Renault CEO denounces ‘coup’ at Renault: Les Echos
Renault’s CEO Thierry Bollore denounced on Thursday as a “coup” his potential exit from the French carmaker, which has called a board meeting on Friday.
Markets dance to Trump’s trade tunes
The ebb and flow of trade tensions between the United States and China has roiled financial markets for months, and with the December deadline for higher U.S. tariffs on Chinese goods approaching fast no asset class is immune to trade-related risks.
Who’s who in the high-level Chinese trade delegation in Washington
Chinese and U.S. officials are negotiating this week in Washington to try to end a debilitating 15-month trade war, with talks set to culminate on Friday when the head of Beijing’s delegation meets U.S. President Donald Trump at the White House.
Fed finalizes post-crisis rule easing for domestic, foreign banks
The U.S. Federal Reserve on Thursday unveiled a final package of rules easing capital and liquidity requirements for domestic U.S. and foreign banks that were originally introduced following the 2007-2009 global financial crisis.
Exclusive: Wells Fargo beefs up mortgage division to cope with higher volumes
Wells Fargo & Co is boosting its teams that process mortgage loans to prepare for higher mortgage volumes, changing course after it laid off about 1,000 employees https://www.reuters.com/article/us-wells-fargo-layoffs/wells-fargo-plans-1000-u-s-job-cuts-idUSKCN1NK2P7 in the division in 2018, according to a memo viewed by Reuters.
Hugo Boss cuts outlook again, citing weak U.S., Hong Kong business
German fashion house Hugo Boss cut its 2019 earnings forecast again, citing weak demand in the United States and Hong Kong, and reported third quarter results that were below its expectations.
As GM workers picket, Michigan’s economy feels the chill
Waving a placard on the picket line outside a General Motors Co truck plant in Flint, Michigan, Robert Bacon says he has no money to spend. His $250-a-week strike pay barely covers his food and gas.
U.S. presidential candidate Warren calls on AT&T to reject plan she says will cost jobs
U.S. presidential candidate Elizabeth Warren called on AT&T Inc to reject an activist investor plan she said would lead to job cuts, staking out a different position than President Donald Trump who has cheered the investor’s involvement.
Wall Street rises on hopes of U.S.-China trade deal
U.S. stocks rose in early afternoon trading on Thursday on hopes that top-level U.S.-China trade talks would yield at least a partial deal, while a rise in Apple’s shares lifted the technology sector.
Boeing partners with Porsche on electric flying car
U.S. planemaker Boeing Co said on Thursday it was working with Volkswagen’s sports car brand, Porsche, to develop a concept electric flying vehicle capable of transporting people in urban settings.
