Business & Finance News
AT&T Inc said it expects 2019 adjusted earnings per share growth in the low single digits, following the acquisition of Time Warner, now known as WarnerMedia.
Wall Street closed slightly lower on Thursday as tech and financial shares slumped, erasing earlier gains stemming from U.S. Federal Reserve minutes showing the central bank opened the debate on when to pause further interest rate hikes.
The Trump administration has invited the heads of German carmakers Volkswagen , BMW and Daimler to a meeting at the White House on Tuesday to discuss trade policy, the Handelsblatt newspaper reported late on Thursday.
U.S. trade restrictions have hit a total of $369 billion of Chinese exports this year, much higher than the $278 billion of goods impacted by tariffs alone, a regular monitoring report of G20 trade restrictions said on Thursday.
Wall Street turned positive on Thursday after the U.S. Federal Reserve released minutes of its latest policy meeting, while the dollar rose and Treasury yields softened after investors digested recent comments by Fed Chair Jerome Powell.
Wall Street eked out gains Thursday, reversing the session’s earlier losses after the U.S. Federal Reserve released minutes from its November meeting in which the central bank opened the debate on when to pause further interest rate hikes.
U.S. President Donald Trump sent mixed signals on Thursday about the prospects for a trade deal with China, saying an agreement was close but he was not sure he wanted one, just as he left for Argentina for a meeting with President Xi Jinping.
Almost all Federal Reserve officials at their last meeting agreed another interest rate increase was “likely to be warranted fairly soon,” but also opened debate on when to pause further hikes and how to relay those plans to the public.
Shares of Twitter Inc tumbled 6 percent on Thursday after reports that Fox News had not tweeted for three weeks sparked fears of a backlash by conservatives protesting a perceived liberal bias by the company.
Jack in the Box Inc , a U.S. hamburger restaurant chain with more than 2,000 restaurants, is exploring options that could include a sale of the company after divesting its Qdoba brand earlier this year, people familiar with the matter told Reuters on Thursday.
U.S. stocks dipped in choppy trading on Thursday as uncertainty over the outcome of a high-stakes meeting between the United States and China at the upcoming G20 Summit kept investors on edge.
General Motors Co President Dan Ammann will take over as chief executive of the automaker’s majority-owned Cruise self-driving car subsidiary, trading in the No. 2 job at one of the world’s largest automakers for a front-row position in the race to render traditional cars obsolete.
The United States and China are exploring a trade deal in which Washington would suspend further tariffs through the spring of 2019 in exchange for new talks “looking at big changes in Chinese economic policy,” the Wall Street Journal reported on Thursday.
World shares were mixed, with Wall Street edging lower on Thursday amid jitters over U.S.-China trade talks, while the dollar and Treasury yields softened after investors digested recent comments by Federal Reserve Chair Jerome Powell.
Renault and Nissan vowed to stick by their industrial alliance on Thursday but failed to name an interim boss to stand in for Chairman Carlos Ghosn, whose arrest has threatened the French carmaker’s control of the partnership.
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