Business

Business & FinanceDeals16 August 2023, 7:48 pm 1 minute Reuters exclusively reported that ArcelorMittal SA (MT.LU), the world’s second-largest steelmaker, is considering a potential…

Consumer spending held up well in July as inflation slowed, with retail sales turning in a stronger-than-expected showing for the month, the Commerce Department reported Tuesday.The advanced retail sales report showed a seasonally…

Business & Finance15 August 2023, 4:05 am 1 minute Reuters exclusively reported that equity firm Silver Lake is preparing to explore a sale of Global Blue Group Holdings Ltd (GB.N), a…

This pool image distributed by Sputnik agency shows Russian President Vladimir Putin meeting with the Tver region governor at the Kremlin in Moscow on August 9, 2023.Mikhail Klimentyev | AFP | Getty ImagesThe Russian ruble briefly…

Business & Finance14 August 2023, 7:26 pm 1 minute Reuters was first to report that Argentina’s central bank would sharply devalue the peso, which has long been held in check by…

Advancements in investment products and trading platforms haven't altered long-standing investing fundamentals, according to neurologist and best-selling financial author William Bernstein.Bernstein, who released the second edition of…

A measure of wholesale prices rose more than expected in July, countering recent trends showing that inflation pressures are easing.The producer price index, which gauges the costs that goods and services producers receive for their…

Jim O'Neill, former chief economist Goldman Sachs Group, in Italy in 2019.Alessia Pierdomenico | Bloomberg via Getty ImagesVeteran economist Jim O'Neill says central banks will need to keep interest rates up around 5% across major…

Employees prepare a window display at a Kate Spade store in The Shoppes at Marina Bay Sands shopping mall in Singapore, June 19, 2020.Roslan Rahman | AFP | Getty ImagesCheck out the companies making headlines during midday trading…

The consumer price index rose 3.2% from a year ago in July, a sign that inflation has lost at least some of its grip on the U.S. economy.Prices accelerated a seasonally adjusted 0.2% for the month, in line with the Dow Jones estimate,…

Gas station signboards display prices in Bethesda, Maryland on August 6, 2023.Mandel Ngan | AFP | Getty ImagesThursday's consumer price index report likely will show that the pace of price increases is easing, but not enough to get the…

Jose Luis Pelaez Inc | Digitalvision | Getty ImagesAmericans increasingly turned to their credit cards to make ends meet heading into the summer, sending aggregate balances over $1 trillion for the first time ever, the New York Federal…

Warren Buffett, Berkshire Hathaway CEO and chairman.Cnbc | Nbcuniversal | Getty ImagesBerkshire Hathaway shares rallied to record highs Monday following a strong quarterly report that showed a rebound in insurance operations as well as a…

JPMorgan Chase economists on Friday bailed on their recession call, joining a growing Wall Street chorus that now thinks a contraction is no longer inevitable.While noting that risks are still high and growth ahead is likely to be slow,…

Check out the companies making headlines in midday trading.Amazon — The e-commerce giant surged 8.3% after delivering a massive profit beat and positive guidance. Amazon's cloud and ad businesses also reported better-than-expected…

Miami Beach, Florida, Normandy Isle, 7ty One Venezuelan restaurant, interior with customers dining and wait staff cleaning up. Jeff Greenberg | Universal Images Group | Getty ImagesFriday's jobs report could provide a crucial piece to…

The Fitch Ratings downgrade of the United States' long-term credit rating ultimately doesn't matter, JPMorgan Chase CEO Jamie Dimon told CNBC on Wednesday."It doesn't really matter that much" because it's the market, not rating agencies,…

Business & FinanceEconomy02 August 2023, 7:13 pm 1 minute Reuters exclusively reported that The United States and Mongolia will sign an “Open Skies” civil aviation agreement.…