U.S. weekly jobless claims fall; labor market strong
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.
Kraft Heinz books more than $1 billion in charges, first-half profit slumps
Kraft Heinz Co’s net income halved in the first six months of the year, the packaged food maker said on Thursday as it wrote down the value of several business units by over $1 billion in results delayed by an internal investigation into procurement p…
U.S. weekly jobless claims unexpectedly fall
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: Denmark’s Nord Stream 2 route request could cause eight-month delay, cost 660 million euros – operator
A Russian-led gas pipeline project across the Baltic Sea to Europe could be delayed by up to eight months and cost an extra 660 million euros ($740 million) due to hurdles in securing the necessary permits from Denmark, the pipeline operator has said.
CBS, AT&T sign multi-year contract; ends 20 day-long blackout
CBS Corp and AT&T Inc signed a new multi-year content carriage agreement, ending a 20 day-long blackout that began when the previous, seven-year deal expired at 2:00 a.m. EST on July 19.
Markets find a floor as Chinese data soothe nerves
Stock markets enjoyed a tentative recovery on Thursday after better-than-expected Chinese export data, while a steadying of the yuan restored some calm to global markets following a stormy few days that sent investors scrambling for safety.
Signs of price truce push Lyft, Uber higher
Lyft Inc’s hints that its cut-throat rivalry with U.S. ride-hailing rival Uber Inc is easing may prove bad news for customers but it sent shares in both companies sharply higher on Thursday.
Equinor’s power and gas trading unit expands to the U.S.
Danske Commodities, a power and gas trading firm owned by oil major Equinor , has expanded its operations to the United States, completing its first trade on the PJM wholesale power market, it said on Thursday.
Oil rises due to firm yuan, expectations of more OPEC cuts
Oil jumped more than $1 per barrel on Thursday on expectations that falling prices could lead to production cuts, coupled with a steadying of the yuan currency after a week of turmoil spurred by an escalation in U.S.-China trade tensions.
China data, steadying yuan lift futures
U.S. stock index futures inched higher on Thursday as better-than-expected Chinese trade data and a steadying of its currency offered some comfort to investors rattled by an escalation in trade tensions and signals pointing to a recession.
