Business & Finance News
Kohl’s Corp cut its annual profit forecast on Tuesday after the department store operator fell short of quarterly comparable sales and earnings estimates, offering no sign that a much-hyped partnership with Amazon was bearing fruit.
U.S. homebuilding rebounded in October and permits for future home construction jumped to a more than 12-year high, pointing to strength in the housing market amid lower mortgage rates.
By Saeed Azhar, Hadeel Al Sayegh, Rania El Gamal and Clara Denina
U.S. stock index futures rose on Tuesday as investors turned optimistic that Washington and Beijing would agree on a deal to end a bruising trade war that is posing one of the biggest risks to global economic growth.
Home Depot Inc said on Tuesday the marriage of its online and brick-and-mortar businesses was not yet generating as much revenue as it had expected, prompting the retailer to cut its 2019 sales forecast for the second time this year.
The global economy may have narrowly avoided a recession, with most industrial and financial indicators pointing to a slight improvement in September-October after a sharp slowdown in the middle of the year.
Kohl’s Corp cut its annual profit outlook on Tuesday ahead of the all-important holiday season, after the department store operator’s quarterly comparable sales and earnings missed analysts’ estimates, sending its shares down 12%.
New moves to curb short-selling in some countries have set the stage for a renewed battle between free market advocates and authorities aiming to check investors they see as profiteers who destabilize major companies.
World shares touched their highest in nearly two years on Tuesday on predictions of future growth and bets the United States and China can end their damaging trade war.
Specialized fund managers who pioneered green investing for decades are missing out on some of the spoils as the sector goes mainstream and large firms move in.
The United Arab Emirates intends to buy two additional GlobalEye aircraft for surveillance from Saab, the Swedish defense firm said on Tuesday, lifting its shares by 3%.
Home Depot Inc said on Tuesday its efforts to integrate online and in-store shopping were taking longer than expected to pay off, prompting the retailer to cut its 2019 sales forecast and sending its shares down 7% in premarket trade.
Qantas has asked Airbus and Boeing for a better deal on planes capable of non-stop Sydney-London flights before deciding whether to place an order.
The majority of unions representing workers at Peugeot maker PSA are in favour of a planned merger with Fiat Chrysler , PSA executives and union representatives said.
Home Depot Inc cut its full year sales forecast on Tuesday, saying it was taking longer than expected for its investments to integrate its online and in-store shopping experience to pay off.
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