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
Stock market today: World shares decline on worries over US debt; Germany slips into recession
Shares are mostly lower in Europe and Asia as investors watch for signs of progress on a deal to avert a default on U.S. government debt
2023-05-25 17:29
IEA: Shift to clean energy accelerating, but coal investments too high to meet climate goals
The International Energy Agency says energy security concerns and policy support from rich countries are speeding up reliance on clean energy, but investments in coal power are on course to be nearly six-times beyond what is needed for the world to meet targets for achieving “net zero” carbon emissions
2023-05-25 15:52
China Warnings Flash Across Global Markets as Growth Disappoints
China’s muted economic rebound, and Beijing’s reluctance to deploy large-scale stimulus, are reverberating around the globe, crushing commodity
2023-05-25 15:51
Which companies are leaving Russia and which are staying? Here's a look
More than 500 companies have suspended their business in Russia, and a similar number have withdrawn completely
2023-05-25 14:56
Hong Kong-flagged vessel briefly runs aground in Egypt's vital Suez Canal, later refloated
A Hong Kong-flagged ship briefly ran aground in Egypt’s vital Suez Canal, though authorities said they were able to refloat it after it momentarily disrupted the waterway
2023-05-25 14:51
Companies find it's not so simple to leave Russia; some quietly stay put
When Russia invaded Ukraine, companies were quick to respond, some announcing they would get out of Russia immediately
2023-05-25 14:48