UK wages rise at fastest rate since 2008, but unemployment also up: Morning Brief



Article summary
The pot company is expected to report a loss of 26 cents per share on $40.3 million in revenue, according to data compiled by Bloomberg. After Tilray’s meteoric stock rise in 2018, shares have failed to impress investors this year. The stock is down 40% so far in 2019. The options market is implying a 9.6% move in either direction following its report.
Weekly wages including bonuses increased by 3.7% in the year to June to £538, the highest increase since 2008, according to the Office for National Statistics . The number of people looking for work increased by 0.1% to 3.9% between April and June, according to Office for National Statistics data published on Tuesday. Economists had predicted it would hold steady. The yuan has weakened nearly 2.4% since U.S. President Donald Trump threatened earlier this month to impose more tariffs on Chinese goods from Sept.
1, though there are signs China is trying to stem the declines. Tumblr was acquired by Yahoo for more than $1 billion in 2013 and Verizon acquired it as part of its deal for Yahoo in 2015.