Check out the companies making headlines in the premarket Tuesday: Home Depot — Home Depot shares dropped more than 5% in the premarket after the home improvement retailer reported disappointing same-store sales. The company said global same-store sales rose 3.6% in the previous quarter. Analysts polled by Refinitiv expected growth of 4.7%. Kohl’s — Shares […] Read more
Catalan leader Quim Torra could be stripped of his mandate on Monday if a Spanish court finds him guilty of disobedience after pro-separatist banners were flown from state buildings earlier this year. His sentencing — expected at 18:00 CET — comes less than a month after Spain’s Supreme Court sentenced nine other Catalan separatist leaders […] Read more
Former Massachusetts Gov. Deval Patrick is joining the 2020 Democratic presidential primary, expanding an already jammed field less than three months before nominating contests start. Patrick announced his candidacy Thursday morning in a video posted to YouTube. “So in a spirit of profound gratitude for all the country has given to me, and with a […] Read more
Nigel Farage has announced that his Brexit Party will not contest parliamentary seats held by Boris Johnson’s Conservatives at the upcoming December election. The decision — a boost for Johnson — effectively reverses the anti-EU campaigner’s earlier pledge that the Brexit Party would fight all seats unless the prime minister committed to a no-deal Brexit. […] Read more
Gap Inc. shares tumbled in extended trading Thursday after the company said CEO Art Peck will be stepping down immediately, and be replaced by the founders’ son temporarily. Gap, which has been struggling to revive its sales, also slashed its forecast for the year, citing a “challenging quarter.” Its shares sank more than 7% in […] Read more
Europe’s real GDP (gross domestic product) for the year is projected to grow at its lowest rate since 2013, according to the International Monetary Fund (IMF). In its latest Regional Economic Outlook report, the IMF suggests that real GDP across the continent will moderate to 1.4%, down from 2.3% in 2018, before rebounding to 1.8% […] Read more
OPEC has downwardly revised its forecast for global oil demand growth over both the medium-term and long-term, citing tough market conditions and “signs of stress” in the world economy. In its closely-watched annual World Oil Outlook (WOO), the Middle East-dominated producer group said Tuesday that the last 12 months had been “challenging” for energy markets […] Read more
Apple said Monday it will contribute $2.5 billion to try and alleviate California’s housing crisis, raising the bar for tech companies to commit to the communities in which they reside. “Before the world knew the name Silicon Valley, and long before we carried technology in our pockets, Apple called this region home, and we feel […] Read more
The leader of the U.K. Brexit Party and Donald Trump-ally Nigel Farage kicked off his election campaign on Friday with both an offer and a warning to U.K. Prime Minister Boris Johnson. The starting gun has been fired on campaigning toward a U.K. general election on December 12 in a bid by different parties to […] Read more
Oil markets are expected to face excess supplies in 2020 due to a production boost amid weak demand growth, the director for energy markets and security at the International Energy Agency said Tuesday. “Overall, we will continue to see a well supplied market in 2020,” said Keisuke Sadamori at the Singapore International Energy Week. “Unless […] Read more
