Markets
Lowe's earnings, sales beat Street
Last year, the company announced several store closures in the USA and Canada in an effort to reduce costs. Analysts also say that the shift to online shopping keeps accelerating, giving a big advantage to such retailers as Target and Walmart that have invested billions of dollars in online deliveries and in their stores. [Full Article...]
Cupra’s electric SUV is ready to play concept vehicle bingo
Hyundai has teased a concept that previews a new look for the brand's electric vehicles . Called the 45, it's said to feature styling references to the brand's first production vehicle - the Mitsubishi-powered Pony hatchback - which launched in 1974. [Full Article...]
Markets steady as traders eye Jackson Hole
Fed Chairman Jerome Powell's highly-anticipated speech in Jackson Hole on Friday comes after last week's inversion of the USA yield curve - widely regarded as a recession signal. The euro was steady at 1.1092 while the British pound edged up 0.15% to 1.2166. Since then, trade tensions between the US and China have arguably worsened and the yield curve inverted, which historically has preceded ... [Full Article...]
U.S. jobless claims fall in sign of labour market strength
The four-week average for new unemployment benefits claims was lower than the corresponding week in July, a positive signal for employment during the month. Concerns over the impact of the trade tensions between Washington and Beijing on the United States economic expansion, the longest on record, prompted the Federal Reserve to cut interest rates last month for the first time since 2008. [Full Article...]
Qantas to run test flights on world's longest route
Instead of flying empty from Seattle to Australia, the aircraft will simulate two Project Sunrise routes - London and NY to Sydney. The payload of 40 passengers and crew, majority employees, will undergo medical checks and assessments. - How long is too long to be on a flight? "Flying non-stop from the East Coast of Australia to London and NY is truly the final frontier in aviation, so we're det... [Full Article...]
Chick-fil-A and Popeyes spark Twitter beef over chicken sandwiches
Chik-Fil-A feeling the pressure fired off a tweet pointing out that their sandwich is the original. Not feeling that the Lousiana-based fast-food chain was getting all the buzz, Chik-Fil-A chimed in on Twitter and sparked a scrumptious battle. [Full Article...]
Mounting debt: United States budget gap could exceed $1 trillion by 2020
Previously, the non-partisan federal agency that provides budget and economic information to Congress forecasted the deficit to be $896 billion for 2019 and $892 billion for 2020. "Federal debt, which is already high by historical standards, is on an unsustainable course", said CBO Director Phillip Swagel in a public letter. "Tariffs also affect business investment by increasing businesses' unce... [Full Article...]
Bernie Sanders to hold rally in downtown Sacramento this week
Harris swiped at Sanders healthcare proposal at the East Hampton event; confirming she "still believes in capitalism". Democratic presidential candidate Bernie Sanders " plan would establish a federal "no-call policy, ' so testimony from "untrustworthy sources" does not lead to criminal convictions; reaction and analysis from Fox News contributors Tom Homan and Jehmu Greene. [Full Article...]