U.S. retail sales beat expectations; manufacturing production slumps
U.S. retail sales rebounded strongly in June as Americans spent more on gasoline and other goods amid soaring inflation, which could allay fears of an…
Category: Business
Wall St ends tumultuous week with strong rally as rate hike fears wane
U.S. stocks closed sharply higher on Friday, ending several days of sell-offs with a rebound fueled by upbeat earnings, strong economic data and easing fears…
Amazon pauses work on six new U.S. office buildings to weigh hybrid work needs
Amazon.com Inc (AMZN.O) is pausing the construction of six new office buildings in Bellevue and Nashville to reevaluate the designs to suit hybrid work, the…
Judge in Twitter v. Musk once made rare ruling: ordering a deal to close
The judge overseeing Twitter Inc’s (TWTR.N) $44 billion lawsuit against Elon Musk has a no-nonsense reputation as well as the distinction of being one of…
The big default? The dozen countries in the danger zone
Traditional debt crisis signs of crashing currencies, 1,000 basis point bond spreads and burned FX reserves point to a record number of developing nations now…
Elon Musk seeks to block Twitter request for expedited trial
Elon Musk filed a motion on Friday opposing Twitter Inc’s (TWTR.N) request to fast-track a trial over his plan to terminate his $44 billion deal…
IMF chief sees ‘exceptionally uncertain’ global outlook, deteriorating debt situation
IMF chief Kristalina Georgieva on Saturday warned officials from the Group of 20 major economies to take urgent action to combat inflation, warning that the…