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Average asking prices of newly-listed houses in the U.K. tumbled 2.3% on a seasonal basis in August from July, as sellers launched a "late summer sale" to unload property faster, according to the Rightmove House Price Index, released on Monday. That drop, equal to 7,218 pounds ($9,198.42), is slightly bigger than the 2.1% fall seen during August 2017. The main drags on the index were the subdued London market, and the commuter belt of the South East; excluding those two regions, the index fell just 1.5%. On an annual basis, prices were up 1.1%, though slower than a 1.4% annual gain in July. But the August drop is also in keeping with a traditional trend of lower peak-summer pricing, said Rightmove. "Sellers who come to market in the peak holiday month often have a pressing need to sell and price down accordingly, and are offering 'summer sale' prices to entice holiday-distracted buyers," said Miles Shipside, Rightmove director and housing market analyst, in a press release.
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The U.K. government has taken over the operations of HMP Birmingham, a major prison run by G4S Plc, after an inspection found it was in a "state of crisis," multiple media outlets reported on Monday. The Ministry of Justice said it would run the prison for an initial six-month period, Reuters reported, in order to combat "squalid" conditions, including widespread use of violence and drugs by the inmates, as well as a lack of sanitation that has attracted rats and cockroaches. As part of the change in operations, 300 prisoners will be moved to other sites, while a new governor will be installed. Prisons Minister Rory Stewart was quoted as saying that "it has become clear that drastic action is required to bring about the improvements we require." He called the prison's conditions "unacceptable." G4S [UK: GFS] said it welcomed the government taking over the operations, saying the prison had "exceptional challenges." Shares of G4S Plc have struggled lately, having dropped 8.6% thus far this month. The FTSE 100 [UK: UKX] is down 2.5% over the same period.
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Softdrinks giant PepsiCo Inc. said it has entered into an agreement to acquire SodaStream International Ltd. in a deal valued at $3.2 billion, the companies announced on Monday. Under terms of the agreement, PepsiCo will buy all outstanding shares of the Israeli-based home carbonation maker for $144 per share, an 11% premium to Friday's closing price of $129.85. PepsiCo said it will fund the deal with cash on hand. The boards of both companies have unanimously approved the tie-up, though it will be subject to a SodaStream shareholder vote. The deal is expected to close in January.
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Michael Cohen, President Donald Trump's former personal attorney, is under investigation for bank and tax fraud, the New York Times reported Sunday, and charges may be filed by the end of the month. The Times said federal authorities are centering on $20 million in loans taken by taxi businesses owned by Cohen and his family. Authorities suspect Cohen misstated his assets in order to get the loans, and failed to report income from his taxi businesses to the IRS, the Times said. The investigation is reportedly in its final stages. Cohen is also under investigation for possible campaign finance violations related to payoffs to women who claimed to have had affairs with Trump, the Times reported. In April, federal agents raided Cohen's home and offices.
Elon Musk is hoping an investment from Saudi Arabia's sovereign wealth fund can help take Tesla Inc. private, but it may strike an investment deal with a Tesla rival, according to a report Sunday. The fund, called PIF, is in talks to invest in electric-car startup Lucid Motors Inc., according to Reuters. The report said after an initial $500 million investment, PIF could eventually invest more than $1 billion and gain majority ownership of the Newark, Calif.-based company. Lucid was founded in 2007 by former executives from Tesla and Oracle Corp., and has received significant funding from Chinese investors. While it had not built any cars yet, it hopes to start production later this year.
The White House counsel, Donald McGahn, has cooperated "extensively" with Robert Mueller's investigation, the New York Times reported Saturday. Quoting a dozen current and former White House officials and other briefed on the matter, the said McGahn gave investigators a mix of information potentially damaging and favorable to the president. McGahn said he never saw Trump go beyond his legal authorities, the report said. He gave investigators information on some episodes they did not know about, the report said.
