Asian shares bounce after losses, dollar sags on weak U.S. CPI Asian shares bounce after losses, dollar sags on weak U.S. CPI: Asian stocks bounced on Monday after three losing sessions, tracking a firmer Wall Street, while the dollar was weighed down by tensions on the Korean peninsula and weak […]
Business
Business
Oil prices dip on weak Chinese refining activity Oil prices dip on weak Chinese refining activity: Oil prices dipped on Monday as a slowdown in Chinese refining activity growth cast doubts over its crude demand outlook, while rising U.S. shale output suggested supplies would likely remain high. Brent crude futures, […]
China July factory output, retail sales, investment miss forecasts China July factory output, retail sales, investment miss forecasts: China’s factory output slowed more than expected in July while investment and retail sales also disappointed, reinforcing views that the world’s second-largest economy is starting to lose some steam as lending costs […]
China a sweet spot for U.S. companies’ earnings in second quarter China a sweet spot for U.S. companies’ earnings in second quarter: Trade tensions between Washington and Beijing may be running high but Corporate America is finding China to be a reliable source of profit growth this year. Whether they […]
Pentagon’s empty posts cause uncertainty for defense contractors Pentagon’s empty posts cause uncertainty for defense contractors: U.S. President Donald Trump’s failure to fill dozens of senior-level positions at the Pentagon is making it difficult for defense contractors to forecast business. Defense company officials, speaking on conference calls after their just-reported […]
Audits show lax oversight by Wisconsin agency counting Foxconn jobs Audits show lax oversight by Wisconsin agency counting Foxconn jobs: The Wisconsin agency tasked with holding Foxconn accountable for delivering up to 13,000 jobs in exchange for $1.5 billion in state payroll tax credits has a history of failing to […]
Dutch bank ING thrives in Germany with zero-fee, online-only accounts Dutch bank ING thrives in Germany with zero-fee, online-only accounts: To find a bank that is thriving in Germany’s troubled banking sector, look no further than ING of the Netherlands, which is upending German tradition with a radical online-only, no-frills […]
After a long drought, bear market funds attract buyers After a long drought, bear market funds attract buyers: Bearish stock investors are slowly coming out of hibernation, as money has begun to move into funds that aim to profit when markets dive. U.S. mutual funds that attempt to profit in […]
U.S. jobless claims rise; labor market still tightening U.S. jobless claims rise; labor market still tightening: The number of Americans filing for unemployment benefits unexpectedly rose last week, but the underlying trend remained consistent with a tightening labor market. Initial claims for state unemployment benefits increased 3,000 to a seasonally […]
News Corp revenue misses on weak demand for print advertising News Corp revenue misses on weak demand for print advertising: News Corp (NWSA.O) on Thursday reported fourth-quarter revenue that missed estimates as the owner of the Wall Street Journal grapples with a declining demand for advertising in the print industry. […]
