There’s a unit inside Amazon that will be a $31 billion business in four years, RBC says

RBC Capital thinks that there is a quickly growing but overlooked part of Amazon’s business – namely, Amazon Business – with revenue that will exceed more than $30 billion in just a few years. “We believe Amazon Business has largely been ignored by investors,” RBC Capital Markets analyst Mark Mahaney said in a note on Friday. Amazon Business has a wide variety of offerings, as customer options range from specific industrial products to as broad as office supplies. RBC estimates Amazon’s business


RBC Capital thinks that there is a quickly growing but overlooked part of Amazon’s business – namely, Amazon Business – with revenue that will exceed more than $30 billion in just a few years.
“We believe Amazon Business has largely been ignored by investors,” RBC Capital Markets analyst Mark Mahaney said in a note on Friday.
Amazon Business has a wide variety of offerings, as customer options range from specific industrial products to as broad as office supplies.
RBC estimates Amazon’s business
There’s a unit inside Amazon that will be a $31 billion business in four years, RBC says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-06  Authors: michael sheetz
Keywords: news, cnbc, companies, rbc, theres, retail, amazon, billion, inside, business, market, amazons, b2b, mahaney, unit


There's a unit inside Amazon that will be a $31 billion business in four years, RBC says

RBC Capital thinks that there is a quickly growing but overlooked part of Amazon’s business – namely, Amazon Business – with revenue that will exceed more than $30 billion in just a few years.

“We believe Amazon Business has largely been ignored by investors,” RBC Capital Markets analyst Mark Mahaney said in a note on Friday.

The unit is Amazon’s business-to-business, or B2B, marketplace, serving a variety of customers from large companies to hospitals, as well as schools and colleges. Amazon Business has a wide variety of offerings, as customer options range from specific industrial products to as broad as office supplies.

“With GMV [gross merchandise volume] over $10B and growing faster than Amazon’s Retail and AWS segments, it continues to gain market share while also triggering seismic changes to ecommerce business models across the industrial distributor landscape, with Underperform-rated Grainger still in the cross hairs,” Mahaney said.

RBC estimates Amazon’s business will see revenue reach $31 billion by 2023, as sales quintuple to $52 billion over the same period.

Amazon launched the unit in 2015, with Mahaney noting that it hit $1 billion in sales its first year. RBC noted Amazon Business last year reached over 2 million customers around the globe, as well as more than 200,000 sellers offering hundreds of millions of products.

Amazon Business has also outstripped its retail e-commerce business and even cloud unit Amazon Web Services (AWS) in growth, RBC said. Mahaney estimated that Amazon Business’ 115% compound annual growth rate over three years was faster than both the retail business, at 28%, as well as AWS, at 48%.

“We believe Amazon is well positioned to gain market share,” Mahaney added.

RBC estimates the total addressable B2B market is $67 trillion, nearly three times the size of the global retail market. The firm says the B2B world is “inefficiently served,” citing in part a relatively low amount of online sales.

“Amazon has the right competencies—substantial competences include logistics, large scale, loyal customer base, and technology infrastructure,” Mahaney said.

RBC has an outperform rating on Amazon’s stock.

– CNBC’s Michael Bloom contributed to this report.


Company: cnbc, Activity: cnbc, Date: 2019-12-06  Authors: michael sheetz
Keywords: news, cnbc, companies, rbc, theres, retail, amazon, billion, inside, business, market, amazons, b2b, mahaney, unit


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US flu season arrives early, driven by an unexpected virus

The U.S. winter flu season is off to its earliest start in more than 15 years. An early barrage of illness in the South has begun to spread more broadly, and there’s a decent chance flu season could peak much earlier than normal, health officials say. The last flu season to rev up this early was in 2003-2004 — a bad one. Some experts think the early start may mean a lot of suffering is in store, but others say it’s too early to tell. There are different types of flu viruses, and the one causing


