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 […]
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.
U.S. stock index futures dipped on Friday after the United States and China slapped tit-for-tat duties on $34 billion worth of each other’s imports, triggering what Beijing called the “largest-scale trade war.”
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.
Oil slipped below $77 a barrel on Friday, under pressure from higher Saudi production and trade tensions between the United States and China, despite support from oil supply disruptions.
The dollar fell on Friday as the United States and China slapped tariffs on the other’s imports, but a muted reaction in currency markets suggested the escalation had largely been priced in by investors focusing on a U.S. jobs report due later in the day.
Airbus said on Friday it was optimistic it could sign a first export contract for its troubled multi-nation A400M military transport plane this year, and expressed growing confidence about prospects for European defense cooperation.
Rite Aid (RAD) gathers momentum on pending merger with Albertsons, the sale of assets to Walgreens, lesser debt burden and a robust outlook. …read more […]
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