Business News
U.S. business inventories rise moderately in May
U.S. business inventories rose moderately in May as sales rebounded, suggesting that inventory accumulation could have been a drag on economic growth in the second quarter.
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Business News
Senate opens hearing into Facebook plans for Libra cryptocurrency
U.S. lawmakers from both sides of the aisle were set to grill Facebook Inc on its cryptocurrency plans on Tuesday, as the project continues to draw intense scrutiny from financial regulators and politicians across the globe. Facebook is fighting a rearguard action to get Washington onside after it shocked regulators and lawmakers with an announcement on June 18 that it was hoping to launch a new digital coin called Libra in 2020.
Business News
Strong U.S. retail sales boost economic outlook
U.S. retail sales increased more than expected in June, pointing to strong consumer spending, which could help to blunt some of the drag on the economy from weak business investment.
Business News
Wall Street opens slightly lower after mixed bank reports
U.S. stocks opened slightly lower on Tuesday as bank shares fell after a batch of mixed quarterly reports from Wall Street lenders JPMorgan Chase, Goldman Sachs and Wells Fargo.
Newsmakers
Report Says GP Solutions (OTC: GWPD) is the Future of the $132 Billion U.S. Agriculture Industry
“Micro-Farming Technology is Saving America’s Farms,” Insight News reported CORONA, Calif., July 10, 2019 GP Solutions (OTC: GWPD) a leading developer of automated micro-farms, announced it was featured in a new report on the future of American […]
Business News
New York City can ban ads inside Uber, Lyft vehicles: U.S. appeals court
A federal appeals court on Tuesday said New York City can ban advertising inside vehicles for companies such as Uber and Lyft.
Newsmakers
Phunware (NASDAQ: PHUN) COO to Lead Key OPEX Exchange Conference Panel in Virginia
Join Moderator Randall Crowder with MetLife’s Heather Vidal, Duke Energy’s Scott Abramson, Northwest Bank’s Tina Dinger and Fresenius’ Jeanne Sirovtka at OPEX Exchange 2019 on July 18 Phunware, Inc. (NASDAQ: PHUN) (the “Company”), a fully-integrated enterprise cloud […]
Business News
Wells Fargo posts higher profit on cost controls, rise in loans
Wells Fargo & Co reported higher quarterly profit on Tuesday despite flat revenue as the bank benefited from aggressive cost-cutting.
Business News
U.S. manufacturing output climbs for second month in June
U.S. manufacturing output accelerated in June, climbing for the second straight month, thanks in large part to increased production of motor vehicles and parts.
Business News
U.S. retail sales increase solidly in boost to economy
U.S. retail sales increased more than expected in June, pointing to strong consumer spending, which could help to blunt some of the drag on the economy from weak business investment.
Business News
Oil steadies as U.S. supply concerns ease but Iran tensions loom
Oil prices steadied on Tuesday as a resumption of production in the Gulf of Mexico after Hurricane Barry and a boom in U.S. supply from shale oil countered tensions in the Middle East.
Business News
Blue Apron beefs up menus with Beyond Meat burgers, shares rise
Blue Apron Holdings Inc said on Tuesday it would include Beyond Meat Inc’s plant-based burgers on its menus from next month, a bet on the growing popularity of meat alternatives that sent the meal kit delivery firm’s shares up 11%.
Business News
Goldman Sachs profit beats estimates, boosted by strong equities trading
Goldman Sachs Group Inc reported a higher-than-expected quarterly profit on Tuesday as the Wall Street investment bank benefited from higher equities trading revenues.
Business News
Wall Street set for subdued open after mixed bank reports
U.S. stock indexes were set for a muted open on Tuesday after a set of mixed quarterly reports from Wall Street banks JPMorgan Chase, Goldman Sachs and Wells Fargo.
Business News
Wells Fargo profit beats estimates on cost controls, rise in loans
Wells Fargo & Co beat analysts’ estimates for quarterly profit on Tuesday, as the fourth-largest U.S. bank benefited from an uptick in lending and aggressive cost cutting.