U.S. holiday sales rose 4.1% in 2019 from a year earlier, as steady wage and jobs growth encouraged shoppers to splurge on groceries, beverages and furniture, the National Retail Federation (NRF) said https://bit.ly/2tqKJRv on Thursday.
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An expert committee on Thursday recommended the Federal Aviation Administration require Boeing Co and other aircraft manufacturers to adopt new safety management tools in the wake of two fatal Boeing 737 MAX crashes that killed 346 people.
The local arm of JPMorgan said on Thursday that the bank has not received any communication from India's Supreme Court in a case relating to past transactions between the bank and a New Delhi-based real estate firm. "J.P. Morgan is not a party to the Supreme Court proceedings, and it has received no communication or notice from the Supreme Court to date," the bank said in a statement.
A key part of a Brazilian probe into the collapse of miner Vale SA's Brumadinho dam will wrap up in June, after police consult foreign experts to help identify the causes of the disaster, a leading police investigator said on Thursday.
Morgan Stanley lifted its performance goals on Thursday after beating Wall Street estimates by a wide margin, the latest sign that Chief Executive James Gorman's strategic vision for the bank is bearing fruit.
The Italian government hasn't yet made a final decision on whether to revoke the motorway concession held by Atlantia's unit Autostrade per l'Italia (ASPI), Transport Minister Paola De Micheli said on Thursday.
The European Union will check to see whether a major deal struck by the United States and China complies with global trade rules, the EU's trade chief said on Thursday.
Far Point Acquisition Corp, a blank-check company set up by hedge fund Third Point LLC and ex-New York Stock Exchange President Thomas Farley, said on Thursday it had agreed to acquire shopping tax refund firm Global Blue in a $2.6 billion deal.
* Shares reach highest level in more than 5 years (Adds additional details, executive comments)
U.S. Treasury yields declined on Wednesday as investors repositioned around new data showing producer prices barely rose in December. The benchmark 10-year yield was down 3.5 basis points in morning trading to 1.783%. The U.S. Labor Department said on Wednesday its producer price index for final demand ticked up 0.1% last month after being un
U.S. Treasury yields declined on Wednesday as investors took stock of an initial U.S.-China trade deal and repositioned around new data showing producer prices barely rose in December. The benchmark 10-year yield was down 2.6 basis points in afternoon trading at 1.7917%. The United States and China signed an initial trade deal Wednesday that will rol
Canada's main stock index scaled a new all-time peak on Thursday, as the signing of an initial U.S.-China trade deal offered some relief to investors, while shares of Bombardier tumbled to a near four-year low on a profit warning.
* Indexes up: Dow 0.49%, S&P 0.46%, Nasdaq 0.70% (Updates to open)
U.S. retail sales increased for a third straight month in December, with households buying a range of goods even as they cut back on purchases of motor vehicles, suggesting the economy maintained a moderate growth pace at the end of 2019.
U.S. Treasury yields rose slightly on Thursday on strong economic data and bank earnings. The benchmark 10-year yield was up 1.2 basis points in morning trading at 1.8004%. The increase reflected factors like a strong measure of manufacturing in the Mid-Atlantic region and better-than-expected retail sales, said Tom di Galoma, managing director of Seaport Global Holdings. "Certainly there's a little bit of pressure" for economic activ
German speciality chemicals group Atotech is planning to list on the New York Stock Exchange, it said in a filing late on Wednesday.
Bombardier Inc's shares fell 37% on Thursday after the company warned of lower 2019 profits and said it might have to write down significantly the value of its partnership with Airbus on A220 jets.
Brazil miner Vale SA has halted the tailings operations at the Esperança mine, which it acquired from Ferrous Group last year, according to a statement on Thursday.
Volkswagen needs to accelerate the overhaul of its business to avoid becoming another Nokia, which lost its dominance in the handset market to Apple, the German carmaker's chief executive said.
Germany's drug assessment body said that data provided by Bayer on its precision cancer drug Vitrakvi did not provide clear enough evidence of benefits, in a setback to the drugmaker in its home market.
If you have gone to Goldman Sachs Group Inc's internet home page since mid-December, it would be reasonable to wonder if you had stumbled into some kind of parallel universe.
Hedge funds that push for change at corporations stepped up their demands for asset spin-offs and sales last year, making them part of nearly half of all activist investor campaigns waged in 2019,...
Investor Jeffrey Ubben, already betting there is money to be made from coaxing corporations into being better citizens, gained an ally on Tuesday when BlackRock Inc chief Laurence Fink told companies...
As the 1st Brigade Combat Team of the U.S. 82nd Airborne Division departed for the Middle East amid rising tensions with Iran, their divisional commander gave a simple order. All personnel entering...
Emotions -- and expenses -- often run high during a divorce, but people and their bank accounts can bounce back given enough time. A new study from Fidelity Investments, released Tuesday, shows that...
The window is closing on the chance to avert a pension meltdown that will slash the retirement benefits of more than a million U.S. workers.
It is hardly a secret that people rarely stick to New Year's resolutions - only about 8% of people actually make it to the finish line with their goals, according to studies from the University of...
Exchange-traded funds that use leverage to offer double or triple the daily return of benchmark U.S. stock indexes rank among the 10 top-performing funds of the decade, with returns that in some...
Activist hedge fund Marcato Capital Management, backed by Blackstone Group and billionaire William Ackman, is shutting down as assets have shriveled after two years of poor returns, sources said on...
D.E. Shaw's Orienteer platform, the backbone of the $50 billion investment firm's multi-asset class offerings, posted high double-digit returns this year, the best ever in its six year lifetime.
The U.S. Securities and Exchange Commission on Wednesday proposed changes to its decades-old definition of a professional investor in order to allow more Americans to buy shares in private companies.
(The opinions expressed here are those of the author, a columnist for Reuters.)
U.S. fund investors started closing the books on 2019 by withdrawing more than $10.9 billion from mutual funds and exchange-traded funds that hold domestic stocks last week, the largest pullback...
It is not often that a spending bill in Congress will make regular Americans run to their financial planners for emergency help before the holidays. But the Senate is poised to pass a spending bill...
The United States may not have had a woman president quite yet, but on TV it certainly has. One of those was Mellie Grant, the character played by Bellamy Young on the Shonda Rhimes hit “Scandal”...
It sounds counterintuitive, but members of Generation Z will have to focus on human connections if they want to compete with robots for the jobs of the future.
Specialized fund managers who pioneered green investing for decades are missing out on some of the spoils as the sector goes mainstream and large firms move in.
Tax-loss harvesting is all about finding losers in your investment portfolio to offset winners so you pay less tax.
Two U.S. banking regulators unveiled a proposed overhaul to community lending standards on Thursday, kicking off a contentious policy fight over the proper way to ensure banks are supporting...
The U.S. dollar's next big move will be lower, which could lead to a significant fall in U.S. bond prices and a slew of downgrades, Jeffrey Gundlach, chief executive of DoubleLine Capital said on...