Oil prices fell about 3 percent on Thursday, hitting their lowest in more than a year on worries about oversupply and the outlook for energy demand as a U.S. interest rate rise knocked stock markets.
The number of Americans filing applications for jobless benefits rose marginally from near a 49-year low last week, suggesting underlying strength in the labor market and broader economy.
Walgreens Boots Alliance Inc said on Thursday it would consolidate warehouses and shut some stores as part of a cost-cutting plan aimed at saving more than $1 billion annually.
Apple Inc said it would pull some iPhone models from its German stores after a court there ruled on Thursday that Apple infringed a hardware patent of Qualcomm Inc and could no longer sell some models in Germany that contain a particular component.
World equity markets continued a weeklong slide on Thursday amid investor concerns after the U.S. Federal Reserve indicated it was set on its interest rate-hiking path next year even amid signs global economic growth is stuttering.
U.S. stocks slipped on Thursday, continuing their declines from a day earlier, as a batch of disappointing earnings reports added to the gloom after the Federal Reserve quashed hopes of a toned-down approach to its interest-rate hike trajectory.
U.S. oil major ExxonMobil has withdrawn its WCC liquefied natural gas (LNG) export project in Canada from an environmental assessment, it said on Thursday, effectively signaling that the project has been shelved.
A Tokyo court unexpectedly ruled not to extend the detention of Nissan’s ex-chairman Carlos Ghosn on Thursday, meaning he may soon be released from jail where he has been since last month facing allegations of financial misconduct.
Oil prices fell more than 4 percent on Thursday, hitting their lowest in more than a year on worries about oversupply and the outlook for energy demand as a U.S. interest rate rise knocked stock markets.
U.S. stocks fell at open on Thursday, extending losses from the previous session after the Federal Reserve’s forecast of fewer interest rate increases in 2019 fell short of investors’ hopes of a more dovish monetary policy.
U.S. stock futures gave up slim early gains to trade lower on Thursday, a day after the Federal Reserve’s forecast of fewer interest rate increases in 2019 fell short of investors’ hopes of a more dovish monetary policy.
A German court ruled on Thursday that iPhone maker Apple Inc infringed a hardware patent of Qualcomm Inc and said the U.S. company could no longer sell some iPhone models in Germany which contain a particular component.
Spooked by another worldwide stocks selloff, global investors have piled up cash to a more than two-year high this month, hoovered up bonds and cut back property holdings.
WASHINGTON (Reuters – The number of Americans filing applications for jobless benefits rose marginally from near a 49-year low last week, suggesting underlying strength in the labor market and broader economy.
A Tokyo court upheld a decision not to extend the detention of former Nissan Motor Chairman Carlos Ghosn and former Representative Director Greg Kelly, public broadcaster NHK said on Thursday, a move that brings them closer to a release on bail.
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