WASHINGTON U.S consumer confidence jumped to a near 16-year high in July amid optimism over the labor market while house prices maintained their upward trend in May, which could boost consumer spending after recent sluggishness.
Recent Business News
Apple Inc Chief Executive Tim Cook has committed to build three big manufacturing plants in the United States, the Wall Street Journal quoted U.S. President Donald Trump as saying.
LOS ANGELES Chipotle Mexican Grill Inc is retraining kitchen crews on food safety and enforcing a zero-tolerance policy for employees refusing to abide by new rules, after identifying a sick employee as the cause of a Norovirus outbreak that forced it to briefly close a restaurant in Virginia last week.
SAN FRANCISCO Silicon Valley baron Elon Musk insulted rival billionaire Mark Zuckerberg on Tuesday, escalating a tech wizard war of words over whether robots will become smart enough to kill their human creators.
NEW YORK As Facebook Inc geared up to report second-quarter results on Wednesday, traders in the options market are exhibiting a greater degree of bullishness in more than a year, options data showed.
Pharmacy benefit manager Express Scripts Holding Co said on Tuesday that a new contract with biggest customer Anthem Inc would be on terms significantly less favorable for the company. Express Scripts said in April that health insurer Anthem, which has sued the company in March last year over claims of being overcharged, was unlikely to renew its contract after it ends in 2019.