In limbo: the dirty Russian oil no one wants to pay for
The bills are due for millions of barrels of contaminated Russian oil that have been stuck for weeks in pipelines from Belarus to Germany – but no one wants to pay.
Wall St. opens lower after weak U.S. retail sales data
U.S. stocks opened lower on Wednesday, as a surprise fall in domestic retail sales and underwhelming data from China raised growth concerns.
Macy’s quarterly profit, same-store sales top expectations
Macy’s Inc topped Wall Street estimates for quarterly same-store sales and profit on Wednesday, benefiting from increased online sales and higher demand for items sold at its off-price stores.
Weak U.S. retail sales point to slowing economy
U.S. retail sales unexpectedly fell in April as households cut back on purchases of motor vehicles and a range of other goods, pointing to a slowdown in economic growth after a temporary boost from exports and inventories in the first quarter.
U.S. factory output drops for third time in four months
Declining output of cars and machinery led U.S. factory production to fall unexpectedly in April, a sign the economy is losing a step as a trade war with China intensifies.
Ford recalling 270,000 cars in North America that could roll away
Ford Motor Co said Wednesday it is recalling 270,000 Ford Fusion cars in North America that could roll away.
JPMorgan Chase will invest $125 million in programs to encourage people to save money
JPMorgan Chase & Co will provide $125 million over the next five years to nonprofit groups in the United States and abroad that help people save, pay down debt and improve their credit scores, the bank said on Wednesday.
Alibaba beats revenue expectations on cloud boost
Chinese e-commerce giant Alibaba Group Holding Ltd beat fourth-quarter revenue forecasts on Wednesday, thanks to growth in its core business and its diversification into cloud computing and other services.
Exclusive: Tesla’s solar factory is exporting most of its cells – document
The “great majority” of solar cells being produced at Tesla Inc’s factory in upstate New York are being sold overseas instead of being used in the company’s trademark “Solar Roof” as originally intended, according to documents reviewed by Reuters.
Macy’s same-store sales tops expectations; shares rise 7%
Macy’s Inc topped Wall Street estimates for quarterly same-store sales on Wednesday, benefiting from increased digital sales and higher demand for discounted luxury items sold at its off-price stores, sending its shares up 7%.
