Business News
Fed’s Harker says does not see case for additional stimulus: CNBC
Philadelphia Federal Reserve Bank President Patrick Harker said on Thursday that he does not see the case for additional stimulus.
Year: 2019
Business News
Ford names new president for China joint venture to deepen alliance amid falling sales
Ford Motor Co on Thursday named Steven Armstrong president of the Changan Ford joint venture in China to deepen the alliance and push for more models, as the U.S. carmaker tries to stem a decline in sales in the world’s second largest economy.
Business News
China blames Canada for difficulties in relationship, demands Huawei executive be freed
China’s embassy in Canada said on Thursday that bilateral ties were suffering “gross difficulties,” and demanded Ottawa free Huawei Technologies Co Ltd Chief Financial Officer Meng Wanzhou.
Business News
Pompeo says his U.S. team is focused on gaining release of Canadians in China
U.S. Secretary of State Mike Pompeo, during a meeting with Canadian Prime Minister Justin Trudeau in Ottawa, said his team is working on getting two Canadian men being held in China released.
Business News
Wall Street gains as retail earnings highlight consumer confidence
U.S. stocks rose broadly on Thursday as strong results from retailers bolstered confidence in consumer demand, while investors look ahead to Federal Reserve Chief Jerome Powell’s speech for more clues on future interest rate moves.
Business News
Volkswagen not interested in buying Tesla stake
Volkswagen said on Thursday it was not interested in taking a stake in Tesla , denying a media report that CEO Herbert Diess wanted to buy shares in the U.S. company to access its software and batteries technology.
Business News
Wall Street opens higher on strong retail earnings
U.S. stocks opened higher on Thursday, as strong results from retailers including Nordstrom reinforced confidence in consumer demand, while investors look ahead to Fed Chief Jerome Powell’s speech for more clues on future interest rate moves.
Business News
Mediaset files complaint against Vivendi with Italy watchdog
Mediaset has filed a complaint with Italy’s market watchdog, accusing shareholder Vivendi of leaking information with a view to scuppering its corporate restructuring plans, the Italian broadcaster said on Thursday.
Business News
Volkswagen says it is not interested in buying a Tesla stake
Volkswagen on Thursday denied a media report which suggested that the German carmaker was interested in buying a stake in United States electric car manufacturer Tesla.
Business News
As U.S. watchdog retreats, mortgage firms reprise cozy marketing arrangements
U.S. mortgage firms are getting back into joint marketing and advertising arrangements, reviving a controversial practice that was effectively banned in the aftermath of the 2007-2008 subprime mortgage crisis.
Trading Ideas
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Business News
Stock futures edge higher as retail earnings highlight consumer confidence
U.S. stock index futures stabilized on Thursday as strong results from retailers bolstered confidence in consumer demand, while investors look ahead to Fed Chief Jerome Powell’s speech for more clues on future interest rate moves.
Business News
Volkswagen CEO wants a stake in Tesla: Manager Magazin
Volkswagen CEO Herbert Diess wants to take a stake in Tesla to access the U.S. company’s software and batteries technology, German business publication Manager Magazin reported on Thursday.
Business News
U.S. jobless claims fall in sign of labor market strength
The number of Americans filing applications for unemployment benefits fell sharply last week, suggesting the labor market was holding firm despite a manufacturing slowdown and concerns the economy is on a path toward recession.
Business News
Factbox: Walmart and Tesla fought in private long before solar lawsuit
Walmart Inc has sued Tesla Inc , accusing it of “years of gross negligence and failure to live up to industry standards” that led to several fires at its stores with Tesla solar systems.