U.S. consumer spending rebounded in March amid a surge in income as households received additional COVID-19 pandemic relief money from the government, building a strong foundation for a further acceleration in consumption in the second quarter.
Sales at French luxury group LVMH's fashion and leather goods division rose strongly in the third quarter even though overall revenue growth in Asia and the United States eased from their stellar first-half performance.
Many U.S. holiday shoppers, wary of spending time in stores during the latest surge of COVID-19 cases and nervous about packages not arriving before Christmas, were on a mission on Saturday: snatch up last-minute gifts fast or pick up online purchases in-store.
As many Shanghai residents rushed onto the streets this week to reunite with friends and pop champagne to celebrate the end of a two month-long lockdown, Li Menghua was busy packing up his hair salon, a casualty of the draconian quest to stamp out COVID-19.
Universal Music Group NV (UMG) , the record label behind many of the music industry's biggest stars, on Wednesday reported a 21% rise in third quarter core earnings it attributed to growing revenue from streaming and social media platforms.
One of the ironies of the burst of volatility that just blindsided financial markets is its inevitability.
With just three weeks left in the regular season, every game means a little bit more to the Baltimore Orioles.
China's cyberspace regulator said on Tuesdayit will tighten oversight over how celebrity information is disseminated online, such as the publishing of their personal details and the placements of their advertisements on internet sites.
The Baltimore Orioles received encouraging performances from two members of their topsy-turvy late-inning relief corps Tuesday night -- hours after getting even more bad news regarding their injury-plagued rotation.
A look at the day ahead in U.S. and global markets from Mike Dolan
Cold storage real estate investment trust Lineage said on Tuesday it was aiming for a valuation of up to $19.16 billion in its U.S. initial public offering, in what would be this year's biggest listing.
Securitization might sound exotic. The idea of pooling millions of IOUs like car loans and mortgages and slicing them into new investments has a whiff of tricky financial alchemy, even if, for some assets, it’s been a commonplace trade for a while. But bankers and asset managers are applying a new infusion of creativity. Car loans are old hat; Taco Bell franchise royalties, Picassos and internet address are the new frontier.
Pride comes before a fall, and that is the chastening road Vietnam’s richest man Pham Nhat Vuong has steered his six-year-old electric vehicle maker onto with its U.S. listing.
If the first cut is the deepest, timing will be everything.
Members of the St. Helena Fire Department have battled devastating fires in Northern California. Last Thursday, they rolled into Los Angeles at 2 a.m. to assist in the southern part of the state.
The Kansas City Chiefs beat the Baltimore Ravens to claim the AFC Championship on Sunday and earn a fourth trip to the Super Bowl in five years where they will face the San Francisco 49ers, who brought the Detroit Lions' storybook playoff run to an end.
South Korea is having a moment. As governments around the world fret about surging commodity prices, fragile economic growth and volatile markets, newly elected President Yoon Suk-yeol is kicking things off on a surprisingly upbeat note. Local companies are bouncing back, with many of them venturing abroad. The confidence should pay off.
A spectacular fly past by the Italian air force's Frecce Tricolori aerobatic team drowned out the start of U.S. captain Zach Johnson's speech at the opening ceremony of the 44th Ryder Cup on Thursday. It could be a portent of things to come.
Australian Prime Minister Scott Morrison on Tuesday put jobs at the forefront of his federal election campaign, promising to create 1.3 million more over the next five years the day after his main rival was stumped by questions about the jobless rate.
Several major retailers including Walmart are directing the majority of their holiday hires to work on store floors this year as Americans shift to shopping in-person rather than mostly online.