The dollar rebounded and global equity markets pared losses on Thursday as efforts by China to smooth the path forward in U.S.-Sino trade talks helped sooth investor sentiment, though fears remained that a phase one deal might not occur until next year.
The dollar rebounded and global equity markets pared losses on Thursday as efforts by China to smooth the path forward in U.S.-Sino trade talks helped sooth investor sentiment, though fears remained that a phase one deal might not occur until next year. Yields on U.S. Treasury debt rose, snapping three sessions of declines, bolstered by China saying it was willing to work with the United States to resolve core trade concerns, which rekindled some hope for a bilateral deal. A Wall Street Journal report that said China had invited top U.S. trade negotiators for a new round of …read more […]
Macy’s Inc cut its annual profit forecast for the second time this year on Thursday, as the department store operator blamed weak international tourism, warm weather and sluggish mall traffic for the first drop in same-store sales in two years.
CEO Elon Musk is expected to reveal Tesla’s first electric pickup truck later today. Yahoo Finance’s Emily McCormick joins Akiko Fujita on The Ticker to discuss. …read more […]
Xerox Corp on Thursday threatened to take its $33.5 billion buyout bid for HP Inc hostile, if the personal computer maker did not agree to a “friendly” discussion and open its books before Nov. 25.
Charles Schwab is reportedly in talks to buy TD Ameritrade, according to multiple outlets. The deal could create a massive wealth manager with more than $5 trillion in combined assets. Yahoo Finance’s Akiko Fujita is joined by Brian Cheung to discuss on The Ticker. …read more […]
Boeing Co has settled more than half of some 118 claims related to the fatal crash of a Lion Air flight on a 737 MAX aircraft in October 2018, attorney Dan Webb said at a court hearing on Thursday.
Telefonica has signed a contract to use the so-called last-mile network of its U.S. rival AT&T in Mexico, the local chief executive of the Spanish telecommunications company said on Thursday. Telefonica Mexico CEO Camilo Aya said the deal with AT&T was not exclusive and that the Spanish company’s traffic would remain completely separate from that of its U.S. competitor. Both companies compete in Mexico with America Movil, the company controlled by billionaire Carlos Slim, which has long dominated the telephone market in Latin America’s no. 2 economy. …read more […]
WeWork said on Thursday it is laying off around 2,400 employees globally, as the office-sharing company seeks to drastically cut costs and stabilize its business after it transformed from a Wall Street darling into a pariah in a matter of weeks.
Saudi Aramco’s initial public offering (IPO) has attracted approximately 73 billion riyals ($19.47 billion) in institutional and retail orders so far, Saudi Arabia’s Samba Financial Group said on Thursday.
U.S. Transportation Secretary Elaine Chao on Thursday granted final approval for an expanded trans-Atlantic joint venture for Delta Air Lines Inc , Air France KLM SA and Virgin Atlantic.
A possible purchase by brokerage giant Charles Schwab Corp. of rival TD Ameritrade reflects a more relaxed mood under Trump administration regulators, which has helped unleash other big-ticket takeovers in the financial sector, analysts said.
A possible purchase by brokerage giant Charles Schwab Corp. of rival TD Ameritrade reflects a more relaxed mood under Trump administration regulators, which has helped unleash other big-ticket takeovers in the financial sector, analysts said. CNBC and Fox Business reported on Wednesday that the two brokerages were in talks to ink a merger that Fox said could be valued at $26 billion. Regulatory filings show the U.S. Federal Reserve has partial oversight over both firms and may need to approve the deal, depending on how it is structured. …read more […]
President Trump and Apple CEO Tim Cook toured a Texas computer factory in Austin, Texas on Wednesday. During the visit, the President incorrectly stated he opened the plant, which has been making Apple computers since 2013. Yahoo Finance’s Zack Guzman and Kristin Myers discuss with Payne Capital Management’s Courtney Dominguez on YFi PM. …read more […]
Apple Inc and Intel Corp on Wednesday filed an antitrust lawsuit against Fortress Investment Group, alleging the SoftBank Group Corp unit stockpiled patents to hold up tech firms with lawsuits demanding as much as $5.1 billion.
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