More consumers using credit cards for purchases under $10, though cash is still king
Since 2014, the share of people using cash for those small amounts has steadily dropped while those using a credit card has climbed.
Market wire
Latest news on private equity markets
Headlines on the small cap U.S. and Canadian companies we follow, pulled from the wires as they publish. Every story opens at its original source.
J.C. Penney quarterly loss halves, sales still fall amid turnaround
J.C. Penney Co Inc reported a smaller-than-expected quarterly loss on Thursday, as the department store operator's efforts to cut costs and shutter unprofitable businesses paid off,...
U.S. consumer spending strong; manufacturing struggling
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...
Oil deepens slide on recession fears, China's trade threats
Oil prices fell more than 1% on Thursday, extending the previous session's 3% drop, pressured by mounting recession concerns and a surprise boost in U.S. crude...
Dow posts biggest one-day drop since October as recession fears take hold
Wall Street sold off sharply on Wednesday as recession fears gripped the market after the U.S. Treasury yield curve temporarily inverted for the first time in...
Stocks, oil plunge on growing signs of global slowdown
Equity markets tanked and oil prices fell sharply on Wednesday after a closely watched bond indicator pointed to the growing risk of a U.S. recession that...
GE secures four-year labor deal with unions for 6,600 workers
General Electric Co has clinched a labor deal with all 6,600 of its unionized workers in the United States, averting potential strikes that could have hit...
Global firms are sounding the alarm as Hong Kong protests deal "serious blow" to the city's outlook
Two months of protests in Hong Kong are starting to take a toll on some of the largest global companies, adding to a host of geopolitical...
Oil drops 3% on weak global economic data, U.S. crude stocks build
Oil prices shed 3% on Wednesday after fresh Chinese and European economic revived global demand fears and U.S. crude inventories rose unexpectedly for the second week...
U.S. curve inverts for first time in 12 years; 30-year yield tumbles
The U.S. Treasury yield curve temporarily inverted on Wednesday for the first time since June 2007 in a sign of investor concern that the world's biggest...
The IRS will waive this 2018 tax penalty for more than 400,000 filers
The IRS will automatically waive a tax underpayment penalty for a handful of 2018 filers. How to find out if you're affected.
Fund manager loses $1.8 billion in one day on Argentina bets: Financial Times
Franklin Templeton fund manager Michael Hasenstab lost $1.8 billion on Monday due to the market slide in Argentina, according to the Financial Times.
Exclusive: China curbs gold imports as trade war heats up
China has severely restricted imports of gold since May, bullion industry sources with direct knowledge of the matter told Reuters, in a move that could be...
U.S. yield curve inverts for first time in 12 years, flags recession
The U.S. Treasury yield curve inverted on Wednesday for the first time since June 2007, in a sign of investor concern that the world's biggest economy...
Trump sees Fed rather than trade war as source of market turmoil
With global markets flashing concern about the fallout from the U.S.-China trade war and the near-term strength of the American economy, U.S. President Donald Trump on...