Shares of consumer staples companies are commonly seen as a safe harbor among U.S. equities but may be more susceptible to the fallout from tensions between the United States and its trading partners than other defensive sectors such as utilities and real estate.
U.S. Vice President Mike Pence said U.S.-Mexico talks would continue on Thursday, and reiterated President Donald Trump’s assessment that Mexico must do more to curb immigration at the border between the two nations.
U.S. stocks treaded water on Thursday as hopes of a rate cut helped counter fears of a further escalation in the trade war with China following comments from President Donald Trump.
The French government is open to tie-ups involving Renault as long as French industrial interests are protected, Finance Minister Bruno Le Maire said on Thursday.
Mexican President Andres Manuel Lopez Obrador said he hoped a deal could be struck with the United States on Thursday to resolve a migration dispute and avoid the Trump administration imposing trade tariffs on Mexico next week.
Mexican and U.S. officials are set to resume talks in Washington on Thursday aimed at heading off punitive tariffs on Mexican goods as President Donald Trump called for Mexico to take more action to curb migration at the southern U.S. border.
The U.S. trade deficit unexpectedly narrowed in April as imports of goods dropped to a 15-month low, which could support the economy as it slows after a temporary boost from exports and an accumulation of inventories early this year.
Alphabet Inc’s Google said on Thursday it would buy Looker, a big data analytics company, for $2.6 billion in cash.
Mexican and U.S. officials are set to resume talks in Washington on Thursday aimed at heading off punitive tariffs on Mexican goods after President Donald Trump said more needed to be done to curb migration at the southern U.S. border.
The U.S. trade deficit unexpectedly narrowed in April as imports of goods dropped to a 15-month low, offsetting an aircraft-led decline in exports.
The number of Americans filing applications for unemployment benefits was unchanged last week, suggesting the labor market remains on solid footing despite slowing economic activity.
Ford said it would close its plant in Bridgend, south Wales, next year because of falling demand for some if its engines, putting 1,700 jobs at risk in a further blow to Britain’s once booming car industry.
Deutsche Bahn is reviewing consultancy contracts granted to former managers without the knowledge of the state-owned railway operator’s supervisory board, three people familiar with the matter told Reuters on Thursday.
German bond yields fell to new lows on Thursday and U.S. treasury yields resumed their fall as renewed trade tensions doused a rally fueled by hopes for more central bank stimulus ahead of a European Central Bank meeting.
France sought to fend off a hail of criticism on Thursday after it was blamed for scuppering a $35 billion-plus merger between carmakers Fiat-Chrysler FCA and Renault only 10 days after it was officially announced.
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