The apparel maker is grappling with the impact of increased U.S. tariffs on Chinese goods. Source: Business News –
Hurricane heads for Florida after brushing Caribbean islands
Forecasters warned Hurricane Dorian was gaining strength and probably would grow into a dangerous storm while heading toward the northern Bahamas and Florida’s east coast. Source: Business News –
New merchandise, revamped stores drive Dollar General forecast, shares up 8%
The outlook as well as a quarterly profit beat eased some concerns around the impact of the Trump administration’s latest tariffs on some Chinese imports, including holiday merchandise. Source: Business News –
Best Buy shares fall after reporting second-quarter revenue and same-store sales misses
Investors were pessimistic even though Best Buy reported earnings that beat expectations by 9 cents and raised its guidance for the fiscal year. Source: Business News –
Trump gloats after MSNBC host Lawrence O’Donnell apologized and retracted a claim that Trump had loans backed by Russian billionaires
Ludovic Marin/AFP/Getty Images President Trump in a tweet Thursday attacked MSNBC host Lawrence O’Donnell, who earlier apologised for reporting that Trump’s Deutsche Bank loans had been guaranteed by Russian oligarchs. "Crazy Lawrence O’Donnell, who has been calling me wrong from even before I announced my run for the Presidency… was again forced to apologize," tweeted […]
Dozens of Chinese military trucks enter Hong Kong overnight for a ‘routine’ rotation of troops that could be part of China’s intimidation strategy
Screenshot/People’s Daily China Dozens of Chinese military vehicles entered Hong Kong on Thursday morning for what state media called a "routine rotation" of its officers stationed in Hong Kong. Chinese state media reported on the movements as it was happening — a contrast to previous years where they publicized the rotation of troops only after […]