The U.S. winter flu season is off to its earliest start in more than 15 years.
An early barrage of illness in the South has begun to spread more broadly, and there’s a decent chance flu season could peak much earlier than normal, health officials say.
The last flu season to rev up this early was in 2003-2004 — a bad one.
Some experts think the early start may mean a lot of suffering is in store, but others say it’s too early to tell.
There are different types of flu viruses, and the one causing
US flu season arrives early, driven by an unexpected virus Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-06  Authors: angelica lavito, in angelicalavito
Keywords: news, cnbc, companies, flu, early, arrives, theres, viruses, winter, virus, start, driven, illnesses, really, unexpected, season, severe


US flu season arrives early, driven by an unexpected virus

The U.S. winter flu season is off to its earliest start in more than 15 years.

An early barrage of illness in the South has begun to spread more broadly, and there’s a decent chance flu season could peak much earlier than normal, health officials say.

The last flu season to rev up this early was in 2003-2004 — a bad one. Some experts think the early start may mean a lot of suffering is in store, but others say it’s too early to tell.

“It really depends on what viruses are circulating. There’s not a predictable trend as far as if it’s early it’s going to be more severe, or later, less severe,” said Scott Epperson, who tracks flu-like illnesses for the U.S. Centers for Disease Control and Prevention.

There are different types of flu viruses, and the one causing illnesses in most parts of the country is a surprise. It’s a version that normally doesn’t abound until March or April.

That virus generally isn’t as dangerous to older people — good news, since most flu hospitalizations and deaths each winter occur in the elderly. However, such viruses can be hard on children and people younger than 50.

Louisiana was the first state to really get hit hard, with doctors there saying they began seeing large numbers of flu-like illnesses in October.


Company: cnbc, Activity: cnbc, Date: 2019-12-06  Authors: angelica lavito, in angelicalavito
Keywords: news, cnbc, companies, flu, early, arrives, theres, viruses, winter, virus, start, driven, illnesses, really, unexpected, season, severe


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The pound sterling excites me, says strategist

The pound sterling excites me, says strategistSim Moh Siong of Bank of Singapore says there’s a good chance for further pound strength after the elections in the U.K. He also discusses the outlook for the Chinese yuan.


The pound sterling excites me, says strategistSim Moh Siong of Bank of Singapore says there’s a good chance for further pound strength after the elections in the U.K.
He also discusses the outlook for the Chinese yuan.
The pound sterling excites me, says strategist Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-03
Keywords: news, cnbc, companies, pound, sterling, singapore, theres, strategist, outlook, siong, yuan, excites, strategistsim, strength


The pound sterling excites me, says strategist

The pound sterling excites me, says strategist

Sim Moh Siong of Bank of Singapore says there’s a good chance for further pound strength after the elections in the U.K. He also discusses the outlook for the Chinese yuan.


Company: cnbc, Activity: cnbc, Date: 2019-12-03
Keywords: news, cnbc, companies, pound, sterling, singapore, theres, strategist, outlook, siong, yuan, excites, strategistsim, strength


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If there’s no trade deal this year, ‘I don’t know if I want to be around equities,’ Jeremy Siegel says

If a U.S.-China trade deal is off the table, stay away from the stock market, says Jeremy Siegel, Wharton School professor of finance. The Dow Jones Industrial Average lost more than 250 points after President Donald Trump indicated he might wait until 2020 to strike a trade deal with China. If Trump doesn’t reach a trade deal with China and “the tariffs get put on on Dec. 15 … I don’t know if I want to be around equities then,” Siegel said on CNBC’s Closing Bell on Tuesday. Without a trade re


If a U.S.-China trade deal is off the table, stay away from the stock market, says Jeremy Siegel, Wharton School professor of finance.
The Dow Jones Industrial Average lost more than 250 points after President Donald Trump indicated he might wait until 2020 to strike a trade deal with China.
If Trump doesn’t reach a trade deal with China and “the tariffs get put on on Dec. 15 …
I don’t know if I want to be around equities then,” Siegel said on CNBC’s Closing Bell on Tuesday.
Without a trade re
If there’s no trade deal this year, ‘I don’t know if I want to be around equities,’ Jeremy Siegel says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-03  Authors: yun li
Keywords: news, cnbc, companies, yield, theres, trade, jeremy, tariffs, equities, dont, know, think, stay, siegel, deal, stocks, really, trump


If there's no trade deal this year, 'I don't know if I want to be around equities,' Jeremy Siegel says

If a U.S.-China trade deal is off the table, stay away from the stock market, says Jeremy Siegel, Wharton School professor of finance.

