Oil mixed on U.S. crude stocks build, OPEC shale growth comments
Oil was mixed on Thursday as a build in U.S. crude inventories weighed on prices, while comments from the Organization of the Petroleum Exporting Countries about lower-than-expected U.S. shale production in 2020 limited declines.
Strong healthcare costs help to lift U.S. producer inflation
U.S. producer prices increased by the most in six months in October, lifted by gains in the costs of goods and services, further bolstering the Federal Reserve’s stance that it will probably not cut interest rates again in the near term.
Facebook signs lease for office space in Hudson Yards
Facebook Inc signed a lease for over 1.5 million square feet of office space across 30 floors and three buildings in New York City’s Hudson Yards, according to a statement by the luxury and commercial real estate development on Thursday.
S&P 500, Dow flat as Cisco losses offset Walmart gains
The S&P 500 and the Dow Jones Industrial Average were unchanged on Thursday, but still hovered near record levels as a dour forecast from Cisco offset gains in Walmart after its strong outlook.
Wells Fargo former interim CEO Parker steps down as general counsel
Wells Fargo & Co said on Thursday general counsel Allen Parker, who briefly served as interim chief executive of the scandal-hit U.S bank, will step down next year.
Walmart posts strong results ahead of holidays, earns praise from Trump
Walmart Inc raised its annual outlook on Thursday as a robust economy boosted purchases at its stores and website and the retailer picked up market share in food and other groceries, earning praise from U.S. President Donald Trump.
Spain’s former BBVA chairman ‘FG’ placed under investigation: source
Spain’s High Court on Thursday placed the former chairman of BBVA , Francisco Gonzalez, under investigation as part of a probe into an alleged spying case, a source with knowledge of the matter said.
Britain’s Asda blames Brexit uncertainty for sales dip
Asda, the British supermarket arm of the world’s biggest retailer Walmart , blamed lower sales in its latest quarter on Brexit uncertainty, saying it had negatively affected consumers’ spending patterns.
U.S. producer prices rise solidly; healthcare costs increasing
U.S. producer prices increased by the most in six months in October, lifted by gains in the costs of goods and services, further bolstering the Federal Reserve’s stance that it will probably not cut interest rates again in the near term.
IBM to launch faster weather forecast system to cover the globe
Technology company IBM said on Thursday it will launch a new weather forecasting system which will be able to predict conditions up to 12 hours in advance and cover parts of the world which have not had access to such detailed data.
