A report released by the Commerce Department on Wednesday showed a notable pullback in new home sales in the U.S. in the month of June. The Commerce Department said new home sales slumped by 2.5 percent to an annual rate of 697,000 in June after surging by 6.6 percent to […]

Earnings as well as the Fed decision might be the highlight on Wednesday. After the bell, Google parent Alphabet (GOOGL) and Microsoft (MSFT) shall publish their quarterly results. Early cues from the U.S. Futures Index suggest that Wall Street might open lower. Asian shares finished mostly down, while European shares […]

Japan’s government retained its view on the economy as the private consumption and business investment are expected to support moderate recovery, and upgraded its assessment on business conditions. In the monthly report released Wednesday, the Cabinet Office said that the economy is recovering at a moderate pace. The office has […]

Fundraising activity in the debt market is gaining momentum ahead of the festival season. Several non-banking financial companies (NBFCs) and the National Bank for Agriculture and Rural Development (Nabard) are planning to raise at least Rs 5,560 crore in the next two days by issuing bonds, with a greenshoe size […]

Speculation is intensifying that Lionsgate is getting closer to a deal to acquire the Hasbro-owned Entertainment One. The timing is not coincidental. Hasbro is set to report second-quarter 2023 earnings Thursday morning. The company’s CEO Chris Cocks had said in February that “we expect to have an update in the […]

Lizzo has been sued by a trio of her former touring dancers for sexual harassment, assault, discrimination and fostering a “hostile work environment.” In a broad complaint for unspecified damages filed Tuesday morning in Los Angeles Superior Court, Arianna Davis, Crystal Williams and Noelle Rodriguez also allege that they were […]

In his first communiqué as Sundance’s Festival Director, Eugene Hernandez has doled out new information as far as the slate and venues for 2024, also addressing the timing of programming and a “challenging moment” for artists, as the WGA and SAG-AFTRA strikes continue. Related Stories Is The Sundance Film Festival […]

Stocks turned in a relatively lackluster performance early in the session on Tuesday but have moved mostly higher over the course of the trading day. The major averages have all moved to the upside, with the tech-heavy Nasdaq leading the advance. Currently, the major averages are just off their highs […]

Many of America’s beer brands and parent companies are over 100 years old. Yuengling was founded in 1829. Budweiser was first available in 1876. Both are considered mainstream beers. Another category of beer is labeled “craft.” The oldest of these, Anchor Beer, has been closed by its parent. It was […]

U.K. oil supermajor BP reported Tuesday morning that its net income (the company calls this underlying replacement cost profit) plummeted by 70% year over year in the second quarter. The company plans to raise its dividend and increase its share buybacks to keep investors on board. (These nine crises now […]