The Dow Jones Industrial Average lost more than 250 points after President Donald Trump indicated he might wait until 2020 to strike a trade deal with China. The White House reportedly still plans on moving ahead with scheduled Dec. 15 tariffs on Chinese goods despite the recent efforts between the two countries to work up phase one of a trade agreement.

If Trump doesn’t reach a trade deal with China and “the tariffs get put on on Dec. 15 … I don’t know if I want to be around equities then,” Siegel said on CNBC’s Closing Bell on Tuesday.

Trump’s comments sparked a flight to safe assets, pushing the yield on benchmark Treasury note to the lowest level since August. Without a trade resolution between the world’s two largest economies, rates are bound to remain low and investors will gravitate towards dividend-paying stocks, Siegel predicted.

“Yields are going to stay really low with Treasuries being a hedge asset like this … Utilities and defensive stocks, anything that gets you yield I think is going to do pretty well in 2020,” Siegel said.

However, Siegel cautioned Trump’s downplaying the urgency to make a deal could be a negotiating tactic.

“Honestly, in my personal opinion, this is just a negotiating tactic — be really tough right before you make a deal. I still think he will make a deal this year,” he said.


Company: cnbc, Activity: cnbc, Date: 2019-12-03  Authors: yun li
Keywords: news, cnbc, companies, yield, theres, trade, jeremy, tariffs, equities, dont, know, think, stay, siegel, deal, stocks, really, trump


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Instagrammers love this iconic spot, but there’s something they don’t want you to see

If there is one thing that Instagram has shown us is that the world is filled with fascinating natural wonders. Unlike other hotspots of the photo-sharing world, Trolltunga — which translates to “Troll’s tongue” — is every bit as beautiful as photographs portray. Interestingly, the website for the regional tourism office keeps it real with an expectation-managing photograph of its most famous spot. It’s common to see photos of breathtaking Preikestolen, or Pulpit Rock, that typically look like t


If there is one thing that Instagram has shown us is that the world is filled with fascinating natural wonders.
Unlike other hotspots of the photo-sharing world, Trolltunga — which translates to “Troll’s tongue” — is every bit as beautiful as photographs portray.
Interestingly, the website for the regional tourism office keeps it real with an expectation-managing photograph of its most famous spot.
It’s common to see photos of breathtaking Preikestolen, or Pulpit Rock, that typically look like t
Instagrammers love this iconic spot, but there’s something they don’t want you to see Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-02  Authors: monica buchanan pitrelli
Keywords: news, cnbc, companies, spot, kjeragbolten, world, photos, instagrammers, line, love, iconic, dont, getty, wait, soldal, visitors, theres, trolltunga, rock


Instagrammers love this iconic spot, but there's something they don't want you to see

If there is one thing that Instagram has shown us is that the world is filled with fascinating natural wonders. The downside? There are few geological secrets anymore. What was once a tribe’s, then a town’s, and eventually a country’s pride and joy is now subject to the whims of the international traveling world — all 1.4 billion of us. Take Norway’s now-famous Trolltunga. Jutting 2,300 feet above the north side of Ringedalsvatnet lake, the natural rock formation resulted from receding glaciers that broke off large, angular blocks from area mountains. It’s easy to see why photos at the site are an instant hit.

Two visitors gaze off Norway’s Trolltunga. Oleh_Slobodeniuk | E+ | Getty Images

The serenity. The solitude.

Trolltunga in Hardangerfjord, Norway. Morten Rustad | 500px Prime | Getty Images

The stillness of the remote surroundings. But widen the frame a bit, and that’s not the story.

