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Amazon.com defeats IRS appeal in U.S. tax dispute

14 hours ago DieselGasoil Comments Off on Amazon.com defeats IRS appeal in U.S. tax dispute
(Reuters) – Amazon.com Inc on Friday defeated an appeal by the U.S. Internal Revenue Service in what the online retailer has called a $1.5 billion dispute over its tax treatment of transactions with a Luxembourg subsidiary. FILE PHOTO: An Amazon package is seen after being delivered in London, Britain February 29, 2016. REUTERS/Toby Melville/Files In Read More

Crude oil futures rise on robust US economic data, Trump comments

1 day ago DieselGasoil Comments Off on Crude oil futures rise on robust US economic data, Trump comments
Crude oil futures were higher during mid-morning trade in Asia Friday, as robust US economic data released Thursday night gave some respite to markets that were trading lower on fears of a looming global recession. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now At 10:45 am in Singapore (0245 Read More

Wall Street higher on strong retail sales data

2 days ago DieselGasoil Comments Off on Wall Street higher on strong retail sales data
(Reuters) – U.S. stocks tried to bounce back on Thursday from a steep selloff a day earlier, as strong retails sales data and upbeat Walmart earnings eased concerns of a recession, but mixed signals on trade and Cisco’s dismal forecast capped gains. Recession fears have gripped the market after the U.S. Treasury yield curve inverted Read More

Strong U.S. retail sales ease gloom over economy

2 days ago DieselGasoil Comments Off on Strong U.S. retail sales ease gloom over economy
WASHINGTON (Reuters) – U.S. retail sales surged in July as consumers bought a range of goods even as they cut back on motor vehicle purchases, helping to assuage financial market fears that the economy was heading into recession. FILE PHOTO: Clothes are seen on display inside the Barneys New York the luxury department store in Read More

J.C. Penney shares surge as loss halves, sales still falling

2 days ago DieselGasoil Comments Off on J.C. Penney shares surge as loss halves, sales still falling
(Reuters) – J.C. Penney Co Inc (JCP.N) posted a smaller-than-expected quarterly loss on Thursday, as the struggling department store operator’s efforts to cut costs and shutter unprofitable businesses paid off, sending its shares up 12%. FILE PHOTO: Levi’s men clothing is pictured inside a JC Penney store in Oceanside, California, U.S., July 31, 2019. REUTERS/Mike Read More

Wall Street rises after strong retail sales data, Walmart earnings

2 days ago DieselGasoil Comments Off on Wall Street rises after strong retail sales data, Walmart earnings
(Reuters) – U.S. stocks rose in choppy trading on Thursday, as strong July retail sales data and Walmart’s upbeat results eased some fears about the economy slipping into recession, but a slump in shares of network gear maker Cisco limited gains. FILE PHOTO: A screen shows the numbers after the closing bell at the New Read More

Futures rise in choppy trading, Walmart up on upbeat earnings

2 days ago DieselGasoil Comments Off on Futures rise in choppy trading, Walmart up on upbeat earnings
(Reuters) – U.S. stock index futures turned positive in volatile trading on Thursday, as investors digested conflicting reports on U.S.-China trade dispute, while a jump in retail giant Walmart’s shares helped dispel early gloom. FILE PHOTO: A screen shows the numbers after the closing bell at the New York Stock Exchange (NYSE) in New York, Read More

Walmart’s earnings beat allays worry over tariff impact for now

2 days ago DieselGasoil Comments Off on Walmart’s earnings beat allays worry over tariff impact for now
WASHINGTON (Reuters) – U.S. retailer Walmart Inc (WMT.N) reported an estimate-beating jump in second-quarter U.S. comparable sales on Thursday as shoppers spent more at its stores and websites, sending its shares up 5% in premarket trading. FILE PHOTO: Walmart signs are displayed inside a Walmart store in Mexico City, Mexico, March 28, 2019. REUTERS/Edgard Garrido/File Read More

Walmart raises earnings forecast for year after jump in quarterly sales

2 days ago DieselGasoil Comments Off on Walmart raises earnings forecast for year after jump in quarterly sales
FILE PHOTO: Walmart signs are displayed inside a Walmart store in Mexico City, Mexico, March 28, 2019. REUTERS/Edgard Garrido/File Photo WASHINGTON (Reuters) – U.S. retailer Walmart Inc (WMT.N) on Thursday reported an estimate-beating jump in second-quarter U.S. comparable sales, and boosted its earnings forecast for the year. Sales at U.S. stores open at least a Read More