Top News & Analysis Philadelphia

  • Trump wrote on Twitter that he had spoken with Lockheed Chief Executive Officer Marillyn Hewson "about continuing operations for the Sikorsky plant in Coatesville," while adding that "she will be taking it under advisement and will be making a decision soon." "While Pennsylvania is BOOMING, I don't want there to be even a little glitch in Coatesville- every job...

  • LONDON/ BENGALURU, June 14- Broadcom Inc sent a shockwave through the global chipmaking industry on Friday with its forecast that U.S.- China trade tensions and the ban on doing business with Huawei Technologies would knock $2 billion off the company's sales this year. The forecast, included in the company's second-quarter results late on Thursday, was the...

  • That would allow time for the EPA to calculate the volumes waived and apply them to the next year's blending mandates, the senators said in a statement. The bill's introduction comes after reports that the Trump administration's EPA had given waivers to facilities run by majors...

  • Young women pose in front of the New York City skyline in Brooklyn, New York.

    In New York City, you need to earn six figures.

  • A couple sitting outside a residence in San Francisco.

    Your money is likely to stretch further in San Antonio than in New York.

  • June 7- Wall Street's main indexes rose about 1% on Friday, as a sharp slowdown in U.S. job growth raised hopes of an interest rate cut, with Washington's decision to delay tariffs on Chinese goods adding to the upbeat mood. A Labor Department report showed nonfarm payrolls increased by 75,000 jobs last month, much smaller than the 185,000 additions estimated by...

  • ADP private job gains lowest since March 2010. NEW YORK, June 5- Wall Street's major indexes rose on Wednesday as investors bet on a Federal Reserve interest rate cut after weak private sector jobs data and hopes grew that the United States and Mexico would reach an agreement to avoid U.S. tariffs on Mexican goods. The gains extended the rally on Tuesday when Fed...

  • CNBC's Ylan Mui reports on CRRC, a rail car company owned by the Chinese government that produces rail cars for U.S. cities Boston and Philadelphia. The company's ties to China has D.C. lawmakers on edge.

  • NEW YORK, June 4- CVS Health Corp said it would offer expanded health services such as nutrition counseling and blood pressure screenings in 1,500 stores by the end of 2021, following through on plans announced during the pharmacy chain's 2018 acquisition of health insurer Aetna. The company plans to convert a total of 50 stores this year in Houston, Atlanta,...

  • A view of Sephora logo in Edmonton, Alberta.

    LVMH's Sephora beauty chain said it will close all its U.S. stores, distribution centers and corporate offices on Wednesday to conduct diversity training for employees, a move that follows a racial incident involving a Grammy-nominated singer.

  • NEW YORK, June 2- LVMH's Sephora beauty chain said it will close all its U.S. stores, distribution centers and corporate offices on Wednesday to conduct diversity training for employees, a move that follows a racial incident involving a Grammy-nominated singer. "We have been informed of an incident at our Calabasas store and in addition to reaching out to SZA...

  • NEW YORK, June 2- LVMH's Sephora beauty chain said it will close all its U.S. stores, distribution centers and corporate offices on Wednesday to conduct diversity training for employees, a move that follows a racial incident involving a Grammy-nominated singer. R&B singer SZA, who is black, said in April she was racially profiled at a Sephora store in Calabasas,...

  • NEW YORK/ MADRID, May 30- The holy grail for apparel brands facing rising uncertainty and cost in their global supply chains is to make their merchandise closer to the point of the sale. Entertainment companies from Walt Disney Co to Dr. "You can list overnight on Amazon all the merchandise that's for sale and then as you book sales you just make it and ship it," said...

  • *China ready to hit back at U.S. with rare earths- newspapers. May 29- The S&P 500 and the Nasdaq fell to their two-month lows on Wednesday after China signaled readiness to escalate the trade war with the United States, triggering fears of a long, drawn-out dispute that could weigh on global growth. "Earlier in the year we thought the U.S.- China agreement was close to...

  • May 23- 1/ THE MONTH OF MAY Theresa May stepped into 10 Downing Street in July 2016 with the express aim of taking Britain out of the European Union. Now it's wait and see if her successor will fare any better with the withdrawal deal, or if he or she steers Britain towards a no-deal Brexit. What's clear is that risks of crashing out of the EU without a transition period...

  • District Judge Lucy Koh in San Jose, California, caused Qualcomm shares to plunge 9.5 percent in early trading on Wednesday. Koh's decision followed a 10- day non-jury trial in January, and is a victory for the U.S. Federal Trade Commission, which has accused Qualcomm in 2017 of violating antitrust law. It is unclear whether the sanctions will be challenged by the...

  • *Philadelphia chip index snaps 3- day losing streak. NEW YORK, May 21- Shares of technology companies helped lift Wall Street on Tuesday after the United States temporarily eased curbs on China's Huawei Technologies Co Ltd, alleviating investor concerns about pressure on future corporate results in the sector. But late on Monday, the United States granted the...

  • WASHINGTON, May 19- U.S. Senate Democratic leader Chuck Schumer is asking the federal government to investigate if a plan for new subway cars in New York City, designed by a Chinese state-owned firm, could pose a threat to national security. It also comes at a time when the Trump administration has added China's Huawei Technologies Co Ltd to a trade blacklist,...

  • Patrick Harker, president of the Philadelphia Fed, and Federal Reserve Vice Chair Richard Clarida spent the morning in Camden, which squats in the shadows of Philadelphia's downtown skyscrapers but has the lowest median household income among U.S. cities. The dichotomy of Philadelphia's gleaming office buildings and destitute people on the streets of...

  • FED'S CLARIDA'S PREPARED REMARKS IN PHILADELPHIA LARGELY DUPLICATE HIS MAY 13 SPEECH ON THE FED'S POLICY REVIEW.