In the first three weeks of October, 165 American companies have cited the slowing global economy in their outlooks for earnings and revenue.Among the phrases that have appeared in many of those statements are “challenging macroeconomic environment,” or ”global headwinds.
WASHINGTON (Reuters) - Federal Reserve chief Janet Yellen will appear at the Joint Economic Committee of the U.“Chair Yellen is scheduled to testify before the Joint Economic Committee the morning of Thursday, December 3,” committee spokeswoman Kristine Michalson said in an email.
Rivals like Apply Pay have struggled to sign up retailers to accept their payments.O) Apple Pay’s website lists Best Buy in its “Coming Soon” section but has no mention of Wal-Mart.
(Reuters) - The Dow and the S&P 500 edged lower on Monday as energy shares dropped with oil prices and Apple retreated a day before its quarterly results.5 percent, leading sector declines for the S&P 500.
(Reuters) - American Airlines Group Inc (AAL.O), the world’s largest airline, on Friday said it will roll out bare-bones fares in 2016 to battle U.
BERLIN (Reuters) - Credit Suisse CSGN.Switzerland’s second-largest bank said this week it plans to raise 6 billion Swiss francs ($6.
(Reuters) - Dow Chemical Co DOW.“Everyone is talking to everyone,” Dow Chief Executive Andrew Liveris said on a conference call.
N) on Thursday forecast a drop in 2016 sales and profit as the outlook for global mining, drilling and construction activity remained bleak, and posted lower third-quarter earnings.Amid weakness in the industries where it operates, the company said it had too much capacity, adding that capital expenditure in 2016 would be less than half of 2012 levels.
MI), according to local union hall websites.Large local union halls in Kokomo, Indiana, and Belvidere, Illinois, supported the deal by more than 80 percent, according to their respective websites.
A drop in crude oil prices weighed on the S&P 500 energy sector.That led sector declines for the S&P 500, followed by materials.
DETROIT (Reuters) - A large United Auto Workers union hall in Kokomo, Indiana, overwhelmingly supported a new contract with Fiat Chrysler Automobiles NV (FCAU.N) (FCHA.
(Reuters) - American Express Co, the world’s largest credit card issuer, reported a quarterly profit that missed analysts’ estimates as costs rose and a strong dollar ate into revenue from its international business.REUTERS/Mike Blake The company’s costs also rose due to the impact of certain previously renewed co-brand partnerships.
Industry group American Petroleum Institute (API) said in a preliminary report U.Energy Information Administration (EIA) will report official inventory data on Wednesday.
N) reported record quarterly earnings for the third quarter, as strong demand for trucks in North America and improved profit margins in China overcame declining revenues.manufacturers, which have wrestled with slowing growth in China and the drag on revenues exerted by the strong U.
NEW YORK (Reuters) - Crude oil fell about 4 percent on Monday after a tumble in gasoline futures added pressure to a market slumping on slower growth in China and signs that Iranian oil will return to the market soon following implementation of its nuclear deal.The poll showed draws for gasoline and distillate stockpiles as it predicted a half percentage point drop in refinery utilization from the previous week’s 86 percent.
“The situation changed over the last few months,” Dudley told CorrierEconomia last Thursday on the sidelines of a conference at the Brookings Institutions in Washington.” He added that it was “still too early to think about raising interest rates”.
(Reuters) - Suppliers of everything from groceries to sports equipment are already being squeezed for price cuts and cost sharing by Wal-Mart Stores (WMT.QUESTIONS NOT ALLOWED The squeeze on suppliers was clear to those selling to Wal-Mart’s Sam’s Club warehouse clubs around April this year.
O) to pay the University of Wisconsin-Madison’s patent licensing arm more than $234 million in damages for incorporating its microchip technology into some of the company’s iPhones and iPads without permission.The amount was less than the $400 million the Wisconsin Alumni Research Foundation (WARF) was claiming in damages after the jury on Tuesday said Apple (AAPL.
5 percent after a three-day slide against a basket of currencies, on track for its biggest gain since Sept.Treasuries yields slightly, as it renewed some hopes for a 2015 Federal Reserve interest rate hike.