Health-care companies claim they are not threatened by Amazon's potential foray into the space. A recent lawsuit suggests otherwise.Technologyread more
It wasn't supposed to be this way: The 2017 tax cut and aggressive moves toward deregulation were supposed to pull the U.S. economy out of its glacial move higher.Economyread more
The yield on the benchmark 10-year Treasury note fell below 2% for the first time since November 2016 on Wednesday.Bondsread more
Slack pursued an unusual direct listing, meaning it did not have banks underwrite the offering.CNBC Disruptor 50read more
President Trump says Iran may not have intentionally downed an unmanned U.S. surveillance drone.Politicsread more
Slack's public market debut on Thursday will generate billions for venture firm Accel and healthy returns for Andreessen Horowitz and Social Capital.Technologyread more
The road to the Fed's policy pivot to lower interest rates began in early May, with a tweet from President Trump on trade.Market Insiderread more
See which stocks are posting big moves after the bell on June 20.Market Insiderread more
Chairman Jerry Nadler, D-N.Y., said in a statement that lawyers for the Trump administration blocked Hicks from answering questions 155 times during the Wednesday hearing.Politicsread more
Jim Cramer says "you'll want to keep some powder dry so you can buy into weakness and get some real bargains."Mad Money with Jim Cramerread more
CNBC analysis using Kensho found that Disney, Verizon and Home Depot were some of the best performing Dow stocks in declining-rate environments.Investingread more
LONDON, May 8 (Reuters) - Britons splashed out in bars and restaurants at the expense of retailers in the Easter holidays last month, surveys showed on Wednesday, and there were signs that households were turning less worried about Brexit.
The British Retail Consortium (BRC) said shops sales failed to meet expectations in April despite recording an annual 4.1 percent jump which in part reflected the timing of the Easter holidays. That compared with a 0.5 percent decline in March.
Separate figures from payments company Barclaycard - which includes entertainment and travel as well as shopping - also showed consumers were more willing to spend last month, especially in bars and restaurants.
Consumer spending, along with stockpiling by manufacturers ahead of Brexit, has helped to support Britain's economy just as businesses, unnerved by uncertainty over the country's departure from the European Union, cut back on investment.
"Retail sales were below expectation this month as the sunshine over the Easter weekend persuaded many to pursue recreational, rather than retail, activities," BRC chief executive Helen Dickinson said.
Barclaycard said spending at pubs and restaurants increased 13 and 10 percent in annual terms respectively, contributing to a 2.5 percent rise in overall consumer spending last month.
By contrast, airline spending fell by 4.8 percent, the weakest performance for the category since Barclaycard started tracking it in 2015.
Barclaycard said the latest delay to the Brexit deadline until the end of October, combined with warmer weather, seemed to have boosted the mood of Britons - 33 percent of consumers felt confident about the economy, up from 26 percent in March.
But shoppers remained cautious - 61 percent said they expected no change to their spending plans for May and only one in 10 said they were likely to spend on big-ticket items due to the Brexit delay. (Reporting by Andy Bruce Editing by William Schomberg)