Business & Finance News
U.S. stocks rose on Thursday on hopes that top-level U.S.-China trade talks would yield at least a partial deal, while a rise in Apple’s shares also boosted the market.
General Motors Chief Executive Mary Barra met with senior United Auto Workers officials to discuss the No. 1 U.S. automaker’s most recent proposal to end a more than three-week-old strike that has cost it over $1 billion, a union spokesman said on Thursday.
The U.S. Federal Reserve on Thursday unveiled a final package of rules easing capital and liquidity requirements for domestic U.S. and foreign banks that were originally introduced following the 2007-2009 global financial crisis.
U.S. stocks rose on Thursday on hopes that top-level U.S.-China trade talks would yield at least a partial deal, while a rise in Apple’s shares also boosted the market.
London Stock Exchange has given assurances to Italy that it plans to continue investing in its Italian trading platforms and does not intend to move them out of the country, a Bank of Italy source said on Thursday.
General Motors Chief Executive Mary Barra met personally with senior United Auto Workers officials to discuss the No. 1 U.S. automaker’s most recent proposal to end a more than three-week-old strike that has cost it over $1 billion in lost profits, a union spokesman said on Thursday.
Apple Inc Chief Executive Tim Cook on Thursday defended the iPhone maker’s decision to remove from its app store a police-tracking app used by protesters in Hong Kong, according to a copy of a letter to employees seen by Reuters and confirmed by Apple.
A U.S. bankruptcy judge on Thursday urged parties that will benefit from a proposed settlement with OxyContin maker Purdue Pharma LP to focus on addressing the opioid addiction crisis and avoid battling over the deal’s billions of dollars.
Apple Inc Chief Executive Tim Cook on Thursday defended the iPhone maker’s decision to remove a police-tracking app used by protesters in Hong Kong from its App Store, according to a copy of the letter seen by Reuters and confirmed by Apple.
London Stock Exchange has given assurances to Italy that it plans to continue investing in its Italian trading platforms and does not intend to move them out of the country, a Bank of Italy source told Reuters on Thursday.
The ebb and flow of trade tensions between the United States and China has roiled financial markets for months, and with the December deadline for higher U.S. tariffs on Chinese goods approaching fast no asset class is immune to trade-related risks.
Chinese and U.S. officials are negotiating this week in Washington to try to end a debilitating 15-month trade war, with talks set to culminate on Friday when the head of Beijing’s delegation meets U.S. President Donald Trump at the White House.
The U.S. Federal Reserve on Thursday unveiled a final package of rules easing capital and liquidity requirements for domestic U.S. and foreign banks that were originally introduced following the 2007-2009 global financial crisis.
German fashion house Hugo Boss cut its 2019 earnings forecast again, citing weak demand in the United States and Hong Kong, and reported third quarter results that were below its expectations.
Waving a placard on the picket line outside a General Motors Co truck plant in Flint, Michigan, Robert Bacon says he has no money to spend. His $250-a-week strike pay barely covers his food and gas.
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