U.S. durable goods, trade data boost second-quarter growth estimate U.S. durable goods, trade data boost second-quarter growth estimate: Shipments of key U.S.-made capital goods increased in June for a fifth straight month, suggesting that business spending on equipment helped to boost economic growth in the second quarter. Signs that the […]
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S&P 500 declines with transports oil extends recent rally S&P 500 declines with transports; oil extends recent rally: The S&P 500 ended lower following a drop in technology and transportation shares on Thursday, while oil prices extended their recent rally. The S&P 500, along with the Nasdaq, reversed gains […]
Chipotle links sick worker to latest Norovirus outbreak Chipotle links sick worker to latest Norovirus outbreak: Chipotle Mexican Grill Inc (CMG.N) is retraining kitchen crews on food safety and enforcing a zero-tolerance policy for employees refusing to abide by new rules, after identifying a sick employee as the cause of […]
Jobs lift U.S. consumer confidence to near 16-year high Jobs lift U.S. consumer confidence to near 16-year high: U.S consumer confidence jumped to a near 16-year high in July amid optimism over the labor market while house prices maintained their upward trend in May, which could boost consumer spending after […]
Caterpillar bulldozes expectations, raises 2017 forecast again Caterpillar bulldozes expectations, raises 2017 forecast again: Caterpillar Inc’s (CAT.N) results smashed expectations and the company raised its full-year forecast for the second time, underscoring strength across its businesses and a steady recovery in demand from China. Shares of the world’s largest construction […]
IMF keeps global growth forecasts; China, eurozone revised higher IMF keeps global growth forecasts; China, eurozone revised higher: The International Monetary Fund on Monday kept its growth forecasts for the world economy unchanged for this year and next, although it slightly revised up growth expectations for the eurozone and China. […]
Oil market rebalancing to speed up in second half Oil market rebalancing to speed up in second half: OPEC’s Barkindo A rebalancing of the oil market is progressing more slowly than expected, but it will speed up in the second half of the year, OPEC’s Secretary General Mohammad Barkindo said […]
