Wall St. gains on easing trade tensions, strong ADP jobs data
U.S. stocks rose on Thursday on hopes of a de-escalation in trade tensions after Washington and Beijing agreed to hold high-level talks next month, while data showing strong job addition in the private sector allayed some slowdown concerns.
Sony appeals to film lovers with slimline Xperia 5 smartphone
Sony launched the Xperia 5, a slimline version of its flagship smartphone, at the IFA consumer electronics fair in Berlin on Thursday as it seeks to strengthen its appeal to its niche audience of video, film and music lovers.
Vuitton to hire more French handbag makers as Chinese sales boom
LVMH’s Louis Vuitton brand will hire another 1,500 manufacturing staff in France by 2022, as it expands production to meet strong demand in markets like China.
Wall Street opens higher on easing trade tensions
U.S. stocks opened higher for a second straight session on Thursday as Washington and Beijing agreed to hold high-level talks next month, raising hopes of a de-escalation in trade tensions.
WeWork seeks $20 billion-$30 billion in IPO valuation: Bloomberg
WeWork owner The We Company is targeting an initial stock market valuation of less than half of estimates from earlier this year, according to a report on Thursday, another sign of growing skepticism among investors about big but unprofitable technolog…
U.S. private payrolls accelerate; weekly jobless claims rise
U.S. private employers boosted hiring in August, suggesting the economy continued to grow at a moderate pace despite trade tensions which have stoked financial market fears of a recession.
Facebook’s Libra falls into ‘big gap’ in EU rules: regulator
Facebook’s proposed Libra cryptocurrency falls into a “big gap” in European Union financial regulation at a time when the bloc’s ability to tackle money laundering is already stretched, a top EU regulator said on Thursday.
Slack shares tank after dismal forecast
Shares of workplace messaging company Slack Technologies Inc were set for their worst day since the company made its stock market listing in June, after it flagged slower revenue growth amid intensifying competition.
Brokerage Charles Schwab closing Singapore office two years after launch
Discount brokerage company Charles Schwab Corp will close its Singapore office by the end of this year, only about two years after opening it in late 2017.
Stock futures higher on news of U.S.-China trade talks
U.S. stock index futures rose on Thursday as the United States and China agreed to hold high-level talks next month, raising hopes of a de-escalation in a trade war that has bruised global economic growth.
