Seeking clarity from Fed’s Powell? Good luck with that
When Federal Reserve Chair Jerome Powell speaks in Jackson Hole, Wyoming, on Friday, traders will comb through his remarks for clues on whether the U.S. central bank will deliver more rate cuts this year.
Walmart, Tesla look to address issues surrounding solar systems
Walmart Inc and Tesla Inc are looking to address all issues surrounding the solar installations at Walmart stores, the companies said late on Thursday, two days after the retailer sued the electric carmaker for “widespread negligence” that led to rep…
Asian stocks struggle ahead of Powell’s speech; yuan at fresh 11-1/2 year low
Asian shares struggled to make headway on Friday as uncertainty over how much further the U.S. Federal Reserve would cut interest rates added to investors’ worries over slowing global growth.
U.S. SEC fines Deutsche Bank $16 million to settle foreign corruption charges
Deutsche Bank has agreed to pay more than $16 million to settle charges that it violated U.S. corruption laws by hiring relatives of foreign government officials in order to win or retain business, the U.S. markets regulator said on Thursday.
Asian stocks shaky before Powell’s speech as growth woes weigh
Asian shares struggled to make any headway on Friday as weak U.S. manufacturing activity and uncertainty over how much further the Federal Reserve would cut rates added to the general air of caution in markets buffeted by global growth fears.
For U.S. housing, trade war set to blunt some of Fed stimulus: Reuters poll
The U.S.-China trade war may blunt some of the stimulus on the U.S. housing market from expected further interest rate cuts by the Federal Reserve, with only a modest outlook for price rises, a Reuters poll of property market experts found.
FAA says it will invite global Boeing 737 MAX pilots to simulator tests
The U.S. Federal Aviation Administration said on Thursday it would invite Boeing 737 MAX pilots from across the world to participate in simulator tests as part of the process to recertify the aircraft for flight following two fatal crashes.
Hasbro takes home Peppa Pig, PJ Masks in $4 billion eOne deal
Hasbro Inc will buy Entertainment One Ltd for about $4 billion (3.27 billion pounds) in cash, expanding into the lucrative infant and preschool market by gaining access to popular TV shows like Peppa Pig and PJ Masks.
FAA says invites global Boeing 737 MAX pilots to simulator tests
The U.S. Federal Aviation Administration said on Thursday it has invited a cross-section of line pilots from global carriers that operate Boeing Co’s 737 MAX to participate in simulator testing as part of an overall testing and validation process of ne…
U.S. plans in-person China trade talks next month: White House adviser
The Trump administration is still planning for a round of in-person talks between U.S. and Chinese officials in September after a constructive exchange this week between deputy-level negotiators, White House economic adviser Larry Kudlow said on Thursd…
