Analysts polled by Reuters expected a pickup in retail sales to 3.5% in August from a year ago and industrial production to hold steady with 3.8% growth.
Category: Finance News
Tech ‘capitulation’: BofA top banker Rick Sherlund predicts breakout in mergers due to troubled economy
Top investment banker Rick Sherlund of Bank of America sees a wave of struggling companies putting themselves up for sale at cheaper prices due to the downturn.
A purchase at a small town sale turned out to be a ‘priceless’ de Kooning painting stolen in 1985
Experts at the Getty spent three years repairing “Woman-Ochre,” a painting by Willem de Kooning that was stolen from The University of Arizona Museum of Art.
See the moment a stolen de Kooning returns ‘home’
Staff members acnbt The University of Arizona Museum of Art discuss what it was like when Willem de Kooning’s “Woman-Ochre” arrived at the museum and the process they took to authenticate the painting.
Billionaire Jim Koch says his Harvard MBA didn’t prepare him to launch Sam Adams: Experience can ‘be a lot more important than intelligence’
Self-made billionaire Jim Koch had multiple degrees from Harvard University, including an MBA, when he founded Sam Adams in 1984. They didn’t help, he says.
6 money tips from pro athletes Isaiah Thomas and Dexter Fowler — and their financial advisor
The MLB and NBA stars sat down with CNBC to discuss their relationship with money during their careers.
Stocks making the biggest moves midday: Netflix, Adobe, Wynn Resorts, Humana and more
These are the stocks posting the largest moves in midday trading.
Why Patagonia’s billionaire founder gave away his $3 billion company to fight climate change: ‘Earth is now our only shareholder’
Yvon Chouinard, the billionaire founder of outdoor apparel maker Patagonia, is giving his $3 billion company away for a greater cause: fighting climate change.
Retail sales growth sluggish in August as consumers fight to keep up with inflation
Advance retail sales for the month increased 0.3% from July, better than the Dow Jones estimate for no change.
‘The economy is breaking hard’ and CEO confidence is miserable, says billionaire investor Barry Sternlicht
The economy is on the brink of serious downturn if the Fed doesn’t pump the brakes on its rate hikes, billionaire CEO Barry Sternlicht said.