August 14, 2019

China’s Tencent cautious after surge in quarterly profit

China’s Tencent Holdings , the world’s largest gaming company by revenue, warned on Wednesday of a difficult economic environment even as it reported a better-than-expected 35% […]
August 14, 2019

Wall Street slides as recession fears grow

Wall Street main indexes slid 1.5% on Wednesday, as a closely watched U.S. bond market indicator pointed to a renewed risk of recession following poor economic […]
August 14, 2019

Air Canada sees A220 jet delivering boost for key U.S. transit traffic

Air Canada said on Wednesday it will launch a direct Seattle-Montreal service in May 2020 with its new A220-300 jets, as the carrier eyes new routes […]
August 14, 2019

Macy’s sinks as poor spring season hits profit

Macy’s Inc slashed its full-year earnings forecast on Wednesday after missing estimates for quarterly profit for the first time in at least two years, as it […]
August 14, 2019

Macy’s not looking to raise prices if new tariffs imposed: CEO

Macy’s Inc Chief Executive Officer Jeff Gennette said on Wednesday that the department store chain would not raise prices on products if the Trump administration goes […]
August 14, 2019

Novartis says Avexis’ Chief Science Officer, head of R&D no longer at company

Novartis said on Wednesday that the chief science officer and top research and development executive at its Avexis unit are no longer at the company after […]
August 14, 2019

WeWork preps for IPO with growing revenues and widening losses

WeWork owner The We Company on Wednesday published detailed financial statements for the first time, showing it lost more than $900 million in the first half […]
August 14, 2019

Stocks wilt as bond markets flash recession warnings

Stock markets slumped on Wednesday as Germany’s economy went into reverse, fueling fears of global recession and slamming the brakes on a rally for equities after […]
August 14, 2019

Oil prices fall on weak global economic data

Oil prices fell on Wednesday on weak global economic data and a rise in U.S. crude inventories, almost erasing the previous session’s strong gains which followed […]
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