Wall Street at record high on trade optimism, Apple boost
U.S. stocks hit record highs on Thursday as Middle East tensions eased, optimism about a U.S.-China trade deal firmed and several brokerages boosted price targets on high-profile companies.
Trump’s tariffs cost U.S. companies $46 billion to date, data shows
Tariffs imposed by President Donald Trump to restructure the United States’s top trade relationships have cost American companies $46 billion since February 2018, and U.S. exports of goods hit by retaliatory tariffs have fallen sharply, according to an…
Oil slips as focus shifts from Iran tensions to U.S. crude build
Oil prices retreated further on Thursday after sharp losses in the previous session, as the market shifted its focused toward rising U.S. crude stocks and away from fears of an imminent escalation of conflict between the United States and Iran.
Factbox: How social media services handle political ads
(This January 9 story corrects to remove erroneous references to the dates of previous policy changes in paragraphs 13, 18, 32 and 34)
IKEA enters UK shopping centers market with London mall deal
IKEA’s shopping center business is spending 170 million pounds ($222 million) to buy and upgrade a London mall in its first foray into Britain, betting it can win over a nation increasingly doing its shopping online.
Trump says he may wait to finish Phase 2 China trade deal until after November
U.S. President Donald Trump on Thursday said his administration will start negotiating the Phase 2 U.S.-China trade agreement soon but that he might wait to complete any agreement until after November’s U.S. presidential election.
NY Fed’s Williams says central bank can avert ‘downward trend’ in inflation expectations
U.S. central bank officials need to hold themselves accountable and boost communication of their strategy as they grapple with the challenge of preventing inflation – and inflation expectations – from falling too low, a senior Fed official said Thursda…
Stocks scale records, oil dips, as investors hail easing of Mideast tensions
Crude prices slid and equity markets around the world set new highs on Thursday as investors took on greater risk in a relief rally after the United States and Iran moved to defuse escalating tensions in the Middle East.
After escaping Japan, Ghosn feels Lebanese crisis
Carlos Ghosn’s daring escape from Japan to Lebanon may have cast light on his wealth and influence, but in Beirut the ex-Nissan boss can only get a few hundred dollars a week from the bank because of the country’s deep financial crisis.
Airbus boosts output at U.S. plant amid tariff dispute
Airbus will increase production of A320-family jets at its Mobile, Alabama, plant to seven a month by the beginning of 2021, adding 275 jobs, the European planemaker said on Thursday.
