Weak holiday sales at Kohl’s, J.C. Penney spell more trouble for stores
Kohl’s Corp and J.C. Penney Co Inc reported lower holiday season sales on Thursday, a sign that traditional brick-and-mortar retailers struggled to compete with record-breaking online shopping between Thanksgiving and New Year’s Day.
U.S. weekly jobless claims fall, but labor market cooling
New applications for U.S. jobless benefits fell more than expected last week, but the labor market appears to be cooling, with the number of Americans on unemployment rolls surging to more than a 1-1/2-year high at the end of 2019.
Tech rally, trade hopes boost Wall Street to record highs
U.S. stocks hit record highs on Thursday as Middle East tensions eased, optimism about a U.S.-China trade deal rose and several brokerages boosted price targets on high-profile companies.
Ackman avoids limelight even as Pershing Square posts record 2019
Two years ago, investor William Ackman, who pushes corporations to perform better, took his own advice and laid out a plan for a comeback after years of losses.
Oil slips as focus shifts from Iran tensions to U.S. crude stocks
Oil prices retreated further on Thursday after sharp losses in the previous session, as the market shifted its focused towards rising U.S. crude stocks and away from fears of an imminent escalation of conflict between the United States and Iran.
Kinder Morgan sells Pembina shares for $764 million
Pipeline operator Kinder Morgan Inc said on Thursday it sold the 25 million shares in Canada’s Pembina Pipeline Corp that it received when Pembina bought Kinder Morgan Canada for $764 million.
Takeaway shareholders approve Just Eat acquisition: company
Dutch food ordering company Takeaway.com said on Thursday its shareholders had approved plans for the company’s proposed 5.9 billion pound ($7.7 billion) acquisition of British peer Just Eat PLC.
Wall Street hits record high on trade optimism, FAANG rally
U.S. stock indexes hit record highs at the open on Thursday after the United States and Iran pulled back from new military action, while firming optimism about a U.S.-China trade deal added to the upbeat mood.
Weak holiday sales at Kohl’s, J.C. Penney spell further trouble for traditional retailers
Kohl’s Corp and J.C. Penney Co Inc posted weak holiday season sales on Thursday, affirming that traditional brick-and-mortar retailers struggled to compete with record-breaking online shopping between Thanksgiving and New Year’s Day.
Concerns over U.S. Latecoere purchase overblown: Dassault CEO
Concerns among French lawmakers about aerospace firm Latecoere’s sale to a U.S. fund are “overblown”, the head of its major client Dassault Aviation said on Thursday.
