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U.S. May wholesale inventories revised higher
U.S. wholesale inventories were a bit higher than initially estimated in May amid strong increases in the stocks of machinery and a range of other goods.
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Rescued Thai boys make victory signs from hospital beds
The 12 boys rescued from deep within a flooded cave in northern Thailand made two-finger victory signs from their hospital beds on Wednesday in a moving video from the isolation ward where they’re recuperating from their 18-day ordeal. …read more […]
Business News
Oil falls after Libyan ports reopen, Trump tariff threat
Global oil benchmark Brent fell more than $2 a barrel on Wednesday after U.S. President Donald Trump threatened to levy new tariffs on China and Libya announced the reopening of key oil export terminals.
Business News
U.S. home refinancing requests drop to lowest since 2000: MBA
U.S. loan applications to refinance existing homes fell to their lowest in over 17-1/2 years even as most 30-year home borrowing costs fell last week, data from the Mortgage Bankers Association showed on Wednesday.
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AT&T Joins Roster of Magic Leap Investors Ahead of Product Debut
AT&T Inc. said it’s investing in Magic Leap Inc., the augmented reality headset startup, forming a partnership that will also make it the “exclusive wireless distributor” for Magic Leap products in the U.S. Financial terms of the deal were not disclosed, but a spokesperson for Magic Leap said AT&T’s investment completes the company’s latest fundraising round, which the company said in March totaled $963 million. Magic Leap has raised more than $2.3 billion overall and has been valued at more than $6 billion. …read more […]
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Wall Street falls after U.S. threatens more China tariffs
U.S. stocks opened lower on Wednesday, halting a four-day run of gains after the United States threatened to impose tariffs on an additional $200 billion worth of Chinese goods.
Business News
Services, motor vehicles lift U.S. producer prices in June
U.S. producer prices increased slightly more than expected in June amid gains in the cost of services and motor vehicles, leading to the biggest annual increase in 6-1/2 years.
Business News
Wall St set to open lower after U.S. threatens more China tariffs
U.S. stocks were set to open lower on Wednesday, halting a four-day run of gains after the United States threatened to impose tariffs on an additional $200 billion worth of Chinese goods, dampening hopes of a compromise on trade.
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Pfizer to split into three units, separates consumer healthcare
The news comes a day after the company decided to defer drug price increases for no more than six months, following criticism from U.S. President Donald Trump for raising list prices of some medicines. The units would be Innovative Medicines, Established Medicines and Consumer Healthcare. The company is currently split into two units – Innovative Medicines, which includes the consumer business, and Essential Health. …read more […]
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Euro succumbs to selling after U.S. threat of more China tariffs
The euro fell on Thursday after Washington threatened 10 percent tariffs on $200 billion worth of Chinese imports in an escalating trade conflict that has heightened worries that the euro zone economy could be hurt.
Business News
U.S. producer prices rise on services, motor vehicles
U.S. producer prices increased slightly more than expected in June amid gains in the cost of services and motor vehicles, leading to the biggest annual increase in 6-1/2 years.
Business News
Canada’s Tim Hortons to open 1,500 stores in China
Canadian coffee chain Tim Hortons is pushing into China with plans to open 1,500 outlets in the world’s second largest economy over the next 10 years, the company said on Wednesday.
Business News
Oil falls after Libya ports reopen, Trump tariff threat
Global oil benchmark Brent fell more than $2 a barrel on Wednesday after U.S. President Donald Trump threatened to levy new tariffs on China and Libya announced the reopening of key oil export terminals.
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Is It Time to Invest in Marijuana Stocks?
Two perspectives on investing in the fast-growing — and risky — cannabis industry. …read more […]
Business News
Stock futures drop after U.S. threatens more China tariffs
U.S. stock index futures dropped sharply on Wednesday after the United States threatened tariffs on an additional $200 billion worth of Chinese goods, dampening hopes of a compromise on trade.