Business & Finance News
U.S. stocks gave up early gains on Thursday, as a rally sparked by progress in U.S.-China trade talks faded, with investors moving into defensive sectors such as real estate and utilities.
Chinese battery firm GEM has stopped buying cobalt from Glencore as the price of the battery material crashed below that agreed in a three-year deal between the two companies, sources close to the matter said.
Shares in U.S. carrier Delta Air Lines Inc dropped 4 percent in Thursday morning trading on concerns that slowing global economies would limit the No. 2 U.S. airline’s revenue growth in 2019 despite strong travel demand.
The number of Americans filing applications for jobless benefits tumbled to near a 49-year low last week, which could ease concerns about a slowdown in the labor market and economy.
Apple Inc said on Thursday it would spend $1 billion to build a second campus in Austin, Texas, that will house up to 15,000 workers as part of a broader push by U.S. companies to create more domestic jobs.
A gauge of world equities climbed for a third straight session on U.S. trade hopes on Thursday and the pound and the euro eased after the latest bout of Brexit drama and ECB announcement.
Renault said on Thursday an audit launched in the wake of Chairman and CEO Carlos Ghosn’s arrest in Japan had so far found no irregularities with his pay at the French carmaker.
Caterpillar Inc said on Thursday Chief Executive Officer Jim Umpleby would take on the additional role of chairman, effective immediately.
Oil prices edged higher on Thursday, after data showed inventory declines in the United States and as investors began to expect that the global oil market could have a deficit sooner than they had previously thought.
A JP Morgan analyst who has long held a negative outlook on General Electric Co shares as they have tumbled upgraded his view on the conglomerate’s stock on Thursday.
Denmark’s Carlsberg and India’s United Breweries have filed pleas with Indian authorities, seeking leniency in a probe into alleged collusion to fix beer prices, five sources familiar with the matter told Reuters.
An array of companies and groups that have opposed T-Mobile US Inc’s plan to buy Sprint Corp announced on Thursday that they had banded together, saying the deal would lead to higher prices for wireless customers and hurt rural consumers.
Huawei’s relations with British authorities hit a low last month when a top official walked out of a meeting with the Chinese company over its perceived failure to fix security holes in its products, sources familiar with the talks told Reuters.
U.S. stocks rose for a second day on Thursday, led by technology stocks, as sentiment was boosted by signs of progress between the United States and China over their bitter trade dispute.
Ford’s rejection of a rescue deal for the Blanquefort site in France represented a “betrayal” by the U.S. carmaker, said French finance minister Bruno Le Maire on Thursday.
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