While you were sleeping: Macy’s cuts profit outlook
By Margreet Dietz Nov. 12 (BusinessDesk) - Wall Street weakened as a profit downgrade from Macy’s and freshly disappointing data from China weighed on the market. Shares of US retailers dropped on a bleak earnings report from Macy’s. Shares of Macy’s sank, falling as much a...
While you were sleeping: China, Fed hike weigh
By Margreet Dietz Nov. 11 (BusinessDesk) - Wall Street moved lower, while US Treasuries rose, amid fresh data showing the strength of the US economy and the weakening of growth in China. Shares of Apple fell, last 2.3 percent weaker, after Credit Suisse downgraded its proje...
While you were sleeping: Global growth concerns
By Margreet Dietz Nov. 10 (BusinessDesk) - Equities on both sides of the Atlantic moved lower, as did commodities, amid expectations of slowing global economic growth, even as the US Federal Reserve appears to be positioning for higher interest rates next month. The Organis...
While you were sleeping: Facebook soars, jobs eyed
By Margreet Dietz Nov. 6 (BusinessDesk) - Wall Street was mixed as investors were on tenterhooks about Friday’s US jobs data to gauge how serious the Federal Reserve might be in its repeated comments about a potential December interest rate hike. A Labor Department report s...
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