Tourism explosion at Trolltunga

A decade ago, fewer than 800 people a year traveled to Trolltunga. Next year, that figure’s expected to hit 100,000. Trolltunga was formed roughly 10,000 years before the advent of the internet, but social media has played a major role in its massive influx. A photo there seems to combine everything we’ve come to expect from online travel photos: distant lands, a touch of daredevilism, breath-taking scenery and a soul-searchingly authentic experience.

Trolltunga, from a different angle. Kotenko_A | iStock Editorial | Getty Images

“Instagram has elevated the interest in the site that really no conventional marketing campaign can do,” said Bo Vibe, head of digital marketing at Fjord Tours. “Getting the ‘selfie’ on the top becomes the end-all for many visitors.” “Facebook has probably had just as much influence as Instagram,” said Jostein Soldal, CEO of Trolltunga Active, citing effective local and national marketing campaigns, word of mouth and the sheer beauty of the area as other factors. Unlike other hotspots of the photo-sharing world, Trolltunga — which translates to “Troll’s tongue” — is every bit as beautiful as photographs portray. But that solemn mood conveyed on social media doesn’t match what’s happening just beyond the selfie-frame.

Tourists wait in line to be photographed on Trolltunga. Kotenko_A | iStock Editorial | Getty Images

As tourist numbers have increased, so have the lines. Visitors who arrive in the summer months have been known to wait longer than three hours to get a photograph on the tongue’s tip. The longest waits often result when good weather follows a long period of rain — and when the average number of visitors increases from 800 to 2,000 per day. Travelers who arrive from June to September should mentally prepare for an average wait of 60 to 90 minutes for a photo opp. “If you are prepared that there will be a line and spend the time just enjoying all the impressive poses many of the tourists are doing, the waiting is not a big issue,” said Soldal. Interestingly, the website for the regional tourism office keeps it real with an expectation-managing photograph of its most famous spot.

Trolltunga’s saving grace – it’s hard to get there

Consistently ranked one of the best hikes in Norway, the journey to reach Trolltunga isn’t an easy one. From Skjeggedal, it’s a 10- to 12-hour hike that covers 28 kilometers and an 800-meter ascent. Hikers need to be fit and equipped with food, water, headlights, hiking boots and other gear. Efforts to inform tourists of this have helped reduce rescue operations from an all-time high of 40 in 2016 to just 12 in 2018. Built in the early 1900s, a funicular called Mågelibanen once made the journey to Trolltunga considerably easier, but it closed in 2012. To date, the only way to reach it is by foot, a fact that suits the local population just fine, says Soldal. “We don’t want more visitors,” he said with a laugh. “Plus, if it’s a five-minute walk, the Trolltunga will lose some of its ‘I did it’ factor.” There is a steep, private road that takes travelers 400 meters up the mountain, but it’s still eight hours of hiking from there. Only 30 cars are allowed to park at a time, and the hairpin turns on the drive aren’t for the faint of heart.

Trolltunga isn’t alone

Trolltunga isn’t Norway’s only site to achieve Insta-fame. It’s common to see photos of breathtaking Preikestolen, or Pulpit Rock, that typically look like this:

Norway’s Preikestolen, or Pulpit Rock. Oleh_Slobodeniuk | E+ | Getty Images

But with 300,000 visitors a year — roughly three times as many visitors as Trolltunga — it’s better to assume it will look more like this in person.

Hiikers at Preikestolen. Xichao Yu | 500px | Getty Images

The journey to Pulpit Rock is a less-arduous, eight-kilometer hike that can be completed in three to four hours, making it a popular stop on the tourist bus and cruise ship circuit. Instagram is also rife with photos of Kjeragbolten, another picture-perfect geological wonder in Norway.

Woman atop Kjeragbolten. kotangens | iStock | Getty Images

But behind-the-scenes photos show that the line at Kjeragbolten is decidedly less zen.

