Is the French government under Emmanuel Macron any closer to letting go of Renault, France’s biggest car maker? The signals are mixed, but a move might be worth betting on anyway. Source
Demand for luxury apartments is still strong, but that demand is by choice, not necessity. Tenants in luxury buildings are often renting a second or third home or perhaps downsizing from a larger suburban home. They are not struggling to afford the monthly payments. "In...
Before it goes on another buying spree, Kraft Heinz needs to prove it can grow the brands it has. The company missed analyst expectations on earnings per share and sales in the fourth quarter. Importantly, organic sales fell by 1% in 2017, as...
U.S. consumer sentiment rose by much more than expected in February, exceeding the record-high average in 2017. The University of Michigan's mid-month report on consumer attitudes rose to 99.9 in February, its second-highest level since 2004. Reuters economists expected the reading to only reach 95.5. The...
U.S. factory output was flat for the second straight month in January, raising questions about the manufacturing outlook as production dropped in the aerospace, plastics and food industries. The lack of growth in U.S. manufacturing, reported on Thursday by the Federal Reserve, confounded analyst expectations...
Updated Feb. 15, 2018 8:15 a.m. ET ...
J.P. Morgan slashed expectations for U.S. economic growth in the first quarter thanks to Wednesday's "hotter than Hades" inflation reading and "ugly" retail sales numbers. The bank's chief U.S. economist explained that the Labor Department's "scorching" core consumer price index measure likely means an emboldened Federal Reserve. ...
If Steve Bannon had his way in the White House, Janet Yellen would still be chair of the Federal Reserve. The former chief strategist to President Donald Trump and former head of Breitbart News said last year during a book interview that he would have preferred Yellen stay on...