The U.S. banking sector recorded $59.1 billion in profits in the fourth quarter of 2018, down slightly from the third quarter’s record level but still up significantly from the prior year, according to data from the Federal Deposit Insurance Corporation.
AT&T Inc said on Thursday it has removed its advertising from Alphabet Inc’s YouTube once again, following growing concerns the platform had displayed ads next to video content that showed the exploitation of children.
A Nike Inc sneaker worn by a college basketball superstar split in half less than a minute into a highly anticipated game between Duke University and North Carolina, prompting an outcry on social media as the company sought to figure out what caused the malfunction.
United Continental Holdings is applying for six of 12 new slots open to U.S. carriers at Tokyo’s Haneda International Airport in a push to increase daily nonstop flights to the Japanese capital ahead of the 2020 Olympic Games and beyond.
U.S. stocks edged lower on Thursday after a recent run of gains, pressured by weak economic data and a drop in healthcare shares, while investors kept a close watch on U.S.-China trade talks.
New orders for key U.S.-made capital goods unexpectedly fell in December amid declining demand for machinery and primary metals, pointing to a sustained slowdown in business spending on equipment that could further crimp economic growth.
Influential U.S. magazine Consumer Reports on Thursday turned up the pressure on automakers to include automatic emergency braking (AEB) as standard on new U.S. models by withholding its 2019 annual top vehicle picks from best-selling brands like General Motors Co’s Chevrolet.
Oil prices fell below 2019 highs on Thursday after U.S. government data showed a fifth weekly build in crude inventories and record production, while concerns about slowing global economic growth weighed.
Wall Street stocks fell on Thursday due to a deteriorating economic outlook that was only partially offset by signs of trade progress between China and the United States, while gold and oil prices retreated from their recent peaks.
Sainsbury’s planned 7.3 billion pound ($9.5 billion) takeover of Walmart’s Asda can only be salvaged if Britain’s competition regulator fundamentally changes its analysis of Britain’s grocery market, experts said on Thursday.
Ariane 6, Europe’s next-generation space rocket, is expected to win its first two commercial launch orders in coming weeks, company officials said, a key milestone as the European launcher vies for orders against Elon Musk’s U.S. competitor SpaceX.
The city of Philadelphia has filed an antitrust lawsuit accusing seven major banks of conspiring to inflate interest rates for a type of bond used by cities, towns and other public entities, costing them potentially billions of dollars.
President Andres Manuel Lopez Obrador said on Thursday Mexico will not offer more oil joint ventures between private companies and state energy company Pemex indefinitely, raising doubts about auctions set for October.
Oil prices eased off 2019 highs on Thursday ahead of U.S. government data that was expected to show a fifth weekly build in crude inventories, while concerns about slowing global economic growth weighed.
Wholesale prices for lab-grown diamonds have fallen by up to 60 percent since De Beers began selling synthetic stones for jewelry in September, CEO Bruce Cleaver said on Thursday, adding margins for the sector would continue to fall.
Copyright 1997-2019 Wall Street Reporter / Octagon Media Corp.
