U.S. weekly jobless claims unchanged at five-month high
The number of Americans filing applications for unemployment benefits was unexpectedly unchanged at a five-month high last week, suggesting some softening in the labor market.
Stock futures erase losses on report of likely U.S. tariff delay
U.S. stock index futures moved sharply higher on Thursday after South China Morning Post reported that U.S. tariffs on Chinese imports due Dec. 15 could be delayed even if a trade deal was not signed by then.
Trump wants Apple to be involved in 5G infrastructure building in U.S.
U.S. President Donald Trump said on Thursday he had asked Apple Inc Chief Executive Officer Tim Cook to look into helping develop telecommunications infrastructure for 5G wireless networks in the United States.
Macy’s cuts forecast ahead of holiday season after gloomy quarter
Macy’s Inc cut its annual profit forecast for the second time this year on Thursday, as the department store operator blamed weak international tourism and sluggish mall traffic for the first drop in same-store sales in two years.
Little cheer for Beaujolais Nouveau as U.S. tariffs guzzle profits
Beaujolais Nouveau wine lovers made merry as this year’s first bottles were uncorked, but producers faced the sobering truth of a dip in margins due to new tariffs imposed by the United States, their second biggest export market.
Daimler brings SUV to luxury Maybach brand’s portfolio
Daimler plans to sell luxury Maybach brand’s first sport-utility vehicle, its China chief executive, Hubertus Troska, said on Thursday, joining other luxury brands that offer SUV models to attract customers from China and the United States.
Tesla picks a fight with Detroit by going after the pickup market
Tesla Inc Chief Executive Elon Musk has talked for years about building an electric pickup truck that would threaten the heart of the Detroit automakers’ profits, and on Thursday he will finally take the wraps off the so-called cyberpunk truck.
Exclusive: Trump administration to miss 2019 target for Alaska refuge oil lease sale – official
The Trump administration will miss its target of holding the first-ever oil drilling lease sale in Alaska’s Arctic National Wildlife Refuge this year due to delays in the environmental review process, Interior Secretary David Bernhardt told Reuters.
Risk on, risk off, repeat! U.S.-China trade deal faces HK hurdle
Stocks slid further on Thursday as the standoff between the world’s two largest economies expanded beyond trade, reducing the odds of a “phase-one” deal this year and forcing investors to shed risky assets.
Sanofi weighing options for consumer healthcare unit: sources
Sanofi is considering a joint venture or outright sale among options for its consumer healthcare unit, sources told Reuters, as the French drugmaker prepares to present a new strategic plan next month.
