Kaepernick boost just doesn’t do it for Nike
Nike shares fell 3 percent on Wednesday as the sportswear maker stopped short of raising its financial forecast even as sales received a boost from a controversial ad campaign featuring former NFL player Colin Kaepernick.
U.S. new home sales rebound, but trend weakening
Sales of new U.S. single-family homes rebounded in August after two straight monthly declines, but the underlying trend still pointed to a weakening housing market against the backdrop of rising mortgage rates and higher home prices.
China leads world stocks higher ahead of Fed rate decision
An advance in Chinese equity markets set a modestly positive tone for world stocks on Wednesday, despite continued trade tensions with the United States, as investors awaited an expected interest rate increase by the U.S. Federal Reserve.
Health stocks lift Wall Street as banks dip ahead of expected rate hike
Healthcare stocks helped prop up Wall Street on Wednesday, although banks slipped ahead of a widely expected interest rate hike by the U.S. Federal Reserve.
WTO enters judicial drought as U.S. blocks another judge
The supreme court of world trade will be running on fumes from the end of this month after the United States turned down a last-ditch petition to reappoint one of the four remaining judges at the World Trade Organization.
Rupert Murdoch’s Fox to sell Sky stake to Comcast
Twenty-First Century Fox Inc agreed to sell its 39 percent stake in Sky PLC to Comcast Corp , the companies said on Wednesday, a deal that completes the U.S. cable group’s takeover and ends Rupert Murdoch’s relationship with the UK-based satellite br…
Oil eases, but Iran sanctions keep Brent above $80 a barrel
Oil prices eased on Wednesday after U.S. data showed a surprise build in domestic crude inventories, but an impending drop in Iranian exports kept Brent futures above $80 a barrel and on track for a fifth straight quarterly gain.
U.S. business asks British PM May: how bad can Brexit get?
British Prime Minister Theresa May was reminded of how worried businesses are about Brexit on Wednesday when a rallying speech to executives in New York was met with a single stark question from the floor – just how bad can things get?
Canada PM says won’t be rushed on NAFTA, new deal not guaranteed
Canadian Prime Minister Justin Trudeau on Wednesday said he would not be rushed into renewing NAFTA and indicated it was possible the three member nations might fail to conclude a new pact.
U.S. new home sales rebound in August, but trend softening
Sales of new U.S. single-family homes rebounded in August after two straight monthly declines, but the underlying trend still pointed to a weakening housing market against the backdrop of rising mortgage rates and higher home prices.