The Department of Housing and Urban Development brought a complaint against Facebook for violating the Fair Housing Act by allowing landlords and home sellers to use its advertising platform to engage in housing discrimination. Facebook enables advertises to display ads either only to men or women, not show ads to Facebook users interested in an "assistance dog," "mobility scooter," "accessibility" or "deaf culture"; not show ads to users whom Facebook categorizes as interested in "child care" or "parenting," or show ads only to users with children above a specified age; not display ads to users whom Facebook categorizes as interested in a particular place of worship, religion or tenet, such as the "Christian Church," "Sikhism," "Hinduism," or the "Bible;" not show ads to users whom Facebook categorizes as interested in "Latin America," "Canada," "Southeast Asia," "China," "Honduras," or "Somalia;" and draw a red line around zip codes and then not display ads to Facebook users who live in specific zip codes. The U.S. Attorney for the Southern District of New York filed a statement of interest, joined in by HUD, in U.S. District Court on behalf of a number of private litigants challenging Facebook's advertising platform.
Qutoutiao Inc., a two-year-old Chinese content-aggregation app, filed for an U.S. initial public offering Friday afternoon. The company said it would seek $300 million by selling American depositary shares, though that number is typically a placeholder to determine fees and will be updated in later filings. Qutoutiao launched in June 2016 and claimed in its filing with the Securities and Exchange Commission to have 17.1 million users accessing the service daily and spending, on average, almost an hour -- 55.6 minutes -- on the app each day. The app, which translates to "fun headlines," brought in $108.5 million in the first half of 2018, almost all of it from advertising, which was more than the company collected in all of 2017, when it reported total revenue of $78.1 million. Losses also grew however, with Qutoutiao reporting a net loss of $77.7 million in the first half of this year after an annual net loss of $14.3 million in 2017. Qutoutiao would join a wave of Chinese mobile apps that have gone public on the U.S. markets in 2018, a list that includes iQiyi Inc. , Bilibili Inc. and Pinduoduo Inc. The company hopes to list its ADSs on the Nasdaq exchange under the ticker symbol QTT, and has enlisted Citigroup and Deutsche Bank Securities as underwriters.
Avista Healthcare Public Acquisition Corp. shares rose in the extended session Friday after the company said it planned to acquire Organogenesis Inc. Avista shares rose 5.4% after hours, following a 0.1% decline to finish the regular session at $10.11. The combined company is expected to have an enterprise value of about $673 million, and Organogenesis will trade under the ticker "ORGO" on the Nasdaq as a wholly owned subsidiary, Avista said. Avista said the deal will be funded through a combination of cash, stock and debt, and is expected to close by the end of the year. Canton, Mass.-based Organogenesis is a regenerative medicine company that makes products for wound treatment and surgery.
S&P Global Ratings on Friday lowered Turkey's long-term foreign currency sovereign credit rating to 'B+' from 'BB-' with a stable outlook. "The downgrade reflects our expectation that the extreme volatility of the Turkish lira and the resulting projected sharp balance of payments adjustment will undermine Turkey's economy," said the ratings agency. S&P Global also projected the Turkish economy to sink into a recession in 2019 even as inflation accelerates to 22% in the next four months. The ratings agency also warned that the weaker lira is putting pressure on the highly indebted corporations and raised the funding risk for Turkey's banks. Moody's Investors Service also downgraded Turkey's sovereign rating to 'Ba3' from 'Ba2' and revised the outlook to negative. "The key driver for today's downgrade is the continuing weakening of Turkey's public institutions and the related reduction in the predictability of Turkish policy making," said Moody's. It cited escalating concerns over the independence of the country's central bank, and the absence of a "credible" plan to tackle the root causes of the current financial problems. "The tighter financial conditions and weaker exchange rate, associated with high and rising external financing risks, are likely to fuel inflation further and undermine growth, and the risk of a balance of payments crisis continues to rise," it warned. The Turkish lira retreated against the U.S. currency with the greenback buying 6.028 lira in recent action versus 5.8246 lira late Thursday in New York.
