FedEx shares tumbled after the company surprised analysts by cutting its full-year profit projection just 3 months into the fiscal year. Shares fell more than
While analysts initially called for Australia’s wheat crop to slump to an 8-year low, forecasters are now projecting a record setting harvest as weather conditions remain favorable despite El Nino. Output is expected to
U.S. retail sales continued to rise in August – marking the sixth straight monthly advance – as consumers boosted spending in spite of recent volatility in the markets. Sales rose by
Crude oil surged this week after the EIA reported that domestic supplies finally declined last week – marking the first downturn in 3 weeks. Inventories fell
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Alibaba’s shares took a beating on Monday, as a report published over the weekend by trade publication Barron called for the Chinese e-commerce giant’s shares to plummet 50 percent in the coming year. Shares
Economic sentiment in Germany dropped to a 10 month low in September on mounting concerns that an economic slowdown in emerging markets would weigh on the economy. The ZEW economic expectations index fell
The dollar plunged to a 3-week low on Thursday, as dovish comments by the Federal Reserve during its policy meeting had investors selling the U.S. currency. The greenback fell
Despite reporting that Q1 earnings topped forecasts, Oracle’s shares fell this week as revenue dropped more sharply than anticipated thanks to a downturn in software license sales and a strong U.S.
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The U.S. consumer price index unexpectedly fell in August, as a strong U.S. dollar and declining gas prices weighed on the cost of other goods. According to the Labor Department, inflation
Although cocoa output out of Ivory Coast is set to match last year’s record this season, unfavorable weather conditions will have production falling during the 2015/16 season by at least
Adobe’s shares rose in afterhours trading on Thursday as a record showing in quarterly revenues helped the company reported a better-than-expected Q3 profit of
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Comments made by the Fed Reserve during its 2-day policy meeting and a weakening U.S. dollar had gold prices rallying to a 2-week high this week. Snapping a 3-week losing streak, gold rose
In what had to be the most anticipated decision of the year, the Federal Reserve announced whether or not it would finally raise rates for the first time in 9 years. Citing volatile
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