Business & Finance News
World stocks edged lower and debt yields fell on Thursday as Chinese economic data slowed in October and Germany narrowly avoided a recession in the third quarter, adding to concerns about the impact of the U.S.-China trade war on global growth.
U.S. stocks slipped on Thursday, weighed down by technology shares after Cisco’s dour forecast raised worries of a global economic slowdown and overshadowed strong results from big box retailer Walmart.
Oil was mixed on Thursday as a build in U.S. crude inventories weighed on prices, while comments from the Organization of the Petroleum Exporting Countries about lower-than-expected U.S. shale production in 2020 limited declines.
U.S. producer prices increased by the most in six months in October, lifted by gains in the costs of goods and services, further bolstering the Federal Reserve’s stance that it will probably not cut interest rates again in the near term.
Facebook Inc signed a lease for over 1.5 million square feet of office space across 30 floors and three buildings in New York City’s Hudson Yards, according to a statement by the luxury and commercial real estate development on Thursday.
The S&P 500 and the Dow Jones Industrial Average were unchanged on Thursday, but still hovered near record levels as a dour forecast from Cisco offset gains in Walmart after its strong outlook.
Wells Fargo & Co said on Thursday general counsel Allen Parker, who briefly served as interim chief executive of the scandal-hit U.S bank, will step down next year.
Walmart Inc posted strong results on Thursday as a strong economy boosted purchases at its stores and website and the retailer picked up market share in food and other groceries, earning praise from U.S. President Donald Trump.
Walmart Inc reported better-than-expected third quarter U.S. comparable sales on Thursday and raised its full-year outlook as a strong economy boosted purchases at its stores and website and the retailer picked up market share in food and other groceries.
Spain’s High Court on Thursday placed the former chairman of BBVA , Francisco Gonzalez, under investigation as part of a probe into an alleged spying case, a source with knowledge of the matter said.
U.S. stocks opened lower on Thursday as weak data from major economies and a dour forecast from Cisco rekindled worries of a global slowdown.
Asda, the British supermarket arm of the world’s biggest retailer Walmart , blamed lower sales in its latest quarter on Brexit uncertainty, saying it had negatively affected consumers’ spending patterns.
Wells Fargo & Co on Thursday said its general counsel Allen Parker, who was formerly interim chief executive officer, would step down in March 2020.
U.S. producer prices increased by the most in six months in October, lifted by gains in the costs of goods and services, further bolstering the Federal Reserve’s stance that it will probably not cut interest rates again in the near term.
Ferrari on Thursday rolled out the Roma, a record fifth new model announced this year, as the Italian luxury carmaker with the famous “prancing horse” logo looks to sustain profit and share price growth.
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