Sears opens its first Home & Life stores and plans to open more as it looks for a fresh start after bankruptcy.Retailread more
Former Foreign Minister Boris Johnson is seen as the bookmaker's favorite to succeed outgoing Prime Minister Theresa May.Europe Politicsread more
Facebook's founder Mark Zuckerberg has held talks with the Winklevoss twins, his old rivals, about the social media giant's developing digital currency, the Financial Times...Bitcoinread more
An analyst for Ark Invest, which has a major investment in Tesla, says recent drastic price-target cuts by others on Wall Street are missing the big picture.Investingread more
The markets have been very slow to recognize the very high stakes game that is playing out on the world stage today.Economyread more
May had failed to win a parliamentary majority on Britain's withdrawal from the European Union.Europe Politicsread more
The Trump administration proposed Friday to roll back health-care protections for transgender people by ending an Obama-era policy that prohibited health providers from...Health and Scienceread more
Analyst Michael Olson says he has "a high degree of confidence" that Amazon shares can reach the level without "significant changes to the business."Investingread more
House Judiciary Committee Chairman Jerry Nadler says Mueller told the committee he would make his opening statement before the public.Politicsread more
The biggest U.S. gasoline price surge in years is running out of steam just in time for the start of the summer driving season.Energyread more
A downgrade from BMO analysts led to an unsavory drop in Chipotle's stock, and some analysts are advising waiting out the weakness.Trading Nationread more
New Zealand slumped to its lowest quarterly economic growth in five years, as manufacturing, services and agriculture all slowed down after showing surprising strength in the previous quarter.
Statistics New Zealand figures out on Thursday showed gross domestic product grew 0.3 percent in the three months to the end of September, coming off a surprise 1 percent recorded in the previous quarter.
The growth figure was well below expectations of 0.6 percent by 10 economists polled by Reuters.
The New Zealand dollar dropped from US$0.6794 by more than a quarter of a U.S. cent to US$0.6764, a three week low, following the announcement.
Annual growth was put at 2.6 percent, against analysts' forecasts of 2.8 percent.
"The largest contribution to the downturn in goods-producing industries was manufacturing, with food manufacturing down significantly," Stats New Zealand national accounts senior manager Susan Hollows said in a statement.
Primary industries grew 2.2 percent, while growth in service industries slowed to 0.5 percent. The goods-producing industries fell 1.0 percent, dragging down overall growth this quarter, the statement said.
Mining rose 12 percent, partly recovering from the sharp fall in the June quarter.
Low business confidence under Prime Minister Jacinda Ardern's Labour Party-led coalition, combined with a subdued housing market, easing migration and U.S.-China trade tensions, have all raised risks for New Zealand's growth outlook.
Governor Adrian Orr has said the next policy move would depend on how the economy fared, with the benchmark rate held at a record-low 1.75 percent since late 2016.
New Zealand's Treasury department last week trimmed the country's growth forecast for 2019 and flagged a smaller surplus as it cautioned of risks to the economy from global trade frictions and slowing immigration.
The country's current account deficit widened to its largest in nine years in the third quarter, official statistics showed on Wednesday.