Sterling tumbles as PM May races to salvage Brexit deal
Sterling tumbled on Thursday after a series of resignations rocked Prime Minister Theresa May’s government and threw into doubt her long-awaited Brexit agreement just hours after it was unveiled.
U.S. Postal Service posts loss, even as package deliveries rise
(This November 14 story corrects headline and fourth paragraph to show loss did not triple.)
U.S. retail sales rebound on autos, building materials
U.S. retail sales rebounded sharply in October as purchases of motor vehicles and building materials surged, likely driven by recovery efforts in areas devastated by Hurricane Florence.
Upset by Trump’s Iran waivers, Saudis push for deep oil output cut
When U.S. President Donald Trump asked Saudi Arabia this summer to raise oil production to compensate for lower crude exports from Iran, Riyadh swiftly told Washington it would do so.
J.C. Penney close to ‘penny stock’ status after poor third quarter
J.C. Penney Co Inc withdrew its annual earnings forecast on Thursday, adding to nerves about the future of another one of America’s best known retail names ahead of the crucial holiday selling season.
Sterling, euro stocks scuttled as Brexit deal slams the rocks
Sterling tumbled and the rest of Europe’s share markets groaned on Thursday after a long-awaited Brexit agreement was thrown into chaos as Britain’s chief negotiator for the deal quit just hours after it had been unveiled.
Dollar index holds rise after U.S. October retail sales data
The dollar held its earlier gains versus a basket of currencies on Thursday as data showed a stronger-than-expected 0.8 percent increase in domestic retail sales in October, rebounding from a 0.1 percent dip the month before.
U.S. jobless claims unexpectedly rise; several states estimated
The number of Americans filing applications for jobless aid unexpectedly rose last week, but claims for three big states were estimated because of Monday’s Veterans Day holiday, which could have influenced the data.
U.S. retail sales rebound sharply in October
U.S. retail sales rebounded sharply in October as purchases of motor vehicles and building materials surged, likely driven by rebuilding efforts in areas devastated by Hurricane Florence.
U.S. import prices increase more than expected in October
U.S. import prices increased more than expected in October, boosted by a surge in petroleum and food prices, but underlying imported inflation pressures remained tame amid a strong dollar.
