U.S. small-cap stocks under renewed threat from tariffs
Last week’s announcement of more U.S. tariffs on Chinese goods may have undermined the prospects for small-cap stocks to rebound this year, even after a brief respite from the Federal Reserve’s recent interest-rate cut. Just a day after the Fed cut …
Amazon’s Alexa comes under scrutiny of Luxembourg privacy watchdog
Luxembourg’s privacy regulator has asked Amazon for information regarding its Alexa voice assistant, an indication of rising regulatory unease over companies’ use of personal data.
PG&E shareholders outline possible $15 billion share sale after widlfires
PG&E Corp shareholders are proposing raising $15 billion in equity to fund a planned reorganization of the power producer facing huge liabilities from California wildfires, according to a company filing on Thursday.
Kraft Heinz withdraws outlook after dismal results
Kraft Heinz Co reported weak sales on Thursday, prompting the maker of packaged foods to write down the value of several business units by more than $1 billion and drop its full-year forecast as it struggles to lure back customers.
U.S. labor market strong; second-quarter GDP growth expected to be revised down
The number of Americans filing applications for unemployment benefits unexpectedly fell last week, suggesting the labor market remains strong even as the economy is slowing.
Exclusive: Iraq close to pipeline deal with BP and Eni, rather than Exxon – sources
Iraq is close to reaching a deal with oil majors BP and Eni for an export pipeline project that was initially planned as part of a mega-deal with U.S. energy giant ExxonMobil, according to five senior Iraqi oil officials involved in the negotiations.
Anadarko shareholders go for the cash in $38 billion Occidental buyout
Shareholders of Anadarko Petroleum Corp on Thursday voted overwhelmingly to sell the company for $38 billion to rival Occidental Petroleum Corp , ending a short-lived contest that pitted two of the most storied names in the oil industry against one an…
Wall Street on the rise for third day after upbeat data
U.S. stocks surged on Thursday as better-than-expected domestic and Chinese data as well as a firming yuan offered some relief to investors alarmed by a week of blow and counterblow between Beijing and Washington over trade.
Petition by Walmart employee to protest gun sales gathers over 45,000 signatures
A petition started by a junior Walmart Inc worker in California to protest the retailer’s sale of firearms, following two mass shootings over the weekend left 31 people dead in Texas and Ohio, has gathered more than 45,000 signatures.
Lee, Wrangler-maker Kontoor tops estimates on new savings
Kontoor Brands Inc beat expectations for quarterly profit on Thursday as the denim apparel maker’s efforts to cut costs post its spinoff from VF Corp paid off, sending shares up over 13%.
