Indexes closed off their highs on Wednesday following the disbanding of two business councils by President Donald Trump after several chief executives quit in protest over his remarks on white nationalists.Read More »
Over the past year, an index of stocks linked to space exploration and the space industry compiled by the hedge fund analytics tool Kensho has also soared. Kensho's space index is up over 27 percent in a period where the S&P 500 gained 12.5 percent. The top performing components: Boeing (BA), which jumped 82 percent, II-VI (IIVI), up 68 percent and Aerojet (AJRD), which gained 53 percent.
Raising the minimum wage may be one of the biggest factors in creating more automated jobs. A sharp minimum wage increase in the U.S. will most severely impact low-skilled workers, according to an analysis of U.S. Census Bureau “Current Population Survey” data from 1980 to 2015 by economists Grace Lordan from the London School of Economics and David Neumark from the University of California at Irvine. “The findings imply that groups often ignored in the minimum wage literature are in fact quite vulnerable to employment changes and job loss because of automation following a minimum wage increase,” the paper — distributed by the National Bureau of Economic Research in Cambridge, Mass. — concluded.
TOKYO (AP) — Shares were mixed in narrow trading Thursday, with European benchmarks falling back after recent gains. Japan's Nikkei 225 index slipped as the yen strengthened against the U.S. dollar, despite the release of upbeat trade data for July.KEEPING