Arturo Estrella has a message for recession naysayers: It could hit sooner than you think.Marketsread more
It is a rare scenario where long-term interest rates suddenly fall below short-term interest rates.Real Estateread more
Fed Chairman Jerome Powell faces the tough challenge of presenting a unified voice on Fed policy from the most divided Fed in years.Market Insiderread more
VMware is following through on its proposal to buy Pivotal, a fellow Dell subsidiary, and expanding into cybersecurity with the acquisition of Carbon Black.Technologyread more
Weisler has been CEO at the company since 2015 when it split from HPE.Technologyread more
Gap Inc.'s fiscal second-quarter earnings topped analysts' estimates but sales missed. Same-store sales dropped 4% during the period, worse than expected.Retailread more
Salesforce released its first earnings report since its $15.3 billion acquisition of Tableau Software, the company's largest deal ever.Technologyread more
Dallas Fed President Robert Kaplan would like to avoid additional stimulus but is keeping an "open mind."The Fedread more
Overstock CEO Partick Byrne has resigned from the e-commerce company after making comments about his role in the "deep state."Technologyread more
It was the third trigger of the recession indicator in less than two weeks.Bondsread more
Automakers are trying to deal with President Trump's efforts to roll back Obama-era fuel efficiency rules.Autosread more
Revenue at Britain's Whitbread Plc rose 2.6 percent in the first half as investment in expanding its network of Premier Inn hotels bore fruit in a rise in sales ahead of the sale of Costa Coffee to Coca-Cola.
The hotel and restaurant group said sales had risen on the back of an influx of tourists to the U.K. and a rise in the overall capacity of the company's hotels, although it said U.K. consumer demand overall had been weak.
Whitbread said in August it was selling the world's biggest coffee chain to Coke in a 5-billion pound deal that will leave the 276-year-old company focusing on its hotel brands.
Total U.K. sales growth in the U.K. at Premier Inn was 4.8 percent, although like-for-like growth was just 0.2 percent reflecting the weakening of consumer demand, the company said, pointing to turbulence in the U.K. economy ahead of next year's planned departure from the European Union.
"Given the recent economic and political environment, along with inflationary pressures in the consumer sector, there is a degree of caution on demand," the company said in statement.
Costa Coffee's statutory profit rose 3.5 percent to 47 million pounds ($60.85 million) for the first half, which the company reported as a discontinued operation for the same period.
Whitbread said it expects to open 4,000-4,500 Premier Inn rooms in the U.K. and Germany in 2019, aiming to cash in on the trend of holidaymakers and business travelers towards cheaper accommodation.