Consumers unexpectedly took a dimmer view of the U.S. economy this month. The Conference Board research group said its index of consumer confidence fell to 90.9 in July from a revised 99.8 in June.
Puerto Rico’s worsening debt crisis has whet the appetite of a small but devoted group of distressed investors, including hedge-fund manager John Paulson, who are buying hotel properties.
Home prices made solid gains in May, according to a report released Tuesday, as the housing market increasingly appears to be regaining strength after a long, uneven recovery.
Aggressive push in online video, ‘native’ ads and ‘big data’ are at the center of Joe Ripp’s strategy to save the company Henry Luce built.
The administration’s push to clinch a sweeping Pacific trade deal this week faces stiff opposition over concerns—ranging from human trafficking to antigay laws—that have little to do with trade.
BP swung to a loss as earnings were hit by lower oil prices and a multibillion-dollar charge relating to its recent Deepwater Horizon settlement.
Global stocks rebounded Tuesday from heavy declines, as a relatively muted fall in Chinese shares allowed investors to focus on upbeat corporate earnings and the Federal Reserve’s monetary-policy meeting.
In its scramble to prop up the stock market in recent weeks, Beijing has focused on state-owned titans such as PetroChina. Its big drop this week is seen as a sign of at least temporary surrender.
Wanted in China: a reassuring face to tell panicking investors that everything will be all right.
U.K.-based insurer RSA has big uncertainties around capital, pensions and profitability.