Stock Markets, Business News, Financials, Earnings

Stocks Inch Higher, Oil Drops On China Worries
Stocks extend gains. China trimmed key lending rates after the latest economic data suggested a weakening rebound in economic activities. Crude oil fell 3%. Home builders confidence declined for the eighth month in a row. Aug 15
European Markets Close Higher, Germany's Wholesale Inflation Eases
European markets closed higher after a choppy session. Energy prices declined in the region after weak economic data from China. Germany's wholesale price index declined for the third month in a row in July but remained elevated. Aug 15

Toast Lifts Annual Outlook After Quarterly Loss Shrank
The restaurant payment platform operator said second quarter loss shrank after gross payment volume soared 62%. TOST
Aug 12
Poshmark's Active Customers Jump 14%
The social commerce fashion platform operator of new and secondhand apparel and accessories said gross volume rose 8% in the second quarter. POSH
Aug 12

Cox Enterprises to Buy Axios Media
Axios Media agreed to be acquired by Cox Enterprises as the company accelerates its expansion in local news.
Aug 8
PerkinElmer Divests Businesses, Focus On Life Science and Diagnostics
PerkinElmer agreed to sell its non-core and relatively low margin businesses for $2.45 billion. PKI
Aug 1

Weekly Jobless Claims Rise to 2022 High
Initial claims of unemployment benefits rose to the 2022 high at the end of last week.
Aug 11
Producer Prices In July Drop 0.5%
Producer prices in July dropped 0.5% after rising in June and May. However, on an unadjusted basis from a year ago the wholesale price index rose.
Aug 11

China's July Exports Rise 18%, Record Trade Surplus
China's exports in July increased 18% on the rebound in orders from the U.S. and trade surplus soared above $100 billion for the first time. However, imports rose 2.3% on weaker demand rebound in domestic demand for energy and raw materials.
Aug 8
Eurozone Growth In Second Quarter and Inflation In July Accelerate
Eurozone growth in the second quarter unexpectedly accelerated despite the persistent supply disruptions and natural gas supplies uncertainties.
Jul 30