SHANGHAI (Reuters) – Shares in Asia fell on Tuesday despite another record high close for the S&P 500, as investors await a U.S. Federal Reserve policy decision for clues of whether it will continue to take a “patient” approach to interest rate policy. Traders were also cautious ahead of readings on China’s factory activity (0100 […]

NEW YORK (Reuters) – Oil prices edged higher on Monday, as the market attempted to resume a weeks-long rally that was halted on Friday when U.S. President Donald Trump demanded that producer club OPEC raise output to soften the impact of U.S. sanctions against Iran. Brent crude futures fell 11 cents, or 0.2 percent, to […]

(Reuters) – Amazon.com Inc on Monday said it had begun leasing office space and was on track to create 400 positions this year at its second headquarters outside Washington, D.C., the start of over a decade of hiring. The world’s largest online retailer said in a blog post that it had posted several jobs on […]

WASHINGTON (Reuters) – U.S. consumer spending increased by the most in more than 9-1/2 years in March as households stepped up purchases of motor vehicles, but price pressures remained muted, with a key inflation measure posting its smallest annual gain in 14 months. The surge in consumer spending reported by the Commerce Department on Monday […]

LOS ANGELES/WASHINGTON (Reuters) – Amazon’s promise of one-day shipping threatens to upend the retail sector, but its rivals’ physical stores give the likes of Walmart and Target powerful assets that Amazon itself is scrambling to match. Amazon.com Inc, seeking to stem slowing sales growth, is plowing $800 million this quarter alone into its next-day package […]

Sainsbury's has launched its first digital-only store that will feature no tills whatsoever. Starting today, shoppers at Sainsbury’s Holborn Circus in London, will be able to check out on their phones only, as part of the grocer's latest trial to speed up the shopping experience. It said at present, 82% of transactions at the trial […]

SINGAPORE (Reuters) – Oil prices fell on Monday, extending a slump from Friday that ended weeks of rallying, after U.S. President Donald Trump demanded that producer club OPEC raise output. Brent crude futures were at $71.72 per barrel at 0039 GMT, down 43 cents, or 0.6 percent, from their last close. U.S. West Texas Intermediate […]

NEW YORK (Reuters) – Wells Fargo & Co’s board has retained executive search firm Spencer Stuart to hunt for a new chief executive, ideally a woman who can tackle its regulatory and public perception issues, two people familiar with the matter said. Wells Fargo’s ambition to become the only major U.S. bank with a female […]

(Reuters) – Shares of Walmart, Target and other U.S. retailers fell on Friday as Amazon.com Inc unveiled a one-day delivery plan for its Prime members in a move to further disrupt the fiercely competitive retail landscape. The e-commerce giant’s announcement on Thursday could cause other brands, manufacturers, retailers, and logistics companies to have to invest […]

(Reuters) – American Airlines Group Inc cut its 2019 profit forecast on Friday, saying it expected to take a $350 million hit from the grounding of Boeing’s 737 MAX planes, a situation that cuts revenue while many costs remain in place. Shares of American Airlines, which has removed its twenty-four 737 MAX aircraft from its […]