EconomyLoop
where regional business news becomes global to everyone

FedEx profit falls 17 percent, hurt by TNT cyberattack

FedEx said Tuesday that its first-quarter profit fell 17 percent, hurt by a cyberattack at its TNT Express business earlier in the summer that caused package delivery delays.... read more

 ABC3 hours ago

     
Toys R Us joins bankruptcy list as Amazon exerts influence

Toys R Us joins list of retailers in bankruptcy as Amazon exerts influence... read more

 ABC3 hours ago
After-hours buzz: BBBY, FDX, & more

See which stocks are posting big moves after the bell.... read more

 CNBC5 hours ago
China's bitcoin clampdown is likely here to stay, analysts say

China's latest crackdown on bitcoin will likely shut down the local industry around the digital currency for good, several analysts said.... read more

 CNBC5 hours ago
Business Highlights

Business Highlights... read more

 ABC5 hours ago
How major US stock market indexes fared Tuesday

The major U.S. stock indexes closed slightly higher Tuesday, eking out enough of a gain to lift them to more record highs... read more

 ABC6 hours ago
Harvard's endowment CEO disappointed with 8.1 percent gain

The chief of Harvard University's endowment says he's disappointed with the school's latest investment results... read more

 ABC6 hours ago
Ford cutting North American production as demand slips

Ford cutting production at five North American plants as demand slips... read more

 ABC6 hours ago
Millennials lack confidence to invest, Wells Fargo executive says

Kristi Mitchem says when it comes to money, millennials are less than confident about the markets.... read more

 CNBC6 hours ago
Bob Evans and Progressive rise; Rite Aid and Centene skid

Bob Evans Farms and Progressive climb while Rite Aid and Centene decline... read more

 ABC7 hours ago
Best Buy share down as it offers muted profit goals

Best Buy's shares down as chain offers muted profit goals.... read more

 ABC7 hours ago
Mexico stocks fall and then are halted after earthquake shakes buildings in Mexico City

Mexican stocks fell Tuesday after reports of a strong earthquake.... read more

 CNBC8 hours ago
Retail chains filing for bankruptcy protection in 2017

Toys R Us joins the growing list of retail chains seeking bankruptcy protection in 2017... read more

 ABC9 hours ago
US business schools are struggling to recruit international candidates

It's getting harder for U.S. business schools to attract international candidates.... read more

 CNBC9 hours ago
Massachusetts says Equifax hack exposed more than half the state to risk of fraud

The state attorney general says Equifax relied on code it should have known was vulnerable.... read more

 CNBC9 hours ago
The timing may be right for Facebook to enter China next year, analyst predicts

Conditions may soon be right for Facebook to break into China, and it is taking strategic steps to do so, Mizuho said.... read more

 CNBC9 hours ago
Fiat Chrysler recalling 494,417 Ram trucks for safety issue

Fiat Chrysler is recalling almost half a million Ram heavy-duty pickups and medium-duty trucks because their water pumps could be defective... read more

 ABC10 hours ago
Why this market 'is headed for a brick wall'

As quantitative tightening begins, all the bubbles that years of ZIRP created will begin to pop, says Peter Boockvar.... read more

 CNBC11 hours ago
Your first trade for Tuesday, September 19

The "Fast Money" traders share their first moves as the market opens.... read more

 CNBC12 hours ago
George Soros hatred is a global sickness

For a new generation of nationalists, investor George Soros has become the perfect villain, Financial Times reports.... read more

 CNBC12 hours ago
Peltz, amid P&G proxy fight, says his record 'speaks for itself'

The billionaire activist says he wants to work with P&G's CEO even though the two have been engaged in a war of words.... read more

 CNBC12 hours ago
Fed economist: 'No evidence that QE works' as central bank starts unwinding program

The Fed is reversing the most ambitious monetary stimulus program in history amid questions over how much it delivered.... read more

 CNBC12 hours ago
US stocks edge higher in early trading; oil prices rise

U.S. stock indexes are edging higher in early trading, extending the market's gains from a day earlier... read more

 ABC13 hours ago
Walgreens, Rite Aid revise store purchase deal to $4.38B

Walgreens and Rite Aid have finally devised a combination of the nation's largest and third-largest drugstore chains that will get past anti-trust regulators... read more

 ABC13 hours ago
Hedge fund titan Ray Dalio: If the Fed goes overboard on rates, watch out

"I don't see anything that would cause a downturn right now" except tighter monetary policy, the billionaire says.... read more

 CNBC13 hours ago
How President Trump may derail Ivanka's $1 billion plan to help women entrepreneurs

Ivanka wants to help women entrepreneurs in emerging countries, but President Trump is championing nationalism.... read more

