Health care for retirees Health care is one of the biggest expenses for many Americans, especially retirees. While retirees who have reached the age of 65 can use MedicarePeople who wait that long either rely on paying for personal insurance or, hopefully, get it through their company. With corporate costs rising, employers are looking for…
The Dow Jones Industrial Average fell on Wednesday morning, as Chinese markets came under increasing pressure and minutes before the Federal Reserve’s monetary policy meeting in July. Meanwhile, Tesla shares slid after the electric car giant cut prices in China for the second time in less than a week. X The Fed’s meeting minutes, scheduled…
font size JD.com reported strong results for the second quarter, but the overall picture is weighing on investors. Kevin Fryer/Getty Images JD.com It smashed earnings expectations, but the e-commerce giant’s stock was falling on Wednesday, in a reflection of gloom in Chinese markets amid fears of a slowdown in the world’s second-largest economy. JD.com (Stock…
font size Target lowered its full-year earnings guidance, citing recent sales trends. Justin Sullivan/Getty Images Goal It beat analyst expectations for second-quarter earnings, sending shares higher on Wednesday. Earnings were $1.80 per share, compared to expectations of $1.43. The shares were up 8% in pre-market trading. However, poor sales prompted the company to lower guidance…
font size JD.com reported strong results for the second quarter, but the overall picture is weighing on investors. Kevin Fryer/Getty Images JD.com It smashed earnings expectations, but the e-commerce giant’s stock was falling on Wednesday, in a reflection of gloom in Chinese markets amid fears of a slowdown in the world’s second-largest economy. JD.com (Stock…
font size Stock futures rose modestly on Wednesday. Dream time Stock futures signaled a slightly higher start on Wall Street on Wednesday after stocks fell after retail sales data sent bond yields higher. The Federal Reserve will release the minutes of the central bank’s meeting on July 25-26 in the afternoon. These stocks were poised…
(Bloomberg) — Intel Corp. said it is walking away from its bid to acquire Tower Semiconductor Ltd. , abandoned a $5.4 billion deal after failing to secure regulatory approval in a timely manner. Most Read from Bloomberg Intel said in a statement on Wednesday that Intel and Tower Semiconductor mutually agreed to terminate the February…
font size Patrick Gelsinger, CEO of Intel, has made contract chip manufacturing an essential part of his strategy. Ting Xin/Bloomberg Intel has dropped its planned $5.4 billion acquisition of Israel Semiconductor tower . It’s a setback for Intel’s plans to expand its chipmaking business. Intel (ticker: INTC) said on Wednesday that the deal, originally agreed…
(Bloomberg) — The sell-off in Chinese assets deepened on Wednesday, with major stock metrics on track to erase gains seen since last month’s Politburo meeting and the yuan hovering near a 16-year low. Most Read from Bloomberg The MSCI China Index fell 1.3% amid rising concerns about economic growth. The Hang Seng China Enterprises Index…
(Bloomberg) — Home prices in China fell for the second month in July, in another sign of a deepening real estate slowdown weighing on the world’s second-largest economy. Most Read from Bloomberg National Bureau of Statistics figures on Wednesday showed new home prices in 70 cities, excluding state-subsidised housing, fell 0.23% last month compared to…