China says it must take countermeasures to latest U.S. tariffs
China has to take necessary countermeasures to the latest U.S. tariffs on $300 billion of Chinese goods, the finance ministry said on Thursday.
Futures extend gains after strong retail sales data
U.S. stock index futures extended gains in volatile trading on Thursday, after data showed retail sales surged in July, which could help ease worries of a recession.
U.S. antitrust unit seeks additional information from United Tech, Raytheon
United Technologies and Raytheon Co have received requests for additional information from the antitrust division of the U.S. Department of Justice related to their $120 billion merger, according to a regulatory filing on Thursday.
Walmart’s earnings beat allays worry over tariff impact for now
U.S. retailer Walmart Inc reported strong second-quarter results and raised its earnings expectations for the year, temporarily sidestepping concerns around consumer demand in the wake of tariffs on imports from China.
Futures rise in choppy trading, Walmart up on upbeat earnings
U.S. stock index futures turned positive in volatile trading on Thursday, as investors digested conflicting reports on U.S.-China trade dispute, while a jump in retail giant Walmart’s shares helped dispel early gloom.
GE shares fall on report that cash situation worse than thought
General Electric shares fell 5% on Thursday after Harry Markopolos, whistleblower in the Bernard Madoff Ponzi scheme case, alleged that company financial filings masked the depths of its problems.
J.C. Penney posts smaller-than-expected loss; shares rise
J.C. Penney Co Inc posted a smaller-than-expected second-quarter loss on Thursday, as the struggling retailer’s efforts to cut costs and shutter unprofitable businesses paid off.
Global stocks hurt by China’s trade threats, falling bond yields
China’s threat to impose counter-measures in retaliation for the latest U.S. tariffs knocked stocks sprawling on Thursday, checking earlier attempt to recover from a rout sparked by fears of a world recession.
British pilots union calls on Ryanair for mediated talks as strikes loom
The British Airline Pilots Association (BALPA) called on Ryanair to meet for mediated talks to resolve a dispute on pay and benefits to avoid two multi-day stikes planned by their members from next week.
Alibaba results beat estimates on cloud, e-commerce growth
China’s Alibaba Group Holding Ltd reported better-than-expected quarterly revenue and profit on Thursday, aided by growth in its e-commerce and cloud computing businesses.
