Macy’s posts 48% drop in profit, cuts full-year forecast
Macy’s Inc reported a 48% fall in quarterly profit and cut its forecast for full-year adjusted earnings on Wednesday, as the department store operator discounted...
Recession fears hit Wall Street after grim China, German data
Wall Street was set to open lower on Wednesday, as poor economic data from China and Germany put the focus back on the impact of...
Oil prices fall on weak economic data from Europe and China
Oil prices fell on Wednesday on weak economic data from China and Europe and a rise in U.S. crude inventories, partly erasing the previous session’s...
Stocks wilt as bond markets flash recession warnings
Stock markets slumped on Wednesday as Germany’s economy went into reverse, fuelling fears of global recession and slamming the brakes on a rally for equities...
India gets above-average monsoon rains for third straight week: weather office
Monsoon rains in India in the week through Wednesday were above average for a third straight week, the weather office said, easing concerns of drought, although...
Jeffrey Epstein accuser sues financier’s estate, Maxwell, others
A woman who has accused Jeffrey Epstein of sexual misconduct on Wednesday filed a lawsuit against the financier’s estate, Epstein’s former associate Ghislaine Maxwell, and...
Women expected to sue Jeffrey Epstein’s estate over sexual abuse claims
Women who say they were sexually abused by Jeffrey Epstein are expected to sue the disgraced financier’s estate as soon as Wednesday, when a New...
WeWork lifts veil on finances with IPO filing
WeWork owner The We Company on Wednesday filed with regulators for an initial public offering and published detailed financial statements for the first time....
‘Instinct’ helped Brits restrain Sydney attacker
Three men who helped restrain a knife-wielding man in Sydney who went stabbing rampage in downtown Sydney said they would do it all again on...
India floods kill more than 270, displace one million
Floods and landslides have killed more than 270 people in India this month, displaced one million and inundated thousands of homes across six states, authorities...