Reuters. Pictured is a Gap Inc. retail store in La Jolla. By Nivedita Balu (Reuters) – Apparel retailer Gap Inc (N:) posted an unexpected 13 percent rise in quarterly comparable sales on Thursday as consumers stranded at home by the COVID-19 outbreak bought more Old Navy and Athleta apparelRead More →
© Reuters. The spread of the coronavirus disease (COVID-19) in New York By Medha Singh (Reuters)-The U.S. stock market rose on Wednesday as data showed that the expansion of the service industry last month intensified optimism, which stemmed from Disney’s surprising quarterly profit and the optimistic performance of multipleRead More →
Daimler AG said Tuesday that it swung to a fourth-quarter loss and slashed its dividend as the diesel-emissions issue weighed on its balance sheet. The German car maker DAI, +2.43% posted a net loss of 11.0 million euros ($12.0 million) for the period compared with net profit of EUR1.64 billionRead More →
The past year saw highs and lows for the travel industry. The grounding of the Boeing 737 Max aircraft BA, -0.04% following two fatal crashes caused headaches for travelers and airlines alike, prompting cancelled flights and route changes that have continued through today. Don’t miss: Airbnb hosts have booked whiteRead More →
As we approach the end of 2019, it’s time not only for year-end lists, but end-of-decade lists. U.S. stocks have had what can only be called an excellent decade. MarketWatch will feature a number of forward-looking articles building on the past decade’s action. Today we’re taking a look back. TheRead More →
(Bloomberg) — While many expect the Federal Reserve’s Wednesday decision on rates to be a snooze for markets, strategists at Bank of America Corp (NYSE:). are nonetheless mulling surprises that could stir up bond prices. They see an outside chance that the Federal Open Market Committee’s updated dot plot willRead More →
Asian markets gained in early trading Monday following an unexpected jump in China’s manufacturing activity in November. China’s official manufacturing purchasing managers index came in at 50.2 in November, according to official data over the weekend, the first time it topped 50 since April. Economists polled by the Wall StreetRead More →
Catey Hill helps MarketWatch readers find retirement destinations that fit their specific wish lists. Most are looking for cheaper places to live. But now a reader with a net worth of $5 million wants someplace that isn’t stiflingly hot, has good health care and isn’t in California. She offered threeRead More →
As Friday’s trading session drew to a close, rumors began to swirl about Canadian licensed cannabis producers circling the damaged assets of CannTrust Holdings Inc. With ongoing investigations by the Ontario Securities Commission, Health Canada, and the country’s criminal investigative unit, the Royal Canadian Mounted Police, weed companies are bettingRead More →
‘I have 28 girls coming. … Donald, this is supposed to be a party with VIPs. You’re telling me it’s you and Epstein?’ That’s what George Houraney, a Florida-based businessman, asked Trump back in 1992 about an event he had organized at the future president’s request, according to a reportRead More →
Apple Inc. and Qualcomm Inc.’s surprise settlement agreement Tuesday will result in a huge cash windfall for Qualcomm, and puts Apple on a faster path to 5G for the iPhone. The companies issued a terse joint press release Tuesday that did not disclose any financial terms of a settlement thatRead More →
Asian markets rose in early trading Monday after encouraging economic news from China. China’s official purchasing managers index, released Sunday, showed that the country’s manufacturing sector rebounded strongly in March, to a six-month high of 50.5, from 49.2 in February. Later, the private Caixin China manufacturing purchasing managers index roseRead More →
© Reuters. Traders work on the floor of the NYSE in New York (Reuters) – Wall Street’s main indexes pared gains on Monday after data showed U.S. construction spending unexpectedly fell in December, further evidence that the economy lost momentum at the tail end of 2018. The Commerce Department saidRead More →
© Reuters. FILE PHOTO – Barbie dolls are seen inside the new flagship FAO Schwarz store in Rockefeller Plaza in New York By Uday Sampath Kumar (Reuters) – Mattel Inc (NASDAQ:) reported a surprise quarterly profit on Thursday, as the toy maker benefited from its revamped line of Barbie dollsRead More →
© Reuters. A smartphone and a headset are seen in front of a screen projection of Spotify logo, in this picture illustration (Reuters) – Spotify, the world’s most popular paid music streaming service, reported an unexpected fourth-quarter operating profit on Wednesday but its sales growth was well below expectations andRead More →
Retirement account balances at Fidelity Investments dipped in the last three months of 2018, but investors weren’t to blame. The average 401(k) balance was $95,600 in the fourth quarter of last year, down from a record $106,500 in the third quarter of 2018. Market volatility was mostly the reason forRead More →
Gannett Inc. has been pursuing a purchase of digital publisher Gizmodo Media Group, according to people familiar with the matter, an effort that could be complicated by the takeover approach the USA Today owner received this week from a hedge fund-backed rival. Gannett GCI, -3.55% is one of a fewRead More →
