The number of Americans filing for unemployment benefits unexpectedly fell last week, hitting its lowest level in more than 48-1/2 years, as the labor market continues to strengthen.
** Shares of Twenty-First Century Fox and UK’s Sky dip after Comcast says abandons bid for Fox assets
The dollar climbed to a one-year high but stocks wobbled and metal markets buckled badly on Thursday, as signs that China was resorting to credit-fuelled stimulus again helped drive down its currency.
Comcast Corp has dropped its pursuit of a group of media assets owned by Twenty-First Century Fox Inc on which it was bidding against Walt Disney , and instead focus on its offer for European pay-TV group Sky Plc .
Wall Street was set to open lower on Thursday after eBay and American Express reported disappointing results and trade tensions rose on news the European Union may retaliate if United States slaps tariffs on EU cars.
The number of Americans filing for unemployment benefits unexpectedly fell last week, hitting its lowest level in more than 48-1/2 years, as the labor market continues to strengthen.
The number of Americans filing for unemployment benefits unexpectedly fell last week, hitting its lowest level in more than 48-1/2 years, as the labor market continues to strengthen.
Boeing Co said on Thursday it had won 528 new orders and commmitments at the Farnborough Airshow this week, buoyed by demand for freighters as air cargo markets rebound.
The dollar stayed strong but stocks wobbled and metal markets buckled badly on Thursday, as signs that China was resorting to credit-fuelled stimulus again helped drive its currency to a one-year low.
White House trade adviser Peter Navarro told CNBC on Thursday that U.S. President Donald Trump’s trade strategy with China, which includes levying new tariffs that have sparked a trade clash, is not as disruptive as many describe.
Disappointing earnings from eBay and American Express pushed U.S. stock index futures lower on Thursday, while trade tensions rose on news the European Union is preparing to retaliate if United States slaps tariffs on EU cars.
On a per-share basis, the New York-based company said it had net income of $1.41. The results surpassed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research … …read more […]
Blackstone Group LP , the largest manager of alternative assets such as private equity and real estate, said on Thursday second-quarter earnings per share rose 55 percent from one year ago.
White House trade adviser Peter Navarro on Thursday told CNBC that U.S. President Donald Trump’s trade strategy with China, which includes levying new tariffs that have sparked concerns of a trade war, is not as disruptive as many describe.
The European Union’s trade commissioner said on Thursday she hopes an EU mission to Washington will ease a transatlantic trade dispute but the bloc is preparing a list of U.S. imports to hit if the United States imposes tariffs on EU cars.
Copyright 1997-2019 Wall Street Reporter / Octagon Media Corp.
