U.S. stocks rose on Thursday, helped by high-flying shares of Apple and Amazon, as well as the Federal Reserve’s confidence in the strength of the economy as it raised rates for the third time this year.
Lockheed Martin Corp’s aeronautics unit said on Thursday an important processor of its F-35 fighter jet will be built by Harris Corp , reducing the device’s cost by 75 percent.
Unions accused furniture retailer IKEA on Thursday of undermining workers’ rights in the United States, Ireland and Portugal, and asked the Dutch government to mediate.
Volkswagen is prepared to agree to a compromise on hardware retrofits for diesel vehicles and to offer further incentives for drivers to swap some older diesel vehicles for newer ones, a person familiar with the matter said.
U.S. stocks gained on Thursday, boosted by high-flying shares of Apple and Amazon, and the Federal Reserve’s confidence in the strength of the economy as it raised rates for the third time this year.
Canada’s Prime Minister Justin Trudeau on Thursday dismissed U.S. President Donald Trump’s criticism of the slow pace of talks to modernize the North American Free Trade Agreement, saying Canadians were tough negotiators.
Shares in H&M jumped more than 10 percent on Thursday after sales turned the corner in many of its markets as new collections proved popular and the fashion group said it would not need more price cuts to shift unsold clothing.
Oil edged higher on Thursday, driven by the prospect of a shortfall in global supply once U.S. sanctions against major crude exporter Iran come into force in just five weeks’ time.
Accenture Plc’s profit forecast for the year fell short of estimates, overshadowing better-than-expected fourth-quarter revenue and profit and sending its shares down about 2 percent.
Several large Chinese companies, including tech giant Alibaba , are actively looking at opportunities in Turkey and have met with Turkish firms after the lira’s sell-off has made local assets cheaper, sources familiar with the talks said.
Petróleo Brasileiro SA will pay an $853.2 million fine to settle U.S. criminal charges the Brazilian state-run oil company bribed politicians and then sought to conceal the payments, the Justice Department said on Thursday.
U.S. stocks opened higher on Thursday, boosted by gains in shares of high-flying companies such as Apple and Amazon, and as the Federal Reserve ended an era of “accommodative” monetary policy.
New orders for key U.S.-made capital goods fell in August after four straight months of strong gains, while shipments barely rose, but that will probably not change expectations of solid growth in business spending on equipment in the third quarter.
U.S. auto sales in September likely fell 6 percent from the same month last year as dealerships felt the mixed impact of hurricanes both this year and in 2017, industry consultants J.D. Power and LMC Automotive said on Thursday.
Oil prices rose by nearly 1 percent on Thursday, driven by the prospect of a shortfall in global supply once U.S. sanctions against major crude exporter Iran come into force in just five weeks’ time.
Copyright 1997-2019 Wall Street Reporter / Octagon Media Corp.
