Technology and industrial stocks led Wall Street higher on Thursday as some big deals and optimism about the earnings season helped offset fears about a U.S-China trade war.
Sky shares leapt to an 18-year high on Thursday as investors bet a transatlantic battle for the European pay-TV group had further to run, after Comcast’s $34 billion bid trumped an offer from Rupert Murdoch made just hours earlier.
Investment bank Goldman Sachs , the world’s biggest cablemaker Prysmian , Nexans and eight other cable companies on Thursday lost their challenge against a 302 million euros ($353 million) EU cartel fine.
President Trump says he believes in NATO, after extracting new defense spending commitments from US allies. But France is denying any deal was struck. Yahoo Finance’s Alexis Christoforous, Editor-in-Chief Andy Serwer and Jacob Parakilas of Chatham House discuss the implications of the President’s visit. …read more […]
Tesla Inc has delivered 200,000 electric cars in the United States, a spokesperson said on Thursday, resulting in lower tax credits for future buyers.
Oil prices steadied on Thursday after sharp losses the previous session as the International Energy Agency (IEA) said the world’s oil supply cushion “might be stretched to the limit” due to production losses.
Unions representing the majority of workers at Fiat Chrysler in Italy rejected a strike called by an independent labor group in protest against the huge sums of money spent by Italy’s Juventus soccer club to sign Cristiano Ronaldo.
U.S. stocks opened higher on Thursday, recovering from a selloff a day earlier as higher oil prices and merger activity helped offset fears of a Sino-U.S. trade war.
Many Procter & Gamble Co products sold in Canada – from Febreze candles to Gillette shaving foam – will be affected by retaliatory tariffs on U.S.-made goods after Canadian authorities rejected a request for exemptions, a P&G spokesman said on Wednesday.
Cargill Inc [CARG.UL] reported a quarterly profit on Thursday that more than doubled, boosted by higher demand for beef, even as the global commodities trader wrestled with worries over a trade war between the U.S. and China.
The three main U.S. indexes were set to open higher on Thursday as oil prices rose and a couple of big deals helped rekindle optimism and offset fears of a Sino-U.S. trade war.
U.S. consumer prices barely rose in June, but the underlying trend continued to point to a steady buildup of inflation pressures that could keep the Federal Reserve on a path of gradual interest rate increases.
Broadcom Inc’s surprise bid to buy software company CA Inc knocked $11 billion off the value of the chipmaker in trading before the bell on Wall Street on Thursday, with analysts struggling to find a clear rationale behind the deal.
Papa John’s founder John Schnatter has resigned as chairman of the pizza chain’s board. The company made the announcement late Wednesday, hours after Schnatter apologized for using a racial slur during a conference call in May. Schnatter, who has appeared in TV ads for the pizza chain, still owns about 30 percent of the company’s shares. Forbes reported that Schnatter used the N-word during a media training exercise. …read more […]
U.S. stock index futures bounced back on Thursday, from a drop a day earlier on renewed fears of a Sino-U.S. trade war, as oil prices rose and a couple of big deals helped rekindle optimism as the earnings season kicks off.
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