Financial Performance

China's auto sales sink in July, extending yearlong decline

Aug 13, 2019

China's auto sales sink 3.9% in July from a year earlier, extending a year-long contraction in the industry's biggest global market

Stocks move higher as investors push through trade anxiety

Aug 8, 2019

Stocks are marching broadly higher on Wall Street as investors at least temporarily set aside concerns about the heated trade war between the U.S. and China that roiled the market earlier in the week

Stocks slide as rate cuts stoke fear of an economic slowdown

Aug 7, 2019

U.S. stocks slide as central banks around the world cut rates and stoke fear that the U.S.-China trade war will damage global economic growth.

Firm to oversee administration of troubled Titanic shipyard

Aug 6, 2019

Belfast-based consultancy BDO Northern Ireland Partners says it will oversee the administration of the shipyard that built the Titanic after the firm ran out of money

Chemours CEO says company on firm financial footing

Aug 2, 2019

The CEO of Chemours says the chemical company is financially sound, despite a disappointing second quarter and a high-stakes lawsuit against former parent company DuPont

Toyota sees quarterly profit, sales rise, lowers forecast

Aug 2, 2019

Toyota has reported a nearly 4% increase in fiscal first quarter profit on improved sales, but the Japanese automaker slightly lowered its full year forecasts because of unfavorable currency exchange rates

Stocks slump after Trump raises tariffs on Chinese goods

Aug 1, 2019

Stocks dropped sharply, erasing a big gain, after President Donald Trump announced the U.S. will slap a new 10% tariff on some $300 billion worth of goods from China beginning next month

GM earnings rise 1% as pickup pricing overcomes weaker sales

Aug 1, 2019

General Motors' second quarter profit rose just over 1% as strong sales of high-priced pickups and SUVs overcame falling global sales

BMW profits drop on higher costs, spending for new tech

Aug 1, 2019

Luxury automaker BMW saw net profit fall 29% to 1.48 billion euros ($1.63 billion) in the second quarter as higher spending to develop new technologies and revamp factories weighed on the bottom line

Stocks slip on Wall Street over earnings, trade concerns

Jul 30, 2019

U.S. stocks are on track for modest losses Tuesday afternoon as a mixed batch of corporate earnings weigh on the market, nudging it farther from its recent record highs for the second straight day.

The Budget Report seeks to provide comprehensive coverage and analysis on the current economic, financial issues around the world. First hand finance and economic news all day, every day.