• Delta shares fall 10 percent on lowered outlook; drags down rivals

    14 days ago - By Reuters

    Shares of Delta Air Lines Inc fell 10 percent on Thursday, after the U.S. carrier warned fourth-quarter unit revenue would be slightly below its prior forecast due to the lower-than-expected improvement in last-minute fares booked by travelers.
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  • Wall Street sinks 2 percent on weak factory data, Apple shock

    14 days ago - By Reuters

    Wall Street sank 2 percent on Thursday as weak U.S. factory data and the fallout of a rare sales warning from Apple Inc fanned fears of slowing growth and spurred the latest leg of a selloff that has sent indexes to their lowest since mid 2017.
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  • Delta shares fall 10 percent on lowered quarterly outlook; drags down rivals

    14 days ago - By Reuters

    Shares of Delta Air Lines Inc dropped 10 percent on Thursday, after the U.S. carrier warned fourth-quarter unit revenue would be slightly below its prior forecast due to the lower-than-expected improvement in last-minute fares booked by travelers.
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  • US average mortgage rates fall; 30-year at 4.51 percent

    14 days ago - By Chron

    WASHINGTON - U.S. long-term mortgage rates fell this week, starting the year with an inducement to prospective homebuyers.
    Mortgage buyer Freddie Mac says the average rate on the benchmark 30-year, fixed-rate mortgage declined to 4.51 percent from 4.55 percent last week. Despite recent declines, home borrowing rates remain far above last year's levels. The key 30-year rate averaged 3.95 percent a year ago.
    The average rate for 15-year fixed-rate loans edged down to 3.99 percent this week from to 4.01 percent last week.
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  • Automakers close out 2018 with drop in U.S. new vehicle sales

    14 days ago - By Reuters

    Major automakers on Thursday posted a weak finish to 2018 for U.S. new vehicle sales as the industry braced for what is widely expected to be a worse year for sales in 2019.
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  • Wall Street sinks nearly 3 percent as factory data adds to Apple woes

    14 days ago - By Reuters

    The Dow Jones Industrial Average fell more than 600 points on Thursday as the biggest drop in more than a decade in the ISM U.S. manufacturing index added to nerves over slowing global growth sparked by a revenue warning from Apple.
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  • Cargill net drops 20 percent, revenues fall as trade fight bites

    14 days ago - By Reuters

    Grains trader Cargill Inc on Thursday reported a 20 percent drop in its fiscal second-quarter 2019 net earnings, as global trade tensions hit the bottom line along with challenges in the Chinese hog sector and a struggling U.S. dairy business.
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  • Apple warning of weak sales in China sends US stocks sinking

    14 days ago - By Chron

    NEW YORK - Apple's warning that its sales in China weakened over the holidays added to investors' fears that the global economy is losing strength, with the trade fight between the U.S. and China making the situation worse. U.S. stock indexes fell sharply Thursday morning.
    Apple's stock plunged 8.9 percent and other big exporters including technology and machinery companies also took big losses. Some of the worst drops went to chipmakers that make components used in smartphones and other gadgets. The trade dispute, nearly a year old, threatens to snarl their supply lines and reduce demand...
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  • Wall Street falls further after weak factory data

    14 days ago - By Reuters

    U.S. stocks added to losses on Thursday after data showed factory activity in the United States slowed more than expected in December.
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  • Cargill sees 20 percent drop in second-quarter net earnings, falling revenues amid trade fight

    14 days ago - By Reuters

    Grains trader Cargill Inc on Thursday reported a 20 percent drop in its fiscal second-quarter 2019 net earnings, amid global trade tensions, challenges in the Chinese hog sector and a struggling U.S. dairy sector.
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  • Cargill Inc sees sharp drop in net earnings, revenues amid trade fight

    14 days ago - By Reuters

    Grain trader Cargill Inc on Thursday reported a 20 percent drop in its fiscal second-quarter 2019 net earnings, amid global trade tensions, challenges in the Chinese hog sector and a struggling U.S. dairy sector.
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  • Attention, CFOs: Transactional Marketplaces Are Not Your Friends

    Attention, CFOs: Transactional Marketplaces Are Not Your Friends

    14 days ago - By Business 2 Community

    Geralt / Pixabay
    A staggering 43 percent of the U.S. workforce is projected to be part of the gig economy by 2020, which is welcome news for swamped CFOs and their overloaded teams.
    Instead of watching bandwidth burnout destroy their best people or continuously pushing nice-to-do projects aside, CFOs are working with freelance financial analysts, controllers, financial managers, and other talented individuals to wipe projects off the whiteboard. After all, the freelance marketplace offers greater access to talent, reduced overhead costs, and faster deployment that can keep a business...
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  • GM U.S. new vehicle sales fall 2.7 percent in fourth quarter

    14 days ago - By Reuters

    General Motors Co on Thursday reported that U.S. new vehicle sales fell 2.7 percent in the fourth quarter, with declines across most of its brands as American auto sales appear set to weaken in 2019.
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  • Five Trade Related Issues That Will Worry Markets This Winter

    14 days ago - By Forbes

    China and the U.S. trade negotiators begin the arduous task to end the trade war starting Jan. 7.
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