Business News
U.S. goods trade deficit rises as exports fall
The U.S. goods trade deficit widened sharply in July as exports of agricultural products tumbled, suggesting trade will likely be a drag on economic growth in the third quarter.
Year: 2018
Business News
S&P, Nasdaq open at record highs as trade war fears recede
The S&P 500 and the Nasdaq Composite index opened at record levels on Tuesday, lifted by hopes that a trade deal between the United States and Mexico will go some way to averting a global trade war.
Business News
World stocks at six-month high as NAFTA deal eases trade war fears
World stocks rose to a six-month high on Tuesday, lifted by investor optimism that a U.S.-Mexico deal to overhaul the North American Free Trade Agreement will go some way to averting a global trade war.
Business News
Tiffany’s results trump estimates, profit outlook up
Tiffany & Co’s quarterly results topped Wall Street estimates on Tuesday on strong demand for its jewelry in the Americas and China, prompting the luxury retailer to raise its full-year profit forecast.
Business News
Best Buy second-quarter online sales growth slows, shares drop
Best Buy Co Inc on Tuesday reported online sales growth that decelerated from the previous quarter, sending its shares down 5 percent in premarket trade.
Business News
Upscale jewelry chain Tiffany’s results beat, raises profit outlook
Tiffany & Co’s quarterly results topped Wall Street estimates on Tuesday on strong demand for its jewelry in the Americas and China, helping the upscale retailer raise its full-year profit forecast.
Business News
Jewelry retailer Tiffany results beat, raises profit outlook
Tiffany & Co topped quarterly estimates for profit and revenue and raised its full-year profit forecast on Tuesday as the upscale retailer sold more jewelry in China and the Americas.
Business News
Jewelry retailer Tiffany beats quarterly same-store sales estimates
Tiffany & Co topped quarterly same-store estimates on Tuesday as the upscale retailer sold more jewelry in the Americas and Asia-Pacific regions.
Business News
German, U.S. companies concerned despite EU trade truce with Trump: survey
Nearly three out of four companies doing business in Germany and the United States doubt that a U.S.-European trade truce reached last month will be followed by a lasting agreement on large-scale tariff cuts, a survey showed on Tuesday.
Business News
EU clears $3.9 billion P&G deal for German Merck’s consumer health business unit
EU antitrust regulators have approved Procter & Gamble’s (P&G) 3.4 billion euro ($3.9 billion) acquisition of Merck KGaA’s consumer health unit, saying on Tuesday that they had no competition concerns.
Trading Ideas
3 Stocks I'd Never Touch
As a long-term investor, you’re buying a company, not a stock. So make sure you’re paying a fair price and that you trust management. …read more […]
Trading Ideas
Trump Accuses Google of Rigging Search Results Against Him
U.S. President Donald Trump accused Alphabet Inc.’s Google of rigging its search results to display only negative stories about him, calling it “a very serious situation” that “will be addressed.” …read more […]
Business News
Apollo Global Management funds to buy Aspen Insurance for $2.6 billion
Aspen Insurance Holdings Ltd said on Tuesday certain funds affiliated to alternative investment manager Apollo Global Management LLC will take the insurer private in an all-cash transaction valued at $2.6 billion.
Business News
World stocks hit six-month high as NAFTA deal eases trade war fears
World stocks rose to a six-month high on Tuesday, lifted by investor optimism that a U.S.-Mexico deal to overhaul the North American Free Trade Agreement will go some way to averting a global trade war.
Business News
Watch brand IWC opens new factory, expands ecommerce
Swiss watch brand IWC, owned by luxury goods group Richemont , inaugurated a new manufacturing site in its hometown of Schaffhausen as it gets ready to meet growing demand for its timepieces.