Business > Economy

U.S. companies say consumer still strong even as broader outlook dims

1 hour ago   |   Reuters

Walmart became the latest company to point to a strong U.S. consumer, adding to a raft of firms in recent weeks citing healthy demand at a time when spending is seen as an...
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The world's biggest shipping company warns that the global trade slump is probably here to stay in 2020

The world's biggest shipping company warns that the global trade slump is probably here to stay in 2020

2 hours ago   |   Business Insider

Maersk, the world's biggest container-shipping company, is sounding the alarm on global trade in 2020. In its latest earnings report, the Danish company said that trade wars...
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Otis Elevators' Judy Marks Will Be the Fortune 500's Next Female CEO

Otis Elevators' Judy Marks Will Be the Fortune 500's Next Female CEO

2 hours ago   |   Fortune

Good morning. The too-elite club of female Fortune 500 CEOs will get a new member next year when Otis Elevator spins out of United Technologies. Judy Marks, who came on as...
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‘No farm, no food, no future!': Farmers clog traffic in Hamburg with 4,000 tractors, reject ‘scapegoating' by govt

‘No farm, no food, no future!': Farmers clog traffic in Hamburg with 4,000 tractors, reject ‘scapegoating' by govt

3 hours ago   |   RT

German farmers have flooded a city's streets with thousands of tractors, in protest against new environment regulations; they are accusing the government of bullying them as it...
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Hong Kong confirms economy fell into recession amid protests, trade war

4 hours ago   |   Reuters

Hong Kong sank into recession for the first time in a decade in the third quarter, government data confirmed on Friday, weighed down by increasingly violent anti-government...
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New Jersey Takes Aim at the Gig Economy, Slaps Uber With a $650 Million Fine

10 hours ago   |   Vanity Fair

New Jersey wants Uber to pay all of the employment taxes that it avoids by calling drivers independent contractors instead of employees.
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Asian shares rise, but gains capped by weak sentiment

12 hours ago   |   Reuters

Asian equities rose on Friday after the S&P 500 index notched a new record closing high, but investor sentiment remained fragile following weak data from China and Germany...
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Trudeau to face weakened fiscal position, deepening deficits amid slumping economy: budget watchdog

13 hours ago   |   National Post

OTTAWA - The deficit under Prime Minister Justin Trudeau is likely to deepen in coming years due to a slump in economic growth, further weakening the Liberal's fiscal position...
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Uber Fined $649 Million for Saying Drivers Aren't Employees

14 hours ago   |   NY Times

The move by New Jersey could reverberate across the gig economy.
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Hong Kong to unveil depth of recession amid protests, trade war

14 hours ago   |   Reuters

Hong Kong is expected to confirm on Friday it plunged into recession for the first time in a decade, amid concerns the economy could be in even worse shape than feared as...
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SoftBank is reportedly holding up a big chunk of its $9.5 billion bailout of...

SoftBank is reportedly holding up a big chunk of its $9.5 billion bailout of WeWork - and it's causing 'lots of anxiety'

WeWork is still waiting for a big chunk of the $9.5 billion bailout it agreed with SoftBank, according to The Real Deal . SoftBank has postponed a $3 billion tender offer... Read more ...

Prince Andrew to give ‘no holds barred' interview on Jeffrey Epstein friendship

Prince Andrew to give ‘no holds barred' interview on Jeffrey Epstein friendship

Prince Andrew is speaking out for the first time about his former ties to disgraced money manager Jeffrey Epstein in a “no holds barred interview” set to air this weekend. The... Read more ...

Multiple victims injured in California high school shooting; police are...

Multiple victims injured in California high school shooting; police are hunting for the gunman

Multiple people were injured in a shooting at a California high school Thursday morning. Authorities said they were searching for a male, Asian suspect wearing black... Read more ...

‘Barbaric behavior beyond the line': HK justice secretary sustains arm...

‘Barbaric behavior beyond the line': HK justice secretary sustains arm injury as angry mob attacks her in London

Dozens of supporters of the Hong Kong anti-government protest ganged up on a visiting member of the city's government while she was visiting London to promote a Chinese... Read more ...

Amazon just made its first official challenge to Microsoft's $10 billion...

Amazon just made its first official challenge to Microsoft's $10 billion JEDI cloud contract win over claims of ‘unmistakable bias'

Amazon made its first formal action against Microsoft's victory in the battle for a $10 billion Pentagon cloud contract. The Pentagon selected Microsoft on Oct. 25 for the... Read more ...

Walmart employees in El Paso, including one who saved dozens in mass...

Walmart employees in El Paso, including one who saved dozens in mass shooting, are back at work after the store reopens

The Walmart store in El Paso, Texas, where 22 people died in a mass shooting was reopened on Thursday. The store had been closed since the shooting happened in August. "It's... Read more ...

Trump raises $3.1 million on first day of public impeachment hearings

Trump raises $3.1 million on first day of public impeachment hearings

President Trump is raking in money as the impeachment inquiry against him goes public - netting $3.1 million in donations on the first day of televised hearings on Capitol... Read more ...

Trump advisor Stephen Miller faces increasing pressure to resign after...

Trump advisor Stephen Miller faces increasing pressure to resign after reports that he shared white nationalist links with a Breitbart editor

White House advisor Stephen Miller is facing increasing pressure to resign after new leaked emails showed him exchanging links to white nationalist websites with a Breitbart... Read more ...

Who's scheduled to publicly testify next in Trump's impeachment hearings

Who's scheduled to publicly testify next in Trump's impeachment hearings

The impeachment inquiry into President Donald Trump has officially moved into its public phase, and witnesses in the inquiry are beginning to testify in an open session before... Read more ...

Walmart expects a strong holiday season, and it's sending shares to their...

Walmart expects a strong holiday season, and it's sending shares to their highest level all year

Walmart reported third-quarter fiscal 2020 earnings before market open Thursday. Shares rose as much as 3.5% in early trading, setting up Walmart to open at its highest price... Read more ...