Fed’s Bullard: ‘More normal’ yield curve bullish sign for 2020
The way U.S. bond markets responded to recent Federal Reserve interest rate cuts could be “bullish” for the economy, St. Louis Federal Reserve President James Bullard said on Thursday, adding he was ready to keep rates on hold and see how it plays out….
Wall Street slips after Cisco’s gloomy outlook
Wall Street’s main indexes slipped from near record levels on Thursday, as a dour forecast from tech stalwart Cisco Systems raised fresh questions about the global economy’s health and overshadowed a strong report from big box retailer Walmart.
Oil mixed amid U.S. crude stock build, OPEC surplus forecast
Oil prices were mixed on Thursday as U.S. crude futures were pressured by a build in domestic inventories and record production, while forecasts from the Organization of the Petroleum Exporting Countries for a lower-than-expected oil surplus supported …
Exclusive: Eurazeo hires JPMorgan to exit car rental group Europcar – sources
European investment firm Eurazeo is exploring a partial or full sale of its near 30% stake in Europcar Mobility Group as it seeks to cash out from the troubled French car rental company, sources told Reuters.
Cisco’s dour outlook weighs on Wall Street
U.S. stocks dipped on Thursday, weighed down by technology shares after Cisco’s weak forecast raised worries of a slowdown in global economic growth, overshadowing strong results from big box retailer Walmart.
Fed not focused on daily ups, downs of trade deal: Williams
The U.S. Federal Reserve will not make policy based on day to day developments in U.S.-China trade policy or on Britain’s exit from the European Union, a U.S. central banker said on Thursday, in part because businesses do not make their decisions that …
ProSieben says merger with Mediaset wouldn’t work
German broadcaster ProSiebenSat.1 is more interested in collaborating in digital growth areas than in a full-blown merger, Chief Executive Max Conze said on Thursday after Italy’s Mediaset raised its shareholding.
Tesla sedans regain recommended status in Consumer Reports survey
Tesla Inc’s Model 3 and S sedans both regained “recommended” status in Consumer Reports magazine’s annual reliability survey, allowing the electric carmaker’s overall standing to rise slightly.
U.S. fines former Deutsche Bank subprime chief over alleged mortgage fraud
(This Nov 14 story amends charges in first and fifth paragraphs to civil claims.)
World stocks, yields fall as China slowdown deepens
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.
