U.S. producer prices tepid; jobless claims at more than two-year high
U.S. producer prices were unexpectedly unchanged in November as increases in food and gasoline prices were offset by declining costs for services, pointing to muted inflation despite a recent uptick in consumer prices.
Cevian’s Tischendorf to leave Thyssenkrupp supervisory board
Jens Tischendorf, a partner at activist fund Cevian, will leave the supervisory board of Thyssenkrupp after his five-year term ends next month, the ailing conglomerate said on Thursday.
Repo is Wall Street’s big year-end worry. Why?
The $2.2 trillion repurchase agreement market – part of the inner workings of the U.S. financial system – is facing what could be another strain as the year comes to a close. That could have wider implications than just Wall Street.
Oil rises on Trump’s optimism for a deal with China
Oil prices rose on Thursday after U.S. President Donald Trump said Washington was “very close” to nailing down a trade deal with China and the Federal Reserve held interest rates steady and struck an optimistic tone on the outlook for the economy.
Subaru CEO expects record U.S. sales in 2020 despite market slowdown
Subaru Corp expects its U.S. vehicle sales to rise to a record high in 2020, as demand for its SUV crossover models helps it buck the trend of slowing car sales in the Japanese automaker’s biggest market.
Apple’s China iPhone shipments fall 35% in November: Credit Suisse
Apple Inc’s iPhone shipments in China fell more than 35% in November, marking their second straight double-digit decline as sales of the cheaper iPhone 11 remained sluggish, brokerage Credit Suisse said on Thursday.
Stocks near record highs, pound wavers before election result
World shares took another run at record highs on Thursday, as the right messages from the U.S. Federal Reserve set traders up for a packed day of central bank meetings and a Brexit-defining election in Britain.
U.S. weekly jobless claims race to more than two-year high
The number of Americans filing applications for unemployment benefits jumped to more than a two-year high last week, but that probably does not signal a pickup in layoffs as the claims data tends to be volatile in the period following the Thanksgiving …
Factbox: Nestle CEO Mark Schneider’s top deals over the past three years
Mark Schneider, Nestle’s first outside chief executive officer in almost a century, has made big strides in positioning the world’s largest food company for the future with aggressive deal making since taking over in January 2017.
Nokia, Daimler, others agreed to mediation to resolve licensing dispute
Nokia, German carmaker Daimler and several car parts suppliers have agreed to independent mediation to resolve their technology licensing dispute, the Finnish telecoms equipment maker said on Thursday.
