S&P 500 crosses 3,300 on Morgan Stanley earnings, tech rally
U.S. stock indexes hit record highs on Thursday, with the S&P 500 crossing the 3,300 mark for the first time, as upbeat earnings from Morgan Stanley and a tech rally added to optimism from an initial U.S.-China trade deal.
U.S. retail sales rise steadily; labor market tightening
U.S. retail sales increased for a third straight month in December, with households buying a range of goods even as they cut back on purchases of motor vehicles, suggesting the economy maintained a moderate growth pace at the end of 2019.
Oil gains on U.S.-China deal, but IEA forecast pressures prices
Oil rose on Thursday as the long-awaited Phase 1 trade deal between the United States and China brought some relief to markets, but the gains were capped after the International 7Energy Agency said it expected oil production to outpace demand.
VW CEO says carmaker faces same fate as Nokia without urgent reforms
Volkswagen needs to accelerate the overhaul of its business to avoid becoming another Nokia , which lost its dominance in the handset market to Apple , the German carmaker’s chief executive said.
Morgan Stanley shares soar after Gorman boosts performance targets
Morgan Stanley lifted its performance goals on Thursday after beating Wall Street estimates by a wide margin, the latest sign that Chief Executive James Gorman’s strategic vision for the bank is bearing fruit.
S&P 500 crosses 3,300 on trade deal, Morgan Stanley earnings
The S&P 500 crossed 3,300 for the first time and the Dow and the Nasdaq opened at new highs on Thursday, after the United States and China signed an initial trade deal and Morgan Stanley wrapped up big bank earnings on a strong note.
During Bezos visit, India minister says Amazon’s $1 billion investment is no big favour
Amazon hasn’t done India any big favours by announcing a new $1 billion investment, its trade minister said on Thursday, laying bare tensions with the U.S. online retail giant during a visit to the country by its CEO Jeff Bezos.
U.S. retail sales rise steadily; weekly jobless claims fall
U.S. retail sales increased for a third straight month in December, with households buying a range of goods even as they cut back on purchases of motor vehicles, suggesting the economy maintained a moderate growth pace at the end of 2019.
Hot data keeps stocks up after trade deal
World stocks held near record highs on Thursday as some encouraging U.S. data ensured there was no post U.S.-China trade deal hangover for global markets.
Southwest extends 737 MAX cancellations through June 6
Southwest Airlines Co said on Thursday it is extending cancellations of Boeing Co 737 MAX flights until June 6, citing the planemaker’s decision to recommend pilot simulator training before resuming flights and uncertainty about when regulators will …
