TOPNWS

U.S. retail sales flat on gasoline price drop; consumer spending resilient

People shop for clothes at a Target retail chain in Westbury, New York, U.S., May 20, 2021. REUTERS/Shannon Stapleton/File Photo Register now for FREE unlimited access to Reuters.com Register Retail sales unchanged in July; June sales revised down Gasoline, motor vehicles account for flat sales Core retail sales increase 0.8% WASHINGTON, Aug 17 (Reuters) – …

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Wall St falls as growth stocks slide, Target weighs on retail shares

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., August 15, 2022. REUTERS/Brendan McDermid Register now for FREE unlimited access to Reuters.com Register U.S. retail sales flat in July; core sales rise Retailer Target’s quarterly profit slumps Indexes down: Dow 0.57%, S&P 0.79%, Nasdaq 1.17% Aug 17 …

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EXCLUSIVE Biden’s emergency board calls for railroad wage hikes to resolve contract talks

U.S. President Joe Biden walks to Air Force One as he departs for Washington, D.C., from Joint Base Charleston, South Carolina, U.S., August 16, 2022. REUTERS/Joshua Roberts Register now for FREE unlimited access to Reuters.com Register WASHINGTON/LOS ANGELES, Aug 16 (Reuters) – U.S. President Joe Biden’s emergency board tasked with helping major freight railroads and …

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Dow, S&P 500 climb as upbeat results from Walmart, others boost optimism

Walmart sees smaller profit drop this year Home Depot beats sales estimates U.S. Treasury yields rise Indexes: Dow up 0.7%, S&P 500 up 0.2%, Nasdaq down 0.2% NEW YORK, Aug 16 (Reuters) – The Dow and S&P 500 rose on Tuesday as stronger-than-expected results and outlooks from Walmart and Home Depot bolstered views on the …

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U.S. housing starts near 1-1/2-year low; factory output rebounds

Housing starts drop 9.6%; building permits fall 1.3% Single-family starts tumble 10.1%; permits drop 4.3% Housing construction backlog rises 5.0% Manufacturing production rebounds 0.7% WASHINGTON, Aug 16 (Reuters) – U.S. homebuilding fell to the lowest level in nearly 1-1/2 years in July, weighed down by higher mortgage rates and prices for construction materials, suggesting the …

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Stocks drift, dollar firms as growth fears stifle sentiment

European stocks edge up 0.3% on defensive names Markets overall subdued amid China, U.S. growth fears Dollar gains as investors seek safety LONDON, Aug 16 (Reuters) – European stocks crept sluggishly higher on Tuesday as investors sought safety in defensive names, while risk aversion likewise lifted the safe haven dollar following weak Chinese and U.S. …

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Exclusive: Tencent plans to divest Meituan stake worth $24 billion

Tencent seeks to kick off Meituan stake sale this year-sources Sale seeks to placate regulators, monetise 8-year-old bet-sources Stake sale likely to be done as a block trade – sources Move comes after Tencent’s divestments of JD.com, SEA stakes Meituan shares sink 10%; Tencent shares recover HONG KONG, Aug 16 (Reuters) – China’s Tencent Holdings …

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Third Point discloses stake of nearly $1 bln in Disney, pushes for changes

Aug 15 (Reuters) – Hedge fund Third Point on Monday disclosed a stake of roughly $1 billion in Walt Disney Co (DIS.N) and said it plans to push the media company to make a string of changes, from spinning off cable sports channel ESPN to buying back shares and adding new board members. Billionaire investor …

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Starbucks seeks to pause union elections at U.S. cafes, claims misconduct

NEW YORK, Aug 15 (Reuters) – Starbucks Corp (SBUX.O) on Monday accused the federal labor board overseeing union elections at its U.S. cafes of misconduct and asked for elections to be suspended nationwide pending the outcome of an investigation. The coffee chain said in a letter to National Labor Relations Board (NLRB) Chairman Lauren McFerran …

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