 CNBC13 hours ago
The rich got richer last year, even as 'average' income rises

Even though wages and salaries are on the rise, those gains have not been shared across the board.... read more

 CNBC13 hours ago
Billionaire Ray Dalio says we could be headed for a 'wealth conflict' in this nation

"If you have a downturn, I think it becomes a social and political question," the head of Bridgewater Associates says.... read more

 CNBC13 hours ago
The 25 highest-paying jobs in America

Want to take home a hefty paycheck? Consider one of these occupations.... read more

 CNBC13 hours ago
Markets Right Now: US stocks open slightly higher

Stock indexes are edging higher on Wall Street in early trading, extending the market's gains from a day earlier... read more

 ABC13 hours ago
Housing starts fall for second straight month

U.S. homebuilding fell in August as a rebound in the construction of single-family houses was offset by weakness in the volatile multifamily home segment.... read more

 CNBC13 hours ago
Early movers: EFX, TSLA, AZO, CVS, WBA, NKE & more

Names on the move ahead of the open.... read more

 CNBC14 hours ago
Ray Dalio, founder of the world's largest hedge fund, says 'bitcoin is a bubble'

Bridgewater Associates founder Ray Dalio says you can't spend bitcoin "very easily."... read more

 CNBC14 hours ago
Sterling jumps to $1.35 after report suggests British Foreign Secretary Boris Johnson may resign

The British pound leaped half a cent to $1.35 on a report that British Foreign Secretary Boris Johnson "will resign before the weekend" if Prime Minister Theresa May opposes his demands on Brexit.... read more

 CNBC14 hours ago
Severe labor shortage has Houston homeowners 'begging' for help

One contractor laments that as their phone keeps ringing, "You have to tell them it will likely be a couple years."... read more

 CNBC14 hours ago
Housing starts fall for second straight month

U.S. homebuilding fell in August as a rebound in the construction of single-family houses was offset by weakness in the volatile multifamily home segment.... read more

 CNBC14 hours ago
US import prices post biggest gain in seven months

U.S. import prices recorded their biggest increase in seven months in August as the cost of petroleum surged.... read more

 CNBC14 hours ago
US housing starts fell 0.8 percent in August, second straight monthly decline

US housing starts fell 0.8 percent in August, second straight monthly decline... read more

 ABC14 hours ago
US current account deficit hits $123.1 billion

US current account trade deficit rises to $123.1 billion in spring, largest gap since 2008... read more

 ABC14 hours ago
US housing starts fall 0.8 pct., a 2nd straight monthly drop

US housing starts fell 0.8 percent in August, second straight monthly decline... read more

 ABC14 hours ago
US current account trade deficit rises to $123.1 billion in spring, largest gap since 2008

US current account trade deficit rises to $123.1 billion in spring, largest gap since 2008... read more

 ABC15 hours ago
Post Holdings buying Bob Evans Farms in $1.53B deal

Post Holdings is buying Bob Evans Farms in a transaction valued at about xx that will help strengthen its position in the packaged food sector... read more

 ABC15 hours ago
Brexit will lead to net loss for public finances, warns UK think tank

Britain's decision to leave the Europe Union may lead to a net fiscal loss for the public finances, says think tank.... read more

 CNBC15 hours ago
Major European nation shuts down ‘fake cryptocurrency’ providers in latest clampdown

A Swiss financial watchdog has closed down providers of a “fake” cryptocurrency called E-Coin.... read more

 CNBC15 hours ago
Higher prices will actually boost iPhone demand, not hurt it, Morgan Stanley predicts

Higher prices for Apple's iPhones won't deter Apple's loyal customers, and likely means bigger earnings.... read more

 CNBC15 hours ago
US tipped to put brakes on auto sales as easy finance dries up

India and Japan are picking up the pace as car sales in the U.S. and China stutter.... read more

 CNBC16 hours ago
Majority on Wall Street still expect a December rate hike: Survey

Some 76 percent of respondents to the CNBC Fed Survey said they believe there will be a hike at year-end and two to three more next year.... read more

 CNBC16 hours ago
Review: Glitzy iPhone X aside, the iPhone 8 is fine for most

The iPhone X might make your friends envious, but the iPhone 8 is the model for the masses _ similar to flying coach rather than first class... read more

 ABC16 hours ago
World’s largest sovereign wealth fund hits $1 trillion for first time

Dollar weakness and equity strength have helped the vast nest-egg balloon in size.... read more

 CNBC16 hours ago
Asian shares fall but Nikkei rises on yen, muted elsewhere

Asian shares are mostly lower as investors await comments from the U.S. Federal Reserve, but Japan's benchmark finished higher on optimism over a weak yen and a record finish on Wall Street... read more

 ABC19 hours ago