Cable giant Comcast Corp. said it is “in advanced stages of preparing” a higher, all-cash offer for the entertainment assets that 21st Century Fox has agreed to sell to Walt Disney Co. for $52.4 billion in stock.
Wall Street Journal
Target posted higher quarterly sales as the big-box chain invested in its stores and received a boost from a strong economy. But the spending weighed on profit margins.
The Federal Reserve is almost certain to raise short-term interest rates at its June policy meeting and will likely follow up with another increase in September, according to economists surveyed by The Wall Street Journal.
The Federal Reserve will shed more light on policy makers’ outlook for the second half of the year when it releases the minutes of its May 1-2 meeting.
The debt on 666 Fifth Ave. has moved to center stage as Kushner and Brookfield work to complete their deal for the 39-story Manhattan building.
The Federal Reserve on Wednesday will shed more light on policy makers’ outlook for the second half of the year when it releases the minutes of its May 1-2 meeting.
Standard models of the economy are built on a simple relationship: When unemployment goes down, inflation eventually goes up. That relationship has looked sickly for years. In Japan, it may be dead, a preview of what central bankers may confront everywhere.
The eurozone’s economy has outpaced the U.S. for the past two years, yet its corporate profits are trailing those in America like never before.
Business activity in the eurozone slowed for the fourth straight month in May and more sharply than expected, a survey of manufacturers and service providers showed, a sign that economic growth has yet to rebound from a surprisingly weak showing in the first quarter.
Asian stocks were largely lower Wednesday as investors weighed the implications of the latest trade tensions between the U.S. and China, along with the possible cancellation of a planned June summit between President Donald Trump and North Korea’s Kim Jong Un. Hong Kong and Japan led broader declines, both falling around 1%.