U.S. Retail Sales Fell 1.1% in July
Sales are well above pre-pandemic levels, but spending on goods retreated over the month.
U.S. Stocks Slip After Retail Data
The Dow blue-chip index is on course to snap a five-day record-setting streak, its best run in almost four years.
U.S. Industrial Production Rises More Than Expected
Industrial production rose by 0.9% in July compared with June, driven by a jump in manufacturing output, Federal Reserve data showed. The reading topped economists' expectations of a 0.5% gain.
Ride-Hailing Companies Get Some Drivers' Edu
A survey published by DoorDash shows exactly why ride-hailing companies may be having a hard time luring back drivers.
Investors Bet Corporate Spending and Buybacks Will Support Stocks
Companies' cash hoards stir hopes for greater spending on business growth and returning money to shareholders.
Derby's Take: Kashkari Wants to Kill the Dots, Overhaul FOMC Statement
Minneapolis Fed leader Neel Kashkari believes the way the U.S. central bank communicates its policy choices to the world is in need of some reform.
China Steps Up Direct Involvement in Internet Content Firms
China is taking a more direct hand in managing internet content companies by acquiring stakes, filling board seats and sending dedicated regulators to police content at firms more frequently.
China Set to Pass One of the World's Strictest Data-Privacy Laws
The world's leading practitioner of state surveillance is set to usher in a far-reaching new privacy regime with a law that resembles Europe's robust framework for online privacy protections-up to a point.
Some Private-Equity Firms Ditch the Status Quo in Secondary Deals
Original fund investors increasingly aren't getting the option to back secondary deals for portfolio company stakes without a change to the economic terms of their initial investments.
Delta Variant Threatens Small Businesses as It Slows Return-to-Office Plans
Many big employers now intend to keep staffers home after Labor Day, in a new blow to the shops, retailers and restaurants that rely on them.
(END) Dow Jones Newswires
August 17, 2021 11:00 ET (15:00 GMT)
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