As Fed’s Powell affirms rate cut view, others see U.S. economy humming
As Federal Reserve Chair Jerome Powell kept the focus Thursday on global risks that could trigger a Fed rate cut in coming weeks, his colleagues from regional Fed districts painted a rosier picture of continued U.S. economic growth and a solid business…
Oil falls on dim OPEC demand outlook, pares gains from Gulf of Mexico storm
Oil prices fell on Thursday as OPEC forecast slower demand for its crude next year, with crude futures easing from their highest in more than a month after U.S. producers cut about half of their output in the Gulf of Mexico ahead of what could be one o…
Healthcare limits stock gains; oil prices drop on weak demand forecast
A broad index of stocks around the world pared gains slightly on Thursday as healthcare shares limited Wall Street’s rise, while oil prices turned lower on a forecast for weaker demand.
Deutsche Bank to layoff 126 New York staff as part of restructuring
Deutsche Bank AG plans to lay off 126 employees in New York in the coming months, according to a filing the bank made with New York state that was made public on Thursday.
Reckitt to pay $1.4 billion to end U.S. opioid addiction treatment probes
Reckitt Benckiser has agreed to pay up to $1.4 billion to resolve U.S. claims that its former pharmaceuticals business Indivior before it was spun out of the company carried out an illegal scheme to boost sales of an opioid addiction treatment.
Ford, Volkswagen promise details on electric, autonomous vehicle alliance
Ford Motor Co and Volkswagen AG said on Thursday they are expanding their global alliance announced in January with deals expected to involve collaboration on electric and autonomous vehicles.
T-Mobile, Sprint expected to extend deal date: sources
T-Mobile US Inc and Sprint Corp expect to extend a July 29 deadline to complete their $26-billion merger, according to two sources close to the deal.
Cargill quarterly profit dives 41% on trade tensions, U.S. floods
Global commodities trader Cargill Inc [CARG.UL] reported a 41% drop in adjusted quarterly profit on Thursday, citing supply disruptions stemming from the U.S.-China trade war and also flooding in the central United States that hit marketing and transpo…
Oil steadies on dim OPEC demand outlook, pares gains from Gulf of Mexico storm
Oil prices steadied on Thursday as OPEC forecast slower demand for its crude next year, with crude futures easing from their highest in more than a month after U.S. producers cut nearly a third of their output in the Gulf of Mexico ahead of what could …
Dow breaches 27,000; healthcare in spotlight after Trump’s decision on rebate
U.S. stocks rose on Thursday on improved bets of an interest rate cut following Fed chief Jerome Powell’s dovish remarks, while healthcare stocks were mixed after the Trump administration withdrew a rule that would kill rebates.
