Airbus recorded orders and options for 123 planes, according to the aviation consulting firm IBA.iQ.Paris Air Showread more
Markets in Asia edged up in Tuesday morning trade as investors awaited the start of a closely-watched meeting by the U.S. Federal Reserve, set to kick off later stateside.Asia Marketsread more
Wall Street analysts think Facebook's cryptocurrency payments project will give the company a big boost.Marketsread more
Chinese President Xi Jinping will travel to North Korea this week for a two-day visit, ahead of a possible meeting between Xi and President Donald Trump at next week's G-20...Politicsread more
The Pentagon said that the crew of one of the tankers, the Japanese Kokuka Courageous, found an unexploded limpet mine on its hull following an initial explosion.Politicsread more
Electronic material that Infowars host Alex Jones turned over to families of Sandy Hook Elementary School shooting victims who are suing him contained images of child...Politicsread more
Facebook's reported move into cryptocurrency could amount to the biggest catalyst for digital assets in their decade-long history, some crypto investors say.Bitcoinread more
In a 7-2 ruling, over dissents from Justices Ruth Bader Ginsburg and Neil Gorsuch, the justices affirmed the so-called "dual sovereignty" exception to the Constitution's...Politicsread more
Eleven banks that lend to shipping lines announced Monday that climate impact will be integrated into the criteria that determines how much shipping companies can borrow, an...Transportationread more
Florida businessman Barry Honig agreed to a proposed judgment with the SEC in a case it called "classic pump-and-dump schemes," according to Monday filings.Crimeread more
"The recent Iranian attacks validate the reliable, credible intelligence we have received on hostile behavior by Iranian forces," Shanahan says.Politicsread more
A gauge of U.S. consumer spending unexpectedly fell in December as demand fell almost across the board, but that is probably not the start of a weak trend given lower gasoline prices and a firming labor market.
The Commerce Department said on Wednesday retail sales excluding automobiles, gasoline, building materials and food services fell 0.4 percent last month after a 0.6 percent rise in November.
The so-called core retail sales correspond most closely with the consumer spending component of gross domestic product. Economists polled by Reuters had expected core retail sales to rise 0.4 percent last month.
December's surprise decline could temper expectations that consumer spending, which accounts for more than two-thirds of U.S. economic activity, accelerated sharply in the fourth quarter.
But with the labor market strengthening and gasoline prices continuing to fall, December's decline in core retail sales will likely be temporary.
Core sales last month were weighed down by a 1.6 percent decline in receipts at electronic and appliance stores, as well as a 0.3 percent fall in sales at clothing stores. Online sales slipped 0.3 percent.
There were also declines in receipts at sporting goods stores.
Core sales were up 3.2 percent from a year earlier.
Receipts at furniture stores rose 0.8 percent in December.
Elsewhere, declining gasoline prices weighed on service station sales, with receipts falling 6.5 percent - the biggest decline since December 2008.
That decline combined with a 0.7 percent fall in receipts at auto dealerships to push down overall retail sales 0.9 percent, the largest decline since January last year.
November retail sales were revised down to show a 0.4 percent increase instead of the previously reported 0.7 percent advance.
Sales for building materials and garden equipment fell 1.9 percent in December, while sales at restaurants and bars rose 0.8 percent.