August 30, 2018

U.S. stocks drop on China trade concerns; Argentine peso roiled

Gains in U.S. stocks came to a halt on Thursday as concerns rose among investors that the U.S.-Chinese trade dispute will intensify, while economic turmoil in […]
August 30, 2018

Dollar Tree misses comparable sales estimates on Family Dollar weakness

Dollar Tree Inc missed Wall Street expectations for quarterly same-store sales on Thursday as the discount store operator’s Family Dollar business struggled to boost sales, sending […]
August 30, 2018

U.S. consumer spending, inflation data point to strong economy

U.S. consumer spending increased solidly in July, suggesting strong economic growth early in the third quarter, while a measure of underlying inflation hit the Federal Reserve’s […]
August 30, 2018

Abercrombie sales miss as Hollister runs out of stock in Europe

Abercrombie & Fitch Co failed to take full advantage of an unusually long summer in Europe as its stock of Hollister brand of summerwear could not […]
August 30, 2018

Wells Fargo fires bankers after probe into doctoring of expense receipts – Wall Street Journal

Wells Fargo & Co has fired or suspended more than a dozen employees in its investment bank over alleged violations of the company’s expense policy regarding […]
August 30, 2018

Wall Street lower on China tariff worries

U.S. stocks fell on Thursday, after four days of gains, weighed down by weak results from retailers and on rising concerns over the U.S.-China trade war […]
August 30, 2018

Consumer spending rises strongly; inflation firming

U.S. consumer spending increased solidly in July, pointing to strong economic growth early in the third quarter, while a measure of underlying inflation hit the Federal […]
August 30, 2018

Atlanta Fed lowers U.S. third-quarter GDP view to 4.1 percent

The U.S. economy is expanding at a 4.1 percent annualized rate in the third quarter, the Atlanta Federal Reserve’s GDPNow forecast model showed on Thursday, following […]
August 30, 2018

Merrill Lynch does about face on fiduciary-era policy

Bank of America Corp’s wealth management arm Merrill Lynch is reintroducing brokerage capabilities to its retirement accounts, reversing a policy put in place to comply with […]
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