Stocks waver, dollar recovers on renewed growth worries
The dollar recovered from early weakness but a gauge of world equity performance edged lower on Thursday as concerns about global growth offset investor optimism over a surge in U.S. retail sales last month and strong Walmart earnings.
S&P 500, Dow gain as upbeat retail sales offset recession fears
The S&P 500 and the Dow gained ground in a late rally on Thursday as upbeat retail sales data offset recessionary fears amid the simmering U.S.-China trade tensions.
American, Southwest Airlines bump more passengers after 737 MAX grounding
American Airlines Group Inc and Southwest Airlines Co are bumping thousands of passengers off airplanes after their Boeing 737 MAX fleet’s was grounded in mid-March following two fatal crashes.
Revlon taps Goldman to explore strategic options: Bloomberg
Cosmetics maker Revlon Inc has tapped Goldman Sachs Group Inc to explore options for its business, Bloomberg reported on Thursday, citing people familiar with the matter.
GE shares fall on Madoff whistleblower calling its finances a fraud
General Electric Co shares fell as much as 15% on Thursday after fraud investigator Harry Markopolos, who blew the whistle on Bernard Madoff’s Ponzi scheme, said GE was concealing deep financial problems, prompting a sharp rebuke from GE’s new CEO.
Wall Street struggles for direction as bond yields slide
Wall Street seesawed from red to black and back on Thursday as recessionary fears and simmering U.S.-China trade tensions offset upbeat retail sales data.
WTO paves way for China to seek sanctions against U.S.
The World Trade Organization (WTO) on Thursday adopted final findings against U.S. duties imposed on a range of Chinese imports, effectively giving Beijing a green light to seek compensatory sanctions.
GE shares fall on report alleging its finances are worse than disclosed
General Electric shares fell as much as 15% on Thursday after fraud investigator Harry Markopolos, who blew the whistle on Bernard Madoff’s Ponzi scheme, said GE was concealing deep financial problems.
GE CEO calls Markopolos report ‘market manipulation’ and ‘false’
General Electric Co Chief Executive Larry Culp said on Thursday that a report alleging GE was hiding financial problems was “market manipulation – pure and simple.”
Canopy Growth needs another 3-5 years to turn profit
Canopy Growth Corp said on Thursday it expects another three to five years to turn in a profit as Canada’s largest cannabis company invests heavily to diversify and expand.
