Department store chain Nordstrom Inc reported quarterly sales below analysts’ expectations on Wednesday, as the upscale retailer struggled to attract shoppers to both its full-price and off-price stores.
Austrian sensor maker AMS will go ahead with a takeover bid for Osram that values the German lighting group at 4.3 billion euros ($4.8 billion), it said on Wednesday, setting the stage for a potential bidding war.
India needs to encourage ecommerce and reduce red tape to help small businesses sell online and export goods to help revive sagging domestic economic growth, a senior Amazon.com executive said on Wednesday.
The U.S. House Energy and Commerce said on Wednesday it is launching a probe into the four dominant e-cigarette manufacturers, seeking information on the firms’ research into the public health impacts, marketing practices and promotion of their use by adolescents.
A global equities gauge rose on Wednesday for a third day in four as bets on more economic stimulus overcame, for now, worries over the rising prospect of a global recession.
U.S. President Donald Trump on Wednesday said he was “the chosen one” to address trade imbalances with China, even as congressional researchers warned that his tariffs would reduce U.S. economic output by 0.3% in 2020.
Mexican tomato producers struck a last-minute agreement with the Trump administration to avert an anti-dumping investigation and end a tariff dispute that has rumbled on for months, government officials said on Wednesday.
Mortgage rates are at a three-year low and housing price appreciation has cooled, but many Americans seeking to buy their first home are facing tough times.
Higher trade barriers, including President Donald Trump’s tariffs, are slowing the U.S. economy and cutting household income, congressional budget experts warned on Wednesday, as Trump heads toward a 2020 election showdown with Democrats.
The Federal Reserve debated cutting interest rates more aggressively at its last meeting, although central bankers were united in wanting to avoid the appearance of being on a path to more rate cuts, records from the meeting showed.
The Federal Reserve debated cutting interest rates more aggressively at its July meeting, although central bankers were united in wanting to avoid the appearance of being on a path to more rate cuts, minutes showed.
Investigators probing an engine explosion on an Air France A380 in 2017 are studying a possible manufacturing flaw in a recently salvaged cracked part in a move likely to trigger urgent checks on dozens of Airbus superjumbos, people familiar with the matter said.
The Citgo Petroleum board of directors appointed by Venezuela’s opposition congress chief was confirmed by a U.S. judge on Wednesday, ending a challenge by former directors loyal to Venezuelan President Nicolas Maduro.
I’ve been a bit obsessed recently with the story of Shelly Pennefather. I didn’t know who she was until about a week ago. But once I heard her story, I haven’t been able to stop talking about it.
The Pennefather story, which you can read here in this terrific report by ESPN, is a tale of faith, family, sports, friendship and – believe it or not – disruption.
Pennefather was a terrific basketball player. She was an All-American at Villanova in the late ’80s. And she went on to play professional basketball in Japan. (The WNBA didn’t exist at the time.) Pennefather …read more […]
A global equities gauge rose on Wednesday for a third day in four as bets on more economic stimulus overcame, for now, worries over the rising prospect of a global recession.
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