Don't be fooled by rising consumer price data, take a peek behind the numbers
US consumer prices rose 3.2% for the 12 months ending in July, according to the latest Consumer Price Index, which landed Thursday. That compares to 3% in June.
2023-08-11 19:45
Country Garden credit distress likely to spill over to China markets - Moody's
LONDON Credit distress at Chinese private developer Country Garden is likely to spill over to the country's property
2023-08-11 18:54
Coach Beat Michael Kors in the Handbag Wars. Now It Has to Fix It
Tapestry Inc., with Coach, and Capri Holdings Ltd., with Michael Kors, have been battling for nearly a decade
2023-08-11 17:52
Country Garden shares hit record low on loss forecast, restructuring fears
By Clare Jim HONG KONG (Reuters) -Shares of China's largest private property developer Country Garden plunged to a record low
2023-08-11 11:25
Mississippi Supreme Court will not dismiss former NFL quarterback Brett Favre from welfare scheme civil lawsuit
The Mississippi Supreme Court said it will not dismiss former NFL quarterback Brett Favre from a civil lawsuit filed by the state seeking to recoup millions of dollars distributed as part of what the state calls a statewide welfare fraud scheme.
2023-08-11 11:17
Gold frail as US dollar, yields hold ground after inflation data
Gold prices hovered near one-month lows on Friday as markets assessed the cooler-than-expected U.S. inflation data, with bullion
2023-08-11 10:45
China property giant Country Garden warns of up to $7.6bn loss
It is the latest signal of the major issues faced by the world's second largest economy.
2023-08-11 10:29
Microsoft’s Role in Email Breach to Be Part of US Cyber Inquiry
A US cybersecurity advisory panel will investigate risks in cloud computing, including Microsoft Corp.’s role in a recent
2023-08-11 09:26
Supreme Court blocks $6 billion Purdue Pharma opioid settlement and will hear case this fall
The Supreme Court on Thursday blocked Purdue Pharma from going forward with bankruptcy proceedings, which the Biden administration has called an "unprecedented" arrangement that would ultimately offer the Sackler family broad protection from opioid-related civil claims.
2023-08-11 04:46
Coach owner's Michael Kors deal creates US giant to take on European luxury rivals
By Aishwarya Venugopal (Reuters) -Coach parent Tapestry will buy Michael Kors owner Capri Holdings in a deal valued at $8.5
2023-08-11 00:45
Credit card and car loan delinquencies pass pre-Covid levels as consumers get squeezed
More Americans are failing to make payments on their credit cards and auto loans, another sign of rising financial pressure on consumers.
2023-08-10 23:15
Meat drove grocery prices up in July
Grocery prices ticked up 0.3% in July, after staying flat in June, driven largely by rising beef prices.
2023-08-10 22:54