Hikers wait in line to take a photo at Kjeragbolten. Courtesy of Ali Ronca at amsterdamandbeyond.com

How to avoid the crowds

For a less-congested experience, one option is to book an off-season tour. Winter tours reward visitors with open trails, little to no waits and beautiful snow-covered views, though the hike is more difficult and conditions can be too slick to step out onto the troll’s tongue. Off-season hikes — from October to May — can be dangerous for novices and should not be attempted without a guide. Early morning starts in high season are also possible, though it adds the extra challenge of hiking in darkness.

It’s an area where all logic says is not a place to settle down. And we have managed it for 8,000 years. Jostein Soldal CEO, Trolltunga Active


Company: cnbc, Activity: cnbc, Date: 2019-12-02  Authors: monica buchanan pitrelli
Keywords: news, cnbc, companies, spot, kjeragbolten, world, photos, instagrammers, line, love, iconic, dont, getty, wait, soldal, visitors, theres, trolltunga, rock


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There’s absolutely no escape from the Brexit issue, UK lawmaker says

There’s absolutely no escape from the Brexit issue, UK lawmaker saysBritish lawmaker Chuka Umunna discusses how Brexit is playing into the U.K.’s election debate.


There’s absolutely no escape from the Brexit issue, UK lawmaker saysBritish lawmaker Chuka Umunna discusses how Brexit is playing into the U.K.’s election debate.
There’s absolutely no escape from the Brexit issue, UK lawmaker says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-02
Keywords: news, cnbc, companies, theres, absolutely, uks, lawmaker, issue, brexit, umunna, saysbritish, escape, playing


There's absolutely no escape from the Brexit issue, UK lawmaker says

There’s absolutely no escape from the Brexit issue, UK lawmaker says

British lawmaker Chuka Umunna discusses how Brexit is playing into the U.K.’s election debate.


Company: cnbc, Activity: cnbc, Date: 2019-12-02
Keywords: news, cnbc, companies, theres, absolutely, uks, lawmaker, issue, brexit, umunna, saysbritish, escape, playing


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December could be a good month for the stock market, but there’s one big risk

The S&P 500 is up more than 25% for the year. Best month of year2019 has turned out to be a very good year for the market, with the Jan. 1 to Thanksgiving Day period the 14th best for the S&P 500 since 1928, according to Bespoke. The 25.5% gain in the S&P 500 was the best for the period since 2013, and now the market enters a typically strong period. “December is the best month of the year. The S&P 500 was up 3.4% to 3,140, and the Dow closed Friday at 28,051, up 3.7% for the month of November.


The S&P 500 is up more than 25% for the year.
Best month of year2019 has turned out to be a very good year for the market, with the Jan. 1 to Thanksgiving Day period the 14th best for the S&P 500 since 1928, according to Bespoke.
The 25.5% gain in the S&P 500 was the best for the period since 2013, and now the market enters a typically strong period.
“December is the best month of the year.
The S&P 500 was up 3.4% to 3,140, and the Dow closed Friday at 28,051, up 3.7% for the month of November.
December could be a good month for the stock market, but there’s one big risk Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-11-29  Authors: patti domm
Keywords: news, cnbc, companies, theres, think, market, best, data, average, stock, risk, month, report, big, 500, trade, good


December could be a good month for the stock market, but there's one big risk

The Charging Bull near Wall Street is pictured in New York. Carlo Allegri | Reuters

Stocks have had a bang-up year so far, and they’re heading straight into the month that is often the best of all. The S&P 500 is up more than 25% for the year. Thanksgiving week was technically positive for the market, with the small cap Russell 2000 breaking out, joining other indexes in an uptrend. Stocks, however, were lower Friday in sluggish trading after the Thanksgiving holiday. Through Wednesday, the Dow, Nasdaq and S&P 500 had all popped to new record highs, with consumer discretionary and tech names leading the market higher this past week. The Russell 2000 is not yet back to its highs, but it pushed above its previous 52-week high, in a healthy sign for the overall market. In the coming week, investor focus will move more intently to the topic of trade, and that is what will make or break the rally at year-end. President Donald Trump has promised that a preliminary trade deal with China is close, but there still is no agreement and the Dec.15 deadline for new tariffs is getting closer. Trump’s signing of legislation Wednesday supporting the Hong Kong protesters drew a negative reaction from Beijing and adds more uncertainty to trade talks. The health of the economy is also a factor for markets, and there is some key data, with the ISM manufacturing report on Monday followed by the government’s all-important monthly jobs data on Friday.

