Business & Finance News
Walmart Inc will restart a service that offers the delivery of groceries directly to shoppers’ refrigerators – part of its attempts to find unconventional ways to offer cheap and rapid delivery of online orders.
U.S. job growth likely increased solidly in May, with wage gains expected to pick up, showing strength in the labor market before an escalation in trade tensions that analysts have cautioned could pressure an already slowing economy.
Toyota Motor Corp will tie up with leading Chinese battery maker Contemporary Amperex Technology Co Ltd (CATL), in a move to accelerate the electrification of its products, the Nikkei newspaper said on Friday.
Huawei Chief Financial Officer Meng Wanzhou will challenge her extradition to the United States on fraud charges at hearings set to begin Jan. 20, 2020, court records showed, after her legal team appeared before a Canadian judge.
Apple supplier Foxconn is planning to overhaul its management structure to get more senior executives involved in the running of its daily operations, a person with direct knowledge of the matter told Reuters.
Asian share markets dithered on Friday as investors waited for concrete signs of progress in the U.S.-Mexican trade standoff, while bracing for a U.S. jobs report that could sway the course of interest rates there.
Mexico will deploy its national guard to its southern border with Guatemala, the Mexican foreign minister said on Thursday, as part of the country’s bid to stem Central American migration that has drawn U.S. President Donald Trump’s ire.
Beyond Meat Inc said it expects to more than double its revenue this year, sending the plant-based burger maker’s shares up over 21 percent.
Wall Street’s main indexes closed higher after a choppy session on Thursday as investors grew more optimistic on trade after reports that the United States is considering a delay in imposing tariffs on Mexican imports.
Mexican and U.S. officials resumed talks on trade and migration on Thursday, with markets rebounding on reports that a deal could be close, although it was unclear if Mexican pledges to curb migration flows were enough to stop tariffs on Mexican goods going ahead.
Vice President Mike Pence said on Thursday he was encouraged that Mexican officials were willing to do more to curb migration flows to the United States but it was up to President Donald Trump to decide if they went far enough to avert threatened tariffs.
In talks with the United States, Mexico has offered to send up to 6,000 members of its national guard to secure its southern border with Guatemala in order to contain migrant flows, according to two people with knowledge of the matter.
The White House is standing firm on its position that Mexico must make take significant new steps to halt the surge of Central American migrants by Monday, or face tariffs on its exports to the United States, spokeswoman Sarah Sanders said on Thursday.
The attorneys general of Arizona, Michigan and Pennsylvania have joined a group of states probing T-Mobile’s plan to buy rival Sprint for $26 billion, which is believed to be nearing the end of a regulatory review.
Lawyers for Huawei Chief Financial Officer Meng Wanzhou will bring a motion to challenge her extradition to the United States in January 2020, the company said in a statement on Thursday after her legal team appeared in a Canadian court to set future court dates.
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