U.S. retail sales post biggest gain in one-and-a-half years in March

U.S. retail sales post biggest gain in one-and-a-half years in March
WASHINGTON, (Reuters) – U.S. retail sales increased by the most in 1-1/2 years in March as households boosted purchases of motor vehicles and a range of other goods, the latest indication that economic growth picked up in the first quarter after a false start. FILE PHOTO: People shop at Macy’s Department store in New York City, U.S., March 11, 2019.... Read More

U.S. weekly jobless claims lowest since 1969; unemployment rolls shrink

U.S. weekly jobless claims lowest since 1969; unemployment rolls shrink
FILE PHOTO: Job seekers speak with potential employers at a City of Boston Neighborhood Career Fair on May Day in Boston, Massachusetts, U.S., May 1, 2017. REUTERS/Brian Snyder WASHINGTON, (Reuters) – The number of Americans filing applications for unemployment benefits fell to more than a 49-1/2-year low last week, pointing to sustained strength in the economy. Initial claims for state... Read More

AmEx posts lower-than-expected first-quarter revenue

AmEx posts lower-than-expected first-quarter revenue
FILE PHOTO: An American Express credit card is seen on a computer keyboard in this picture illustration taken September 6, 2017. REUTERS/Philippe Wojazer/Illustration (Reuters) – Credit card issuer American Express Co’s quarterly revenue missed analysts’ estimates on Thursday, due to muted growth in its global merchant and network services unit. Shares of AmEx were down 1.2 percent in premarket trading.... Read More

Poor PMIs wipe week’s gains off global shares

Poor PMIs wipe week’s gains off global shares
LONDON (Reuters) – Global shares erased this week’s gains on Thursday after weak manufacturing surveys from Asia and Europe stoked fears of a widespread slowdown in growth, adding to profit-taking ahead of the long Easter weekend. FILE PHOTO: The London Stock Exchange Group offices are seen in the City of London, Britain, December 29, 2017. REUTERS/Toby Melville French and German... Read More

New Apple lab uses robots to rip apart devices for recycling materials

New Apple lab uses robots to rip apart devices for recycling materials
(Reuters) – Apple Inc is notorious for keeping what happens in its laboratories a closely guarded secret. But the iPhone maker plans to share openly everything that happens in its newest lab in Austin, Texas. FILE PHOTO: The logo of Apple company is seen outside an Apple store in Bordeaux, France, March 22, 2019. REUTERS/Regis Duvignau/File Photo Apple said Thursday... Read More

Stock futures subdued after weak manufacturing data from Europe

Stock futures subdued after weak manufacturing data from Europe
(Reuters) – U.S. stock index futures were muted on Thursday, as weak manufacturing data out of Europe underscored concerns of a global slowdown, while investors stayed on the sidelines ahead of the release of a long-awaited Mueller report. FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., April 8, 2019. REUTERS/Brendan... Read More