Business

Kindle loyalists scramble as Amazon turns page on old e-readers

Tuesday, May 19 by SRN News

By Greg Bensinger SAN FRANCISCO, May 19 (Reuters) - For Claudia Buonocore, the thought of parting ways with her 15-year-old Kindle Touch e-reader is painful. "I've never felt the desire to have another device," said the 39-year-old Pittsburgh area resident. "It's a part of me, a... Read More.

US stock futures fall on extended chip losses, inflation worries

Tuesday, May 19 by SRN News

By Ragini Mathur and Utkarsh Hathi May 19 (Reuters) - U.S. stock index futures declined on Tuesday, dragged lower by a slide in chip stocks and ongoing inflation concerns despite a pause in the Treasury selloff and pullback in oil prices. Nvidia lost... Read More.

U.S. Fed to avoid cutting rates this year; economists still say war-driven inflation is transitory: Reuters poll

Tuesday, May 19 by SRN News

By Indradip Ghosh BENGALURU, May 19 (Reuters) - The U.S. Federal Reserve will avoid cutting interest rates this year, according to most economists polled by Reuters who largely pushed long-held calls for reductions into next year on hopes the current inflation flare-up is temporary. Less than... Read More.

Home Depot reiterates annual forecasts, flags housing affordability woes

Tuesday, May 19 by SRN News

May 19 (Reuters) - Home Depot on Tuesday maintained its annual forecasts for a second straight time, even as the top U.S. home improvement retailer warned of rising volatility over consumer spending and ongoing pressure from housing affordability. Shares were last up marginally in choppy... Read More.

Analysis-Is the futures market getting ahead of itself on rate hikes?

Tuesday, May 19 by SRN News

By Karen Brettell NEW YORK, May 19 (Reuters) - It looks like the bond market is betting a Federal Reserve rate increase could be on the way - but Fed members and economists mostly don't seem to think so. What's going on? Fed funds futures -... Read More.

Morning Bid: Ceasefire on a knife edge

Tuesday, May 19 by SRN News

By Mike Dolan May 19 (Reuters) - What matters in U.S. and global markets today By Mike Dolan, Editor-at-Large, Finance and Markets Global oil prices, stocks and bond yields levelled off on Tuesday as U.S. President Donald Trump held out hopes for a breakthrough in Iran... Read More.

Home Depot profit falls, but it tops expectations in the face of growing economic uncertainty

Tuesday, May 19 by SRN News

Home Depot got a lift in the first quarter from professionals and also homeowners stocking up on spring supplies. Profit fell from its first quarter last year, but the national home improvement retailer beat Wall Street expectations. "The underlying demand in our business was... Read More.

Former Spanish Prime Minister Zapatero under investigation for role in airline bailout

Tuesday, May 19 by SRN News

MADRID (AP) - A Spanish court is investigating former Prime Minister José Luis Rodríguez Zapatero for alleged influence peddling and other possible crimes tied to a government airline bailout. The National Court in Madrid is probing possible financial wrongdoing in connection with the Spanish government's... Read More.

Coach owner Tapestry targets international markets for 70% of growth

Tuesday, May 19 by SRN News

FASANO, Italy, May 19 (Reuters) - Tapestry expects about 70% of its growth over the next few years to come from international markets, with the Coach handbag owner's expansion plans focused on China and Europe. "Our penetration right now is relatively lower in international markets,"... Read More.

EU prepares to cut US import duties to avoid Trump tariff hike

Tuesday, May 19 by SRN News

By Philip Blenkinsop BRUSSELS, May 19 (Reuters) - European Union negotiators were expected to agree on Tuesday to scrap import duties on U.S. goods to comply with the trade deal struck with the United States last year and ward off U.S. President Donald Trump's threat... Read More.

Current Weather

Kindle loyalists scramble as Amazon turns page on old e-readers

US stock futures fall on extended chip losses, inflation worries

U.S. Fed to avoid cutting rates this year; economists still say war-driven inflation is transitory: Reuters poll

Home Depot reiterates annual forecasts, flags housing affordability woes

Analysis-Is the futures market getting ahead of itself on rate hikes?

Morning Bid: Ceasefire on a knife edge

Home Depot profit falls, but it tops expectations in the face of growing economic uncertainty

Former Spanish Prime Minister Zapatero under investigation for role in airline bailout

Coach owner Tapestry targets international markets for 70% of growth

EU prepares to cut US import duties to avoid Trump tariff hike

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