“‘Today, we harbor unprecedented concern for our country and for our democracy. The nation we have defended for decades is in real peril. ‘” That was an excerpt from a USA Today op-ed written by five former military members who are urging Americans and politicians...
By Joshua Kirby Industria de Diseno Textil SA booked slower sales growth in the fiscal year's final quarter amid a Covid-19 outbreak, though it said earnings surged and performance has recovered strongly at the beginning of the new fiscal year. Earnings before interest, taxes, depreciation and amortization rose 58%...
By Maria Martinez Expectations for economic growth in Germany showed a modest improvement in October, data from the ZEW economic research institute showed Tuesday. The index of economic expectations rose to minus 59.2 in October from minus 61.9 in September. Economists polled by The Wall Street Journal had projected...
President Joe Biden’s COVID-19 program faced uncertainty Thursday, after U.S. lawmakers passed a massive new bill that would fund the federal government for the remainder of the fiscal year, as well as provide further aid to Ukraine, but a last-minute snag resulted in COVID-19 money being dropped. The bill...
More than 55,000 global technology sector employees have been laid off in the first few weeks of 2023, according to data compiled by the Layoffs.fyi website. The website’s tally of global tech layoffs has almost doubled from just over 25,000 on Tuesday. The data suggest 2023 is...
The S&P 500 and Nasdaq Composite closed sharply higher on Wednesday, erasing earlier losses, after the Federal Reserve increased its benchmark short-term rate by a smaller 25 basis point increment. The Dow Jones Industrial Average DJIA, +0.02% edged up by about 6 points, or less than 0.1%, ending near...
The numbers: The New York Federal Reserve’s Empire State business conditions index, a gauge of manufacturing activity in the state, rose 13.6 points to 4.5 in November, the regional Fed bank said Tuesday. That’s the first positive reading since July. Economists had expected a slight improvement to negative 6.0...
By Xavier Fontdegloria Consumer confidence in Germany is set to worsen sharply in April, falling to a 14-month low, as inflation and the war in Ukraine weigh heavily on households' expectations about the economy and personal finances. Market research group GfK's forward-looking consumer sentiment index forecasts confidence decreasing to...
The People's Bank of China said in a brief statement it was cutting its foreign exchange deposit reserve ratio by 1 percentage point, to 8%. The central bank said the move, effective on May 15, will help financial institutions use foreign exchange funds. The Chinese economy has been slowing...
Abbott Laboratories and the Food and Drug Administration reached a deal Monday to restart production of baby formula at a U.S. plant that has been shut down amid a recall of the product, which contributed to a nationwide shortage of formula. Abbott ABT, -0.15% announced Monday afternoon that the...