Latest Financial performance News

Governor of eastern Congo's gold-rich province bans mining activities to 'restore order'

Jul. 19, 2024 14:22 PM EDT

The governor of the South Kivu province in eastern Congo on Friday ordered the suspension of all mining activities to “restore order” in the mineral-rich region, which is plagued by violence from armed groups. Mining activities are suspended until further notice because of “the...

Retail sales unchanged in June from May, underscoring shoppers' resilience

Jul. 16, 2024 15:29 PM EDT

NEW YORK (AP) — Shoppers paused their spending in June from May, defying economic forecasts for a pullback and proving their resilience in the face of an uncertain economy Retail sales were unchanged in June from May, after being revised upward to a 0.3% increase in May, according...

Target will stop accepting personal checks next week. Are the days of the payment method numbered?

Jul. 09, 2024 17:22 PM EDT

NEW YORK (AP) — Target will no longer accept personal checks from shoppers as of July 15, another sign of how a once ubiquitous payment method is going the way of outmoded objects like floppy disks and the Rolodex. The Minneapolis-based discounter confirmed the move in a statement...

US new-vehicle sales barely rose in the second quarter as buyers balked at still-high prices

Jul. 02, 2024 20:01 PM EDT

DETROIT (AP) — U.S. new-vehicle sales rose only slightly in the second quarter, despite larger discounts and slightly lower prices. But brisker sales could be on the horizon: Auto industry analysts say they expect prices to drop further and there's a possibility of interest-rate...

US new-vehicle sales rose only 0.1% in the second quarter despite discounts, as buyers balked at still-high prices

Jul. 02, 2024 17:08 PM EDT
DETROIT (AP) — US new-vehicle sales rose only 0.1% in the second quarter despite discounts, as buyers balked at still-high prices.

US home sales fall for the 3rd straight month in May amid rising mortgage rates, record-high prices

Jun. 21, 2024 11:37 AM EDT

LOS ANGELES (AP) — Sales of previously occupied U.S. homes fell in May for the third straight month as rising mortgage rates and record-high prices discouraged many prospective homebuyers during what's traditionally the housing market’s busiest period of the year. Existing home...

Stock market today: Asian stocks are mixed after Wall Street edges to more records

Jun. 19, 2024 00:41 AM EDT

HONG KONG (AP) — Asian stocks were mixed on Wednesday after U.S. benchmarks ticked to more records following the latest signs that the U.S. economy may be slowing without falling into recession. U.S. futures were mixed and oil prices were little changed. Tokyo’s...

Retail sales rise a meager 0.1% in May from April as still high inflation curbs spending

Jun. 18, 2024 14:56 PM EDT

NEW YORK (AP) — Consumers barely increased spending in May from April as still high prices on groceries and other necessities and high interest rates curbed spending. Retail sales rose 0.1% in May, below the pace that economists projected, the Commerce Department said Tuesday. And...

China keeps lending rate unchanged as data show housing market is still struggling

Jun. 17, 2024 06:14 AM EDT

BANGKOK (AP) — China's central bank kept a key lending rate unchanged on Monday, choosing not to loosen credit as data for May showed signs of persisting weakness in the world's No. 2 economy's manufacturing and real estate sectors. The central bank kept its rate for 1-year...

As Art Basel opens, buyers confront a 'cooling' but still very active market

Jun. 12, 2024 21:37 PM EDT

BASEL, Switzerland (AP) — Multimillion-dollar works by Jean-Michel Basquiat, Yayoi Kusama and Alberto Giacometti went on the market this week as the Art Basel fair opened in Switzerland. Thousands flooded the exhibition center for VIP previews before doors open to public Thursday....