U.S. stock benchmarks Friday booked a second straight win, capping a volatile week in August that has been marked by jitters about contagion emanating from Turkey, and a resumption of negotiations between China and the U.S. to possibly end a protected tariff spat. The Dow Jones Industrial Average closed up 110 points, or 0.4%, at 25,669, while notching a weekly gain of 1.4%, the S&P 500 index finished the session up 0.3% at 2,850, registering a weekly climb of 0.6%. Meanwhile, the technology-laden Nasdaq Composite Index added 0.1% at 7,816 on the day, lagging behind its equity peers amid concerns about tech giants, including Tesla Inc. and chip makers Applied Materials Inc. and Nvidia Corp. , which both delivered quarterly results that failed to thrill investors and fueled some early weakness among semiconductor shares, as measured by the iShares PHLX Semiconductor ETF . The popular semiconductor, exchange-traded fund finished the session off 0.8%. Meanwhile, the Nasdaq closed out the week 0.3% lower. Turkey's lira closed lower against the dollar, reversing some of the gains of the past few sessions, with the currencies gyrations sparking concerns about the health of emerging markets, while a report from the Wall Street Journal, indicates that Beijing and Washington are set to next week establish the groundwork for a series of talks that may end their testy trade dispute by November.
Securities and Exchange Commission Chairman Jay Clayton on Friday issued a statement about long-term investing in which he neither endorsed nor rejected the call from President Donald Trump for companies to report to twice a year, rather than four times a year. But he did say the SEC Division of Corporation Finance "continues to study public company reporting requirements, including the frequency of reporting." Clayton said: "The President has highlighted a key consideration for American companies and, importantly, American investors and their families - encouraging long-term investment in our country. Many investors and market participants share this perspective on the importance of long-term investing."
The Centers for Disease Control and Prevention says a romaine lettuce and carrot mix that was sold at McDonald's Corp. tested positive for cyclospora, which has resulted in 476 illness cases across 15 states. Twenty-one people were hospitalized. Cyclospora is an intestinal illness caused by a parasite. The salads came from a Fresh Express processor in Streamwood, Ill. Fresh Express, which was alerted to the results on July 27, says the carrot mix went to McDonald's and the romaine-only item was distributed elsewhere. Romaine lettuce from the same lot tested for cyclospora in salads and wraps distributed by Caito Foods. A public health alert was issued on July 30 about salads and wraps distributed by Caito Foods. McDonald's shares are down 6.3% for the year to date while the Dow Jones Industrial Average is up 4.1% for the period.
The Dow Jones Industrial Average Friday afternoon looked poised to book its highest closing level since Feb. 1, according to FactSet data. A late-session 150-point rally for the blue-chip gauge, on the back of growing optimism that China and the U.S. can strike a detente on trade by November, has helped power the recent climb. If the Dow can finish above 25,709, it would mark its best finish since Feb. 1, when the gauge closed at 26,187. Meanwhile, the S&P 500 index advanced 0.5% at 2,854, while the Nasdaq Composite Index advanced 0.2% at 7,825.
The Dow Jones Industrial Average in late-afternoon Friday trade jumped to session highs amid reports that the U.S. and China are setting the stage to end a contentious multibillion-dollar tariff dispute by November, according to the Wall Street Journal. The Dow was trading 150 points, or 0.5%, at 25,685, the S&P 500 index climbed 0.4% at 2,850, while the Nasdaq Composite Index also drifted into positive territory, after lagging behind its peers earlier in the session. The Nasdaq was up 0.1% at 7,814. All three benchmarks were trading at their best levels for Friday, extending a powerful rally ignited on Thursday, sparked by news that Beijing and Washington had agreed to resume trade negotiations next week. The coming negotiations are intended to set the stage for multilateral summits between President Trump and Chinese leader Xi Jinping in November, according to WSJ.
Sugar futures declined Friday to settle at their lowest in more than 10 years, as the market continued to be plagued by a surplus of global supplies. "We are in such a big surplus that even drought in Europe, Brazil and potentially India cannot really make a dent in it," analysts at brokerage Marex Spectron wrote in a weekly report dated Monday. "Sugar stocks in Brazil are high, and demand for Brazilian sugar is weak." October No. 11 sugar traded on ICE Futures U.S. settled at 10.18 cents a pound, down about 10 points, or 0.12 cent, for the session. That was the lowest finish for a front-month contract since June 10, 2008, according to Dow Jones Market Data.
