UPS partners with LA-based startup to develop electric delivery truck
United Parcel Service Inc said it would partner with a Los Angeles-based company to develop an electric medium-duty delivery truck, as the package delivery company expands its fleet of alternative-fuel vehicles.
Brookfield to buy Forest City Realty Trust in $11.4 billion deal
Brookfield Asset Management Inc said on Tuesday it would buy Forest City Realty Trust Inc in a deal valued at $11.4 billion, including debt, months after Forest City ceded board control to activist shareholders.
U.S. consumer spending increases; wage growth slows in second-quarter
U.S. consumer spending increased solidly in June as households spent more at restaurants and on accommodation, building a strong base for the economy heading into the third quarter, while inflation rose moderately.
Fed set to hold rates steady, remain on track for more hikes
The Federal Reserve is expected to keep interest rates unchanged on Wednesday, but solid economic growth combined with rising inflation are likely to keep it on track for another two hikes this year even as President Donald Trump has ramped up criticis…
Wall Street set to open higher on tech rebound, positive data
Wall Street was set to open higher on Tuesday as technology stocks looked to rebound after a widespread sell-off in the prior session and as economic data showed U.S. consumer spending rose solidly in June.
U.S. labor costs post largest annual gain since 2008
U.S. labor costs increased in the second quarter as employers boosted benefits for workers, leading to the largest annual increase since 2008.
U.S. consumer spending increases solidly in June
U.S. consumer spending increased solidly in June as households spent more on restaurants and accommodation, building a strong base for the economy heading into the third quarter, while inflation rose moderately.
UK lawmakers call for new powers for watchdog after inaction on RBS
Britain’s financial watchdog should get new powers to regulate business loans after it was unable to punish Royal Bank of Scotland for its “deficient” treatment of customers, lawmakers said on Tuesday.
Pfizer beats profit estimates but lowers 2018 revenue forecast
Pfizer Inc topped Wall Street estimates for quarterly profit on Tuesday, driven by higher sales of its cholesterol and arthritis drugs, but the biggest U.S. drugmaker lowered its full-year revenue forecast due to a stronger dollar.
Futures edge higher as tech stocks bounce
U.S. stock index futures edged higher on Tuesday, with technology stocks looking to bounce back after a widespread sell-off in the earlier session on rising concerns about the future growth of high-flying companies.