Best month of year

2019 has turned out to be a very good year for the market, with the Jan. 1 to Thanksgiving Day period the 14th best for the S&P 500 since 1928, according to Bespoke. The 25.5% gain in the S&P 500 was the best for the period since 2013, and now the market enters a typically strong period. “December is the best month of the year. The S&P is up 1.6 percent on average. It also has the highest frequency of advances, up 76% of the time,” said Sam Stovall, chief investment strategist at CFRA. December is also the least volatile month of all, but it could see some bumps. “The market tends to go through a mid-December low, which then represents a good buying opportunity, at least through the end of January,” Stovall said, adding he thinks the decline would be no more than 5%. “I don’t think we need a big pullback or a correction. A mid-single digit decline would be sufficient.” Stovall said 2019 was set up to win because of the way the year started, following the sharp sell-off last December. When the months of January and February are higher, the S&P 500 has an average total return of 24%, according to data going back to 1945. If the following year does not see have a similar double gain in January and February, it still does fairly well with a normal average return of 8% to 9%, he said. The market’s performance for the entire year also bodes well for a positive move into year-end, according to Bespoke. Since 1928, when stocks are up 20% or more by Thanksgiving, like this year, the S&P 500 usually ends the year even higher, with an average gain of 1.8% between Black Friday and New Year’s Eve, Bespoke noted.

S&P Sub-industry sector performance

Stovall also looked at sector performance for December, going back to 1995 and found that some of the worst performing S&P sub-industry sectors were retail oriented and are highly dependent on good holiday sales. On average, computer and electronics retailers were weakest, off 4.5%, followed by leisure products off 2.2% and department stores, off 0.9%. Specialty stores and apparel and luxury goods were also among the 10 poorest performers. While 87% of the sub-industry sectors were positive, the top performer was homebuilding, up 4.5 %, followed by home improvement retail. “You want to buy now what nobody wants to own,” said Stovall, noting the market is forward pricing so investors are looking ahead to building activity picking up in spring and summer when they dip into homebuilders. Companies that sell fertilizers also do well in December. Stocks on Friday closed out their best monthly performance since June. The S&P 500 was up 3.4% to 3,140, and the Dow closed Friday at 28,051, up 3.7% for the month of November. Technology was the best performing sector for the month, gaining 5.2%. That helped drive the Nasdaq up 4.5% for the month to 8,665. Biotech was also a top performer, helping lift the Russell 2000, which gained 4% in November to 1,624. The IBB iShares Nasdaq Biotechnology ETF was up 11% for the month.

Trade tensions

The big risk to the market in December is the outcome of trade talks, but economic reports will be important as investors continue to assess whether the Fed was right in ending its rate cuts. The economy has shown some signs of picking up, and a string of improved data has led economists to look for better growth in the fourth quarter. But the critical driver of growth continues to be the consumer, so holiday sales will be an important indicator to watch. Employment data remains the most important of the economic reports, since a strong labor market is crucial for consumer confidence and spending. Economists expect the economy added 183,000 jobs in November, according to Refinitiv. The economy added 128,000 jobs in October, even with the negative drag of 46,000 striking GM workers and the reduction of 17,000 federal government jobs, due to the end of temporary employment for Census workers. “For the employment report, we think one factor that is likely to result in a slightly stronger headline payroll number is the fact we will now count the GM workers that were on strike,” said Barclays economist Pooja Sriram. “We estimated 36,000 to 40,000 were left out of the report in October. We think they’re to be counted as part of the November report. Much of that is going to be seen in private payrolls and especially in manufacturing payrolls.”

