The ongoing strike at coffee retail giant Starbucks Corp. by its baristas has been expanded to nine states as of Sunday, according to the Starbucks Workers United union. The five-day strike began on Friday at Starbucks locations in Chicago, Los Angeles and Seattle- its hometown- seeking wage increases for baristas. The workers in Colorado, Ohio...
Indian shares ended notably higher on Monday after five straight sessions of losses. Benchmark indexes both staged a share recovery, after having fallen nearly 5 percent over the last week. Underlying sentiment was helped by firm cues from global markets as a benign U.S. inflation reading helped revive investor hopes for further policy easing by...
The Swiss franc weakened against other major currencies in the European session on Monday, as the European stocks traded higher heading into a holiday-shortened week. It will be a pretty quiet week due to the upcoming Boxing Day and Christmas Day holidays. Nonetheless, fund managers may engage in some year-end window-dressing to show case good...
Weak crude oil and gold prices point to a negative open for Canadian stocks on Monday. However, the market may climb higher if GDP and producer prices data, due this morning, turn out to be positive. Final data on Canadian GDP for the month of October is due at 8:30 AM ET. Data on Canadian...
The U.S. Department of Agricultures Food Safety and Inspection Service or FSIS has announced various recalls of ready-to-eat or RTE pork and beef bologna products, as well as raw pork sausage products. Perkins, Oklahoma-based Ralphs Packing Co. is recalling around 3,132 pounds of RTE pork and beef bologna products citing misbranding and undeclared milk, a...
New orders for U.S. manufactured durable goods slumped by much more than expected in the month of November, according to a report released by the Commerce Department on Monday. The report said durable goods orders tumbled by 1.1 percent in November after climbing by an upwardly revised 0.8 percent in October. Economists had expected durable...
Consumer confidence in the U.S. has unexpectedly deteriorated in the month of December, according to a report released by the Conference Board on Monday. The Conference Board said its consumer confidence index tumbled to 104.7 in December from an upwardly revised 112.8 in November. The pullback surprised economists, who had expected the consumer confidence index...
After reporting a sharp pullback by new home sales in the U.S. in the previous month, the Commerce Department released a report on Monday showing a significant rebound by new home sales in the month of November. The Commerce Department said new home sales surged by 5.9 percent to an annual rate of 664,000 in...
The Canadian market closed on a firm note on Monday, lifted by gains in energy stocks. The start was a bit shaky, but stocks gained in strength as the day progressed as buying gathered momentum, although volumes remained a bit thin ahead of upcoming Christmas holidays. The benchmark S&P/TSX Composite Index, which dropped to 24,510.50,...
The South Korea stock market on Monday ended the two-day slide in which it had stumbled more than 80 points or 3.2 percent. The KOSPI now rests just above the 2,440-point plateau and its expected to open to the upside again on Tuesday. The global forecast for the Asian markets is upbeat, with technology stocks...