U.S. second-quarter GDP growth revised to 2.0%
The U.S. economy slowed a bit more than initially thought in the second quarter as the strongest growth in consumer spending in 4-1/2 years was offset by declining exports and a smaller inventory build.
AirAsia close to adjusting Airbus order plans: sources
AirAsia Group Bhd will announce on Friday an adjustment to its large Airbus SE order plans, confirming at least part of its order for A330neos while making room for the A321XLR, two people familiar with the matter said.
Stock futures jump after China’s positive comments on trade
U.S. stock index futures jumped about 1% on Thursday as China sounded upbeat about its trade talks with the United States, calming investors unnerved by the prospect of a recession.
Best Buy’s annual sales outlook misses estimates as tariffs loom
Best Buy Co Inc forecast annual same-store sales below analysts’ estimates on Thursday, citing new U.S. tariffs set to be imposed on Chinese imports, such as phones, video game consoles and other electronics.
Dollar Tree’s same-store sales exceed Wall Street expectations
Dollar Tree Inc reported better-than-expected quarterly same-store sales on Thursday as the company’s Family Dollar chain posted its best growth since being acquired in 2015.
Tencent scraps plan to invest $150 million in Chinese education firm VIPKid: sources
Tencent has shelved plans to invest about $150 million to lead a fresh fundraising round for Chinese education firm VIPKid, two people with knowledge of the matter said, as Beijing tightens oversight of online education platforms.
Best Buy misses quarterly same-store sales estimates
Best Buy Co Inc reported a smaller-than-expected rise in quarterly same-store sales on Thursday, as the biggest U.S. consumer electronics retailer sold fewer video game consoles and other entertainment products.
Argentine bonds plumb new lows as government eyes extending debt maturities
Argentina’s international dollar bonds fell to new record lows on Thursday and its debt-insurance costs rocketed after the government announced plans to “reprofile” some debt, leaving investors scrambling to assess what kind of hit they might face.
Thyssenkrupp CEO’s last roll of the dice: sell the family silver
Thyssenkrupp CEO Guido Kerkhoff has little choice but to sell the group’s prized elevator division lock, stock and barrel so he can save the conglomerate’s remaining businesses, four sources close to the German company said.
Jeweller Pandora aims to regain sparkle after LA relaunch
Danish jewellery maker Pandora is stepping up efforts to win back shoppers with a brand relaunch in Los Angeles, plus new themed collections based on Harry Potter and Walt Disney’s Frozen and a revamp of its stores.
