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Economy News

January 29, 2020
Facebook reports 4Q profit, user growth despite challenges
Facebook had a strong fourth quarter as it made more money on advertising and added more users despite challenges around ...
January 29, 2020
Warren Buffett gets out of the newspaper business
Billionaire Warren Buffett is giving up on the newspaper business. He's selling all of Berkshire Hathaway's publications to ...
January 29, 2020
Record sales push Tesla to 2nd straight quarterly profit
Record electric vehicle sales in the fourth quarter helped to push Tesla Inc. to its second-straight quarterly profit, giving ...
January 29, 2020
Grounded jet sends Boeing to first annual loss in 2 decades
Boeing, an icon of American manufacturing, suffered its first annual financial loss in more than two decades while the cost ...
January 29, 2020
Stocks give up early gains and end mixed on Wall Street
Stocks gave up early gains and ended mixed on Wall Street as strong showings by some tech companies were offset by losses ...
January 29, 2020
Helicopters rescue residents from burning building
Los Angeles firefighters rescued terrified residents from the rooftop of a 25-story apartment building where a fire broke out ...
January 29, 2020
Buyers move to used vehicles as new autos hit record prices
The average sale price of a new vehicle hit a record of just over $39,000 late last year, a figure that chased many buyers ...
January 29, 2020
McDonald's wraps up tumultuous year on a strong note
McDonald's wrapped up a tumultuous year on a high note after the company's CEO was ousted in November. The burger giant said ...
January 29, 2020
BBC to cut an estimated 450 jobs in modernization plan
The BBC said Wednesday that plans to “modernize” the British broadcaster's newsroom will lead to the loss of an estimated 450 ...
January 29, 2020
US pending home sales tumbled 4.9% in December
Americans pulled back substantially on signing contracts to buy homes in December, a possible sign of mounting affordability ...
January 29, 2020
CEO of L Brands may step down from post, report says
The CEO of the parent company for Victoria's Secret, Bath & Body Works and other stores is in talks to step down from the top ...
January 29, 2020
Russia rescues 536 fishermen stranded on giant ice floe
In a nearly seven-hour operation, Russia's emergency services rescued 536 ice fishermen after they got stranded on a giant ...
January 29, 2020
Germany raises 2020 growth forecast slightly to 1.1%
The German government on Wednesday modestly raised its economic growth forecast for the country this year to 1.1%.
January 29, 2020
Britain's EU Journey: When Johnson gambled to deliver Brexit
Britain officially leaves the European Union on Friday after a debilitating political period that has bitterly divided the ...
January 29, 2020
World shares mostly higher after rebound on Wall Street
Shares advanced in most European and Asian markets on Wednesday after a rebound on Wall Street reversed most losses from a ...
January 29, 2020
Apple holiday season tops projections as iPhone bounces back
Apple is still reaping huge profits from the iPhone while mining more moneymaking opportunities from the growing popularity ...
January 29, 2020
Nissan to offer severance packages to older US workers
Slumping Nissan Motor Co. is offering voluntary separation packages to many of its U.S. workers as it tries to resize itself ...
January 29, 2020
Starbucks' results top estimates but coronavirus slows sales
It was a happy holiday at Starbucks, but the company's sales momentum could start to slow due to the coronavirus outbreak in ...
January 28, 2020
In grinding manufacturing slump, 3M cuts another 1,500 jobs
A profound slump in manufacturing and a trade war that has slowed economic growth in China has led to a second round of ...
January 28, 2020
Pfizer posts 4Q loss, misses Street views, on lower revenue
Pfizer's ongoing restructuring is significantly reducing revenue, resulting in a $337 million loss in its fourth quarter and ...
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