Tempered expectations of Fed rate cut sink stocks globally
A strong U.S. jobs report that tempered expectations of an aggressive interest rate cut by the Federal Reserve later this month and weak economic data in Germany helped push global stock indices lower on Friday after hitting record highs earlier this w…
Wall St. slips as strong jobs data tempers bets of aggressive rate cut
U.S. stocks fell on Friday, retreating from record closing highs, after a strong rebound in U.S. job growth in June dashed hopes of an aggressive interest rate cut by the Federal Reserve this month.
Brent oil inches up on Iran tensions and OPEC, while U.S. crude falls
Brent oil ticked higher on Friday, supported by tensions over Iran and the decision by OPEC and its allies to extend a supply cut deal until next year, while U.S. benchmark crude prices fell on weak economic indicators.
Volkswagen, Ford reach outline agreement to share electric, autonomous tech: source
Ford and Volkswagen have reached an outline agreement to share electric and autonomous car technologies, extending their alliance beyond a cooperation on commercial vehicles, a source familiar with the matter said on Friday.
Deutsche Bank’s investment bank chief exits in unfolding multi-billion dollar overhaul
The head of Deutsche Bank’s investment bank agreed to step down on Friday in a sign of the division’s waning influence as Germany’s largest lender readies a multi-billion dollar restructuring aimed at reversing a decline in its fortunes.
Instant View: U.S. job growth surges, but wage growth remains tepid
U.S. job growth rebounded strongly in June, but moderate wage gains and mounting evidence that the economy was slowing sharply could still encourage the Federal Reserve to cut interest rates this month.
U.S. job growth accelerates; wages rise moderately
U.S. job growth rebounded strongly in June as government hiring surged, but persistent moderate wage gains and mounting evidence that the economy was losing momentum could still encourage the Federal Reserve to cut interest rates this month.
Futures add to losses after June jobs report
U.S. stock index futures added to losses slightly on Friday after data showed a stronger-than-expected job growth in June, but moderate wage gains could still encourage the Federal Reserve to cut interest rates this month.
BMW’s Zipse poised to succeed Krueger as CEO: sources
BMW’s Oliver Zipse, currently board member for production, is the frontrunner to become chief executive (CEO) of the German carmaker, sources told Reuters, after Harald Krueger said he would not be available for another term as CEO.
Brent inches up on Iran tensions, OPEC; U.S. oil falls on weak data
Brent oil ticked higher on Friday, supported by tensions over Iran and this week’s decision by OPEC and its allies to extend a supply cut deal until next year, while U.S. benchmark crude prices fell on weak economic indicators.