In October, ISM manufacturing activity improved, and even though it remained in contraction, some economists said the slowdown may be showing signs of bottoming. The ISM index is expected to be at 49.4, still shy of 50, which shows expansion, but better than October’s 48.3. “We still think it’s going to be a sub-50 print,” said Sriram. October’s durable goods report showed a surprise gain in business investment when economists had expected to see contraction. Sriram said the speed of decline in manufacturing has certainly slowed, and she is watching the data closely. “I don’t think we’re comfortable saying we bottomed,” she said. OPEC and Russia hold meetings in Vienna on Thursday and Friday, and analysts expect them to extend their production cutting agreement. However, Russia may seek to change the rules for how it counts its petroleum output, so the meeting may not be as predictable as expected, some analysts say.

Week ahead calendar


Company: cnbc, Activity: cnbc, Date: 2019-11-29  Authors: patti domm
Keywords: news, cnbc, companies, theres, think, market, best, data, average, stock, risk, month, report, big, 500, trade, good


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Weekly mortgage refinance applications surge over 300% from a year ago, but there’s a catch

Continued low mortgage rates are keeping bankers busy, as refinance applications continue to rise. Refinance volume helped push total mortgage application volume up 1.5% last week compared with the previous week. This week’s annual comparisons are skewed, however, because last year the Thanksgiving holiday fell one week earlier, so these results are being measured against a holiday week. Annual comparisons are also widening because mortgage rates are so much lower now than they were a year ago.


Continued low mortgage rates are keeping bankers busy, as refinance applications continue to rise.
Refinance volume helped push total mortgage application volume up 1.5% last week compared with the previous week.
This week’s annual comparisons are skewed, however, because last year the Thanksgiving holiday fell one week earlier, so these results are being measured against a holiday week.
Annual comparisons are also widening because mortgage rates are so much lower now than they were a year ago.

Weekly mortgage refinance applications surge over 300% from a year ago, but there’s a catch Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-11-27  Authors: diana olick, in dianaolick, sam meredith
Keywords: news, cnbc, companies, compared, week, rates, higher, borrowers, holiday, refinance, mortgage, 300, surge, ago, catch, weekly, theres, applications, volume


Weekly mortgage refinance applications surge over 300% from a year ago, but there's a catch

Continued low mortgage rates are keeping bankers busy, as refinance applications continue to rise.

Refinance volume helped push total mortgage application volume up 1.5% last week compared with the previous week. Volume was 153% higher compared with the same week one year ago. This week’s annual comparisons are skewed, however, because last year the Thanksgiving holiday fell one week earlier, so these results are being measured against a holiday week.

Annual comparisons are also widening because mortgage rates are so much lower now than they were a year ago. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($484,350 or less) decreased to 3.97% last week from 3.99% the previous week, with points dropping to 0.30 from 0.33 (including the origination fee) for loans with a 20% down payment. The rate was 115 basis points higher the same week one year ago, at 5.12%

“Mortgage rates stayed below 4% for the second straight week and borrowers responded positively,” said Joel Kan, MBA’s associate vice president of economic and industry forecasting. “Refinances have been strong this month, but we are starting to see the average pace slow compared to the peak experienced in August through October.”

Mortgage applications to refinance a home loan rose 4% for the week and were 314% higher compared with the same week one year ago, again, largely because of the holiday comparison. Refinance volume has been wobbling a bit lately week to week. So many borrowers have already refinanced to rock-bottom rates, so there is a dwindling pool of eligible candidates. Also, rates have been relatively steady for a while, which gives borrowers less incentive to jump into a refinance.

Mortgage applications to purchase a home fell 1% for the week and were 55% higher than the same week one year ago. That annual comparison should probably be ignored, as it has been in the single digits all year. Purchase volume is better than it was a year ago, but buyers are still facing a very tight and pricey housing market. Home price gains are accelerating again, and the supply of homes for sale has been falling for several months.