The Dow Jones Industrial Average saw its tentative climb firm somewhat midday Friday, with shares of Apple Inc. buoying the broader market. The Dow was about 80 points, or 0.3%, at 25,643, the S&P 500 index climbed 0.2% at 2,845. The modest climb for both benchmarks come as the chip sector is limiting gains for the Nasdaq Composite Index , down 0.1% at 7,798. By dint of its share price, Apple was contributing nearly 30 points to the price-weighted Dow, while the roughly $1 trillion iPhone maker was also helping to support the market-cap weighted S&P 500. Most recently, Apples shares were up $4.30, or 2%, to $217.58.
The Treasury Department on Friday sanctioned four Myanmar military and border guard commanders and two military units for their involvement in ethnic cleansing against the Rohingya Muslim minority in the country in 2016 and 2017. "Treasury is sanctioning units and leaders overseeing this horrific behavior as part of a broader U.S. government strategy to hold accountable those responsible for such wide scale human suffering," said Sigal Mandelker, Treasury Under Secretary for Terrorism and Financial Intelligence. As a result of violent attacks from Myanmar's Buddhist majority, more than 700,000 Rohingya have fled to Bangladesh.
Tesla Inc. shares sank 8% on Friday, as investors digested the news of a widening Securities and Exchange Commission probe of Chief Executive Elon Musk's handling of a tweet disclosing his wish to take the company private. Musk told the New York Times that he had no regrets about saying "funding secured" in a tweet that said he was considering a going-private deal at $420 a share. In a wide-ranging interview with the paper published late Thursday, Musk said he has had a very difficult year spent in a constant state of exhaustion leading up to the tweet, which is understood to have angered some members of the board. The Times said Tesla's board was concerned about Musk's workload and health, especially his use of the sleep aid Ambien, and that efforts are underway to find a second-in-command who could take some of the strain off of him. Tesla shares are now down 0.9% in 2018, while the S&P 500 has gained 6%.
DSW Inc. shares sank 7.4% in Friday trading after it was downgraded to negative from neutral at Susquehanna Financial Group due to higher costs and margin pressure. Susquehanna cut its price target to $22 from $26. Analysts led by Sam Poser think the shoe seller's new loyalty program, which offers free shipping on all orders rather than just those purchases of $35 or more, will hurt margins. And they expect the acquisition of Town Shoes earlier this year will hurt fiscal 2018 outlook. "Proprietary checks indicate DSW will likely purchase Camuto Group's China sourcing, and through doing so, become the licensee of Camuto's footwear brands," the note said. "Such a deal goes against DSW's core competency as a retailer." DSW shares have gained 20.4% for the year to date while the S&P 500 index is up 6.1% for the period.
Stocks opened flat to slightly lower Friday, dinged after a round of disappointing corporate earnings and renewed pressure on Turkey's lira . The S&P 500 fell 0.1% to 2,837.54, while the Dow industrials were up 9 points, or less than 0.1%, at 25,567. The Nasdaq Composite lost 0.1% to 7,798.14. Tech stocks were under pressure, with shares of Nvidia Corp. , down 3.1%, and Applied Materials Inc. , off more than 8%, after reporting earnings late Thursday. Shares of farm-equipment maker Deere & Co. fell 2.8% after providing a downbeat growth outlook.
Shares of Zion Oil & Gas Inc. took a 41% dive toward a 14-month low, to pace all premarket decliners, after the oil and gas exploration company said it found oil with its Megiddo-Jezreel #1 well in Israel, but said additional testing will be required to know whether there is producible oil in commercial quantities. The company said testing of the well has taken longer than expected, and results so far "are inconclusive" as to whether the well will establish natural flow and what the volumetric contribution of oil and water will be. The stock, on track to open at the lowest level seen during regular-session hours since June 5, 2017, had tumbled 39.2% over the past three months through Thursday, while the SPDR Energy Select Sector ETF had lost 8.0% and the S&P 500 had gained 4.4%.
President Donald Trump said Friday he has canceled plans for a military parade. Trump's statement comes just hours after the Pentagon said the event would be postponed until at least 2019, and follows a report that the price tag would be $92 million, or $80 million over the original estimate. In a tweet Trump blamed local politicians in Washington for a "ridiculously high" price for the parade and said he would instead attend a previously scheduled parade at Andrews Air Force Base. "Now we can buy some more jet fighters!" Trump added.
