Nordstrom reports bigger-than-expected loss, still reeling from store closures
Nordstrom Inc (JWN.N) reported a bigger-than-expected loss on Tuesday, as the COVID-19 pandemic shut its stores for about half of the reported quarter and consumers
Category: Business
U.S., China reaffirm commitment to Phase 1 trade deal in phone call
Top U.S. and Chinese trade officials reaffirmed their commitment to a Phase 1 trade deal, which has seen China lagging on its obligations to buy
Thiel-backed Palantir to go public via direct listing, reveals 2019 loss of $580 million
Palantir Technologies on Tuesday filed to go public through a direct listing, as the data analytics company known for working with the Central Intelligence Agency
Honda Motor units to pay $85 million to settle U.S. states’ probe over Takata air bags
Units of Honda Motor Co (7267.T) have agreed to pay $85 million to settle an investigation by most U.S. states into its use of defective
J.Crew expects to emerge from bankruptcy early next month
J.Crew Group Inc said on Tuesday it expects to emerge from Chapter 11 in early September, after a bankruptcy court accepted its restructuring plan. The
Oil producers cut 84% of U.S. Gulf of Mexico output: U.S. regulator
Oil producers cut 1.56 million barrels per day, or 84% of the daily output, from U.S. offshore Gulf of Mexico wells ahead of a hurricane
U.S. consumer confidence at six-year low; underscores concerns about economic recovery
U.S. consumer confidence dropped to a more than six-year low in August as households worried about the labor market and incomes, casting doubts on the