Finance

Global stocks were mostly lower Wednesday after Wall Street ended a five-day winning streak following disappointing corporate earnings reports. France’s CAC 40 fell nearly 0.1% in early trading to 21,469.18, while Germany’s DAX was little changed but slightly lower at 12,427.90. Britain’s FTSE 100 slipped 0.3% to 7,558.30. U.S. shares were set to drift higher […]

Asian stocks were mixed Wednesday after Wall Street ended a five-day winning streak following disappointing corporate earnings reports. Japan’s benchmark Nikkei 225 dipped 0.3% to 21,475.38 in morning trading. Australia’s S&P/ASX 200 added 0.4% to 6,667.60. South Korea’s Kospi dipped 1.0% to 2,072.10. Hong Kong’s Hang Seng slipped 0.2% to 28,549,53, while the Shanghai Composite

The Trump administration blasted a World Trade Organization decision Tuesday that could let China levy sanctions on the United States. The 2-1 decision by the WTO’s appellate body was actually a mixed verdict in a case that dates back to 2007 and is unrelated to the tariffs the administration has slapped on $250 billion in

CSX second-quarter profit slipped 1%, falling short of what Wall Street expected as the railroad hauled 4% less freight. The Jacksonville, Florida-based company said it earned $870 million, or $1.08 per share, in the quarter. That’s down from $877 million, or $1.01 per share, a year ago. The analysts surveyed by Zacks Investment Research expected

Wells Fargo reported better-than-expected earnings despite lower interest income in the second quarter, a potential concern for investors with a Fed interest rate cut likely on the horizon. Shares in the consumer banking giant slid 3%. Wells Fargo & Co., still under growth restrictions by regulators after years of missteps and scandals, reported net interest

Puerto Rico Governor Ricardo Rossello said on Tuesday he will stay in office despite protests calling for his resignation that turned violent overnight. A peaceful demonstration that drew thousands to the streets of San Juan on Monday turned hostile in the evening when protesters and police clashed, injuring 21 law enforcement agents, officials said. The

Congressional Republicans, members of their staffs and conservative activists regularly flew first class to Saipan, an island just north of Guam in the Pacific Ocean. They slept at the beachfront Hyatt Regency, and dined on fresh Japanese cuisine. The junkets in the late 1990s were organized by Patrick Pizzella. The Northern Mariana Islands, a commonwealth

United Airlines glided through the first part of summer, as strong travel demand pushed average fares higher, but the grounding of Boeing 737 Max jets will become a bigger challenge in the months ahead. United said Tuesday that second-quarter profit soared 54%, to $1.05 billion. The results beat expectations, and United slightly raised its forecast

Barneys New York may soon join the ever lengthening list of retail stores seeking protection in bankruptcy. The luxury clothing company, faced with high rents and a shifting consumer landscape, is evaluating options that may include a bankruptcy filing. That’s according to a source close to the matter who asked to remain anonymous because the

U.S. stocks headed sideways in afternoon trading as investors assessed a mixed bag of corporate earnings and economic reports. Technology companies fared the worst, with some of the heaviest declines coming from chipmakers. Intel fell 1.9% and Texas Instruments fell 1.1%. Johnson & Johnson led health care stocks lower. The health care and pharmaceutical company