Marketing costs expected to jump 15% this year, company says Full-year profit guidance climbs after sale of Accertify American Express Co. said it’s planning to increase spending on marketing even as billings growth on the company’s credit cards slowed in the second...

European stocks fell for a fifth day as a series of technical glitches swept around the world, hitting trading, travel and support services. The Stoxx 600 Index ended the session with a loss of 0.8% to notch its worst week since October. Travel and leisure stocks were...

Central bank leaves benchmark interest rate at 19.5% Expects improved supply of consumer goods to ease inflation Angola’s central bank surprised financial markets by leaving borrowing costs unchanged on expectations that inflation will start to ease from August. The...

Metals driven lower as Beijing refrains from major stimulus Global copper inventories have ballooned in recent months Copper headed for its biggest weekly loss since 2022 and iron ore extended a slump toward $100 a ton as a policy meeting in China failed to lay out...

EV maker looks to use parent company’s existing Europe plants Zeekr CEO expresses regret over tariffs on Chinese vehicles Electric-vehicle maker Zeekr is considering making cars in European factories linked to its parent, the Chinese auto conglomerate Zhejiang Geely...

Sales in the first half of the year fell 57% from 2023 Trend does little to cut prices as development costs stay high Toronto’s condominium developers saw sales of new units fall to the slowest pace in 27 years as high interest rates temper demand despite a shortage...

Covello casts doubt on hype behind an $16 trillion rally He says costs, limited uses means it won’t revolutionize world Over three decades on Wall Street, Jim Covello has learned how painful it can be to bet against an inflating tech stock bubble. The market has a way...

Liquidations would shutter more than 40% of company’s stores Furniture chain acquired a rival last year to expand reach Furniture retailer Conn’s Inc. is planning to shutter around 100 locations and liquidate the inventory as part of a bankruptcy filing planned for...

Annual CPI rate falls to 3.3% from 4% in previous quarter Three main banks now see RBNZ rate cuts starting sooner New Zealand inflation slowed more than forecast to its weakest in three years in the second quarter even as domestic price pressures persisted. The...

Long-short strategy has gained over 10% in China this year China’s low correlation, high dispersion generates alpha: BNP Chinese stocks have been among the world’s worst performers over the past year, but they are beating their major peers based on one hedge-fund...

Empire State factory index eased this month to minus 6.6 Prices received by state manufacturers dropped to one-year low New York state factory activity contracted for an eighth straight month in July while a measure of prices received by producers declined to a...

Charles Clough leaving Merrill then was a sign of dot-com top Traders wonder if stock market history is repeating itself It’s been about 25 years since Wall Street had a serious bear hunt. And it appears another one is starting up now. Early on Aug. 27, 1999, the...

France has become ungovernable after the snap legislative elections left the country with a deeply divided parliament and no obvious path toward a stable government, according to three-quarters of respondents in a poll by Elabe. The survey also showed that 71% of the...