economy

U.S. chip subsidy effort faces pushback over China issues

A series of amendments for a $190 billion U.S. Senate bill aimed at countering China's technology challenge are in limbo…

5 years ago

Asian stocks extend global rally to 7th day, U.S. stimulus in focus

Asian stocks put global equities on course for a seventh day of gains on Friday as investors bet the U.S.…

5 years ago

Gap raises 2021 forecasts as apparel shopping gains momentum

Gap Inc (GPS.N) raised its forecast for annual sales and profit, expecting an unabated surge in demand for new apparel…

5 years ago

Wall Street edges up as weekly jobless claims fall

U.S. stocks advanced modestly on Thursday, as data showing improvement in the labor market helped fuel expectations the economy continues…

5 years ago

Swiss bank Julius Baer to pay $79.7 mln in FIFA corruption settlement

The Swiss bank Julius Baer (BAER.S)will pay $79.7 million in a settlement with the U.S. Department of Justice after being…

5 years ago

U.S. drivers to get hit by soaring pump prices over Memorial Day holiday

U.S. motorists will see the highest gasoline prices in seven years when they hit the roads this Memorial Day weekend,…

5 years ago

Salesforce raises annual revenue, profit outlook

Salesforce.com Inc (CRM.N) raised its full-year forecast for revenue as well as profit, and reported quarterly revenue that beat analysts'…

5 years ago

The little engine that could, and the oil giant that couldn’t

Last December, when a week-old hedge fund named Engine No. 1 challenged Exxon Mobil to change its ways, laughter echoed…

5 years ago

U.S. weekly jobless claims drop sharply; second-quarter GDP growth unrevised at 6.4 pct

The number of Americans filing new claims for unemployment benefits dropped more than expected last week as layoffs subsided, with…

5 years ago

EXCLUSIVE China bars banks from selling commodities-linked products to retail buyers -sources

China's banking regulator has asked lenders to stop selling investment products linked to commodities futures to mom-and-pop buyers, three people…

5 years ago