Business

Wall Street opens lower as mixed retail results, growth stocks weigh

Wall Street opens lower as mixed retail results, growth stocks weigh

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Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., November 12, 2018. REUTERS/Brendan McDermid (Reuters) - U.S. stocks opened lower on Thursday, with hopes of a trade negotiation between the United States and China being offset by mixed results from retailers and a slide in growth stocks…
Sterling tumbles as PM May races to salvage Brexit deal
British Brexit turmoil spooks investors, boosts dollar, yen
U.S. Postal Service posts loss, even as package deliveries rise
U.S. retail sales rebound on autos, building materials
Upset by Trump’s Iran waivers, Saudis push for deep oil output cut

Upset by Trump's Iran waivers, Saudis push for deep oil output cut

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ABU DHABI (Reuters) - When U.S. President Donald Trump asked Saudi Arabia this summer to raise oil production to compensate for lower crude exports from Iran, Riyadh swiftly told Washington it would do so. FILE PHOTO: A fisherman pulls in his net as an oil tanker is seen at the port in the northwestern city…
J.C. Penney close to ‘penny stock’ status after poor third quarter

J.C. Penney close to 'penny stock' status after poor third quarter

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(Reuters) - J.C. Penney Co Inc (JCP.N) withdrew its annual earnings forecast on Thursday, adding to nerves about the future of another one of America’s best known retail names ahead of the crucial holiday selling season. FILE PHOTO: A J.C. Penney employee helps a customer with her purchase at the J.C. Penney department store in…
Sterling, euro stocks scuttled as Brexit deal slams the rocks

Sterling, euro stocks scuttled as Brexit deal slams the rocks

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LONDON (Reuters) - Sterling tumbled and the rest of Europe’s share markets groaned on Thursday after a long-awaited Brexit agreement was thrown into chaos as Britain’s chief negotiator for the deal quit just hours after it had been unveiled. A shop cash register is seen with both Sterling and Euro currency in the till at…