Breaking News: Economy
May retail sales increase .1%, weaker than expected
A worker assists with checkout at a Costco shop in Teterboro, New Jersey, on Feb. 28, 2024. Stephanie Keith | Bloomberg | Getty Images Retail paying was weaker than predicted in Could as people ongoing to wrestle with stubbornly bigger ranges of inflation. Sales rose just .1% on the thirty day period, one-tenth of a […]
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EU to problem U.S. and China strategically on trade, competitiveness main says
Executive Vice President of the European Commission for A Europe Fit for the Electronic Age Margrethe Vestager talks to media in the Berlaymont, the EU Fee headquarter on May well 23, 2024 in Brussels, Belgium. Thierry Monasse | Getty Visuals News | Getty Photographs The European Union might be no economic match for its U.S. […]
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Stocks making the biggest moves midday: Autodesk, Broadcom, AMC Networks, Virgin Galactic and more
Check out the companies making headlines in midday trading: Virgin Galactic — The struggling space company slid 15% as the stock’s 1-for-20 reverse stock split took effect. The company was trying to get its stock back above $1 a share after a steady slide over the past three years. Virgin Galactic paused spaceflight operations this […]
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Fed’s Kashkari says it’s ‘reasonable’ to predict a December rate cut
Federal Reserve Bank of Minneapolis President Neel Kashkari sits in the lobby of the Jackson Lake Lodge in Jackson Hole, where the Kansas City Fed holds its annual economic symposium, in Wyoming, August 24, 2023. Ann Saphir | Reuters Minneapolis Federal Reserve President Neel Kashkari on Sunday said it’s a “reasonable prediction” that the U.S. […]
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Cocoa prices are soaring. Candy makers will need to get creative
Dried cocoa beans at the Somos Cacao farm and production facility in Ragonvalia, Norte de Santader department, Colombia, on Friday, March 22, 2024. Ferley Ospina | Bloomberg | Getty Images There’s pricing pressure taking hold of a specific corner of global agriculture — and it’s bittersweet. Prices of cocoa have more than tripled over the […]
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Taylor Swift’s London Eras Tour could delay Bank of England rate cut, analysts say
Taylor Swift performs on stage during during “Taylor Swift | The Eras Tour” at Anfield on June 13, 2024 in Liverpool, England. Gareth Cattermole/tas24 | Getty Images Entertainment | Getty Images LONDON — Taylor Swift’s record-shattering Eras Tour is continuing to supercharge consumer spending as it enters it U.K. leg, suggesting that the Bank of […]
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Stocks building the biggest moves premarket: Adobe, Hasbro, GameStop and extra
Test out the organizations producing headlines before the bell. GameStop — The meme inventory dipped 1.1% right after Keith Gill, recognised as “Roaring Kitty,” seemingly elevated his possession in GameStop. He appears to be holding 9.001 million GameStop shares and over $6 million in dollars, according to a screenshot he posted to Reddit. Adobe — The […]
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China new bank loans rise in May, but well below forecasts
A citizen counts Chinese Yuan in Fuyang, Anhui province, China, Feb 20, 2024. CFOTO | Future Publishing | Getty Images Chinese banks extended 950 billion yuan ($130.93 billion) in new yuan loans in May, rising from April but missing analysts’ expectations. Analysts polled by Reuters had predicted loans would rise to 1.255 trillion yuan in […]
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Stocks making the biggest moves midday: Broadcom, Signet, Dave & Buster’s and more
Check out the companies making headlines in midday trading. Broadcom – Shares of the chipmaker surged around 12% after the company beat earnings and revenue estimates for the fiscal second quarter and announced a 10-for-1 stock split. Adjusted earnings per share came in at $10.96 and revenue was $12.49 billion. Analysts polled by LSEG expected […]
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Ford ends EV dealership program that required hefty investment to sell electric models
An electric Ford truck is displayed during the Electrify Expo D.C. in Washington, D.C., on July 23, 2023. Nathan Howard | Getty Images Ford Motor is ending a controversial electric vehicle dealership program that initially asked store owners to invest upward of $1 million to sell EVs. The “EV-certified” program was announced in September 2022 […]
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