Tiffany & Co’s (TIF.N) quarterly results topped Wall Street estimates on Tuesday on strong demand for its jewelry in the Americas and China, prompting the luxury retailer to raise its full-year profit forecast. Tiffany’s shares rose 4.2 percent to $135.15 in premarket trading after the company said it expected full-year earnings per share to be […]

The US and Mexico have reached common ground on key trade terms as pressure mounts to complete renegotiation of the North A Details about the accord with Mexico are expected to emerge at a news conference shortly. US media reported that the two countries have agreed that 75% of a product must be made in […]

Organizers of Orgill’s Fall Dealer Market pointed to a record-breaking number of attendees at its event in the Sands Expo and Convention Center. Orgill nation came for the deals, the networking and to generally soak in the home improvement knowledge of the three-day event. “We’re excited to see so many of our customers here in […]

China will continue to hit back against the US if more tariffs are imposed, the country’s finance minster has said. In an interview with Reuters, Liu Kun said China would respond “resolutely” to the “unreasonable” US measures. On Thursday, the US imposed a second wave of tariffs on Chinese goodsworth $16bn (£12.4bn), and China immediately […]

JACKSON HOLE, Wyo. – Federal Reserve Chairman Jerome Powell on Friday defended the U.S. central bank’s push to raise interest rates as healthy for the economy and signaled more hikes were coming despite President Donald Trump’s criticism of higher borrowing costs. The Fed, which began to tighten monetary policy in 2015, has raised rates twice […]

BEIJING/WASHINGTON (Reuters) – The United States and China escalated their acrimonious trade war on Thursday, implementing punitive 25 percent tariffs on $16 billion worth of each other’s goods, even as mid-level officials from both sides resumed talks in Washington. The world’s two largest economies have now slapped tit-for-tat tariffs on a combined $100 billion of […]

WASHINGTON  – U.S. President Donald Trump said on Monday he was “not thrilled” with the Federal Reserve under his own appointee, Chairman Jerome Powell, for raising interest rates and said the U.S. central bank should do more to help him to boost the economy. In the middle of international trade disputes, Trump in an interview […]

Tesla shares fell under $300 on Monday amid growing doubts about Elon Musk’s ability to take the company private. Shares in the electric car maker are down more than a fifth since he revealed the plan in a tweet on 7 August. Some analysts predict Tesla still has further to fall: JPMorgan Chase has cut […]

SAN FRANCISCO  – A steep downturn in heavyweight Chinese internet stocks and recent weakness in half of the so-called FANG group have some investors worried that a key component of Wall Street’s near-decade long rally may be low on fuel. Outstanding gains in Facebook (FB.O), Amazon (AMZN.O), Netflix (NFLX.O) and Alphabet (GOOGL.O) have underpinned much […]

NEW YORK/WASHINGTON – U.S. President Donald Trump on Friday said meetings with corporate executives had prompted him to ask the U.S. Securities and Exchange Commission (SEC) to study letting public companies file financial reports every six months instead of every quarter. Half-yearly reporting would mark a huge change in U.S. disclosure requirements and put it […]