Shares of Dean Foods Co. plunged 7.9% toward a seven-year low in premarket trade Friday, after J.P. Morgan turned bearish on the food and beverage company, citing no less than 10 reasons, including concerns over higher costs, eroding demand and competition for its milk business. Analyst Ken Goldman cut his rating to underweight, after being at neutral since Aug. 8, 2017. He slashed his stock price target to $6, which is 30% below Thursday's closing price, from $9. The downgrade comes 1 1/2-weeks after the company reported second-quarter results that beat expectations, but the stock tumbled after it slashed its full-year profit outlook. Besides worries about the milk business, Goldman also cited concerns over a possible third-quarter earnings miss, headwinds associated with the shift toward private label, "potential red flags regarding reduced disclosures and corporate governance," cash constraints and valuation. He said he recently completed a "major review and restructuring" of his working Dean Foods model. "The more we scrubbed the numbers, the less confidence we had that Dean would hit Street forecasts for EPS in any of the next three years," Goldman wrote in a note to clients. The stock had already plummeted 25.4% year to date through Thursday, while the S&P 500 had gained 6.3%.
Zoe's Kitchen Inc. said Friday it has agreed to be bought out by privately held Cava Group Inc. in a deal with an enterprise value of about $300 million. The fast-casual restaurant chain with 261 outlets in the U.S., said shareholders will receive $12.75 in cash for each share owned, equal to a 33% premium over the company's 30-day volume weighted average price ending Aug. 16. Cava Group is a Mediterranean culinary brand with 66 restaurants. The combined group will own 327 restaurants in 24 states. The deal is expected to close in the fourth quarter and will be financed through a significant equity investment in Cava led by Act III Holdings, an investment vehicle created by Ron Shaich, founder and former CEO of Panera Bread, as well as existing investors Swan and Legend Venture Partners and Revolution Growth. Cava CEO Brett Schulman will be CEO of the combined company with Shaich acting as chairman. Cava has agreed to pay a $17 million breakup fee if the deal does not occur. Zoe's Kitchen shares jumped 33.6% premarket after resuming trade following a halt. But they have fallen 43% in 2018, while the S&P 500 has gained 6%.
President Donald Trump on Friday said he has asked the Securities and Exchange Commission to study allowing companies to report on a six-month rather than quarterly system. Trump said on Twitter he asked the SEC to study the issue after talking with business leaders about what would "make business (jobs) even better in the U.S." He said one leader told him "stop quarterly reporting & go to a six month system." Trump didn't name the executive.
Hurricane Lane has become the sixth hurricane of this year's eastern Pacific season and is expected to strengthen in the coming days into a major storm, the National Hurricane Center said Friday. Lane is currently churning about 1,620 miles west southwest of the southern tip of Baja California and about 1,675 miles east southeast of Hilo Hawaii, the NHC said in its latest advisory. The storm has maximum sustained winds of 80 miles an hour. "Steady or rapid strengthening is expected for the next 36 to 48 hours, and Lane is forecast to become a major hurricane by Saturday," said the advisory. " Little change in strength is expected on Sunday." Hurricane Hector passed about 200 miles south of Hilo Hawaii last week, according to the Weather Channel. That kept its strong winds away from Hawaii, which is currently struggling with the destruction caused by recent volcanic activity.
Briggs & Stratton Corp. said Friday it plans to consolidate a number of smaller existing warehouses across the U.S. into two large warehouses in Germantown, Wis. and Auburn, Ala. Both facilities are expected to be operational in the spring of 2019. The Germantown warehouse will be 700,000 square feet and the Auburn facility will be 400,000 square feet, with both being distribution centers for engines and products. The producer of gasoline engines for outdoor power equipment said it doesn't expect significant staffing changes in Wisconsin, given the consolidation of smaller local facilities, while the Auburn facility is expected to create about 20 new jobs. The stock, which was inactive in premarket trade, has tumbled 22.6% year to date, while the S&P 500 has gained 6.3%.
