Stock market today: US futures point lower after shaky start to big retail week, sluggish China data
Wall Street is pointing lower after data showed China’s economy is weaker than expected, while Home Depot cut its profit and sales outlook for the year, signaling a pullback in spending by Americans strapped by inflation and anxious about a possible recession
2023-05-16 19:54
Home Depot, after years of explosive growth, cuts its outlook as Americans cool spending on homes
The Home Depot’s robust growth during the coronavirus pandemic is starting to slow as anticipated, with the retailer’s fiscal first-quarter revenue missing Wall Street’s estimates and a key sales figure declining
2023-05-16 19:50
Oil Demand to Rise More Than Expected on China, IEA Says
Global oil demand will climb more strongly than previously estimated this year as a post-pandemic rebound in China
2023-05-16 19:47
Vodafone axing 11,000 jobs as UK wireless carrier aims to cut costs, boost growth
Wireless carrier Vodafone says it’s laying off 11,000 workers as part of a major revamp aimed at cutting costs and boosting flagging financial performance
2023-05-16 19:25
Canadian Prime Minister Trudeau arrives in South Korea to discuss trade, North Korean challenge
Canadian Prime Minister Justin Trudeau has arrived in South Korea for a meeting with South Korean President Yoon Suk Yeol at which they are expected to discuss expansion of trade and challenges posed by North Korea
2023-05-16 19:18
UK's competition boss: We do not want a hostile environment for tech
LONDON The head of Britain's anti-trust regulator said it was not seeking to create a "hostile environment" for
2023-05-16 18:50
Ex-Audi chief pleads guilty in automaker's diesel emissions scandal
The former head of Volkswagen’s luxury division Audi has pleaded guilty to charges tied to the automaker’s diesel emissions scandal
2023-05-16 18:27
Marketmind: Biden, Republicans set for debt ceiling face-off
A look at the day ahead in U.S. and global markets from Samuel Indyk. Another day, another meeting
2023-05-16 18:24
France Presents Bill to Rival US Support for Green Industry
The French government presented a green industry bill including tax credits and targeted bonuses for electric vehicles, seeking
2023-05-16 18:23
Returning to the Arab fold, Syria's president invited to UAE-hosted COP28 climate
Syria’s embattled President Bashar Assad has received an invitation to attend the upcoming COP28 climate talks in Dubai later this year, even as the yearslong war in his country over his rule grinds on
2023-05-16 17:55
South Africa Unemployment Rate Rose for First Time in Over a Year
South Africa’s unemployment rate rose for the first time in more than a year and may continue climbing
2023-05-16 17:55
Biden administration announces nearly $11 billion for renewable energy in rural communities
The U.S. Department of Agriculture announced a nearly $11 billion investment on Tuesday to help bring affordable clean energy to rural communities throughout the country
2023-05-16 17:29