U.S. retail sales surged in July as consumers bought a range of goods even as they cut back on motor vehicle purchases, which could help to assuage financial markets' fears that the economy was heading into recession.
U.S. retailer Walmart Inc reported strong second-quarter results and raised its earnings expectations for the year, temporarily sidestepping concerns around consumer demand in the wake of tariffs on imports from China.
Warren Buffett’s Berkshire Hathaway on Wednesday said it boosted its stake in Amazon.com by 11% during the second quarter, increasing its bet on the powerful online retailer even as stocks traded near record highs.
Condé Nast has bestowed yet another title upon Anna Wintour -- who already helms the company's flagship fashion title Vogue as editor-in-chief, in addition to performing the role of Condé Nast artistic director.
China's top technology, e-commerce and consumer electronic firms are set to report a sharp slowdown in revenue growth for the June quarter, as a bruising trade war with the United States hurt consumer spending.
BlackRock's new private equity fund Long Term Private Capital has completed its maiden investment, taking up an $875 million stake in Authentic Brands Group, making it the largest investor in the U.S.-based company.