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APPAREL STORE OPENS TODAY

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  • Focus turns to U.S. data as China slowdown looms
    After a dizzying two weeks that saw a rapid plunge and rebound in equity prices, investors are looking forward to a week of economic data that may provide clarity on the likelihood of a near-term U.S. interest rate hike and help tamp down the market's recent wild swings. The economic figures will culminate in Friday?s jobs report that should reveal more about the strength of the U.S. economy. Car sales, construction spending, the Federal Reserve's "beige book" and jobs growth may show the economy is strong enough to withstand the first rate hike in nearly a decade from the Federal Reserve, despite worries about a hard landing for China?s economy.
  • Buffett's Berkshire takes $4.48 billion stake in Phillips 66
    The 57.98 million-share, or roughly 10.8 percent, stake was revealed in a Friday night filing with the U.S. Securities and Exchange Commission. Phillips 66 shares closed Friday at $77.23. Berkshire once held a large stake in the Houston-based company, but shed nearly two-thirds of it in February 2014 when it swapped $1.35 billion of shares for a chemicals business that it folded into its Lubrizol unit.
  • 'Good reason to believe' U.S. inflation will rise: Fed's Fischer
    U.S. inflation will likely rise as the dollar and other influences fade, and the Federal Reserve can probably raise rates gradually, Vice Chairman Stanley Fischer said on Saturday. "Given the apparent ...

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