Wall Street steady ahead of service sector data
U.S. stocks treaded water on Thursday after losing 3% in the past two sessions on data that pointed to the risk of a slide into recession, with investor attention now squarely on services data.
Oil slips toward $57 as economic gloom weighs
Oil slipped toward $57 a barrel on Thursday, pressured by concerns about weakening global economic growth and oil demand, as well as by signs of excess supply despite OPEC-led cuts.
U.S. tariffs on French wines will hurt American consumers, exporters say
The U.S. decision to impose tariffs on French wines will penalize American consumers, the French wine exporters’ federation said on Thursday.
U.S. weekly jobless claims rise slightly; layoffs still low
The number of Americans filing applications for unemployment benefits rose marginally last week, suggesting the labor market remains strong even as employers are becoming more cautious about hiring workers.
BlackRock program to test tools to boost saving by individuals
BlackRock Inc has teamed up with Mastercard Inc , United Parcel Service Inc and Etsy Inc among other organizations, to build and test tools to help individuals start saving for emergencies.
Wall Street set to open slightly higher after sharp slide
Wall Street’s main indexes were set to open slightly higher on Thursday after losing 3% in the past two sessions after data pointed to the risk of a slide into recession, with investor attention now squarely on services data due later in the day.
Embraer delays timeline for close of Boeing deal to early 2020
Brazilian planemaker Embraer has delayed its expected timeline for the closing of a major deal with Boeing to early 2020, according to a securities filing on Thursday.
Trade angst, growth scares haunt global stocks as bond yields slide
World stocks hovered near four-week lows on Thursday and yields on major benchmark bonds slipped after Washington moved to impose new tariffs on European goods, fuelling fears about global growth and dousing risk appetite.
Constellation Brands raises full-year profit forecast after quarterly beat
Constellation Brands Inc raised its full-year adjusted profit forecast on Thursday, after beating Wall Street estimates for second quarter profit on the back of strong summer demand for Corona and Modelo beers.
Trump hails ‘nice victory’ on trade as EU whisky, wine makers left reeling
President Donald Trump hailed a “nice victory” on Thursday after the United States got the green light to place tariffs on European Union goods in a dispute over EU aircraft subsidies.
