Tag: Featured

May 15, 2019

Macy’s on Wednesday reported first-quarter results that topped Wall Street estimates, sending shares up 2.5% ahead of the opening bell. The retailer earned an adjusted $0.44 a share on revenue of $5.7 billion, beating the $0.32 and $5.5 billion that […]

May 14, 2019

For nearly a century, the St. Pierre Manufacturing Corporation has made products such as horseshoes, tire chains, and anchors in a facility near Worcester, Mass. But in recent months, St. Pierre has been struggling. Why? Increased tariffs on goods from […]

May 14, 2019

The legendary investor Warren Buffett may have a gift for recognizing risks and anticipating disasters, but he was off the money when he predicted there wouldn’t be a trade war between the US and China. “I don’t think either country […]

May 13, 2019

Wall Street was setting up for a tough start to the week on Monday, with Dow Jones Industrial Average futures down over 300 points as investors waited for countermeasures from China after trade talks with the U.S. appeared to end […]

May 13, 2019

Bitcoin has jumped above $7,000, continuing a stunning comeback for the cryptocurrency in 2019. The virtual currency climbed close to $7,600 on Sunday, according to industry website CoinDesk. It’s since pared gains, but is still holding above that $7,000 level. […]

May 8, 2019

Ride-hailing drivers across the world went on strike on Wednesday, ahead of Uber Technologies Inc.’s UBER, +0.00% initial public offering, which is expected to price on Thursday. The drivers are protesting the large payouts that will go to Uber’s founders, […]

May 8, 2019

Strong first quarter earnings reports helped markets in Europe shake off the pull of Tuesday’s sharp losses. How did markets perform? The Stoxx 600 SXXP, -0.41% dipped 0.2% to 382.2. It fell 1.4% Tuesday. The U.K.’s FTSE 100 UKX, -0.31% […]

May 7, 2019

Crude-oil prices dropped on Tuesday amid lingering worries about a protracted trade conflict between the U.S. and China, which could hurt demand for the commodity. “Oil prices remain volatile, with concerns a trade war could have reduced demand battling for […]

May 6, 2019

Mastercard announced that it will acquire bill pay platform Transactis for an undisclosed amount. Transactis’ technology is used by bank and nonbank partners to enable businesses to streamline their bill collection digitally — including firms that typically don’t support digital bill pay, […]

May 6, 2019

Global markets plunged after President Donald Trump on Sunday threatened to raise tariffs on hundreds of billions of dollars worth of Chinese goods and , escalating the US-China trade war. Trump threatened to dramatically ramp up the trade war with […]