Oil futures lost ground Tuesday as investors remained uncertain about the outlook for crude demand from China. Price action West Texas Intermediate crude for December delivery CL00, -1.02% CL.1, -1.02% Read more
Tag: weakens
China’s October exports miss expectations as global demand weakens
BEIJING — China’s exports unexpectedly fell in October, dragged by weakening global demand, official data showed Monday. Outbound shipments declined 0.3% in October from a year earlier, compared with 5.7% Read more
Chicago PMI weakens further in October
The Chicago Business Barometer, also known as the Chicago PMI, dropped to 45.2 in October from 45.7 in the prior month, according to data released Monday. Economists polled by the Read more
Chicago PMI weakens further in October
The Chicago Business Barometer, also known as the Chicago PMI, dropped to 45.2 in October from 45.7 in the prior month, according to data released Monday. Economists polled by the Read more
If the labor market weakens, older workers will be among the hardest hit
The job market cooled off somewhat with employers adding 263,000 jobs in September. The modest job growth number suggests the Federal Reserve’s aggressive interest rate hikes are starting to weigh Read more
Leading indicator of U.S. home sales weakens for third straight month
The numbers: U.S. pending-home sales fell 2% in August, for the third straight monthly drop, according to the monthly index released Wednesday by the National Association of Realtors (NAR). Analysts Read more
FedEx plans up to $2.7 billion in cost cuts, higher shipping rates as demand weakens
FedEx Corp. on Thursday announced between $2.2 billion and $2.7 billion in cost savings for the fiscal year ahead, and said it would raise shipping rates for air and ground Read more
FedEx plans up to $2.7 billion in cost cuts, higher shipping rates as demand weakens
FedEx Corp. on Thursday announced between $2.2 billion and $2.7 billion in cost savings for the fiscal year ahead and said it would raise shipping rates for air and ground Read more
Korean won weakens to 13-year level after Fed rate increase
South Korea’s currency weakened to a 13-year low against the U.S. dollar after the Federal Reserve’s interest-rate increase and projections spurred a risk-off mood in Asia. The dollar USDKRW, +1.12% Read more
Arista stock rises after upgrade: ‘This is the kind of name to own as the economy weakens’
Arista Networks Inc. is “one of the most insulated from macro pressures” in the networking sector, according to a Needham analyst, who upgraded the stock to buy from hold Tuesday Read more
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