Sectors News Results

  • U.K. Sanctions Guidance Adds to Warnings for Maritime Sector

    A U.K. enforcement agency is urging the maritime industry to be on the lookout for illicit practices that could be used to evade sanctions, the latest regulator to warn about compliance risks facing the industry. Guidance by the U.K.' s Office of Financial Sanctions Implementation, which is part of the country's Treasury department, indicates companies are susceptible to suspicious shipping practices such as the intentional disabling of vessel-tracking systems to conduct...

  • U.S. Manufacturing Sector Continues Its Recovery in July -- ISM

    Economic activity in the U.S. manufacturing sector continued its recovery in July, data from a survey compiled by the Institute for Supply Management showed Monday. The ISM Manufacturing Report on Business PMI for July stood at 54.2, up 1.6 percentage points from the June reading of 52.6. This figure indicates expansion in the overall economy for the third month in a row after a contraction in April, which ended a period of 131 consecutive months of growth, ISM said.

  • U.S. Stocks Edge Lower Despite Tech Stocks Rally

    U.S. stocks fell Friday morning despite earnings reports showing that the world's largest technology companies are thriving. The S&P 500 fell 8 points, or 0.3%. Still, the benchmark is on track to end the month up more than 4%, its best performance since April.

  • U.S. Stocks Edge Higher as Tech Stocks Rally

    U.S. stocks edged higher Friday following earnings reports showing that the world's largest technology companies are thriving. The S&P 500 ticked up 0.5%. The benchmark is on track to end the month up 5%, its best performance since April.

  • North Korea's Economy Grew in 2019, Despite International Sanctions

    SEOUL-- North Korea's economy grew by 0.4% in 2019, the first time Pyongyang posted positive growth in three years, South Korea's central bank said, helped by increased construction activity and expanded agricultural output. But North Korea watchers cautioned against reading this as a sign of a recovery for Pyongyang's sanctions-hit economy. The period measured was before the global spread of the new coronavirus, while the country's mining industry, once a key cash generator,...

  • Environmental Groups Urge Fed to End Energy Bond Buying

    Environmental groups are pressing the Federal Reserve to end its purchases of energy sector corporate bonds as part of its broader effort to support financial markets as the U.S. navigates the severe economic stress of the coronavirus pandemic. "Through these purchases, the Board is potentially exposing the public to financial losses through credit risk, market risk, and operational risk due to exacerbation of the climate crisis," according to a letter signed by several groups...

  • Pandemic Spoils Food Industry Results -- Earnings at a Glance

    Earnings reported after the bell Wednesday showed how the coronavirus pandemic has upended the food industry. Yum China Holdings Inc. (YUMC), which runs more than 9,000 KFCs, Pizza Huts and other restaurants in China, reported lower results for the June quarter. Company officials said that most of Yum's locations in China have reopened, but warned that the pace of the recovery was uneven, with Eastern China rebounding faster.

  • Shopify's Business Sells Itself, for Now -- Heard on the Street

    Overall U.S. retail sales were down in the second quarter, according to Census Bureau data. You would never know it from Shopify's (SHOP) results. With the pandemic forcing store closures world-wide, e-commerce business is booming.

  • U.S. Stocks Edge Higher Ahead of Fed Decision

    U.S. stocks inched higher Wednesday as investors bet that the Federal Reserve would reiterate support for an economy battered by the coronavirus pandemic. The S&P 500 ticked up 0.8%, led by the technology sector. The Dow Jones Industrial Average rose about 85 points, or 0.3%.

  • U.S. Stocks Start Week With Gains

    U.S. stocks rose Monday as investors bet that the largest technology firms will power ahead in an uncertain economic environment., Google parent Alphabet and Apple led the major indexes higher, extending a rise that has helped make the tech sector the best performing in the S&P 500 index so far this year. The broad stock market index rose 0.6% in afternoon trading, while the Dow Jones Industrial Average climbed 0.3%.

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