Bristol-Myers Squibb Co. said Friday the U.S. Food and Drug Administration has approved Opdivo as a treatment for certain patients with previously treated small cell lung cancer. The company said the approval makes Opdivo the first and only Immuno-Oncology treatment option for patients with metastatic small cell lung cancer whose cancer has progressed after platinum-based chemotherapy and at least one other line of therapy. The decision was based on overall response rate and duration of response and continued approval may be contingent on verification of clinical benefit in further confirmatory trials. Small cell lung cancer is one of two main types of lung cancer and accounts for 10% to 15% of all lung cancers. It is an aggressive form of the disease and is often only detected when it is at an advanced stage. Bristol-Myers shares rose 0.6% in premarket trade Friday, but are down 0.3% in 2018, while the S&P 500 has gained 6%.
Shares of Deere & Co. fell 1% in premarket trade Friday, after the agriculture and construction equipment maker reported fiscal third-quarter revenue that topped expectations but provided a downbeat net sales growth outlook. Net income rose to $910.3 million, or $2.78 a share, from $641.8 million, or $1.97 a share, in the same period a year ago. Excluding a favorable net adjustment to provisional income taxes, earnings per share came to $2.59. The FactSet EPS consensus was $2.73. Total revenue grew 32% to $10.31 billion, above the FactSet consensus of $10.22 billion, as agriculture and turf growth of 18% to $6.29 billion beat the FactSet consensus of $6.15 billion and a doubling in construction and forestry to $2.99 billion topped expectations of $2.88 billion. For fiscal 2018, the company expects net sales to rise 26% from a year ago, while the FactSet consensus of $33.68 implies 30% growth. Deere affirmed its 2018 outlook for adjusted net income of $3.1 billion. The stock has declined 12% year to date through Thursday, while the S&P 500 has gained 6.3%.
Indian health authorities prepared defenses against the spread of disease in flood-hit Kerala state on Monday as water receded and a huge clean-up gathered pace after the worst floods in a century killed more than 200 people.
Iran said on Monday that Europe should accelerate its efforts to salvage a 2015 nuclear deal between Tehran and major powers that U.S. President Donald Trump abandoned in May, as French oil group Total formally pulled out a major gas project.
President Tayyip Erdogan on Monday said an attack on Turkey's economy was no different from a strike against its flag or call to prayer, responding to a recent currency sell-off in religious and nationalist terms ahead of a major Muslim holiday.
Taliban insurgents kidnapped dozens of passengers after stopping three buses in northern Afghanistan on Monday, officials said, a day after the government announced a ceasefire with the Islamist militants.
Italy's Deputy Prime Minister Matteo Salvini on Monday said he was not aware of a plan to write a law to revoke concessions held by Autostrade per l'Italia to operate toll highways after the collapse of a bridge in Genoa last week.
Malaysian Prime Minister Mahathir Mohamad said on Monday he believed China would sympathize with his country's "internal fiscal problems" as he seeks to renegotiate, or possibly cancel, more than $20 billion in Chinese-funded projects.
Afghan President Ashraf Ghani announced a ceasefire with Taliban insurgents from Monday to mark the Muslim Eid al-Adha holiday, days after fighting in the central city of Ghazni and a northern province.
The British government has taken over the running of a major prison from contractor G4S after an inspection found that staff locked themselves in offices to avoid prisoners who were using drugs and violence with near impunity.
Australian Prime Minister Malcolm Turnbull on Monday averted a possible leadership challenge by dropping targets for cutting greenhouse gas emissions to appease his critics, say local media, as a poll showed his government losing voter support.
The judge in the trial of two Reuters reporters jailed in Myanmar on accusations of obtaining secret state documents said on Monday he will deliver his verdict on August 27, in a case that is seen as a test of press freedom in the fledgling democracy.
As more than 2 million pilgrims from around the world braved stormy weather in Saudi Arabia on Sunday to begin the annual haj ritual, the country's health minister said there was no sign of any outbreaks of disease.
Britain's vote to leave the European Union could "in theory" be reversed although there is a still a strong probability it will go ahead, said the European Commissioner for Economic and Financial Affairs Pierre Moscovici on Monday.
Turkey has reversed its decision to ban a German journalist from leaving the country while she awaits trial on charges of being a member of a terrorist organization, the journalist said on her Twitter account on Monday.
At least 10 people were killed by strong tremors that rocked Indonesia's holiday island of Lombok on Sunday, authorities said following the latest in a series of earthquakes that killed hundreds and forced thousands to flee their homes in recent weeks.
