U.S. official says China far short of soybean purchase pledge after small sale
China has purchased about only half the U.S. soybeans it pledged to buy earlier this year, a U.S. Department of Agriculture official said on Thursday, after a small sale was reported amid the two countries’ escalating trade war.
Exclusive: Biofuels company proposes to buy fire-damaged Philadelphia refinery
A biofuels producer said on Thursday it is proposing to acquire the fire-damaged Philadelphia Energy Solutions refinery and convert it to make renewable diesel and jet fuels.
Gap same-store sales disappoint as Old Navy struggles
Gap Inc posted quarterly same-store sales that fell short of analysts’ estimates on Thursday, as Old Navy suffered its worse comparable sales figures in three years ahead of a planned spin-off of the brand.
Salesforce revenue forecast beats estimates, shares rise 7%
Salesforce.com Inc forecast third-quarter revenue above Wall Street estimates on Thursday, encouraged by more companies opting for its cloud-based services, sending its shares up 7% in extended trading.
Guggenheim’s Scott Minerd warns world bond markets are in a ‘bubble’
The bond market is in a “bubble,” particularly sovereign debt, Guggenheim Partners global chief investment officer Scott Minerd warned on Thursday, and he said that efforts by the Federal Reserve to head off a recession by cutting interest rates will u…
Stocks edge lower as investors eye Fed’s Jackson Hole meeting
An index of stock markets worldwide crept lower on Thursday on uncertainty over the outlook for U.S. interest rate cuts and weak U.S. manufacturing data that raised concerns about the health of the world’s largest economy.
Gap same-store sales miss estimates as top brands disappoint
Gap Inc’s quarterly same-store sales fell short of analysts’ estimates on Thursday, hit by weakness at its Gap and Old Navy brands, sending its shares down 5% in extended trading.
Two Fed officials see no case for rate cut now; Kaplan ‘open-minded’
Underscoring divisions within the Federal Reserve over how to respond to signs of a global economic slowdown, two officials on Thursday said they see no need to lower borrowing costs next month, while another said he was “open-minded.”
Is the U.S. economy sinking or the strongest ever? For the Fed, no clear answer
The U.S. Federal Reserve is under pressure from President Donald Trump to cut interest rates. Investors expect the Fed to cut, perhaps by a lot.
HP CEO Dion Weisler to step down in November
HP Inc, the hardware business of Hewlett Packard Co, said on Thursday that Chief Executive Officer Dion Weisler is stepping down from the role in November.
