Business & Finance News
When the little known Ken Murphy takes over next year as CEO of Tesco , Britain’s biggest retailer, he will inherit something current boss Dave Lewis did not have the luxury of when he joined in 2014 – a strategy and a stable business.
U.S. stocks turned positive in choppy trading on Thursday as U.S. services sector activity slowed to a three-year low, raising expectations of another interest rate cut by the Federal Reserve to stem a wider economic downturn.
The U.S. Federal Trade Commission on Thursday ordered a half-dozen e-cigarette companies to turn over sales and advertising data, the federal regulator said in a statement.
PepsiCo Inc benefited from an ad blitz in the third quarter, beating profit and sales estimates, as more health-conscious consumers bought its low-calorie beverages and snacks in North America.
Oil fell more than 1% on Thursday, extending the week’s losses as markets were pressured by concerns about weakening global economic growth and oil demand, as well as by signs of excess supply despite OPEC-led cuts.
U.S. services sector activity slowed to a three-year low in September amid rising concerns about tariffs, the latest sign that trade tensions were eroding economic momentum.
President Donald Trump said on Thursday a delegation from China would come to the United States next week for more trade talks.
Weaker than expected U.S. economic data weighed on global financial markets Thursday, extending a stock slide that has pushed world equity benchmarks back to lows last seen in August and sending investors into safe haven assets.
U.S. stocks fell sharply on Thursday after data showed business activity slowed in September to its lowest level in three years, the latest economic indicator to point to a sharp downturn in the United States.
Constellation Brands Inc slid to a loss in the second quarter as the maker of Corona and Modelo beers booked millions of dollars in losses from its investment in pot company Canopy Growth Corp .
U.S. stocks treaded water on Thursday after losing 3% in the past two sessions on data that pointed to the risk of a slide into recession, with investor attention now squarely on services data.
Oil slipped toward $57 a barrel on Thursday, pressured by concerns about weakening global economic growth and oil demand, as well as by signs of excess supply despite OPEC-led cuts.
The U.S. decision to impose tariffs on French wines will penalize American consumers, the French wine exporters’ federation said on Thursday.
The number of Americans filing applications for unemployment benefits rose marginally last week, suggesting the labor market remains strong even as employers are becoming more cautious about hiring workers.
BlackRock Inc has teamed up with Mastercard Inc , United Parcel Service Inc and Etsy Inc among other organizations, to build and test tools to help individuals start saving for emergencies.
Copyright 1997-2019 Wall Street Reporter / Octagon Media Corp.
