The S&P 500 and Dow industrials ended slightly negative but well above their session lows in volatile trading on Thursday as the arrest of a Chinese technology executive fanned fears of U.S-China tensions over trade, while some beaten-up big technology and internet shares posted gains.
General Motors Chief Executive Mary Barra came under harsh criticism from members of Congress from Michigan on Thursday for building a new vehicle in Mexico while ending production at five North American assembly plants and cutting nearly 15,000 jobs.
The U.S. Defense Department on Thursday awarded a $450 million contract to Northrop Grumman Corp to produce the Joint Threat Emitter, a mobile air defense threat simulator, as well as support equipment, testing and training.
Chevron Corp , the second largest U.S.-based oil producer, is budgeting $20 billion for capital projects next year, the company said on Thursday.
The largest oil field in the United States holds as much as 49 years worth of oil at current production rates, according to data from a report released on Thursday by the U.S. Geological Survey (USGS).
Stock markets around the world sank on Thursday as the arrest of a top Chinese technology executive threatened to strain an already brittle U.S.-China trade relationship, while oil prices fell after OPEC delayed an output decision.
Oil fell nearly 3 percent in choppy trading on Thursday after OPEC and its allies ended a meeting without announcing a decision to cut crude output, and prepared to debate the matter the next day.
Broadcom Inc on Thursday reported fourth-quarter revenue and profit above analysts’ estimates, driven by strong demand for its enterprise storage and networking products, sending its shares up 6 percent in extended trading.
Canadian Prime Minister Justin Trudeau on Thursday said his government had no involvement in the arrest of a top executive from Chinese technology giant Huawei, who was detained at Vancouver airport.
Qualcomm Inc , the biggest supplier of chips for mobile phones, on Thursday pushed further into the PC market with a line of chips designed to power business machines.
A Brazilian federal court on Thursday granted an injunction blocking the proposed tie-up between planemakers Boeing Co and Embraer SA , according to a court document seen by Reuters.
Ride-hailing company Lyft Inc beat bigger rival Uber Technologies in filing for an initial public offering (IPO) on Thursday, defying the market jitters that threaten to upset a string of technology unicorns from going public next year.
Stock markets around world slid on Thursday as the arrest of a top Chinese technology executive cast further shadows on U.S.-China trade relations, while oil prices sank after OPEC delayed an output decision.
A Brazilian federal court on Thursday granted an injunction blocking the proposed tie-up between planemakers Boeing Co and Embraer SA , according to a court document seen by Reuters.
U.S. stocks fell on Thursday as the arrest of a top Chinese technology executive stirred fears of fresh tensions between the United States and China over trade, although Wall Street’s main indexes reduced steep losses from earlier in the session.
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