Stocks edge higher as trade deadline nears, oil falls
Global equity markets rose on Wednesday as investors expected U.S. President Donald Trump would delay his promised new tariffs on Chinese goods, while oil prices fell after data showed an unexpected rise in U.S. crude inventories.
Home Depot says peak investments to pressure 2020 margins
Home Depot Inc , the No. 1 U.S. home improvement chain, on Wednesday forecast 2020 sales below Wall Street expectations and said major investments in its online overhaul program would pressure margins next year.
Toyota names new North America CEO as industry faces unprecedented shift
Toyota Motor Corp on Wednesday said its North America chief executive, Jim Lentz, would retire on April 1, and tasked the unit’s chief operating officer, Tetsuo “Ted” Ogawa, with navigating an industry shift to electrification and automation.
China retaliatory tariffs cost billions in lost consumption: study
Tariffs slapped by China on U.S. products cost the most affected communities billions of dollars in lost auto sales in 2018 as the hit to local incomes undercut household spending, according to an analysis released on Wednesday by the National Bureau o…
Explainer: What the U.S. Federal Reserve will be watching in 2020
The U.S. Federal Reserve is expected to keep interest rates unchanged when it wraps up its final policy meeting of the year on Wednesday.
American Eagle sees dull holiday quarter on higher markdowns
American Eagle Outfitters Inc forecast holiday-quarter profit and comparable sales below market expectations on Wednesday, as the apparel retailer ramps up promotions to counter sluggish demand for its flagship AE brand.
Thyssenkrupp’s elevator unit eyes margin lift as sale nears
Thyssenkrupp’s elevator unit, which has been put up for sale by the ailing conglomerate, will cut costs, add lucrative service contracts and boost factory efficiency in a bid to raise margins and increase its appeal to potential buyers.
‘Vindication’ – Saudi Arabia hails 10% debut jump in Aramco shares
Saudi Aramco shares surged the maximum permitted 10% above their IPO price on their Riyadh stock market debut on Wednesday, in a move hailed by the government as a vindication of its towering $2 trillion valuation of the state oil company.
European stocks nudge down as trade deadline looms
European shares fell on Wednesday as the deadline approached for new U.S. tariffs on Chinese goods and investors awaited the outcome of major central bank policy meetings.
Home Depot forecasts 2020 sales growth below expectations
Home Depot Inc on Wednesday forecast fiscal 2020 sales growth below Wall Street expectations, three weeks after the home improvement chain cut its 2019 sales forecast.
