Critics say buybacks suppress wages, drive inequality, decrease investment, hurt competitiveness and destroy economies

U.S. stocks rose broadly on Wednesday following upbeat retail earnings from Lowe’s and Target, while investors awaited release of the Fed minutes for further clues on the path of future rate cuts. Big-box retailer Target Corp surged 16.3%, the most on the S&P 500 index, after it beat quarterly profit estimates and raised its annual

Bank of America Corp Chief Executive Officer Brian Moynihan on Wednesday played down fears of a potential U.S. recession, saying strong consumer spending could keep the economy growing. “The underlying consumer is doing well and making more money. More importantly, they’re spending more money,” Moynihan said in a CNBC interview. Fears of a U.S. recession

WASHINGTON — U.S. home sales rose more than expected in July, boosted by lower mortgage rates and a strong labor market, signs the Federal Reserve’s shift toward lower interest rates was adding support for the economy. The National Association of Realtors said on Wednesday existing home sales rose 2.5% to a seasonally adjusted annual rate

YOKOHAMA, Japan — TeraPixel Technologies Inc. (Representative: Naoki Kawahara) taped out “Extrixa Processor” as the first deep-learning AI product on March 8, 2019 as the world’s first chip that uses TSMC 5nm. Wafer equipped with ASIC implemented in the world’s most advanced process rolls out on August 25 and is scheduled to be available in

For inexperienced entrepreneurs, it can come as a rude awakening to discover that VCs’ interests don’t always converge with — and are sometimes at odds with — their own

ROME — Italy is struggling to form its 67th government since World War Two. The fate of its latest political crisis will be determined by five politicians and a comedian, an eclectic group riven by personality clashes as well as deep political differences. MATTEO SALVINI Nicknamed “the captain” by his followers, the head of the

Inflation rate held at 2.0 per cent because of lower costs for services, including telecoms, that were offset by higher prices for durable goods

RBC had $653 million in profit from RBC Capital Markets, a 6.4 per cent declin

BERLIN — Trade conflicts and a weakening global economy have hit growth in Germany’s export-reliant machine-building sector, data showed on Wednesday, adding to signs that Europe’s largest economy could slip into a recession. Exports grew by just 0.9% to 89.2 billion euros ($99 billion) in the first half of the year, according to figures released

(The writer is a Reuters contributor. The opinions expressed are his own.)

The Federal Reserve has lost control of interest rates as evidenced by the federal funds rate trading higher than any part of the U.S. Treasury yield curve, Jeffrey Gundlach, the chief executive of...