Futures dip on Trump legal woes, caution ahead of trade talks
U.S. stock futures dipped slightly on Wednesday as President Donald Trump’s political position was threatened by the criminal convictions of two former advisers and on caution ahead of U.S.-China trade talks.
Target’s second-quarter sales jump, traffic grows most in a decade
Target Corp’s second-quarter sales and profit beat estimates on Wednesday, helped by strong online sales and higher customer visits that grew the most in a decade, sending its shares up 6 percent in premarket trade.
Lowe’s cuts forecasts on Orchard Supply shutdown
Home improvement chain Lowe’s Cos Inc trimmed its full-year profit and sales forecasts on Wednesday as it began winding down Orchard Supply Hardware stores and planned to cut down its own inventories in the face of weakening U.S. homebuilding.
Caution prevails over Trump legal woes and U.S.-China trade talks
Stocks faltered and bonds rose on Wednesday as U.S. President Donald Trump’s political position was threatened by the criminal convictions of two former advisers, while the U.S. dollar reversed course and headed for its sixth straight day of losses.
Target same-store sales top forecasts, shares rise
Target Corp reported a better-than-expected 4.9 percent rise in comparable sales in the second quarter, as more customers visited its stores and made purchases online, sending its shares up 4 percent in trading before the bell.
Linde-Praxair try to save $83 billion merger after antitrust blow
Industrial gases giants Linde and Praxair are in talks to try to salvage their $83 billion merger after U.S. competition regulators demanded they sell assets that generate more than $4.3 billion in sales.
New Air France-KLM boss meets minister ahead of strike decision
Newly appointed Air France-KLM Chief Executive Ben Smith held talks with French Transport Minister Elisabeth Borne, a government spokesman said on Wednesday, as the airline group’s unions prepare to decide on further strike action over pay.
Lowe’s cuts full-year forecasts, plans to cut down inventory
Lowe’s Cos Inc trimmed its full-year profit and sales forecast on Wednesday, as the home improvement chain plans to cut down inventories and pour money into faster-moving goods to keep sales up in the face of weakening U.S. homebuilding.
Lowe’s same-store sales misses estimates, shares drop
Lowe’s Cos Inc missed estimates for quarterly same-store sales on Wednesday as the home improvement retailer bore the brunt of a slowdown in the U.S. housing market, sending its shares down 4 percent.
Trump legal woes and U.S.-China trade talks breed market caution
Stocks faltered and bonds rose on Wednesday as U.S. President Donald Trump’s political position was threatened by the criminal convictions of two former advisers, while the U.S. dollar steadied after five consecutive days of losses.
