Starbucks sees slower profit growth in 2020
Starbucks Corp said on Wednesday it expects 2020 adjusted profit growth to be lower than 2019 as it factors in the impact of a one-time...
Amazon may need to raise prices to offset latest tariff blow: BofA
Amazon.com Inc will need to raise prices in the United States by about 2.1%-2.6% on average to offset the impact of fresh tariffs slapped by...
JLR to launch 30 new vehicles in China over next two years
Luxury carmaker Jaguar Land Rover (JLR) plans to launch 30 new or revamped vehicles in China in the next two years, it said on Wednesday,...
Oil prices rise nearly 3% on positive economic data
Oil prices rose nearly 3% on Wednesday, boosted by a wider market pickup on positive news from China’s services sector, after three days of losses...
Tyson Foods CEO says poultry business contributed half of forecast cut
Meat processor Tyson Foods Inc Chief Executive Officer Noel White said on Wednesday the poultry business contributed to about half of its 2019 earnings forecast...
Wall St. set to open higher as upbeat Chinese data eases growth worries
U.S. stocks were set to open higher on Wednesday after encouraging data from China allayed concerns of slowing global growth, with sentiment getting a boost...
BAT launches more vaping products in Japan to take on Philip Morris
British American Tobacco said it would launch two new tobacco heating products in Japan under its glo brand, as it seeks to close the gap...
Google’s YouTube to pay $170 million penalty for collecting data on kids
Google, which is owned by Alphabet Inc, and its YouTube video service will pay $170 million to settle allegations that it broke federal law by...
U.S. trade deficit shrinks, but shortfall with China widens
The U.S. trade deficit narrowed slightly in July, but the gap with China, a focus of the Trump administration’s “America First” agenda, surged to a...
American Eagle third-quarter profit forecast disappoints, shares fall
Apparel retailer American Eagle Outfitters Inc forecast third-quarter profit below estimates on Wednesday after reporting disappointing quarterly same-store sales due to weak performance in certain...