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Monthly Archives: June 2018

Skittishness hits emerging markets, and the Fed’s getting the blame

Emerging markets were rattled Thursday as a range of fears rippled through financial markets — ranging from U.S. trade wars to Federal Reserve interest-rate hikes. Brazil was the meltdown du jour, but the European Central Bank was also a major factor, with fears it would move to end its bond …

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China government orders farmers to increase soybean acreage

One central Chinese province has ordered its farmers to more than double their soybean acreage, amid a trade dispute with the U.S. and Beijing’s push to reduce reliance on exports. The agriculture department of Henan, which lies about 450 miles southwest of Beijing, said on its website Wednesday it will …

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Stitch Fix earnings Q3 2018

Source: Nasdaq Katrina Lake, CEO of Stitch Fix and others, celebrate their IPO at the Nasdaq, November 17, 2017. Stitch Fix soared after the company reported strong earnings and user growth on Thursday. Here’s how the company did compared to what Wall Street expected: Earnings: 9 cents vs. 3 cents …

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Trump says he would invite Kim Jong Un to the US if Singapore talks go well

Getty Images News | Getty Images U.S. President Donald Trump meets with Japanese Prime Minister Shinzo Abe in the Oval Office of the White House on June 7, 2018. The summit brings the opportunity for a potential breakthrough in talks to reduce tension in East Asia. However, the North Korean …

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Facebook bug made private posts of 14 million users public

Chip Somodevilla | Getty Images Mark Zuckerberg testifies before the House Energy and Commerce Committee in the Rayburn House Office Building on Capitol Hill April 11, 2018. About 14 million Facebook users who thought they were posting a message just to friends or smaller groups may have actually been sharing …

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GameStop turns to comic books as it looks for new revenue growth

Patrick T. Fallon | Bloomberg | Getty Images Customers browse collectible video game merchandise for sale at a GameStop Corp. store in West Hollywood, California. GameStop may get more help from the likes of Batman, Wonder Woman and Iron Man. The video game retailer is looking at how traditional comic …

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Procter & Gamble plan under ‘very serious consideration,’ Peltz says

Shares of Procter & Gamble rose 2 percent Thursday after Trian Partners’ Nelson Peltz indicated his proposal for reorganizing the company was gaining traction. “It’s really under very serious consideration,” Peltz said of Trian’s white paper, which describes how P&G could improve its business with measures such as reorganizing the …

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Buffett says economy is feeling strong

Berkshire Hathaway chairman Warren Buffett and J.P. Morgan Chase chief executive Jamie Dimon told CNBC the U.S. economy is in rare form and could continue to prove strong for years to come. In an exclusive joint interview with CNBC’s Becky Quick, Dimon and Buffett cited several aspects of the economy …

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European football revenue rises to record, Deloitte says

Mike Hewitt | Getty Images Sports | Getty Images A dejected David De Gea of Manchester United looks at the ball in his net as Leonardo Ulloa of Leicester City scores his team’s opening goal during the Barclays Premier League match between Leicester City and Manchester United at The King …

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America’s biggest RV manufacturer warns tariffs are already raising costs, shares plunge

Luke Sharrett | Bloomberg | Getty Images A factory worker installs rivets on an Airstream RV travel trailer at the company’s assembly plant in Jackson Center, Ohio. Shares of Thor Industries, the largest manufacturer of recreational vehicles (RVs), dropped more than 8.5 percent in the premarket Thursday after the company …

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