Demand for long-lasting factory goods fell sharply—4.0% in June—in a sign overseas turmoil is weighing on U.S. manufacturers. However, the decline was led by soft demand in the volatile civilian aircraft and defense sectors.
Fiat Chrysler Automobiles nudged up its full-year financial targets and reported a 25% rise in profit as the Italian-American car maker’s performance improved in Europe and held steady in North America.
Boeing Co. swung to a loss in the latest period and slashed its earnings outlook for the year, hurt by large charges related to expensive setbacks with the production of its commercial and military jets.
Few brands are as exposed to European tourism as Louis Vuitton. Given the recent slew of terrorist outbursts on the continent, which have made wealthy Asians and Americans more reluctant to travel there, parent group LVMH Moët Hennessy Louis Vuitton is showing surprising resilience.