Drew Angerer | Getty Images News | Getty Images Check out the companies making headlines midday Tuesday: McDonald’s — Shares of McDonald’s dropped 2.3% after J.P. Morgan slashed its estimates for the fast-food chain’s same-store sales growth, a key metric for restaurants, to 5% from 6%. The bank cited softer-than-expected third-quarter earnings, based on conversations
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Engines assembled as they make their way through the assembly line at the General Motors (GM) manufacturing plant in Spring Hill, Tennessee, August 22, 2019. Harrison McClary | Reuters Wednesday’s report of ADP private payrolls could give clues on the labor market, the next part of the economy to be scrutinized after an important manufacturing
Traders work on the floor at the New York Stock Exchange, August 13, 2019. Eduardo Munoz | Reuters Traders now see a bigger chance of another rate cut by the Federal Reserve this month after a key gauge of U.S. manufacturing showed the worst reading since 2009, raising fears of a recession. The fed funds
Chinese President Xi Jinping Denis Balibouse | Reuters BEIJING — Chinese President Xi Jinping said Tuesday in a speech commemorating the 70th anniversary of the Chinese Communist Party’s rule that no force could sway China‘s development. “There is no force that can shake the foundation of this great nation,” Xi said in Mandarin, according to
Traders work on the floor at the New York Stock Exchange. Eduardo Munoz | Reuters Investors rotated into the cyclical financial, energy, materials and industrial sectors in September, but they also added to holdings in utilities after interest rates dipped over the summer. Investors bought financial stocks in September, as interest rates began to rise
Shoppers exit a Bed Bath & Beyond store in New York. Michael Nagle | Bloomberg | Getty Images Check out the companies making headlines in midday trading: Bed Bath & Beyond — Shares of Bed Bath & Beyond jumped 7% after WedBush upgraded the home goods retailer to outperform from neutral, saying the revamped board of
Walmart has three Sam’s Clubs in Beijing, including this one in Daxing District. The company plans to open five more in the capital city. Evelyn Cheng | CNBC BEIJING — Some are trying to create characters as memorable as Mickey Mouse. Others are launching lessons on how to cook steak. Still others know Chinese parents
BEIJING — Possible U.S. restrictions on investing in Chinese companies would not only have a limited effect on China — but it could also hurt the United States, analysts told CNBC. The comments come on the back of reports that the White House is considering investment curbs on China, such as delisting Chinese stocks in the
Chinese Vice Premier Liu He (L), Central Bank Governor Yi Gang (2nd L) and other Chinese vice ministers and senior officials sit down with Trump Administration officials for negotiations in the Diplomatic Room at the Eisenhower Executive Office Building January 30, 2019 in Washington, DC. Chip Somodevilla | Getty Images BEIJING — China’s top trade
Traders work on the floor at the New York Stock Exchange, August 5, 2019. Brendan McDermid | Reuters Here are the most important things to know about Monday before you hit the door. 1. Crazy quarter ends The third quarter winds down on Monday, concluding a volatile period of three months on Wall Street. The