World stock markets rose and the euro climbed to a three-week peak on Friday as the threat of tariffs by the United States and China on billions of dollars of trade became a reality, though concerns about the conflict escalating capped the appetite for risk.
Venezuela’s domestic airline industry is struggling to maintain operations due to hyperinflation and shortages of spare parts, according to an industry association, making it increasingly hard to obtain tickets and causing chronic flight delays.
Apple (AAPL) is likely to discontinue using Intel’s modems in the near future, with the call off of its 5G modems in 2020 iPhones. …read more […]
U.S. stocks edged higher on Friday on stronger-than-expected job growth in June, offsetting concerns from a trade war between the United States and China.
The dollar hit three-week lows on Friday after data showed the U.S. economy created more jobs than expected in June, but a closely-watched inflation gauge – wage growth – rose less than forecast and the unemployment rate increased.
The German government dismissed a report that it had privately raised concerns about Deutsche Bank , while JPMorgan denied it was interested in a stake in Germany’s biggest lender.
U.S. investment bank JPMorgan denied a report on Friday in Germany’s WirtschaftsWoche business weekly that it was interested in acquiring a stake in Deutsche Bank .
Thyssenkrupp will take its time to find a new boss after accepting Chief Executive Heinrich Hiesinger’s resignation, a move which clears the way for a radical restructuring of the German industrial group.
U.S. job growth increased more than expected in June as manufacturers stepped up hiring, but steady wage gains pointed to moderate inflation pressures that should keep the Federal Reserve on a path of gradual interest rate increases.
A stronger-than-expected U.S. job growth in June helped stock index futures on Friday pull back from slight declines that were triggered by United States and China slapping tit-for-tat duties on $34 billion worth of each other’s imports.
The United States and China slapped tit-for-tat duties on $34 billion worth of each other’s imports on Friday, with Beijing accusing Washington of triggering the “largest-scale trade war” as the world’s two biggest economies sharply escalated their conflict.
The United States and China slapped tit-for-tat duties on $34 billion worth of each other’s imports on Friday, with Beijing accusing Washington of triggering the “largest-scale trade war” as the world’s two biggest economies sharply escalated their conflict.
Thyssenkrupp said on Friday its supervisory board had agreed to Chief Executive Heinrich Hiesinger’s request to terminate his contract.
U.S. stock index futures pared losses to trade slightly higher on Friday after data showed U.S. job growth increased more than expected in June as manufacturers stepped up hiring, while steady wage gains pointed to moderate inflation pressures.
Since March 2018, U.S. stock markets have been facing severe volatility primarily due to imposition of various tariffs by the U.S. government and related trade conflict. …read more […]
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