UPDATE 1-Economists say fundamentals strong despite British retail sales dip Sterling slid half a cent against the dollar after the Office for National Statistics reported a 0.2 percent fall in June retail sales on Thursday, prompting traders to reconsider bets on a Bank of England rate rise before the end of the year. "The retail sales numbers are slightly disappointing relative to consensus... may take some wind out of the sails of an...
| By: David Milliken and Andy Bruce
Families face tough decisions as cost of elder care soars NEW YORK- Doris Ranzman had followed the expert advice, planning ahead in case she wound up unable to care for herself one day. Even with insurance and her Social Security check, Ranzman still had to come up with around $4,000 every month to cover her care in the Amsterdam Nursing Home in Manhattan. The cost of staying in a nursing home has climbed at twice the rate of...
Source: The Associated Press
| By: By MATTHEW CRAFT, AP Business Writer
September Fed rate hike likely: Sonders Liz Ann Sonders, Chief Investment Strategist at Charles Schwab, says the Fed could move in September and then pause for a while until economic data and market sentiment improves.
Greece's 'fantasy politics' ringing alarm bells U.K. Labour Party politician and contender for the leadership of the party, Liz Kendall, has attacked the Greek government, which has so far failed to reach a compromise with creditors, comparing their methods to "fantasy".
| By: Jenny Cosgrave
Walgreens Boots profit beats on higher prescription sales July 9- Drugstore chain Walgreens Boots Alliance Inc, formed by Walgreens' takeover of Europe's Alliance Boots in December, reported a better-than-expected quarterly profit, helped by higher prescription sales and lower costs. Walgreens Boots Alliance also bought Avon Products Inc's U.K.- based Liz Earle skincare business for 140 million pounds.