Business

Business

Macy's strong heading into holiday season

CINCINNATI (AP) — Macy's is heading into the crucial holiday season firing on all cylinders, logging its fourth consecutive quarter of sales growth at existing locations and getting strong reactions from customers both online and in its stores.

The company also upped its annual earnings expectations, sending shares up more than 3 percent before the opening bell Wednesday.

Insurer Nationwide cutting 1,100 jobs

DES MOINES, Iowa (AP) — Nationwide intends to eliminate the jobs of about 1,100 employees across the country — around 3.6 percent of its workforce.

Consumer prices increased 0.3% in October

WASHINGTON (AP) — Consumer prices climbed 0.3 percent in October, with higher prices for gasoline, used autos and housing contributing to the increase.

Amazon's N.Y. home in 'opportunity zone' for Trump tax break

NEW YORK (AP) — Much of the New York City neighborhood selected by Amazon for one of its new headquarters is in a federal "opportunity zone," a designation created by President Donald Trump's tax overhaul that offers developers potentially millions of dollars in capital gains tax breaks to invest in high-poverty, low-income areas.

Amazon picks New York, D.C. suburb for East Coast headquarters

NEW YORK — Amazon has set its sights on two of the nation's largest and most powerful metro areas, announcing Tuesday it had chosen a buzzy New York neighborhood and a suburb of Washington, D.C., for its new East Coast headquarters.

Home Depot profiting as homeowners are spending

NEW YORK (AP) — Home Depot breezed past all expectations in the third quarter and raised its annual profit expectations again as Americans plow money into their homes, even amid hints that the housing market is cooling.

Comparable-store sales, a key indicator of a retailer's health, rose 4.8 percent, but it jumped 5.4 percent in the U.S., its dominant market.

Amazon splits HQ between N.Y. and northern Virginia

NEW YORK (AP) — Amazon, which has grown too big for its Seattle hometown, said it will split its much-anticipated second headquarters between New York and northern Virginia.

Each will get 25,000 jobs. In addition, the online retailer said it will open an operations hub in Nashville, creating 5,000 jobs.

U.S., Russia, China opt out of cybersecurity pledge at Paris meeting

PARIS (AP) — Fifty nations and over 150 tech companies pledged Monday to do more to fight criminal activity on the internet, including interference in elections and hate speech. But the United States, Russia and China are not among them.

Vietnam ratifies Pacific Rim trade pact abandoned by Trump

HANOI, Vietnam (AP) — Vietnam's National Assembly on Monday ratified a Pacific Rim trade deal abandoned by U.S. President Donald Trump, but still being pushed forward by 11 other members.

The Comprehensive and Progressive Agreement for Trans-Pacific Partnership or CPTPP will take effect at the year's end after Australia became the sixth nation to ratify it last month.

China's annual shopping frenzy shatters records again

SHANGHAI (AP) — Online shoppers in China have shattered last year's record by making $30.8 billion in sales on the country's annual buying frenzy Sunday, as the tradition marked its 10th year.

The spending binge has for years eclipsed Cyber Monday in the U.S. for online purchases made on a single day.

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