PepsiCo has agreed to buy home-carbonation company SodaStream for $3.2 billion, the latest move by the cola giant to diversify away from sugary sodas and salty snacks.
Fewer Americans are moving around the country to pursue new work opportunities, as better job prospects near home and changing family ties make people less willing to uproot their lives.
For years Edward Lampert has called the shots at Sears as its chief executive, largest shareholder and biggest lender. But his latest play to keep the struggling chain afloat is out of his hands.
In Windsor, Ontario, angst is rising that the border town’s ties to the U.S. auto industry, already strained by steel tariffs, could soon be ruptured by President Trump’s threatened tariffs on Canadian-made cars.
American households are saving more than previously estimated, a sign that consumers are better positioned to weather the next economic downturn.
Chinese and U.S. negotiators are drawing up a road map for talks to end their trade impasse ahead of meetings between President Trump and Xi Jinping in November.
The president set policy that let his nation gorge on foreign loans, granting his wish of a brawny economic expansion. Now it is paying the price. The economic turmoil shows how hard it is for countries to emulate China’s model of authoritarian capitalism.
The unemployment rate among young Americans fell to its lowest level in more than 50 years this summer, though the share of young people looking for work remained well below its peak in 1989.
As drinkers in Europe and the U.S. turn away from beer in favor of spirits and nonalcoholic beverages, Africa’s importance to brewers is growing.
Apple said it removed illegal gambling apps from its App Store in China as it came under fire from state media—a move that could help quell the latest challenge for the tech giant in its most important market outside the U.S.
The insurer paid $5.5 billion in 2016 to acquire the portfolio that includes properties in Manhattan, Chicago and Miami, but it’s now looking to sell to raise cash.
As trade disputes continue, the promising U.S.-China energy relationship is compromised as prospects for exports grow less clear.
U.S. home construction rebounded last month after a big drop in June, but was weaker than Wall Street had expected, with many analysts taking a bleak view of the housing market.
President Trump said that negotiations have stalled over his attempt to rewrite the North American Free Trade Agreement and that he is no longer in a hurry to overhaul the pact.
Auto makers can now collect large amounts of data from internet-connected vehicles, from location to driving habits.
“Yellowstone,” starring Kevin Costner, has found a sizable audience with both male and female viewers, something the network attributes to its family dynamic and its setting in the American West.
Foxconn is making a new push into semiconductors, teaming up with a local government in China’s Pearl River Delta to build a chip fabrication plant.
U.S.-stock index futures are slightly higher on Monday, with major indexes poised to open near multimonth highs as investors remained optimistic that progress was being made in the contentious trade disputes between the U.S. and its major trading partners.
Despite strong earnings and potential progress in trade talks, the major U.S. indexes could see a bit of a correction this week on guidance concerns.
Deere stock may complete an eight-month double top pattern after earnings and break down in a 25% decline.
Canopy Growth shares moved sharply higher after Constellation Brands upped its investment, but traders will be watching these key levels.
J. C. Penney stock is not owned based upon earnings; it's a mall anchor near you to buy as an "option on survival."
NVIDIA shares could rally after earnings, with real gamers picking up the slack caused by a second quarter crypto sales slowdown.
Despite the conception that traditional retail is dead, the Retail Sector ETF has hit new highs, suggesting that profitable opportunities remain.
Bullish chart patterns and clear guides for placing buy and stop orders in the cybersecurity sector suggest that now could be the ideal time to buy.
Given solid earnings growth and multiple accumulation signals, The Trade Desk stock could be worth a spot in a growth-oriented portfolio.
Cisco Systems reports earnings with a favorable dividend yield of 3.02% and the stock testing its quarterly risky level.
Harley-Davidson stock is testing three-month support after President Trump's weekend tweet and could break down to a two-year low.
Alibaba shares have fallen due to the intensifying trade war between China and the U.S., but traders will be watching these key levels.
Nearby trendlines and major technical sell signals are pointing to a move lower in agricultural commodities such as corn and soybeans.
Dow component Walmart has an elevated P/E ratio of 30.16 with a reasonable dividend yield of 2.31% and a positive weekly chart.
Twitter shares have been trending sideways since its bearish second quarter financial results, but traders will be watching these key levels.
