Earnings Outlook: IBM earnings: Security is growing fast, but is it enough money to matter?

Earnings Outlook: IBM earnings: Security is growing fast, but is it enough money to matter?
In the continuing story of International Business Machines Corp.’s attempt to transform itself for the new age, one large focus will be how the tech company is taking advantage of a heightened security climate, and if IBM’s offerings will make enough money to move a heavy needle. IBM’s IBM, -0.38%  “Strategic Imperatives” group — which includes the security business —... Read More

CryptoWatch: Coinbase says it’s exploring adding 5 news coins to its platform, as bitcoin slips

CryptoWatch: Coinbase says it’s exploring adding 5 news coins to its platform, as bitcoin slips
Coinbase, the most popular digital-currency platform in the U.S., late Friday said it is exploring adding five new cryptocurrencies to its suite of offerings, which currently includes bitcoin and Ethereum’s Ether. Up for consideration is the following crypto quintet, according to Coinbase: Cardano Ticker: ADA—The asset is often likened to Ethereum, which offers smart-contract capabilities Basic Attention Token Ticker: BAT—The... Read More

NewsWatch: This high-flying index is signaling that the stock market and the U.S. economy are just fine

NewsWatch: This high-flying index is signaling that the stock market and the U.S. economy are just fine
MARKETWATCH FRONT PAGE Freight Transportation Services Index is booming — and that’s bullish for stocks, writes Mark Hulbert. See full story. Cheese prices crumble — but the global trade dispute could halt their drop Record U.S. supplies of cheese have contributed to a drop in prices this year, but prices may find hope of a turnaround in a prolonged global... Read More

Airbnb guests spend less money in black and Hispanic neighborhoods

Airbnb guests spend less money in black and Hispanic neighborhoods
Last year, Airbnb partnered with the NAACP to help encourage more people of color to list their properties on the short-term rental site. The hope was that this would benefit not only African-American and Hispanic property owners, but also nearby businesses given that 50% of guest spending occurs in the neighborhoods where guests stay, according to Airbnb. However, the spillover... Read More

CFPB says Department of Education is obstructing suit against student loan giant

CFPB says Department of Education is obstructing suit against student loan giant
The Consumer Financial Protection Bureau is accusing the Department of Education of getting in the way of its lawsuit against a student loan giant. The accusation from the consumer watchdog comes in a case the agency filed last year against Navient, alleging the student loan company caused borrowers to struggle unnecessarily by steering them towards repayment plans that weren’t in... Read More

What NOT to buy on Amazon Prime Day

What NOT to buy on Amazon Prime Day
Amazon Prime Day is highly anticipated for some online shoppers — but others might be better off waiting until the sounds of jingle bells are in the air to hunt for bargains. The site’s promotion is set to take place on July 16 and 17. This year, the average shopper is expected to spend $167 during the event, including $70... Read More

Futures Movers: Oil prices rise, but post sharp weekly loss amid expectations for rising Libyan output

Futures Movers: Oil prices rise, but post sharp weekly loss amid expectations for rising Libyan output
By Markets/commodities reporter Oil prices climbed on Friday, but posted sharp losses for the week, as traders weighed concerns over resurgent Libyan supply and global trade disputes against indications of tighter crude supply and shrinking spare output capacity. August West Texas Intermediate crude CLQ8, +0.50% the U.S. benchmark, tacked on 68 cents, or 1%, to settle at $71.01 a barrel.... Read More