Asian Development Bank raises growth forecast for region, but warns of risks from trade sanctions

Developing economies in Asia are forecast to grow at a 5.0% annual pace this year, helped by a strong U.S. economy and surging demand for computer chips that power artificial intelligence, the Asian Development Bank said in a report Wednesday. The forecast was revised upward slightly...

Best Buy reports another drop in quarterly sales amid cautious buying but business is stabilizing

NEW YORK (AP) — Best Buy, the nation’s largest consumer electronics chain, on Thursday reported another quarterly drop in sales due to Americans pulling back on purchases of appliances and consumer-electronics gadgets to focus on essentials. But the latest period showed Best...

Best Buy reports another quarterly sales drop as consumer electronics retailer faces cautious spending on gadgets

Perdue recalls 167,000 pounds of chicken nuggets after consumers find metal wire in some packages

NEW YORK (AP) — Check your freezer. Perdue Foods is recalling more than 167,000 pounds of frozen chicken nuggets and tenders after some customers reported finding metal wire embedded in the products. According to Perdue and the U.S. Agriculture Department’s Food Safety and...

US shoppers sharply boosted spending at retailers in July despite higher prices

WASHINGTON (AP) — Americans stepped up their spending at retailers last month by the most in a year and a half, easing concerns that the economy might be weakening under the pressure of higher prices and elevated interest rates. The Commerce Department reported Thursday that...

Elbit: Q2 Earnings Snapshot

HAIFA, Israel (AP) — HAIFA, Israel (AP) — Elbit Systems Ltd. (ESLT) on Wednesday reported earnings of $78.4 million in its second quarter. The Haifa, Israel-based company said it had net income of $1.76 per share. Earnings, adjusted for non-recurring costs, came to $2.08 per...

Honest: Q2 Earnings Snapshot

LOS ANGELES (AP) — LOS ANGELES (AP) — Honest Co. (HNST) on Thursday reported a loss of $4.1 million in its second quarter. The Los Angeles-based company said it had a loss of 4 cents per share. The results beat Wall Street expectations. The average estimate of four...

Beyond Meat reports better-than-expected sales despite demand remaining weak

Beyond Meat on Wednesday reported better-than-expected sales in the second quarter despite continuing weak demand for its plant-based burgers, chicken and other products. The El Segundo, California-based company said its revenue fell nearly 9% to $93.2 million for the April-June...

Edgewell Personal: Fiscal Q3 Earnings Snapshot

SHELTON, Conn. (AP) — SHELTON, Conn. (AP) — Edgewell Personal Care Co. (EPC) on Tuesday reported fiscal third-quarter earnings of $49 million. On a per-share basis, the Shelton, Connecticut-based company said it had net income of 98 cents. Earnings, adjusted for non-recurring...

Clorox: Fiscal Q4 Earnings Snapshot

OAKLAND, Calif. (AP) — OAKLAND, Calif. (AP) — Clorox Co. (CLX) on Thursday reported fiscal fourth-quarter earnings of $216 million. On a per-share basis, the Oakland, California-based company said it had profit of $1.73. Earnings, adjusted for non-recurring costs, were $1.82 per...