Finance

Home Depot is reporting a better-than-expected fourth quarter with strong comparable-store sales February 25, 2020, 11:27 AM 1 min read Home Depot reported a better-than-expected fourth quarter with strong comparable-store sales. The home improvement retailer also boosted its quarterly dividend by 10%. Shares rose 2% in premarket trading Tuesday. For the three months ended Feb. […]

For weeks, there has been a strange divergence among those trying to predict what coronavirus might mean for financial markets and the world economy. People in the trenches of global commerce — supply chain managers, travel industry experts, employers large and small — warned of substantial disruptions to their businesses. And public health authorities feared

Japanese carrier ANA is ordering 20 Boeing 787 Dreamliner jets, bringing its fleet of the planes to 103 by 2025 By YURI KAGEYAMA AP Business Writer February 25, 2020, 9:04 AM 2 min read TOKYO — Japanese carrier ANA is ordering 20 Boeing 787 Dreamliner jets, bringing its fleet of the planes to 103 by

Shares were mixed in Asia on Tuesday after Wall Street suffered its worst session in two years, with the Dow Jones Industrial Average slumping more than 1,000 points on fears that a viral outbreak that began in China will weaken the world economy. Japan’s Nikkei 225 index lost 3.3%, to 22,605.41 after it reopened from

A nearly $1 billion pipeline project that had been designed to take natural gas from Pennsylvania to New York and New England has been abandoned By MARY ESCH Associated Press February 24, 2020, 8:00 PM 3 min read ALBANY, N.Y. — The nearly $1 billion Constitution Pipeline project, which had been designed to take natural

Stocks that moved heavily or traded substantially on Monday: Carter’s, Exxon Mobil fall; Newmont, Gilead rise February 24, 2020, 9:20 PM 1 min read NEW YORK — Stocks that moved heavily or traded substantially on Monday: NGM Biopharmaceuticals Inc., up $2.68 to $18.87. The biotechnology company reported good results from a study of a potential

A Federal Reserve official says she does not see the need to cut interest rates yet By CHRISTOPHER RUGABER AP Economics Writer February 24, 2020, 10:31 PM 4 min read WASHINGTON — A Federal Reserve official said Monday that she does not see a need to cut interest rates yet, even as worries about the

Investors are fleeing from airline and cruise-line stocks as fear grows that the new virus could spread dramatically beyond China By DAVID KOENIG AP Airlines Writer February 24, 2020, 10:57 PM 3 min read The stocks of American Airlines and several cruise lines were among the worst performers in the Standard & Poor’s 500 index

Intuit says it is buying consumer finance company Credit Karma in a $7.1 billion cash and stock deal By SARAH SKIDMORE SELL AP Personal Finance Writer February 24, 2020, 9:39 PM 1 min read Intuit announced Monday that it is buying consumer finance company Credit Karma in a $7.1 billion cash and stock deal. The

WASHINGTON — As an uptick in the number of coronavirus infections outside China sent markets swooning on Monday, attention quickly turned to how the Federal Reserve and the United States government would assess — and potentially address — the economic fallout. The Fed cut interest rates three times in 2019 to insulate the economy against