Walmart raises sales forecast as demand picks up
Walmart Inc on Tuesday raised its annual sales and profit forecast in anticipation of a surge in demand for toys and apparel during the crucial holiday season, even as global supply chain...
US retail sales surge as Americans kick off holiday shopping
US retail sales surged in October as Americans eagerly started their holiday shopping early to avoid empty shelves amid shortages of some goods because of the ongoing pandemic, giving the economy a...
Yellen warns US could again hit debt limit on Dec 15
The US government may run out of money by December 15, Treasury Secretary Janet Yellen warned Tuesday in a letter encouraging lawmakers to raise the country’s debt limit to avoid a default.
US, Japan to rebuild trade ties with new forum, meetings
The United States and Japan announced on Wednesday a new trade partnership to boost cooperation on labor, environment and digital trade issues, with an emphasis on “third country concerns,” a...
Uber resumes shared rides in US
Ride-hailing giant Uber has resumed its ride-sharing service in the United States, a top executive announced Tuesday, offering customers in Miami a feature that was stopped last year because of the...
Musk says stock sale impact ‘closer to tax maximisation’
Tesla CEO Elon Musk said Saturday the result of his sale of nearly $7 billion worth of Tesla shares this week was “closer to tax maximization than minimization.”
US states file updated antitrust complaint against Google
A group of US states led by Texas have filed an amended complaint against Alphabet Inc’s Google accusing the tech giant of using coercive tactics and breaking antitrust laws in its efforts to boost...
From crab balls to cars, Biden’s hometown feels inflation pinch
A pizzeria in President Joe Biden’s hometown Wilmington recently took sparkling water off the menu because it got so pricey managers figured no one would buy it.
US consumer confidence hits 10-year low
Rising prices taking a bite out of American wallets caused consumer sentiment to drop to a 10-year low in November, a sign inflation is increasingly a political liability for President Joe Biden.
Dollar dips
The US dollar lost some ground on Friday as high inflation wreaked havoc on consumer sentiment, but the greenback was on track for its third straight weekly gain after a surprisingly strong US...