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Kamil Krzaczynski | Reuters Shoppers leave a Walmart store in Chicago, November 20, 2018. Shoppers didn’t spend as much as expected this past holiday season. Holiday sales were up just 2.9 percent in 2018, the National Retail Federation said on Thursday, on the heels of the Commerce Department announcing retail …
Read More »Monthly Archives: February 2019
Economists slash growth for fourth quarter after big retail sales drop
Timothy Fadek | Bloomberg | Getty Images Customers shop at a Walmart store in Secaucus, New Jersey. Economists slashed fourth-quarter GDP forecasts Thursday, and now see growth closer to 2 percent than 3 percent, after a surprise drop in December retail sales. According to the CNBC/Moody’s Analytics Rapid Update, economists …
Read More »Google replaces Amazon as Citi’s top pick for US internet companies
Stephen Lam | Reuters Google CEO Sundar Pichai speaks on stage during the annual Google I/O developers conference in Mountain View, California, May 8, 2018. Google parent company Alphabet is now Citi’s top pick for U.S. internet companies, knocking Amazon out of the top spot. In a note published early …
Read More »US and China trade talks deadlocked on technology transfers: Reports
Jim Watson | AFP | Getty Images Chinese President Xi Jinping (R) waves to the press as he walks with US President Donald Trump at the Mar-a-Lago estate in West Palm Beach, Florida, April 7, 2017. The U.S. and China remain deadlocked on key issues blocking the path toward a …
Read More »China to boost purchases of US semiconductors to alleviate trade tensions
Mark Schiefelbein | Pool | Reuters Chinese Vice Premier and lead trade negotiator Liu He, right, reaches to shake hands with U.S. Trade Representative Robert Lighthizer before the opening session of trade negotiations at the Diaoyutai State Guesthouse in Beijing, Thursday, Feb. 14, 2019. China is reportedly promising to buy …
Read More »Paul Manafort lied about interactions with Konstantin Kilimnik
Jonathan Ernst | Reuters Former Trump campaign manager Paul Manafort arrives for arraignment on a third superseding indictment against him by Special Counsel Robert Mueller on charges of witness tampering, at U.S. District Court in Washington, U.S. June 15, 2018. Paul Manafort lied to investigators in three of the five …
Read More »Canada Goose shares jump following strong third-quarter report
Chris So | Toronto Star | Getty Images Canada Goose parkas hang on display at a store in Richmond Hill, Ontario. Shares of Canada Goose jumped more than 3 percent in premarket trading after the winter clothing manufacturer reported earnings that beat Wall Street’s expectations. The Toronto-based company reported third-quarter …
Read More »Trump approval bounces back from post-government shutdown lows
Joe Raedle | Getty Images President Donald Trump speaks during a rally at the El Paso County Coliseum on February 11, 2019 in El Paso, Texas. President Donald Trump’s approval rating has mounted a decisive comeback from its descent last month during the record-length partial government shutdown, which lasted 35 …
Read More »Yelp downgraded by Citi after disappointing 2019 forecast
Michael Nagle | Bloomberg | Getty Images Yelp Inc. signage is displayed on a monitor on the floor of the New York Stock Exchange (NYSE) in New York. Citi Research downgraded its rating on Yelp shares to neutral from buy, saying the company’s recent 2019 earnings forecasts were “disappointing.” “The …
Read More »Apple to ship iPhones with only Qualcomm chips to German stores
Justin Sullivan | Getty Images Apple CEO Tim Cook looks on at an Apple Store on September 20, 2013 in Palo Alto, California. Apple Inc said Thursday that it will resume selling older iPhone models in its stores in Germany after they were banned last year, but only with chips …
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