Business & Finance News
U.S. crude futures were slightly lower on Thursday, drawing some support from the stock market after earlier touching nearly two-month lows on weak economic data.
U.S. tariffs on European goods have plunged Britain into a trade war between the European Union and United States just as it plans to leave the 28-nation bloc, infuriating Scotch whisky makers and handing it a dilemma over thousands of Airbus jobs.
European cheese makers complained on Thursday of being held “hostage” in a transatlantic trade battle that had nothing to do with them after the United States slapped 25% tariffs on the sector in retaliation for state aid to aerospace group Airbus.
The implosion of office space company WeWork this week is being digested as a lesson for Silicon Valley startups – in what not to do.
Wall Street climbed on Thursday after data showing services-sector activity at a three-year low fueled expectations that the Federal Reserve would cut interest rates to stem a wider economic downturn.
The U.S. Federal Trade Commission has ordered a half-dozen e-cigarette companies to turn over sales and advertising data, the federal regulator said on Thursday, in the first sign of a likely probe into their marketing practices.
U.S. services sector activity slowed to a three-year low in September amid rising concerns about tariffs, suggesting that trade tensions were spilling over to the broader economy.
The U.S. Trade Representative’s office has told industry it will not offer a grace period for goods that are still in transit when new tariffs on European Union imports take effect Oct. 18, the Cheese Importers Association of America said on Thursday.
Wall Street’s main indexes rose in volatile trading on Thursday as U.S. services sector activity slowed to a three-year low, fueling hopes of further easing in monetary policy by the Federal Reserve to stem a wider economic downturn.
Tesla’s stock dropped 6% on Thursday after the electric car maker’s quarterly deliveries underwhelmed investors already concerned about slowing revenue growth and ongoing losses.
Constellation Brands Inc racked up millions of dollars in losses from its investment in Canadian pot company Canopy Growth, pushing the maker of Corona and Modelo beers into a quarterly loss and sending its shares down as much as 8%.
Apple’s chief executive Tim Cook said on Thursday he was a “supporter” of immigration and was against any ceiling on the hiring of qualified migrants.
Facebook Inc said on Thursday it was launching a separate camera-first messaging app, “Threads”, for it’s photo-sharing platform Instagram, another blow in the company’s social media war with smaller rival Snapchat.
The U.S. Commerce Department said in preliminary determination on Thursday that China was dumping wooden cabinets in the United States at margins ranging from 4.49 to 262.18 percent.
The U.S. decision to impose tariffs on French wines will penalize American consumers who will see a sharp rise in prices while severely hurting French producers on their largest export market, exporters said on Thursday.
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