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Economy
November 20, 2024

Sovereign debt is the biggest risk to global growth in 2025, Saudi finance minister says

  RIYADH — National debt is a major threat to markets in the near future, Saudi Arabia's finance minister said, expressing particular concern over lower income countries as well as what he described as rapidly growing global fragmentation. "I think globally, the serious, serious issue that we need to watch...

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Earnings
November 19, 2024

Lowe’s beats on earnings and hikes guidance, but still expects sales to fall this year

Lowe's beat Wall Street's quarterly earnings expectations on Tuesday, as outdoor do-it-yourself projects, the home professional business and stronger online shopping fueled sales. Yet even with the better-than-expected results, the home improvement retailer is projecting a year-over-year sales decline. The company updated its full-year guidance on Tuesday, and now expects...

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Business
November 19, 2024

Walmart hikes its outlook again as shoppers spend more outside the grocery aisles

Walmart raised its forecast on Tuesday, as its customers bought more discretionary merchandise, ordered more deliveries to their homes and started their holiday shopping. The discounter now expects net sales will grow between 4.8% and 5.1% for the full year. That compares to its previous forecast for between 3.75% to...

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Finance
November 19, 2024

Fintech unicorns are watching Klarna’s debut for signs of when IPO window will reopen

LISBON, Portugal — Financial technology unicorns aren't in a rush to go public after buy now, pay later firm Klarna filed for a U.S. IPO — but they're keeping a watchful eye on it for signs of when the market will open up again. Last week, Klarna made a confidential...

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  • Cash may feel safe when stocks slide, but it has risks
  • Fed Governor Waller sees tariff inflation as ‘transitory’ in ‘tush push’ comparison
  • Bank of America tops analysts’ estimates on better-than-expected interest income, trading
  • Auto stocks rise as Trump says he wants to ‘help’ some car companies
  • Op-ed: NYSE systems are working normally, handling record volume more efficiently than during Covid crash, president says

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