Company: cnbc, Activity: cnbc, Date: 2019-11-27  Authors: diana olick, in dianaolick, sam meredith
Keywords: news, cnbc, companies, compared, week, rates, higher, borrowers, holiday, refinance, mortgage, 300, surge, ago, catch, weekly, theres, applications, volume


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Some consumers can’t get the drugs they need because the price is too low

Some consumers can’t get the drugs they need because the price is too lowExpensive drugs can prevent consumers from getting the medicine they need, but so can low-cost drugs. CNBC’s Meg Tirrell explains what happened and why there’s a gap in the market.


Some consumers can’t get the drugs they need because the price is too lowExpensive drugs can prevent consumers from getting the medicine they need, but so can low-cost drugs.
CNBC’s Meg Tirrell explains what happened and why there’s a gap in the market.
Some consumers can’t get the drugs they need because the price is too low Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-11-27
Keywords: news, cnbc, companies, low, market, need, price, medicine, theres, cant, drugs, prevent, meg, tirrell, consumers


Some consumers can't get the drugs they need because the price is too low

Some consumers can’t get the drugs they need because the price is too low

Expensive drugs can prevent consumers from getting the medicine they need, but so can low-cost drugs. CNBC’s Meg Tirrell explains what happened and why there’s a gap in the market.


Company: cnbc, Activity: cnbc, Date: 2019-11-27
Keywords: news, cnbc, companies, low, market, need, price, medicine, theres, cant, drugs, prevent, meg, tirrell, consumers


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Here’s a breakdown of most in-demand skills for 2020—in finance, marketing, sales and engineering

There’s a strong demand for advanced tech skills in the workforce, and that demand won’t be slowing down any time soon. That’s according to Udemy’s 2020 Workplace Learning Trends Report, which indicates workers across some of the largest industries are heavily focused on learning data science and technology skills. The online learning platform analyzed user data to determine what classes are the most popular among engineering, marketing, sales and financial teams that use its workplace learning


There’s a strong demand for advanced tech skills in the workforce, and that demand won’t be slowing down any time soon.
That’s according to Udemy’s 2020 Workplace Learning Trends Report, which indicates workers across some of the largest industries are heavily focused on learning data science and technology skills.
The online learning platform analyzed user data to determine what classes are the most popular among engineering, marketing, sales and financial teams that use its workplace learning
Here’s a breakdown of most in-demand skills for 2020—in finance, marketing, sales and engineering Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-11-26  Authors: jennifer liu
Keywords: news, cnbc, companies, data, workers, finance, workplace, tech, learning, breakdown, 2020in, sales, heres, indemand, udemys, engineering, theres, marketing, skills, theyre


Here's a breakdown of most in-demand skills for 2020—in finance, marketing, sales and engineering

There’s a strong demand for advanced tech skills in the workforce, and that demand won’t be slowing down any time soon.

That’s according to Udemy’s 2020 Workplace Learning Trends Report, which indicates workers across some of the largest industries are heavily focused on learning data science and technology skills.

The online learning platform analyzed user data to determine what classes are the most popular among engineering, marketing, sales and financial teams that use its workplace learning service.

For workers in marketing and finance, SQL — or Structured Query Language — is listed one of the top skills to master in 2020. SQL, a programming language, was also cited as the most in-demand tech skill in a recent report from jobs website Indeed.

“The overall takeaway is that organizations are becoming more data driven,” Jennifer Juo, who leads Udemy’s content marketing team, tells CNBC Make It. “That’s partly because they’re harnessing the power of AI, and there’s a need to analyze and process data across all kinds of roles.”

Of course, soft skills remain crucial across all industries. According to a survey conducted by IBM, executives listed flexibility, time management and the ability to work well in teams as some of top skills they’re hiring for right now.

Here are the top five trending skills for software engineers, marketers, sales professionals and finance professionals:


Company: cnbc, Activity: cnbc, Date: 2019-11-26  Authors: jennifer liu
Keywords: news, cnbc, companies, data, workers, finance, workplace, tech, learning, breakdown, 2020in, sales, heres, indemand, udemys, engineering, theres, marketing, skills, theyre


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