Global equity markets mostly rose on Thursday, propelled by Facebook’s stellar earnings and the Federal Reserve’s pledge to be patient in raising borrowing costs further, while U.S. bond yields fell on indications of weaker than expected inflation.
President Donald Trump expressed optimism about forging a comprehensive trade accord with China as high-level talks continued on Thursday, but said any arrangement that fails to open Chinese markets broadly to U.S. industry and agriculture would be unacceptable.
United Parcel Service Inc’s multi-billion-dollar effort to revamp its network helped it deliver better-than-expected profit in the crucial holiday fourth quarter, driving down costs as e-commerce deliveries surged to record levels.
The United States wants to steer people away from Huawei towards Western products, the U.S. envoy to the European Union said on Thursday, adding that there exists a great deal of classified evidence of security breaches by the Chinese telecoms gear provider.
Marlboro maker Altria Group Inc said on Thursday e-cigarette maker Juul Labs Inc posted more than $1 billion in revenue in 2018, up from about $200 million a year earlier, the first official growth figures for the controversial vaping product.
The United States wants to steer people away from Huawei towards Western products, the U.S. envoy to the European Union said on Thursday, adding that there exists a great deal of classified evidence of security breaches by the Chinese telecoms gear provider.
Royal Dutch Shell said on Thursday that crude trading boosted its fourth quarter profits to a four-year high even as oil prices collapsed.
Royal Dutch Shell said to would stick to spending discipline this year after 2018 profits jumped by more than a third to $21.4 billion, their highest since 2014.
The S&P 500 and the Nasdaq got a boost from Facebook Inc’s stellar earnings on Thursday, while the Dow was weighed down by a bunch of disappointing quarterly results as investors awaited the outcome of the U.S.-China trade talks.
U.S. President Donald Trump warned on Thursday that a trade deal with China would be unacceptable unless Beijing opened its markets to U.S. financial services, manufacturing, agriculture and other industries.
General Electric Co expects industrial revenue to rise by low to mid-single-digit percent this year, as gains at renewable energy, aviation and healthcare offset a decline in the power unit, Chief Executive Officer Larry Culp said on Thursday.
General Electric Co beat estimates for sales and cash flow in the fourth quarter and said it had reached a tentative deal to settle a subprime mortgage case with U.S. regulators, sending its shares sharply higher.
U.S. President Donald Trump expressed optimism on Thursday about high-level trade talks with Chinese officials in Washington but said no final deal would be made until he meets with Chinese President Xi Jinping in the near future.
OPEC oil supply has fallen in January by the largest amount in two years, a Reuters survey found, as Saudi Arabia and its Gulf allies over-delivered on the group’s supply-cutting pact while Iran, Libya and Venezuela registered involuntary declines.
U.S. private equity firm Blackstone Group LP said on Thursday it would buy a controlling stake in midstream energy company Tallgrass Energy LP for $3.3 billion.
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