Timeline: Key dates in the U.S.-China trade war
The United States and China have agreed to meet for senior-level trade talks in Washington in October, raising hopes that world’s two largest economies could make progress toward ending a damaging tit-for-tat tariff war that is now in its second year.
Macy’s sees savings of up to $550 million from targeted promotions, better pricing
Macy’s Inc said on Thursday it aimed to save $400 million to $550 million annually in the next two to four years, as the department store chain cuts back on discounts, sending its shares up 5% in mid-day trading.
Global stocks hit one-month highs on news of U.S.-China trade talks
Stocks hit one-month highs worldwide on Thursday as improved risk appetite led investors away from safe-haven assets such as bonds and gold on renewed hope for progress in U.S.-China trade negotiations and upbeat U.S. economic data.
Macy’s aims to save up to $550 million in two-four years, shares rise
Macy’s Inc said on Thursday it aimed to save $400 million to $550 million annually in the next two to four years, as the department store chain cuts back on discounts, while focusing more on targeted promotions for customers.
WeWork considers slashing IPO valuation amid pushback: sources
WeWork owner The We Company is considering slashing the valuation it will seek in an initial public offering (IPO) to a little over $20 billion, less than half the $47 billion valuation it achieved in a private fundraising round in January, people fami…
House panel to discuss Big Tech’s impact on privacy, antitrust
The House of Representatives’ antitrust panel will hold a hearing next week to discuss the effect of consumer data collection by big tech platforms, like Alphabet’s Google and Amazon, on online competition.
U.S. services sector growth accelerates; private payrolls jump
U.S. services sector activity accelerated in August and private employers boosted hiring, suggesting the economy continued to grow at a moderate pace despite trade tensions which have stoked financial market fears of a recession.
Facebook launches dating service in United States
Facebook Inc is launching its dating services in the United States, the social network said on Thursday, sending its shares up 2%.
Slack shares tumble after dismal forecast
Shares of Slack Technologies Inc tumbled 14%, wiping out nearly all their gains since the company’s listing in July, after the workplace messaging firm warned of slower revenue growth amid intensifying competition.
GM will use Google to power future infotainment systems
General Motors Co will use embedded Google technology to power navigation, voice activated controls and other vehicle infotainment functions starting in 2021, in a win for Alphabet Inc in the race with Amazon.com and other technology companies to cont…
