Business & Finance News
The number of Americans filing applications for unemployment benefits fell more than expected last week, pointing to underlying labor market strength despite a sharp slowdown in job growth in May.
World stock markets surged on Thursday, with the U.S. benchmark S&P 500 hitting a record high, while the 10-year U.S. Treasury yield fell below 2% as investors digested a signal from the Federal Reserve of potential U.S. interest rate cuts as soon as its next meeting.
Following is a summary of commercial aircraft deals announced by Airbus and Boeing at the Paris Airshow.
JetBlue Airways plans to order 13 of Airbus’s newly launched A321XLR longer-range single-aisle jetliners as well as 10 more of the smaller A220, industry sources said on Thursday.
Goldman Sachs on Thursday cut its price target on Tesla Inc by 21%, to third lowest on the Street, on concerns about the sustainability of demand for the electric car maker’s models.
Apple Inc said proposed U.S. tariffs on goods from China, including iPhones, iPads, and Macs, will reduce the company’s contributions to the U.S. economy and hurt its global competitiveness.
French carmaker Renault, which is looking to preserve and strengthen its alliance with Nissan, said it would vote in favor of a move by Nissan to grant Renault’s representatives a seat on the committees of the Nissan board.
Kroger Co fell short of Wall Street estimates for quarterly same store sales on Thursday as fierce competition from Walmart Inc and Amazon.com Inc worked against the billions the supermarket chain has spent improving stores and its online offering.
Oil rose more than 3% toward $64 a barrel on Thursday after Iran shot down a U.S. military drone, raising fears of a military confrontation between Tehran and Washington.
The S&P 500 hit a record intraday high soon after the market opened on Thursday as investors took comfort from signs that the Federal Reserve could cut interest rates as soon as next month to counter growing risks to global and domestic growth.
When Karan Mehrotra booked a flight from Delhi to Guwahati, he did not go to a travel agent or an airline website.
The number of Americans filing applications for unemployment benefits fell more than expected last week, pointing to underlying labor market strength despite a sharp slowdown in job growth in May.
Airbus called on Thursday for a chance to compete for a blockbuster plane order by British Airways owner IAG which stunned industry executives at this week’s Paris Airshow by ordering 200 of Boeing’s grounded 737 MAX.
World stock markets rose on Thursday after the U.S. Federal Reserve signaled it was likely to cut interest rates next month. The dollar fell and benchmark bond yields dropped to multi-year lows.
U.S. stock index futures jumped on Thursday after the Federal Reserve indicated that it was ready to cut interest rates as soon as next month to counter growing risks to global and domestic growth.
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