China’s Tencent cautious after surge in quarterly profit
China’s Tencent Holdings , the world’s largest gaming company by revenue, warned on Wednesday of a difficult economic environment even as it reported a better-than-expected...
Wall Street slides as recession fears grow
Wall Street main indexes slid 1.5% on Wednesday, as a closely watched U.S. bond market indicator pointed to a renewed risk of recession following poor...
Novartis says Avexis’ Chief Science Officer, head of R&D no longer at company
Novartis said on Wednesday that the chief science officer and top research and development executive at its Avexis unit are no longer at the company...
Macy’s sinks as poor spring season hits profit
Macy’s Inc cut its full-year earnings forecast on Wednesday after missing estimates for quarterly profit for the first time in at least two years, as...
WeWork preps for IPO with growing revenues and widening losses
WeWork owner The We Company on Wednesday published detailed financial statements for the first time, showing it lost more than $900 million in the first...
Oil prices fall on weak global economic data
Oil prices fell on Wednesday on weak global economic data and a rise in U.S. crude inventories, almost erasing the previous session’s strong gains which...
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...