Volkswagen Earnings Upbeat Despite Diesel Scandal Charges
German automaker Volkswagen says its profit slipped in the first quarter as the company set aside 1 billion euros ($1.1 billion) for legal risks related to its 2015 diesel scandal.
German automaker Volkswagen says its profit slipped in the first quarter as the company set aside 1 billion euros ($1.1 billion) for legal risks related to its 2015 diesel scandal.
US productivity rises at solid 3.6% rate in Q1, best showing since 2014, while labor costs fall.
Survey: US businesses gained a strong 275,000 jobs in April, most in 9 months.
Stocks gave up some early gains and ended broadly lower on Wall Street Wednesday after the head of the Federal Reserve appeared to play down the possibility of an interest rate cut this year, something some investors had been hoping for.
CVS Health 1Q results beat estimates and the company hikes expectations for the year.
US construction spending drops 0.9% as housing drops to two-year low.
Wall Street capped a day of mostly wobbly trading with meager gains Tuesday, enough to nudge the S&P 500 to an all-time high for the third straight day.
President Donald Trump and Democratic leaders agreed Tuesday on how much they would like to spend on an infrastructure bill, but now comes the hard part.
Higher prescription drugs sales and restrained spending gave drugmaker Pfizer a 9% jump in first quarter profit as it easily topped analysts’ profit expectations.
Apple is still grappling with weakening iPhone demand as the company creates more services designed to bring in a steady flow of money from its 1.4 billion devices still in use.