NEW YORK (Reuters) - U.S. companies are warning about rising wages eating into profit margins, increasing investor worries that next year’s expected drop in profit growth may be sharper than feared. FILE PHOTO - A sign for the Wall Street subway station is seen in the financial district in New York City, U.S., August 23,…
Paulo Whitaker/Reuters US equity markets were under pressure Thursday as the 10-year yield touched its highest level since the spring of 2011. Selling weighed heaviest on the tech-heavy Nasdaq, which saw losses in excess of 2%. Super Micro Computers crashed more than 50% after it was reported that Chinese spies implanted tiny chips in server motherboards…
The long wait is apparently almost over. Amazon is said to be in talks to develop its second headquarters, HQ2, in the Long Island City section of Queens, New York, and the Crystal City area of Arlington, Virginia, The New York Times reported on Monday evening, citing people familiar with the plans. The decision follows…
By CHRIS CIRILLO | Nov. 28, 2017 | 1:57 A handful of Republican senators are on the fence about President Trump’s tax plan. Here are their concerns. Related: article: Senators Scramble to Advance Tax Bill That Increasingly Rewards Wealthy
TOKYO (Reuters) - Wall Street stock futures and Asian shares lost steam on Wednesday after Democrats won control of the U.S. House of Representatives, boosting the party’s ability to block President Donald Trump’s political and economic agenda. People walk past an electronic board showing Japan's Nikkei average outside a brokerage in Tokyo, Japan, October 12,…
Amazon has finally, officially made a decision. The company on Tuesday announced it would split its second-headquarters project, which it calls HQ2, in two. The two locations — the Long Island City neighborhood of Queens, New York, and the newly formed National Landing area of Arlington, Virginia — will each get roughly half of the…
JPMorgan’s third-quarter earnings report offered both a bang and a whimper. The whimper echoed louder in the ears of investors. The bang: JPMorgan’s revenue rose 5.2% to $27.8 billion, beating analyst expectations by $380 million. Earnings came in at $2.34 a share, again beating forecasts by eight cents. For a few glorious moments, investors cheered…
print-edition icon Print edition | Finance and economics Sep 1st 2018 | NEW YORK THE document is dry, dusted with references to “benchmarks”, “performance evaluation” and “a metric-based framework”. But the 25 pages published on August 28th by the Office of the Comptroller of the Currency (OCC), one of America’s federal bank regulators, may start…
WASHINGTON (Reuters) - The United States reimposes oil and financial sanctions against Iran on Monday, significantly turning up the pressure on Tehran in order to curb its missile and nuclear programs and counter its growing military and political influence in the Middle East. FILE PHOTO: Iranian rials, U.S. dollars and Iraqi dinars are seen at…
Sears filed for Chapter 11 bankruptcy early Monday morning after a multiyear battle to stay afloat amid steep declines in sales and customer traffic. The company said that it would close 142 stores before the end of the year and that Eddie Lampert would step down as CEO while remaining the company's chairman. The more…
