Dow, S&P 500 hit record closes as investors digest trade news
The Dow and S&P 500 notched record closing highs on Thursday as the latest signs of progress in U.S.-China trade relations relieved investors, but a report raising fresh worries about the outlook for a deal limited the day’s gains.
Disney gets boost from parks, films as streaming launch looms
Walt Disney Co beat Wall Street estimates for quarterly profit on Thursday, as strong performance in its flagship theme parks and the box office success of its films like “The Lion King” and “Toy Story 4” offset huge investments to launch its streamin…
Juncker says Trump won’t impose tariffs on European cars: Sueddeutsche
Outgoing European Commission President Jean-Claude Juncker does not believe U.S. President Donald Trump will impose tariffs on imported European cars next week, he told Germany’s Sueddeutsche Zeitung.
Dropbox revenue beats on higher subscriber additions
Dropbox Inc beat analysts’ estimates for third-quarter revenue on Thursday, as the online file hosting company added more individual and business customers.
Airbus reshuffles supply chain as former autos executive leaves group
Airbus is seeking a new permanent leader of a $50 billion supply chain as Klaus Richter, chief procurement officer, steps down from his post at the Franco-German-led company to “pursue other professional challenges,” industry sources said.
Global stocks, dollar rally on renewed U.S.-China deal hopes
Oil prices rose and stocks rallied worldwide on Thursday after China said it had agreed with the United States to cancel tariffs in phases, a key consideration in reaching a deal to end a trade war that has crimped economic growth and roiled markets.
Exclusive: Rollback of China tariffs faces fierce opposition in White House – sources
An agreement between the United States and China to roll back existing tariffs as part of a ‘phase one’ trade deal faces fierce internal opposition at the White House and from outside advisers, multiple sources familiar with the talks said.
Exclusive: Freddie Mac hires McKinsey to review capital with government overhaul looming
Housing finance giant Freddie Mac has hired management consultancy McKinsey & Company to advise on capital management, a spokesman said Thursday, as Freddie and its regulator start the long process of overhauling the firm and ultimately removing it from government control.
Exclusive: Sears says it has secured a $250 million lifeline, will close 96 stores
Sears told Reuters on Thursday it had won a $250 million lifeline from lenders that include billionaire owner Eddie Lampert, and will close additional stores, as mounting losses strain the beleaguered U.S. department store chain’s finances.
China, U.S. agree to roll back tariffs as part of trade deal -officials
China and the United States have agreed to roll back tariffs on each others’ goods as part of the first phase of a trade deal, officials from both sides said on Thursday, offering a new sign of progress despite ongoing divisions about the months-long d…
