U.S. import prices unexpectedly rise, but trend still weak
U.S. import prices unexpectedly rose in July, but the underlying trend continued to be weak, pointing to subdued imported inflation pressures....
WeWork shows widening losses in 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 that...
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...
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...
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...
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...
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....
Lion Air ‘urgently requires’ more 737 MAX jets to support growth: co-founder
Indonesia’s Lion Air “urgently requires” more Boeing Co 737 MAX jets to support its growth strategy once regulators approve the grounded model’s return to service,...
Oil prices fall on disappointing economic data from Europe and China
Oil prices fell on Wednesday on disappointing economic data from China and Europe and a rise in U.S. crude inventories, partly erasing the previous session’s...
Air Canada sees A220 jet delivering boost for key U.S. transit traffic
Air Canada said on Wednesday it will launch a direct Seattle-Montreal service next spring with its new A220-300 jets, as the carrier eyes new routes...