Finance

The U.S. Trade Representative and Treasury Department have issued a statement defending Washington’s strategy in its trade dispute with Beijing. The statement seen on the USTR’s website Tuesday said the U.S. was “disappointed” by a report China issued over the weekend that accused the American side of backtracking in negotiations. The two sides are in […]

Spending on U.S. construction projects was unchanged in April as another decline in home construction was offset by a big gain in government spending on projects like highways and hospitals. The Commerce Department said Monday that the flat reading followed a small increase of 0.1% in March, which was revised higher from an initial estimate

U.S. manufacturers grew at a slower pace in May, as production levels fell slightly. The Institute for Supply Management, an association of purchasing managers, says that its manufacturing index slipped to 52.1 last month, down from 52.8 in April. Any above 50 signals an expansion in manufacturing. The sector has been reporting growth for 33

The parent company of Sears, controlled by former Sears CEO Eddie Lampert, is buying the rest of Sears Hometown and Outlet Stores Inc. that it doesn’t already own and reuniting the business with the Sears and Kmart stores. Sears Hometown was spun off from Sears Holdings Corp., the former parent company of Sears and Kmart,

I’m going to tell you something you already know: You need to spend more time in nature. Please don’t make me define that word. You know what I mean. Outside. Next to something green. Or white, if it’s winter. Chances are, you’re thinking one of the following things right about now: A) Amen! B) No

U.S. stocks dropped Monday at midday on Wall Street as investors struggled to shake off the steep losses incurred in May. Declines in some major technology and internet companies weighed on the markets and offset gains in industrial and health care stocks. Google’s parent Alphabet fell as media reports suggested it faces an antitrust investigation

Centene shares are tumbling after Humana took the rare step of publicly refuting reports that it’s interested in buying the company. Centene Corp., based in St. Louis, is in the midst of a $15 billion takeover of WellCare, another insurer specializing in government funded health coverage. Humana said in a prepared statement Monday that it

LOS ANGELES, June 2 (Variety.com) – Warner Bros. and Legendary’s “Godzilla: King of the Monsters” may be king of the box office, but it only managed a meek roar. The monster sequel brought in $49 million when it debuted in 4,108 locations, a disappointing start given its $200 million price tag. “Godzilla: King of the

Asian shares wobbled Monday after U.S. and Chinese officials traded jibes in their widening clash over trade and technology. China’s Shanghai Composite lost 0.5% to 2,884.54 after surveys showed a deteriorating manufacturing outlook in May. Japan’s Nikkei 225 index lost 1.3% by midday to 20,343.52, and Hong Kong’s Hang Seng shed 0.4% at 26,807.91. The

China fired back at the U.S. Sunday over the two nations’ trade dispute, issuing a report that blamed the conflict on the Trump administration but refrained from escalating the trade war. The report from the Cabinet spokesman’s office said China won’t back down on “major issues of principle,” but offered no sense of whether or