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Economy News

July 19, 2019
Former South African president abandons graft testimony
Former South African president Jacob Zuma has abandoned his testimony to a state commission probing graft allegations against ...
July 19, 2019
Microsoft cloud growth beats expectations
Microsoft on Thursday reported quarterly profit of $13.2 billion, powered in large part by a steadily growing cloud computing ...
July 18, 2019
Automaker BMW names production chief Zipse as new CEO
BMW has named its top production manager, Oliver Zipse, as CEO to lead the luxury automaker through a shift to new ways of ...
July 18, 2019
US average long-term mortgage rates rise; 30-year at 3.81%
U.S. long-term mortgage rates rose this week after three weeks of holding steady, tipped higher by expectations that the ...
July 18, 2019
Toys R Us plans a small comeback with 2 stores this year
The first two new Toys R Us stores — one in Texas, the other in New Jersey — will open in November as part of a small ...
July 18, 2019
Union Pacific delivers 4% better 2Q profit on lower expenses
Union Pacific Corp. delivered 4% more profit in the second quarter even though it hauled less freight because it cut its ...
July 18, 2019
Renault chief confident partnership with Nissan on track
Renault's chairman expressed confidence Thursday that the French automaker's alliance with Nissan remains on track following ...
united health, unitedhealth, united health care, health insurance
July 18, 2019
UnitedHealth hikes profit forecast after big 2Q
UnitedHealth raised profit expectations for the year after second-quarter earnings climbed almost 13%, and the nation's ...
July 18, 2019
The Latest: UK lawmakers impede path to no-deal Brexit
The Latest on Britain's impending departure from the European Union (all times local): 2 p.m. British lawmakers have put a ...
July 18, 2019
Froome confirmed 2011 Vuelta winner due to Cobo doping case
Chris Froome has become the 2011 Spanish Vuelta winner because of Juan Jose Cobo's disqualification for blood doping.
July 18, 2019
Asian stocks follow Wall Street lower on trade war fears
Asian stock markets followed Wall Street lower Thursday after President Donald Trump reignited trade fears by saying he could ...
July 18, 2019
Japan exports dip as China-US trade war takes toll
Japan's exports declined in June as shipments of goods were hit by trade disputes between China and the U.S., the Finance ...
July 17, 2019
UK leader May slams populist politics, Brexit 'absolutism'
British Prime Minister Theresa May on Wednesday criticized the increasing intolerance and absolutism of world politics, a ...
July 17, 2019
US home construction slips 0.9% to 1.25 million in June
U.S. home construction slipped last month as an uptick in the building of single-family homes was offset by a big drop in ...
July 17, 2019
Bank of America earns $7.4B in 2Q, beating estimates
Bank of America's second-quarter profits rose by 8% from a year earlier, the company said Wednesday, as the consumer banking ...
July 17, 2019
Asian stocks mixed as Wall Street ends 5-day winning streak
Asian stocks were mixed Wednesday after Wall Street ended a five-day winning streak following disappointing corporate ...
July 17, 2019
Feds: Microsoft worker stole millions in digital currency
A former Microsoft worker has been charged in what investigators describe as a scheme to steal $10 million in digital ...
July 17, 2019
Despite grounding of Boeing plane, United 2Q profit rises
United Airlines glided through the first part of summer, as strong travel demand pushed average fares higher, but the ...
July 17, 2019
Phony Ferraris, 'Shamborghinis' seized at Brazil factory
Brazilian police say they've shut down a clandestine factory that was producing fake Ferraris and sham Lamborghinis. A father ...
July 16, 2019
Wells Fargo 2Q results beat Street estimates
Wells Fargo reported better-than-expected earnings despite lower interest income in the second quarter, a potential concern ...
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