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  • IMF Managing Director Lagarde resigns in advance of ECB post

    WASHINGTON (AP) — Christine Lagarde is resigning as managing director of the International Monetary Fund in light of her nomination to be the next president of the European Central Bank. Lagarde has already given up her day-to-day duties as head of the IMF, and the international lending agency has named a top deputy, David Lipton, […]
  • Domino’s 2Q sales fall short as rival delivery services bite

    ANN ARBOR, Mich. (AP) — Domino’s Pizza said aggressive discounting by third-party delivery services like DoorDash is hurting its U.S. sales — and shows no sign of letting up. U.S. sales at stores open at least a year rose 3% in the second quarter. That was below analysts’ forecast of 4.5%, according to FactSet. It […]
  • Asian stocks mixed as Wall Street ends 5-day winning streak

    TOKYO (AP) — Asian stocks were mixed Wednesday as Wall Street ended a five-day winning streak after the first big round of corporate earnings reports. Japan’s benchmark Nikkei 225 dipped 0.4% to 21,445.03 in morning trading. Australia’s S&P/ASX 200 added 0.4% to 6,667.60. South Korea’s Kospi dipped 1.1% to 2,069.41. Hong Kong’s Hang Seng slipped […]
  • Markets Right Now: Stocks break a 5-day winning streak

    NEW YORK (AP) — The latest on developments in financial markets (all times local): 4 p.m. Stocks are ending broadly lower on Wall Street, breaking a five-day winning streak for the S&P 500 index. Technology companies posted some of the biggest losses Tuesday. Microsoft lost 1.3%. Some banks rose after reporting results that beat analysts’ […]
  • US industrial production unchanged in June

    WASHINGTON (AP) — U.S. industrial production was flat in June, as a slump in utilities was offset by gains in output by factories and mining. The Federal Reserve said Tuesday that manufacturing production increased 0.4% last month, aided by a nearly 3% surge at auto plants. Still, factory output has been weak over the past […]
  • US retail sales rise 0.4% in June in sign of consumer health

    WASHINGTON (AP) — U.S. retail sales rose at a solid pace last month, providing crucial support to the economy at a time when other drivers of growth have faded. The Commerce Department said Tuesday that retail sales rose 0.4% in June, the fourth straight increase. Sales at online retailers, grocery stores, home and garden stores, […]
  • Millennial Money: Credit score up? Build credit smarts, too

    Well done, America. Credit scores across the nation are going up. On the other hand, knowledge of how credit works is declining. Consumers’ grasp of credit is the lowest it’s been in eight years, according to an annual survey by credit scoring company VantageScore and the Consumer Federation of America, a nonprofit association of consumer […]
  • Wells Fargo 2Q results beat Street estimates

    WASHINGTON (AP) — Wells Fargo reported better-than-expected earnings despite lower interest income in the second quarter, a potential concern for investors with a Fed interest rate cut likely on the horizon. Shares in the consumer banking giant slid 3%. Wells Fargo & Co., still under growth restrictions by regulators after years of missteps and scandals, […]
  • Goldman Sachs 2Q profit declines 6%, but beats estimates

    NEW YORK (AP) — Goldman Sachs said its second quarter profit fell 6% from a year earlier, as the Wall Street firm saw declines across most of its businesses. However the results were much better than what analysts’ had forecast, pushing shares higher in premarket trading. The New York-based bank said it earned a profit […]
  • JPMorgan Chase posts $9.7 billion profit, beating estimates

    NEW YORK (AP) — Banking giant JPMorgan Chase & Co. said Tuesday that its second quarter profits grew by 16% from a year ago, helped by lower taxes and the ability to charge businesses and consumers more to borrow money. The nation’s largest bank by assets said Tuesday that it earned $9.65 billion, or $2.82 […]