Finance

The global economy is under increasing stress as growth cools and trade tensions take a mounting toll. On Wednesday, the tremors were felt worldwide. Shares on Wall Street were off sharply, only a day after they had rallied as President Trump narrowed the scope of his next round of tariffs. The S&P 500 was down […]

Ron Pierce has one eye on expanding his information technology business and the other on something he can’t control: the economy. “I’m not afraid to expand my company, but I realize that a recession may be coming and that any expansion could have me reducing my staff,” says Pierce, owner of Trinity Solutions in Greensboro,

In a span of less than 24 hours, developments in Washington and Wall Street have sent a vivid message: The world is ambling toward an economic morass of the sort that no mere presidential tweet can fix. On Tuesday, President Trump blinked in the trade war with China, retreating from previous plans to apply tariffs

Lance Ruttenberg knows too well how fast President Donald Trump’s China trade policies can change. As president and CEO of American Textile Co., he and his team spent weeks on a comprehensive study analyzing how a 10% tariff set for Sept. 1 would affect their business, which makes thousands of bedding items for hundreds of

Jones Day, one of the nation’s largest law firms, faced a harsh spotlight this year when six female lawyers filed a class-action complaint saying they had faced gender and pregnancy discrimination while working there and had been subjected to a “fraternity culture.” Now the glare has intensified, with a couple formerly employed at Jones Day

American Airlines wants two labor unions to pay damages and the company’s attorney fees, saying they ignored a judge’s order to quickly end a work slowdown by mechanics. American hasn’t put a dollar figure on its request but says the slowdown caused “enormous financial losses” from canceled flights. Earlier this week, a federal judge ruled

Macy’s lowered its annual earnings guidance after the department store struggled with a big earnings miss during the second quarter as it was forced to slash prices on unsold merchandise. The department store said Wednesday a combination of factors including a fashion miss, slow sell-through of warm weather clothing and an accelerating decline in international

LONDON (Reuters) – Stock markets slumped on Wednesday as Germany’s economy went into reverse, fuelling fears of global recession and slamming the brakes on a rally for equities after Washington delayed tariffs on some Chinese imports. Europe’s biggest economy shrank 0.1% in the second quarter as the trade war and weak demand dragged on German

WeWork is getting ready to go public, adding to a growing list of money-losing venture seeking investors. The office space-sharing company, which recently renamed itself The We Co., said in a regulatory filing Wednesday that it now has 527,000 memberships across 29 countries. That’s nearly double the 268,000 members it had in the prior-year period.

Aug 14 (Reuters) – Wall Street was set to open sharply lower on Wednesday, as poor economic data from China and Germany put the focus back on the impact of a bruising Sino-U.S. trade war which is pushing some major economies towards the brink of recession. The outlook for Germany’s export reliant economy was also