Check out which companies are making headlines before the bell: Costco — The warehouse retailer posted a better-than-expected 6 percent rise in same-store sales for June. Yum China — The restaurant operator reported in-line profit of 27 cents per share for its second quarter. Revenue was slightly below forecasts, with same-store sales up 3 percent. […]
Read moreThe promise of faster economic growth has become a study in the triumph of hope over experience. While the June jobs report, coming on Friday, is expected to show that hiring continued at a healthy pace last month, other recent indicators in areas like consumer spending, construction and auto sales have been decidedly less robust. […]
Read moreSamsung Electronics is set to record its highest ever quarterly operating profit, which is likely to surpass that of Apple’s for the same quarter for the first time ever, analysts told CNBC on Thursday. The South Korean electronic giant is set to release earnings guidance on Friday, where it will highlight what it expects to […]
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UK cannot leave single market and keep all its benefits, EU chief negotiator says
The U.K. cannot expect to leave the single market and keep all of its trade benefits, the European Commission’s chief Brexit negotiator Michel Barnier said on Thursday. Barnier told an EU business forum in Brussels that “frictionless trade” between Europe and the U.K. would “not (be) possible” if the U.K. decided to leave the EU’s […]
Read more[The stream is slated to start at 7:10 a.m., ET. Please refresh the page if you do not see a player above at that time.] President Donald Trump speaks Thursday morning in Poland. The remarks in Warsaw come ahead of the G-20 summit in Germany, where the president will face talks with his counterparts about […]
Read moreJapan and the European Union have formally agreed an outline free trade deal which will ease the movement of goods between two of the world’s largest economies. The pact, though still requiring some further negotiation, is scheduled to come into effect in early-2019 and will guarantee tariff-free trade between businesses within the two regions. Japanese […]
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Trump claims Russia could have ‘very well’ interfered in the US election
President Donald Trump thinks that Russia interfered in the 2016 U.S. election but also believes that there could have been other countries involved. “Well I think it was Russia and I think it could have been other people and other countries. It could have been a lot of people that interfered,” Trump said at a […]
Read moreJohn McAfee, the creator of eponymous antivirus computer software, has settled a lawsuit against Intel over his right to use his name on other projects after the chipmaker bought his former company. U.S. District Judge Paul Oetken in Manhattan dismissed McAfee’s September 2016 lawsuit and a countersuit by Intel on Wednesday, five days after a […]
Read moreTrader Joe’s has Two Buck Chuck. Amazon? A new wine label called Next with bottles costing $20, $30 and $40 a pop. The company recently announced that it helped develop this new wine brand produced by King Vintners, a subsidiary of Oregon’s King Estate Winery, and had started selling it on Amazon.com. In a press […]
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FREE-TRADE agreements have seemed out of fashion as President Donald Trump has set about scotching some of America’s. But on July 5th Cecilia Malmström, the EU trade commissioner, and Fumio Kishida, the Japanese foreign minister, announced they had achieved consensus on a Japan-EU Economic Partnership Agreement (JEEPA). In front of the cameras, they swapped Japanese […]
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