US Federal Reserve Chair Jerome Powell arrives to testify before the Senate Banking, Housing, and Urban Affairs Hearings to examine the Semiannual Monetary Policy Report to Congress at Capitol Hill in Washington, DC, on July 9, 2024.Chris Kleponis | AFP | Getty ImagesFederal Reserve officials head into their policy meeting...
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China’s retail sales and industrial data miss expectations in August
Pictured here is a shopping mall in Hangzhou, China, on Sept. 9, 2024.Nurphoto | Nurphoto | Getty ImagesBEIJING — China's retail sales, industrial production and urban investment in August all grew slower than expected, according to National Bureau of Statistics data released Saturday.Retail sales rose by 2.1% in August from a year ago,...
Burberry’s FTSE relegation confirms a long fall from grace for the luxury fashion icon
LONDON, UNITED KINGDOM - 2020/07/16: Storefront of the Burberry store in the prestigious New Bond Street. (Photo by Dave Rushen/SOPA Images/LightRocket via Getty Images)Sopa Images | Lightrocket | Getty ImagesLONDON — British luxury fashion house Burberry Group dropped out of the U.K.'s FTSE 100 stock market index on Wednesday, as...
Three key questions that will shape whether Coach and Michael Kors owners will merge
Pedestrians walk past a Coach store and a Michael Kors store.Scott Olson | Getty ImagesJust a few miles from the birthplace of Coach in New York City, a federal judge will soon decide whether its owner Tapestry can become a bag behemoth — in a decision that will weigh big...
Interest payments on the national debt top $1 trillion as deficit swells
A view shows a bronze seal beside a door at the U.S. Treasury building in Washington, U.S., January 20, 2023. Kevin Lamarque | ReutersThe U.S. government for the first time has spent more than $1 trillion this year on interest payments for its $35.3 trillion national debt, the Treasury Department reported...