September 5, 2018

U.S. trade deficit surges to five-month high as exports fall

The U.S. trade deficit rose to a five-month high in July, with the politically sensitive gap with China hitting a record high, which economists said could […]
September 5, 2018

Atlanta Fed pares U.S. third-quarter GDP growth view to 4.4 percent

The U.S. economy is expanding at a 4.4 percent annualized rate in the third quarter, the Atlanta Federal Reserve’s GDPNow forecast model showed on Wednesday, following […]
September 5, 2018

Exclusive: Cargill hedge fund CarVal says rejected approach by Schroders

British asset manager Schroders expressed interest in buying CarVal Investors in May but the hedge fund that is owned by U.S. agri group Cargill said it […]
September 5, 2018

Trump targets Nike as Kaepernick ads spark boycott calls

U.S. President Donald Trump on Wednesday criticized Nike Inc for its new advertising campaign featuring Colin Kaepernick, the NFL quarterback who sparked controversy by kneeling during […]
September 5, 2018

Fox invests $100 million in broadcasting platform Caffeine

Twenty First Century Fox said on Wednesday it made a $100 million investment in social broadcasting platform Caffeine. Powered by WPeMatico
September 5, 2018

Walmart trials grocery delivery to rival Amazon Flex

Walmart Inc is testing whether independent drivers could deliver its groceries as the retailer races to meet its goal of offering home delivery to more than […]
September 5, 2018

Facebook, Twitter on defense in U.S. Congress over foreign bids to tilt politics

Top executives from Facebook Inc and Twitter Inc defended their companies in the U.S. Congress on Wednesday over what lawmakers see as a failure to combat […]
September 5, 2018

Congress should act on foreign interference in elections: U.S. senator

U.S. Senator Mark Warner told the Senate Select Committee on Intelligence on Wednesday that Congress will need to act to stop foreign bad actors who use […]
September 5, 2018

Facebook, energy stocks bog down Wall Street, tariff woes loom

U.S. stock indexes were lower on Wednesday, weighed down by Facebook, energy stocks and concerns over the possibility of President Donald Trump going through with plans […]
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