Wall Street Journal Google Profits Surge on Strong Ad DemandWall Street JournalGoogle parent Alphabet Inc. GOOGL 0.51 % said quarterly profit soared 24%, the second internet giant in two days to report blockbuster earnings driven by consumers' rapid shift to mobile devices. Alphabet said growth continued as companies bought more …Dueling words: How Clinton's DNC speech […]
Washington Post Weekly jobless claims increase in week ended July 23Washington PostThe number of Americans who filed for unemployment benefits last week rose from a three-month low, consistent with the Federal Reserve's view of a stronger job market. Jobless claims increased by 14,000 to 266,000 in the week ended July 23, a Labor …Consumers seen powering […]
Wall Street Journal Amazon Posts Another Blockbuster ProfitWall Street JournalAmazon.com Inc. AMZN 2.16 % on Thursday reported in its third consecutive record profit, nearly doubling its prior high-water mark, and its fifth straight quarter in the black. Amazon's revenue jumped 31% including a 58% gain at its Amazon Web Services …Amazon, once a big spender, is […]
NPR Regulators Draw Up New Rules To Stop Abusive Practices By Debt CollectorsNPRThe Consumer Financial Protection Bureau is drawing up new rules that would curb abusive debt collection practices, which it says generated some 85,000 consumer complaints last year alone. The rules would limit the number of times debt collectors can …U.S. consumer agency seeks to […]
Wall Street Journal GNC's CEO Out as Sales, Earnings Continue to SlideWall Street JournalHealth and nutrition products retailer GNC Holdings Inc. GNC -25.52 % replaced its chief executive, suspended its earnings guidance and halted its stock buyback program amid weaker second-quarter sales and profit. Shares fell 26% to $20.27 at 4 p.m. in …GNC Goes South […]
Reuters Abe says Japan to compile $265 billion stimulus, puts policy pressure on BOJReutersTOKYO Japanese Prime Minister Shinzo Abe said on Wednesday his government would compile a stimulus package of more than $265 billion to reflate the flagging economy, media reported, though it is unclear how much will be spent to directly boost …Yen Tumbles on […]
Asia Times China hands Hong Kong journalists prison termsWashington PostBEIJING — A southern Chinese court has handed prison terms to four people, including at least two Hong Kong journalists, on charges of running an illegal business after they reportedly sent copies of their sensitive political magazine to mainland China.HK journalists jailed in China for 'illegal […]
Los Angeles Times China's LeEco bets $2 billion on global potential of Irvine TV maker VizioLos Angeles TimesAs television maker Vizio Inc. prepared to go public late last year, fears about the Chinese economy turned the stock market sour. Vizio halted its plan — but the temporary pause gave the Chinese technology company LeEco time […]
Wall Street Journal US Jobless Picture Offers Room for InterpretationWall Street JournalBecause political campaigns can rise and fall on the health of the economy, spats often flare over the gauges used to measure growth and unemployment. The latest dust-up, raised by the campaign of Republican presidential nominee Donald Trump, focuses …A popular conspiracy theory is spreading […]
Wall Street Journal Apple Earnings Fall on iPhone SlumpWall Street JournalApple Inc. AAPL -0.69 % said its quarterly profit fell 27% as the company grappled with the first prolonged slump in iPhone sales since the product was introduced in 2007. Revenue fell for a second straight quarter, along with sales of its flagship …Apple crushed […]