Best Buy posts mixed 1Q results but gadget slump will bottom out as shoppers replace their devices.
Best Buy turned in a first-quarter profit that beat Wall Street expectations, while the nation’s largest consumer electronics chain continued to wrestle with weak consumer demand for gadgets
2023-05-25 23:52
Supreme Court limits federal power over wetlands, boosts property rights over clean water
The Supreme Court has made it harder for the federal government to police water pollution
2023-05-25 22:45
One of Britain's Only Female Bank Bosses Is Stepping Down
Starling Bank founder Anne Boden is stepping aside as chief executive officer, saying the move is to avoid
2023-05-25 22:28
Office landlords squeezed by falling occupancy rates, refinancing difficulties. Here's why
The failure of several large lenders earlier this year and the banking turmoil that followed have fueled worries for owners of office space
2023-05-25 22:23
Companies are finding it's not so simple to leave Russia. Others are quietly staying put
When Russia invaded Ukraine, companies were quick to respond, some announcing they would get out of Russia immediately
2023-05-25 21:23
US economic growth for last quarter is revised up to a still-tepid 1.3% annual rate
The U.S. economy grew at a lackluster 1.3% annual rate from January through March as businesses wary of an economic slowdown trimmed their inventories, the government said Thursday, a slight upgrade from its initial estimate
2023-05-25 20:57
Best Buy reports declines in 1Q profits and sales as gadget spending remains weak
Best Buy reported declines in fiscal first-quarter sales and profits as the nation’s largest consumer electronics chain continues to wrestle with a consumer spending slowdown in gadgets
2023-05-25 20:50
More Americans apply for jobless benefits but labor market remains tight
U.S. applications for jobless claims rose slightly last week but remain at healthy levels as companies seem reticent to let go of employees in a tight labor market
2023-05-25 20:45
Shift to clean energy accelerating, but coal investments too high, report says
The International Energy Agency says energy security concerns and policy support from rich countries are speeding up reliance on clean energy
2023-05-25 19:53
UK household energy bills to fall in July, bringing some relief in cost-of-living crisis
Britain’s energy regulator says the typical household energy bill will come down by around $495 a year starting in July as global wholesale energy prices decline
2023-05-25 18:54
Germany economy shrinks in first quarter, signaling one definition of recession
The German economy has shrunk unexpectedly in the first three months of this year, marking the second quarter of contraction that is one definition of recession
2023-05-25 18:45
Meituan’s Revenue Beats Estimates in China Spending Revival
Meituan’s revenue jumped a faster-than-anticipated 27% after a gradually stabilizing Chinese economy drove meal delivery and travel nationwide.
2023-05-25 17:46