U.S. does not intend to intervene in currency markets for now, Mnuchin tells Bloomberg
U.S. Treasury Secretary Steven Mnuchin said on Wednesday the United States does not intend to intervene in currency markets for now, Bloomberg News reported.
PVH cuts profit and revenue forecast as tariffs, Hong Kong protests bite
PVH Corp cut its full-year profit forecast for the second time this year on Wednesday, as the Calvin Klein owner sees pressure from the protracted U.S-China trade tensions and the ongoing protests in Hong Kong.
Trump to announce plan to boost biofuel demand soon: U.S. agriculture secretary
U.S. President Donald Trump will announce a plan to boost demand for biofuels within weeks, his secretary of agriculture said on Wednesday, as the administration seeks to assuage farmers angered by its expanded use of oil refinery waivers.
USDA to probe beef market after Tyson Foods slaughterhouse fire
U.S. Agriculture Secretary Sonny Perdue ordered an investigation into widening prices between cattle and beef on Wednesday after a recent fire at a Tyson Foods Inc slaughterhouse in Holcomb, Kansas, shut the plant.
Retailers howl as U.S. trade agency locks in 15% tariffs on Sept. 1
The Trump administration on Wednesday made official its extra 5% tariff on $300 billion in Chinese imports and set collection dates of Sept. 1 and Dec. 15, prompting hundreds of U.S. retail, footwear, toy and technology companies to warn of price hikes…
Forever 21 prepares for potential bankruptcy filing: Bloomberg
Fashion retailer Forever 21 Inc is preparing for a potential bankruptcy filing, Bloomberg reported on Wednesday, citing people with knowledge of the plans.
Fed’s Daly says her ‘bias’ is to run hot U.S. economy
San Francisco Federal Reserve President Mary Daly on Thursday signaled support for continued U.S. monetary policy accommodation, saying she believes the benefits of running a “hot” economy currently outweigh the potential costs.
Boeing wins $500 million U.S. defense contract: Pentagon
Boeing Co has been awarded a $500 million contract for providing F-15QA aircrew and maintenance training to Qatar’s air force, the Pentagon said on Wednesday.
Calvin Klein owner PVH cuts full-year profit, revenue forecast
PVH Corp cut its full-year profit and revenue forecast on Wednesday, as the Calvin Klein owner sees pressure from the escalating trade tensions between the U.S. and China and the ongoing protests in Hong Kong.
U.S. judge rules for Regeneron, Sanofi in Amgen cholesterol drug patent fight
A U.S. judge on Wednesday set aside a jury verdict that found Amgen Inc patents on its cholesterol drug Repatha were valid, handing a victory to Regeneron Pharmaceuticals Inc and Sanofi SA, which sells a rival drug.