Security firm IOActive has told a Las Vegas cybersecurity conference that AvaTrade's platform stores passwords without encryption.
Shares of major department stores could hit new highs after earnings, but long-term headwinds remain in place.
Dow component Home Depot has a market-neutral P/E ratio of 25.53, a dividend yield of 2.10% and negative chart patterns.
Federal prosecutors are focused on over $20 million in loans obtained by U.S. President Donald Trump's former personal lawyer Michael Cohen from taxi businesses owned by him and his family, the New York Times reported on Sunday.
President Donald Trump faced an unprecedented outcry from former intelligence officials on Friday after stripping the security clearance of former CIA Director John Brennan, but Trump defended his move and said he planned another one soon.
U.S. President Donald Trump said on Sunday he had "nothing to hide" from the special counsel investigating Russian interference in the 2016 U.S. election, and denied that his top lawyer had turned on him by cooperating with the probe.
The White House's top lawyer has cooperated extensively with the special counsel investigating Russian interference in the 2016 U.S. election, sharing detailed accounts about the episodes at the heart of the inquiry into whether President Donald Trump obstructed justice, the New York Times reported on Saturday.
A federal appeals court on Friday ordered the Trump administration to immediately implement an Obama-era chemical safety rule introduced in response to a 2013 explosion at a fertilizer plant in Texas that killed 15 people.
In a break with convention, President Donald Trump weighed in on a criminal trial as the jury considered a verdict on Friday, calling the tax and bank fraud case against Paul Manafort "very sad" and lauding his former campaign chairman as a "very good person."
Special Counsel Robert Mueller recommended in a court filing on Friday that a judge sentence former Trump campaign aide George Papadopoulos to up to six months in prison for lying to federal agents investigating whether Russia interfered in the 2016 U.S. presidential election.
U.S. President Donald Trump asked securities regulators to explore replacing quarterly reporting requirements with half-yearly filings at the urging of executives including PepsiCo Chief Executive Indra Nooyi, reigniting a debate about how often companies should give financial updates to investors.
The jury in the bank and tax fraud trial of President Donald Trump's former campaign chairman, Paul Manafort, stopped its work on Friday afternoon and will meet for their third day of deliberations on Monday at 9:30 a.m. (1330 GMT), according to the judge in the case.
U.S. President Donald Trump said on Friday he has asked the U.S. Securities and Exchange Commission to study the impact of allowing companies to file reports with the financial regulator every six months instead of every quarter.
U.S. President Donald Trump said Friday that he wanted the Securities and Exchange Commission (SEC) to explore doing away with quarterly corporate reports, replacing them with filings every six months.
The Securities and Exchange Commission will continue to study the frequency of public company reporting after President Donald Trump called on the agency to consider shifting from quarterly to semiannual reports, SEC Chairman Jay Clayton said on Friday.
The top U.S. securities regulator on Friday said it had voted to simplify and update requirements for disclosing information that it considers redundant or outdated, with the aim of reducing compliance burdens for companies.
The jury in the trial of President Donald Trump's former campaign manager asked the judge to be released at 5 p.m. Eastern time (2100 GMT) on Friday because one of its members has a social engagement.
U.S. President Donald Trump said on Friday he had canceled a planned military parade for November due to high costs and would instead visit Paris to commemorate the end of World War I, a day after the Pentagon postponed the event to at least next year.
The judge in the trial of U.S. President Donald Trump's former campaign chairman Paul Manafort said on Friday that he would not release the names and addresses of jurors sought by media outlets because he was worried about their "peace and safety."
U.S. Attorney General Jeff Sessions on Thursday sought to speed up the deportation of illegal immigrants, telling immigration judges they should only postpone cases in removal proceedings "for good cause shown."
Less reporting by U.S. corporations could put shareholders in the dark, allow companies to drift off course and even make U.S. stocks less attractive and create less public company investment, some...
Australia's No.1 retirement and wealth management company AMP Ltd paid hundreds of millions of dollars from customers' retirement accounts to its subsidiaries without proper documentation, an inquiry...
Two major Tesla Inc shareholders cut their stakes in the electric automaker during the second quarter, before Chief Executive Elon Musk announced he would try to take the company private earlier this...