Costco Falls on Lowest US Sales Growth in Almost Three Years
Costco Wholesale Corp. slipped as the second straight slowdown in a key monthly sales gauge stoked doubts about the strength of US consumers.
Bloomberg Business
US Bank Earnings in Focus as Their Deposits Get Scrutinized
When US banks start reporting fiscal first-quarter results next week, what their executives say about deposit levels and liquidity will arguably be of greater interest to investors than any full-year profit guidance.
Hiring Blows Past Forecasts Again in Canada’s Hot Job Market
Canadian employment showed surprising strength for a fourth straight month, defying expectations of an economic slowdown and testing the central bank’s commitment to a rate pause.
Apple’s $165 Billion Cash Hoard Creates M&A Mirages
Apple Inc.’s slowing growth and cash-rich balance sheet are again fueling speculation that the world’s most valuable company should make a big acquisition.
Tunisian Bonds Plunge After Leader Rejects IMF’s ‘Diktats’
Tunisian bonds plunged the most worldwide after President Kais Saied signaled he’ll reject a bailout from the International Monetary Fund, adding to concern that the cash-strapped nation is headed toward default.
Turkey Wants to Negotiate Payments to Iraq Before Oil Exports Resume
Turkey wants to negotiate with Iraq a settlement that it’s been ordered to pay before an oil pipeline that exports 400,000 barrels a day is reopened, according to two Turkish officials familiar with the situation.
Airbus to Build New China Jet Factory as Apple Pulls Back
Airbus SE will double production capacity in China of its top-selling jet in a bold bet on future demand in one of the world’s biggest aviation markets.
Carvana Bondholders May Score Bigger in Bankruptcy Versus Debt Swap
Carvana Co.’s biggest bondholders may wind up better off if the beleaguered online car seller ends up in a position companies usually try to avoid: bankruptcy.
Billionaire Saade Forges Ahead With China, Media Deals
CMA CGM SA Chief Executive Officer Rodolphe Saade said the world’s third-largest container line has reached new supply deals in China and an investment in a French online media company.
Musk Puts $14 Trillion Price Tag on Sticking by Fossil Fuels
Converting the world to entirely clean energy will require $10 trillion worth of investment, but continuing to rely on fossil fuels would cost about $14 trillion, according to Elon Musk.
