Asda boss sees possible stock market listing in two to three years
The timescale for a possible stock market listing of British supermarket group Asda, by its U.S. parent Walmart , is two to three years, Asda’s boss said on Wednesday.
UK regulator investigates role of Facebook, Google in ad market
Britain’s competition regulator has launched an investigation into the power wielded by Facebook and Google in digital advertising markets, including the ownership of data.
S&P 500 hits record high on rising rate cut hopes
The S&P 500 index hit a record high on Wednesday, led by defensive sectors, as bets of an interest rate cut rose on fears of a slowing global economy due to simmering trade tensions.
U.S. trade, services industry data point to slowing economy
The U.S. trade deficit jumped to a five-month high in May as imports of goods increased, likely as businesses restocked ahead of an increase in tariffs on Chinese merchandise, overshadowing a broad rise in exports.
Global stock markets, bonds rally in expectation of rate cuts
Record low bond yields in Europe and the expectation of further interest rate cuts by central banks worldwide helped push global stock market indices higher Wednesday as the benchmark U.S. S&P 500 hit another record high.
U.S. trade deficit at five-month high; labor market slowing
The U.S. trade deficit jumped to a five-month high in May as imports of goods increased, likely as businesses restocked ahead of an increase in tariffs on Chinese merchandise, overshadowing a broad rise in exports.
U.S. trade deficit surges to five-month high as imports soar
The U.S. trade deficit jumped to a five-month high in May as imports of goods increased, likely as businesses restocked ahead of an increase in tariffs on Chinese merchandise, eclipsing a broad rise in exports.
S&P 500 set to open at record high on rising rate cut hopes
The S&P 500 index was set to open at a record high on Wednesday, bolstered by rising bets of an interest rate cut as global benchmark bond yields fell to new lows on growth fears.
Tesla shares jump as record deliveries ease demand concerns
Tesla Inc shares opened nearly 7% higher on Wednesday after Chief Executive Officer Elon Musk made good on his promise of delivering record number of electric cars in the second quarter, quelling fears about demand for its sedans and SUVs.
Europe rallies as bond yields drop to new lows
Investors returned to bonds on Wednesday, setting off another slide in benchmark debt yields, amid fears of a global trade war and recession, bets central banks will cut interest rates and falling oil prices.
