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U.S. economic growth in 2018 misses Trump's 3 percent target

February 28, 2019 by  
Filed under News

The U.S. economy fell short of the Trump administration’s 3 percent annual growth target in 2018 despite $1.5 trillion in tax cuts and a government spending blitz, and economists say growth will only slow from here.


Source: Reuters Business News

Uber, Lyft to offer some drivers shares in stock market listing

February 28, 2019 by  
Filed under News

Uber Technologies Inc and Lyft plan to offer cash bonuses to some of their most active drivers with the option to purchase shares in the ride-hailing firms’ highly anticipated Wall Street debuts, a bold effort to improve driver relations as the companies transition to the public markets.


Source: Reuters Business News

Huawei units plead not guilty to U.S. trade secret theft

February 28, 2019 by  
Filed under News

Huawei Device Co Ltd and Huawei Device USA Inc pleaded not guilty to U.S. fraud, trade secrets conspiracy and other charges, and a trial date was set for March 2020, the Justice Department said on Thursday.


Source: Reuters Business News

Martha Stewart, Canadian pot business in joint effort aimed at pets

February 28, 2019 by  
Filed under News

Lifestyle guru Martha Stewart is joining Canadian marijuana producer Canopy Growth as an adviser to help develop and launch a line of pot-based products for humans and animals, it said on Thursday.


Source: Reuters Business News

Stocks fall on China economic weakness, tempered trade hopes

February 28, 2019 by  
Filed under News

Global equities markets fell for a third straight day on Thursday, with Wall Street stocks edging lower as weak Chinese economic data and mixed messages on the progress of trade talks between China and the United States weighed on investor sentiment.


Source: Reuters Business News

Airbus eyes warplane with no German parts after Saudi arms ban: sources

February 27, 2019 by  
Filed under News

Airbus has decided to redesign the C295 military transport aircraft it builds in Spain to remove German components following Germany’s freeze on arms exports to Saudi Arabia, company sources told Reuters.


Source: Reuters Business News

J.C. Penney pulls plug on clothing subscription service

February 27, 2019 by  
Filed under News

J.C. Penney Co Inc on Friday will end a clothing subscription service venture, the retailer said this week, a move toward sharpening its focus on more-profitable apparel sales and exiting lines like major appliances.


Source: Reuters Business News

Wall Street edges lower after Lighthizer comments on trade talks

February 27, 2019 by  
Filed under News

Wall Street’s main indexes edged lower on Wednesday after U.S. trade representative Robert Lighthizer said the United States and China still had hard work ahead to reach a trade deal.


Source: Reuters Business News

U.S. goods trade deficit deteriorates; factory orders edge up

February 27, 2019 by  
Filed under News

The U.S. goods trade deficit widened sharply in December as slowing global demand and a strong dollar weighed on exports, another sign that economic growth slowed in the fourth quarter.


Source: Reuters Business News

Factbox: U.S. Commerce Department to publish fourth-quarter GDP report Thursday

February 27, 2019 by  
Filed under News

The U.S. Commerce Department’s Bureau of Economic Analysis (BEA) will publish the fourth-quarter gross domestic product (GDP) report on Thursday at 08:30 a.m (1330 GMT) after it was delayed by a 35-day partial shutdown of the government that ended on Jan. 25.


Source: Reuters Business News

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