The risk of a U.S. recession in the next two years has risen to 40 percent, according to a Reuters poll of economists who also found a significant shift in expectations toward fewer Federal Reserve interest rate rises next year.
Costco Wholesale Corp’s gross margins fell in the first quarter, as the warehouse operator paid higher wages, ramped up investments in its online business and cut prices amid intense competition in the grocery industry.
PG&E Corp said on Thursday it had requested California’s top utilities regulator for a 12 percent rate hike in 2020 to fund its community wildfire safety program, insurance liabilities, and core gas and electric operations.
Instacart said on Thursday it will stop delivering groceries for Whole Foods next year, ending a partnership that has been under stress since Amazon.com Inc bought the upmarket grocer last year.
Starbucks Corp said on Thursday it was partnering with UberEats for delivery from about 3,500 U.S. stores and would nearly double its outlets in China over the next four years, but forecast that same-store sales would remain steady, sending shares down 3 percent.
A federal judge on Thursday ruled that evidence provided by chip supplier Qualcomm Inc that major phone makers like Apple Inc have moved to competing suppliers like Intel Corp cannot be used to fight allegations Qualcomm acted to preserve a monopoly on some mobile phone chips.
Costco Wholesale Corp on Thursday reported quarterly revenue above Wall Street estimates.
Costco Wholesale Corp on Thursday reported quarterly revenue below Wall Street estimates, as the warehouse club operator cut prices and invested more in its online business to compete with Amazon.com Inc and Walmart Inc .
The battle between Nissan Motor Co Ltd and its ousted Chairman Carlos Ghosn in Brazil’s courts escalated on Thursday after the Japanese carmaker sued his sister alleging “unjust enrichment” and his lawyers alleged Nissan could have planted evidence.
The S&P 500 finished little changed after a volatile session on Thursday, as investors continued to be spooked by uncertainty on both domestic and international issues, driving up bids for defensive shares while financials and consumer discretionary stocks were the biggest drags.
President Donald Trump on Thursday said General Motors Co’s decision to shift much of its focus to electric vehicles will not succeed, and he asserted a new trade deal will make it harder for the company to move work to other countries.
Caterpillar Inc said on Thursday Chief Executive Officer Jim Umpleby would take on the additional role of chairman, effective immediately.
Costco Wholesale Corp on Thursday reported quarterly revenue below Wall Street estimates, as the warehouse club operator cut prices and invested more in its online business to compete with Amazon.com Inc and Walmart Inc .
Warehouse club operator Costco Wholesale Corp on Thursday reported quarterly revenue below Wall Street estimates, as it cut prices and invested more in its online business to compete with Amazon and Walmart.
Adobe Systems Inc on Thursday reported a 22.8 percent rise in quarterly revenue, helped by higher subscriptions for its flagship Creative Cloud suite of software that includes Photoshop.
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