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Yearly Archives: 2019

Indonesian cave art is earliest known record of ‘story telling’, researchers say

JAKARTA (Reuters) – A cave painting found on Indonesia’s island of Sulawesi, depicting human-like figures hunting animals, appears to be the earliest known pictorial record of story-telling, according to a study by a team of Australian and Indonesian researchers. A cave painting dating back to nearly 44,000 years, according to …

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Dixons Carphone first-half profit plunges on mobile weakness

FILE PHOTO: A sign displays the logo of Dixons Carphone at the company headquarters in London, Britain August 1, 2017. REUTERS/Neil Hall LONDON (Reuters) – British electricals retailer Dixons Carphone (DC.L) reported a 60% fall in first half profit, hurt by expected losses in its mobile phones business, though it …

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Jeff Bezos picked as businessperson of the decade: CNBC survey

Jeff Bezos, CEO, Amazon Mark Ralston | AFP | Getty Images A majority of financial executives in boardrooms around the world say Amazon Founder and Chief Executive Jeff Bezos should be considered as the top businessperson of the decade. Almost a third of chief financial officers (CFOs) quizzed in CNBC’s …

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Options traders betting Lululemon can stretch higher after earnings

Lululemon is running away with the athleisure trade. The stock is up nearly 90% heading into Wednesday’s report, while its nearest competitor, Adidas, is only up 46%. If things go well after the bell, Lulu might just double up its value this year. “The options are implying an 8% move, …

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Jobless claims, tech earnings, UK election

Britain’s Prime Minister Boris Johnson leaves number 10 Downing Street in central London on September 26, 2019, to attend a meeting with the 1922 commitee. TOLGA AKMEN | AFP | Getty Images Here are the most important things to know about Thursday before you hit the door. 1. Jobless claims …

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Chewy stock surges as online pet retailer brushes off lockup expiration

A dog sits in front of the New York Stock Exchange (NYSE) during Chewy Inc.’s initial public offering (IPO) in New York, U.S., on Friday, June 14, 2019. Michael Nagle | Bloomberg | Getty Images Shares of Chewy, the online pet retailer, gained more than 6% on Wednesday, as the …

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Fed ends 2019 with rates unchanged. Here’s what that means to you

A pedestrian walks past the Federal Reserve building on Constitution Avenue in Washington on March 19, 2019. Leah Millis | Reuters The Federal Reserve’s decision Wednesday to keep interest rates steady put the cap on a tumultuous year for consumers. After raising the federal funds rate nine times in three …

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Fed dot plot December 2019

Jerome Powell, chairman of the U.S. Federal Reserve. Andrew Harrer | Bloomberg | Getty Images The Federal Reserve forecasts no action on its main interest rate until 2021, after holding rates steady in its December meeting Wednesday.  The central bank’s median rate is forecast to hold steady at 1.6% through …

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‘This is 2008 for the cannabis industry’

The legal marijuana industry is going through an epic shakeout. “This is 2008 for the cannabis industry,” said Kevin Murphy, chairman and CEO of Acreage Holdings. He also compares it to the dotcom bust. The question remains, which cannabis company will come out of the bust as marijuana’s Google, and …

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2018 worst performing stocks become top stocks in 2019

Worst to first. Zeros to heroes. However you want to characterize it, a handful of stocks have made meaningful strides this year after a brutal 2018, reversing course from being some of last year’s worst performers to becoming some of 2019’s best. Among those in the comeback zone are: Coty, …

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