Etsy’s stock soars toward biggest gain in over 3 years after earnings beat

Shares of Etsy Inc. ETSY, +26.84% shot up 27% in active midday trade, putting them on track for the biggest one-day gain in over three years, after the online marketplace reported better-than-expected third-quarter earnings and revenue. Trading volume jumped to 8.0 million shares, compared with the full-day average of about 2.3 million shares. Analyst Scott Devitt raised his stock price […]

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7 Threats to the Booming Economy: Alan Greenspan

Former Federal Reserve Board Chairman Alan Greenspan, who held that post during a period of of brisk economic growth from 1987 to 2006, sees a number of dangers lurking under the surface of the currently booming U.S. economy. As he told Barron’s in a lengthy interview: “Crises gets generated after a period of time when you disregard [something]. Most recently, we’ve disregarded the federal budget. […]

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UK has not seen any successful interference in its democratic processes: May's spokeswoman

LONDON (Reuters) – British Prime Minister Theresa May’s spokeswoman said on Thursday that the government had so far not seen any successful interference in Britain’s democratic processes but it remained vigilant. “To date, we have not seen successful interference in UK democratic processes,” the spokeswoman said in a statement issued following a briefing in which she was asked a question […]

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‘Godfather’ of chart analysis says ‘damage done to the stock market’ is much, much worse’ than anyone is talking about

Prominent market technician Ralph Acampora says the stock market is in bad shape and it’s worse than many on Wall Street investors appreciate. A pioneer in the field of chart-based trading, Acampora said the technical damage that has resulted in the Dow Jones Industrial Average DJIA, +1.77% and the S&P 500 index SPX, +1.57% erasing all of their gains for […]

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Brits put the brakes on debt – for cars at least

Consumer credit growth weakened in September amid a sharp fall in new borrowing for car finance, according to the Bank of England. The Bank’s Money and Credit report said the net amount of new consumer borrowing, excluding mortgages, was £785 million in September, down from £1.2 billion in August. Explaining factors behind the slowdown, the Bank said: "New borrowing for […]

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FTSE 100 tumbles to near 2-year low as global stock rout resumes

The U.K.’s main stock index slid to its lowest level in nearly two years on Friday, after earnings disappointment from Amazon.com Inc. and Google-parent Alphabet Inc. triggered another wave of global selling. Falling oil prices also hit heavyweight oil majors, a big drag on the commodity-heavy index. The FTSE 100 UKX, -1.75% slid 1.4% to 6,906.62, which could mark the […]

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This is why Amazon’s revenue decline may actually be a good thing

Amazon.com Inc. shares may be down more than 8% in Friday trading after the retail-and-tech giant reported a revenue miss and gave below-consensus fourth-quarter guidance, but there’s a bright side to all this negative news, according to GlobalData Retail: you can’t call Amazon a monopoly. Amazon AMZN, -8.70% reported record profit, and sales of $56.6 billion were up from $43.7 billion […]

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Amazon could suffer 5% income drop if proposed U.S. Postal Service price hikes go into effect

Amazon.com Inc.’s retail operating income could take a 5% hit from shipping cost inflation if the U.S. Postal Service’s proposed price hikes go into effect, according to calculations by Barclays analysts. On Wednesday, the USPS suggested raising the price of sending a small flat-rate box to $7.90 from $7.20; increasing a medium flat-rate box to $14.35 from $13.65; and charging […]

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House kits, drugs and drills: All the ways Sears was Amazon before Amazon

Sears’s history is the history of U.S. consumerism, its catalog the picture book of an expanding 19th- and 20th-century America. Depending on the decade, consumers could order lumber, nails and paint, a house in a kit and a mortgage to finance it. Washable business suits, arsenic wafers for a clear complexion, and your own tombstone were all for sale via […]

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Revolve IPO: 5 things you should know about the e-commerce retailer

With retail on an upswing thanks to innovation and a healthy economy, and with digitally-native companies already snapping up market share, e-commerce apparel retailer Revolve has filed for an IPO. Founded in 2003 by co-chief executives Michael Mente and Mike Karanikolas, Revolve is focused on millennial shoppers, both women and men, who rely on technology to browse and shop. The […]

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