U.S. import prices rebound, but trend still subdued
U.S. import prices unexpectedly rose in July, but the underlying trend continued to be weak, pointing to subdued imported inflation pressures.
Macy’s shares sink as discounts to clear inventory hurt, tourism drops
Macy’s Inc cut its full-year earnings forecast on Wednesday after missing estimates for quarterly profit for the first time in at least two years, as it discounted merchandise heavily to clear spring inventory, sending its shares down as much as 18%.
Oil slumps more than 4% on weak global economic data, U.S. crude build
Oil prices sank more than 4% on Wednesday after global demand fears were revived by weak economic data from China and Europe and an unexpected build in U.S. crude inventories.
Ford extends warranty on 560,000 Focus, Fiesta models
Ford Motor Co said on Wednesday it was extending warranty on clutch and related hardware in 560,000 Focus and Fiesta cars that were reported to have had problems with their six-speed transmission.
Stocks, oil tank on growing signs of global slowdown
Equity markets tanked and oil prices fell sharply on Wednesday after a closely watched bond indicator pointed to the growing risk of a U.S. recession that was heightened by data showing Germany’s economy in contraction and China’s worsening.
Wall Street tumbles on rising fears of recession
Wall Street main indexes slid more than 2% on Wednesday, as a closely watched U.S. bond market indicator pointed to a renewed risk of recession following poor economic data from Germany and China.
Macy’s sinks as discounts to clear inventory backfire, tourism drops
Macy’s Inc slashed its full-year earnings forecast on Wednesday after missing estimates for quarterly profit for the first time in at least two years, as it discounted merchandise heavily to clear spring inventory, sending its shares down as much as 1…
Trade tensions and a weaker yuan drive Chinese crypto demand, market players say
(This Aug. 14 story corrects spelling of executive’s name in 5th and 9th paragraphs)
FCC chairman circulates order to approve Sprint, T-Mobile tie-up
U.S. Federal Communications Commission Chairman Ajit Pai on Wednesday circulated a draft order that would grant approval to the $26 billion tie-up of T-Mobile Us Inc and Sprint Corp.
U.S. import prices rebound, but trend remains subdued
U.S. import prices unexpectedly rose in July, but the underlying trend continued to be weak, pointing to subdued imported inflation pressures.
