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Economy News

Juan Cobo, Christopher Froome, Bradley Wiggins
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 ...
July 16, 2019
CSX 2Q profit down 1% on weaker volume
CSX second-quarter profit slipped 1%, falling short of what Wall Street expected as the railroad hauled 4% less freight.
July 16, 2019
Barneys New York evaluating restructuring options
Barneys New York may soon join the ever lengthening list of retail stores seeking protection in bankruptcy. The luxury ...
Paul Njoroge
July 16, 2019
6 minutes: Man haunted by family's final moments on 737 Max
When Paul Njoroge gets on an airplane, he becomes fixated on the first few minutes after takeoff. "I have to look at my watch ...
July 16, 2019
US industrial production unchanged in June
U.S. industrial production was flat in June, as a slump in utilities was offset by gains in output by factories and mining.
July 16, 2019
Johnson & Johnson 2Q profit jumps 42% despite lower sales
Johnson & Johnson posted slightly lower sales across much of its business in the second quarter, but a big one-time gain and ...
July 16, 2019
Boeing jet trouble leads to cuts at Europe's busiest airline
Europe's biggest airline, budget carrier Ryanair, will cut flights and close some of its bases beginning this winter because ...
July 16, 2019
US retail sales rise 0.4% in June in sign of consumer health
U.S. retail sales rose at a solid pace last month, providing crucial support to the economy at a time when other drivers of ...
July 16, 2019
JPMorgan Chase posts $9.7 billion profit, beating estimates
Banking giant JPMorgan Chase & Co. said Tuesday that its second quarter profits grew by 16% from a year ago, helped by lower ...
July 16, 2019
Goldman Sachs 2Q profit declines 6%, but beats estimates
Goldman Sachs said its second quarter profit fell 6% from a year earlier, as the Wall Street firm saw declines across most ...
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