Stock market today: Dow, S&P Live updates for August 13, 2020
European equities slipped as U.S. futures fluctuated on Thursday as a global rally in equities showed signs of fluctuating after stimulus talks in Washington remained deadslot. The dollar fell before important data on unemployment were available. The Stoxx Europe 600 Index rallied lower on declines in miners and insurers. Aegon …
Read More »Stein Mart filed for bankruptcy as analysts predicted pressure on normally-robust off-price retail
Off-price retailer Stein Mart Inc. announced bankruptcy on Tuesday amid rising off-price pressures, a retail category that grew for COVID-19. To be sure, Stein Mart SMRT, -37.89% , like many other retailers that have submitted Chapter 11, face challenges even before the coronavirus pandemic. Fiscal losses for 2019 totaled 22 …
Read More »Airbus expects EU to respond to US tariffs in dispute over aircraft subsidy
An Airbus A330neo commercial passenger aircraft takes off on July 10, 2018 at Colomiers near Toulouse, France. Regis Duvignau | Reuters Airbus said on Wednesday it regretted a US decision to keep 15% fares on Airbus aircraft in place despite European Union action to comply with World Trade Organization decisions, …
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