It was the third trigger of the recession indicator in less than two weeks.Bondsread more
U.S. manufacturer growth slowed to the lowest in almost 10 years in August, the latest sign that the trade war may be exacerbating the economic slowdown.Marketsread more
Philadelphia Fed President Patrick Harker said he doesn't see the case for additional stimulus after the Federal Reserve's July rate cut.The Fedread more
Stocks fell as fears of an economic recession built up ahead of a key speech from Federal Reserve Chairman Jerome Powell.US Marketsread more
"My sense was we've added accommodation, and it wasn't required in my view," George tells CNBC's Steve Liesman.Investingread more
Former Prudent Bear Fund manager David Tice is urging investors to brace for a massive downturn.Trading Nationread more
Apple plans to unveil three new iPhones in September, including two new "Pro" models and a successor to the iPhone XR, Bloomberg reported Thursday.Technologyread more
While Volkswagen may not want to invest in Tesla, the U.S. carmaker has been scouting locations in Europe for a new Gigafactory there.Autosread more
Corporate profits posted modest growth in the second quarter as companies brace for slowing global growth.Retailread more
A ruling against J&J could mean more big payouts in similar cases across the country.Health and Scienceread more
Kraft has filed a contempt motion against the CFTC over a press release announcing the $16 million fine to settle claims of manipulating wheat prices.Food & Beverageread more
Carlsberg reported a 6.5% rise in half-year sales on Thursday, as the Danish brewer sold more expensive beer and its operating margins improved despite continued challenges in Russia.
The brewer posted improved earnings but saw declining sales in Russia, its key market, due to tough competition and price hikes at the beginning of the year leading to a loss of market share.
Total volume in Russia declined by 3%, the company said.
Asia, the brewer's fastest-growing market, delivered organic net revenue growth of 15%, lifted by 8.5% volume growth and increased sales of premium brands, even though the Chinese market declined slightly, the company said.
"Asia continues strongly as expected. It looks good over there both on volume and price mix and their craft and speciality beer", Jyske Markets analyst Henrik Hallengreen Laustsen told Reuters.
Carlsberg has shifted its focus from cost-cutting to revenue growth, especially by selling more of its pricier brands.
The brewer reported a 3% increase in price/mix, which indicates whether the company sold more of its expensive brews.
Sales in the first six months of the year came in at 32.99 billion Danish crowns ($4.9 billion), the company said.
"We delivered a strong set of results for the first six months of 2019, with healthy top-line development, strong margin improvement and continued solid cash flow" Chief Executive Officer Cees 't Hart said.
Operating margins came in at 16%, an improvement of 160 basis points, the company said.
Last week, Carlsberg raised its expectations for organic operating profit to "high-single-digit" from "mid-single-digit" percentage growth and said it had achieved a strong operating margin improvement.