Strong U.S. retail sales ease gloom over economy
U.S. retail sales surged in July as consumers bought a range of goods even as they cut back on motor vehicle purchases, helping to assuage...
Kraft, Mondelez to pay $16 million in wheat price manipulation case
The U.S. Commodity Futures Trading Commission (CFTC) said on Thursday Kraft Heinz Co and Mondelez International Inc will pay $16 million in penalty regarding a...
Wall Street mixed after strong retail sales data, conflicting trade reports
U.S. stocks swung between gains and losses on Thursday as strong July retail sales and upbeat Walmart earnings eased fears of a recession, but mixed...
U.S. 30-year yields drop to fresh record low below 2%
U.S. 30-year Treasury yields fell to a record low below 2% and benchmark 10-year notes dropped to a three-year trough on Thursday amid persistent worries...
Southwest Airlines expands daily service to Hawaii
U.S. budget-friendly carrier Southwest Airlines Co will add another daily flight to Hawaii from January 2020, the company said on Thursday, as it counts on...
J.C. Penney quarterly loss halves, sales still fall amid turnaround
J.C. Penney Co Inc reported a smaller-than-expected quarterly loss on Thursday, as the department store operator’s efforts to cut costs and shutter unprofitable businesses paid...
Oil deepens slide on recession fears, China’s trade threats
Oil prices fell more than 1% on Thursday, extending the previous session’s 3% drop, pressured by mounting recession concerns and a surprise boost in U.S....
GE shares fall on report that its finances are worse than disclosed
General Electric shares fell 7.5% on Thursday after Harry Markopolos, the whistleblower in the Bernard Madoff Ponzi scheme case, said GE’s financial filings were masking...
Ryanair expects minimal disruption from planned strikes
Ryanair expects minimal cancellations with affected passengers flying out at different times if pilots in Britain and Ireland go ahead with a two-day strike next...
U.S. consumer spending strong; manufacturing struggling
U.S. retail sales surged in July as consumers bought a range of goods even as they cut back on motor vehicle purchases, which could help...