Business & Finance News
Bayer AG is confident its appeals of recent court rulings that its glyphosate weed killer Roundup caused cancer will be successful, a senior executive said on Thursday, amid a steep selloff of the company’s shares this week.
Some executives from U.S. companies that sell clothing, food and other products warn that costs related to the latest round of tariffs on goods from China will be passed along to consumers in the form of higher prices.
World stock markets were buoyed by deal-making news and solid earnings from Dow components Cisco and Walmart on Thursday while strong economic data pushed U.S. bond yields higher even as investors struggled to make sense of the latest developments in global trade relations.
The Federal Reserve should allow labor markets to strengthen further and only raise interest rates if wages start to rise so fast that they signal suddenly higher inflation, Minneapolis Fed President Neel Kashkari said Thursday.
Five U.S. states on Thursday filed lawsuits accusing Purdue Pharma LP of illegally marketing and selling opioids, escalating the wave of litigation over a nationwide abuse epidemic.
U.S. Commerce Secretary Wilbur Ross said on Thursday that an order blacklisting Chinese telecoms giant Huawei Technologies Co Ltd will go into effect on Friday.
Huawei Technologies said on Thursday it will challenge a decision by the U.S. Commerce Department to add the Chinese company to a export blacklist, warning the decision “will do significant economic harm to the American companies with which Huawei does business.”
Oil prices jumped 2% on Thursday as tensions in the Middle East grew, with a Saudi-led coalition launching air strikes in retaliation for recent attacks on its oil infrastructure.
Huawei Technologies said on Thursday it will challenge a decision by the U.S. Commerce Department to add the Chinese company and 70 affiliates to a export blacklist, warning the decision “will do significant economic harm to the American companies with which Huawei does business.”
Huawei said on Thursday that it would seek ways to resolve the issue after the U.S. Commerce department blacklisted the Chinese telecoms equipment maker the previous day.
The Trump administration’s decision to sanction and potentially cripple Chinese telecoms giant Huawei Technologies Co Ltd garnered a sharp rebuke on Thursday from Beijing, which warned that the move could damage trade talks.
Deutsche Bank investors are renewing calls for it to scale back its investment bank division ahead of what promises to be a challenging annual shareholder meeting next week.
Low U.S. inflation expectations are sapping the Federal Reserve’s ability to respond to a future downturn, Minneapolis Fed President Neel Kashkari said Thursday, calling for the Fed to allow inflation to rise above 2% to bring the economy back to full strength.
World stock markets and U.S. benchmark bond yields gained on Thursday following strong economic data as investors assessed the latest developments in global trade relations.
U.S. stock indexes rose 1 percent on Monday and were on pace to extend a two-day winning streak, lifted by better-than-expected earnings from Cisco and Walmart, and robust economic data that underscored the strength of the domestic economy.
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