Economy News

February 26, 2020

Rough debate performance by moderators a blow to CBS News

CBS News faced an ill-timed blow to its reputation on Wednesday following a bruising Democratic presidential debate that its ...

February 26, 2020

Lowe's disappoints on 4Q sales, full-year outlook

Lowe's Cos. on Wednesday reported weaker-than-expected sales for its fiscal fourth quarter and offered an annual forecast ...

February 26, 2020

US new-home sales climbed 7.9% in January

U.S. sales of new homes jumped 7.9% in January to the fastest pace in more than 12 years, a positive sign for economic growth

February 26, 2020

Peugeot maker sees record profit, but virus clouds horizon

Despite record profits last year, Peugeot maker PSA Group said Wednesday it lost 700 million euros ($760 million) in China ...

February 26, 2020

China sentences Swedish bookseller to 10 years in prison

A court in eastern China has sentenced a Swedish seller of books that took a skeptical look at the ruling Communist Party to ...

February 25, 2020

Strong fourth quarter for Macy's heading to transition year

Macy's reported stronger-than-expected sales and profits for the fourth quarter less than a month after it announced a major ...

February 25, 2020

Trump defends Modi, refuses to weigh in on citizenship law

Defending the host who has showered him with pageantry, President Donald Trump refused Tuesday to speak out publicly against ...

February 25, 2020

US consumer confidence rises slightly to 130.7 in February

U.S. consumer confidence improved slightly in February, rising to a reading of 130.7, the highest point since August.

February 25, 2020

Home Depot's same-store sales surge in final quarter of 2019

Home Depot reported a better-than-expected fourth quarter with strong comparable-store sales. The home improvement retailer ...

February 25, 2020

Thomson Reuters names Hasker as CEO, Eastwood as CFO

Thomson Reuters says Steve Hasker will become its new CEO, succeeding Jim Smith. The company also announced Tuesday that Mike ...

February 25, 2020

Mastercard names insider as new CEO

Mastercard is naming an insider as its new CEO. Michael Miebach, who is currently the company's chief product officer, will ...

February 25, 2020

TurboTax maker Intuit buying Credit Karma in $7.1B deal

Intuit is buying consumer finance company Credit Karma in a $7.1 billion cash and stock deal that will take it deeper into ...

February 24, 2020

OxyContin maker Purdue Pharma starts ad campaign for claims

OxyContin maker Purdue Pharma launched an ad campaign Monday to tell people harmed by their powerful prescription opioid ...

February 24, 2020

UN chief issues 7-point 'call to action' on human rights

The head of the United Nations issued a “call to action” on Monday to countries, businesses and all people to help renew and ...

February 23, 2020

Report says Intuit nearing $7 billion deal for Credit Karma

Intuit Inc. is reportedly close to a $7 billion deal to acquire personal-finance portal Credit Karma Inc. and beef up its ...

February 22, 2020

Opioid settlement still elusive as some lawyers criticize it

State attorneys general are finding a national settlement over the toll of opioids to be elusive, as some lawyers for state ...

February 22, 2020

Debris found in fuel tanks of 70% of inspected 737 Max jets

Debris has been found in the fuel tanks of 70% of grounded Boeing 737 Max jets that have been inspected by the company, ...

February 22, 2020

Probe finds sexual, physical abuse at school for the deaf

An investigation has revealed multiple credible allegations of sexual and physical abuse by former faculty and staff spanning ...

February 22, 2020

Deere sees some stability on farms in bruising trade fight

Deere & Co. had a surprisingly strong first quarter after an extended period in which the tractor and construction equipment ...

February 21, 2020

UK's Prince Harry, Meghan, abandon use of SussexRoyal brand

Prince Harry and his wife, Meghan, have abandoned plans to use the "SussexRoyal" brand after they step back from royal duties