Wall Street opens lower as recession fears loom
Wall Street's main indexes opened lower on Wednesday after moves in the U.S. bond market brought back fears of a recession as the U.S.-China trade war drags on.
Wall Street's main indexes opened lower on Wednesday after moves in the U.S. bond market brought back fears of a recession as the U.S.-China trade war drags on.
British travel operator Thomas Cook Group said on Wednesday it had agreed the main terms of a rescue package that will see China's Fosun Tourism take over its tour operations and creditor banks and bondholders acquire its airline.
Tiffany & Co warned on Wednesday of the impact the ongoing protests in Hong Kong are having on the company's sales, and said any deterioration in the situation may result in the jeweler's full-year sales coming in below its own forecasts.
Tab Food Investments (TFI), the biggest worldwide franchisee of Burger King, has asked Citigroup to help to sell a minority stake in the business in China and Turkey, a deal which could fetch at least $200 million, two sources familiar with the matter said.
Amazon.com Inc is in early talks with Go-Jek Group to buy a stake in the Indonesian ride-hailing startup, a source familiar with the matter told Reuters on Wednesday.
With gas prices at a 3-year low for the Labor Day weekend, more Americans will head out on road trips for the holiday. Depending on where they live, they might have more cash to spend.
Luxury jeweler Tiffany & Co said on Wednesday declines in tourist spending in the United States dragged on sales, but it reported quarterly earnings that beat estimates on increased spending by local customers in mainland China and a cut-back on marketing costs.
Citigroup Inc. raised its minimum wage to $15 per hour earlier this year following pressure from politicians and similar moves by other big banks.
Fitbit Inc on Wednesday launched its latest smartwatch, Versa 2, adding Amazon.com Inc's voice assistant Alexa, online payments and music storage in a bid to compete strongly with Apple Inc's smartwatches.
"Vampr helps creatives build a network and find the right people to collaborate with in an easy to use frictionless mobile app. For most of us, one of the biggest challenges is getting to know the right people who can help propel our career. The old adage “it’s who you know” is undeniably true. But [...]
The post Vampr on Wefunder appeared first on Crowditz.
Wall Street treaded water on Wednesday after moves in the U.S. bond market brought back fears of a recession as a bruising U.S.-China trade war drags on, while a rise in energy shares offered support.
"Brakes To Go is a mobile brake repair company based in Austin, Texas. The company specializes in automotive brake service, and aims to make the task of brake repair a convenient and value-oriented experience for customers. The company has gained significant traction since starting operations in 2015, increasing total sales 106% in their second fiscal [...]
The post Brakes To Go on Microventures appeared first on Crowditz.
Apple Inc on Wednesday said it would quit its default practice of retaining audio recordings of the requests users make to its Siri personal assistant and limit human review of what audio it does collect to its own employees rather than contractors.
Hudson's Bay Co said on Wednesday it would sell its Lord + Taylor department store business to fashion rental service company Le Tote Inc for about $100 million, as the retail operator culls its portfolio to a few key brands.
Cosmetics maker Coty Inc raised its annual revenue forecast on Wednesday, as it embarks on a multi-year turnaround plan that involves cost cuts and increased investment in advertising, sending shares up 5%.