images An Amazon logo sits on a collection cart for customer orders at the Amazon.Com fulfillment center in Dobroviz, Czech Republic, on Sept. 8, 2015. Amazon has been criticized for paying less corporation tax in the U.K. in 2017 than it did the previous …

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California timber firms may be ‘piece of the puzzle’ to cut fire risk

Justin Sullivan | Getty Images A view of homes that were destroyed by the Carr Fire on July 27, 2018 in Redding, California. A Redding firefighter and bulldozer operator were killed battling the fast moving Carr Fire that has burned over 126,000 acres and destroyed more than 1,000 homes. As …

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Emmeline Pankhurst’s great-granddaughter Helen Pankhurst on defining feminism

Chris J Ratcliffe | Getty Images News | Getty Images Orla Dean, 5, holds a placard during the Time’s Up rally at Richmond Terrace, opposite Downing Street on January 21, 2018 in London. People worldwide have stepped up and called themselves a feminist, from activists on the streets to famous …

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