Volkswagen’s supervisory board will pick the head of sports-car maker Porsche as its next chief executive to succeed Martin Winterkorn who resigned on Wednesday, a source familiar with the matter told …
U.S. stocks fell more than 1 percent, pressured by declines in global markets, as investors awaited a post-close speech from Fed Chair Yellen.
The May 2014 indictment of five Chinese soldiers accused of hacking US companies to steal trade secrets seemed to be the end of the road and the case had gone quiet. But US authorities are warning the …
Buoyed by steady job gains and low mortgage rates, Americans purchased new homes in August at the fastest pace in more than seven years. New-home sales surged 5.7 percent last month to a seasonally adjusted …
Shares of the world’s biggest construction and mining equipment maker, which has also been hit by a slowdown in industrial activity in China, fell as much as 8 percent to a five-year low of $64.65 on Thursday. Caterpillar said it expected revenue to fall for the third straight year in 2015, to $48 billion. Caterpillar said it would cut 4,000-5,000 jobs by the end of 2016, most of them in
With the tape acting ill tempered and untrustworthy, with many indicators showing late-cycle fatigue, investors are showing unease as they play the game of “We’ll see” on at least three broad fronts.
The number of Americans seeking unemployment benefits rose slightly last week yet remained at a low level consistent with solid job growth. Weekly applications for jobless aid rose 3,000 to a seasonally …
Orders for long-lasting U.S. manufactured goods dropped in August with weakness in a key category that tracks business investment plans. Orders for durable goods fell 2 percent last month in contrast to …
Investors will look for clues regarding the timing of an interest rate hike when Yellen delivers a speech on inflation, a topic that is key to liftoff and one that has divided policymakers.
The effectiveness of the Federal Reserve’s communication strategy is clearly questionable when the outcome of a Federal Open Market Committee meeting is considered a coin toss among economists who closely follow monetary policy.
