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Costco margin dip overshadows sales beat, shares slide

22 mins ago DieselGasoil Comments Off on Costco margin dip overshadows sales beat, shares slide
(Reuters) – Costco Wholesale Corp’s (COST.O) gross margins fell in the first quarter, as the warehouse operator paid higher wages, ramped up investments in its online business and cut prices amid intense competition in the grocery industry. Shopping carts are seen at a Costco Wholesale store in Glenview, Illinois, U.S. May 24, 2016. REUTERS/Jim young/File Read More

Costco misses quarterly sales estimates

1 hour ago DieselGasoil Comments Off on Costco misses quarterly sales estimates
Shopping carts are seen at a Costco Wholesale store in Glenview, Illinois, U.S. May 24, 2016. REUTERS/Jim young/File Photo (Reuters) – Costco Wholesale Corp (COST.O) on Thursday reported quarterly revenue below Wall Street estimates, as the warehouse club operator cut prices and invested more in its online business to compete with Amazon.com Inc (AMZN.O) and Read More

Analysts Bet On Potential Fed Rate Hike For Christmas

2 hours ago DieselGasoil Comments Off on Analysts Bet On Potential Fed Rate Hike For Christmas
Due to the  expected  slowing global economy, stock market turmoil and the growing headwinds from rising interest rates, some analysts are holding out hope that the Fed might slow the pace of further hikes—even if this goes against the consensus.  It is widely anticipated that the Fed will hike interest Read More

Airbus strategy review augurs clean break under new CEO

13 hours ago DieselGasoil Comments Off on Airbus strategy review augurs clean break under new CEO
PARIS (Reuters) – Airbus has launched a strategic review to outline changes under incoming chief executive Guillaume Faury as it faces industrial challenges and prepares for overdue modernization, industry sources said. FILE PHOTO: Guillaume Faury, President of Airbus Commercial Aircraft, delivers a speech during the delivery of the first A330neo commercial passenger aircraft for TAP Read More

Asian shares rally on U.S.-China trade thaw

17 hours ago DieselGasoil Comments Off on Asian shares rally on U.S.-China trade thaw
SHANGHAI (Reuters) – Asian equity markets rallied on Thursday on signs of easing Sino-U.S. trade tensions and expectations that China will step up efforts soon to support its cooling economy. FILE PHOTO: An investor sits in front of a board showing stock information at a brokerage office in Beijing, China, December 7, 2018. REUTERS/Thomas Peter Read More

Oil prices rise as Sino-U.S. trade tensions show signs of easing

18 hours ago DieselGasoil Comments Off on Oil prices rise as Sino-U.S. trade tensions show signs of easing
SINGAPORE (Reuters) – Oil prices rose on Thursday, buoyed by a drawdown in U.S. crude stockpiles and indications that China is taking concrete steps to put a trade war truce with Washington into action. Pumpjacks are seen against the setting sun at the Daqing oil field in Heilongjiang province, China December 7, 2018. Picture taken Read More

Asian shares surge as US-China trade thaw seen, sterling wobbles

20 hours ago DieselGasoil Comments Off on Asian shares surge as US-China trade thaw seen, sterling wobbles
SHANGHAI (Reuters) – Asian equity markets surged on Thursday on signs of easing Sino-U.S. trade tensions and expectations that China will step up efforts soon to support its cooling economy. FILE PHOTO: An investor sits in front of a board showing stock information at a brokerage office in Beijing, China, December 7, 2018. REUTERS/Thomas Peter Read More

Oil prices climb amid signs of easing U.S.-China trade tensions

21 hours ago DieselGasoil Comments Off on Oil prices climb amid signs of easing U.S.-China trade tensions
SINGAPORE (Reuters) – Oil prices rose on Thursday, buoyed by a drawdown in U.S. crude inventories and signs that China is taking more concrete steps to put a trade war truce with Washington into action. Pumpjacks are seen against the setting sun at the Daqing oil field in Heilongjiang province, China December 7, 2018. Picture Read More

Asian shares, sterling up on pause in Brexit, trade fears

23 hours ago DieselGasoil Comments Off on Asian shares, sterling up on pause in Brexit, trade fears
SHANGHAI (Reuters) – Asian shares and the pound moved higher on Thursday as investors breathed a sigh of relief after British Prime Minister Theresa May survived a no-confidence vote, and as China appeared to be taking more steps to meet U.S. demands to open its markets. FILE PHOTO: An investor sits in front of a Read More

U.S. oil prices inch up amid stockpile drop, signs of easing trade tensions

23 hours ago DieselGasoil Comments Off on U.S. oil prices inch up amid stockpile drop, signs of easing trade tensions
SINGAPORE (Reuters) – U.S. oil prices edged up on Thursday, buoyed by a drawdown in inventories and by signs of easing trade tensions between Washington and Beijing. Pumpjacks are seen against the setting sun at the Daqing oil field in Heilongjiang province, China December 7, 2018. Picture taken December 7, 2018. REUTERS/Stringer Oil prices have Read More