Fed rate-cut hints power S&P 500 to all-time high
A rally on Wall Street lost strength on Thursday after the S&P 500 index touched a record high, powered by the Federal Reserve’s signals that it could cut interest rates as early as July to combat growing risks to global and domestic growth.
Global stocks jump; dollar and yields fall after Fed rate-cut signal
World stock markets gained on Thursday, with the U.S. benchmark S&P 500 hitting a record high, while the 10-year U.S. Treasury yield fell below 2% as investors digested a signal from the Federal Reserve of potential U.S. interest rate cuts as soon as its next meeting.
Apple recalls certain older MacBook Pro units
Apple Inc said on Thursday it would recall a limited number of 15-inch MacBook Pro units as their batteries are susceptible to overheating and pose a “fire safety risk”.
Apple, Keurig Dr Pepper, Dollar Tree press U.S. to drop China tariff plan
Apple Inc, Keurig Dr Pepper Inc and Dollar Tree Inc have joined other companies in their opposition to a Trump administration plan for more U.S. tariffs on Chinese goods, including iPhones, Macbooks, and single-serve coffee brewers.
Airbus demands chance to bid for IAG’s surprise Boeing 737 MAX order
Airbus called on Thursday for a chance to compete for a blockbuster plane order by British Airways owner IAG, which stunned industry executives at this week’s Paris Airshow by ordering 200 of Boeing’s grounded 737 MAX.
Factbox: What is Slack?
Slack Technologies Inc, whose instant messaging app has taken workplaces by storm, went public via a direct listing on June 20, instead of the more popular initial public offering route.
Explainer: U.S.-China trade talks – where they are and what’s at stake
U.S. President Donald Trump and Chinese President Xi Jinping agreed this week to meet at the G20 summit in Japan in late June to discuss how to end a nearly year-long trade war.
Domino’s looks to replace CEO Wild with Europe chief: Sky News
Domino’s Pizza Group Plc is looking to replace Chief Executive Officer David Wild with the head of its European business, Sky News reported on Thursday, sending its shares as much as 12% higher.
Slack surges 50% in unusual listing, grabs $23 billion valuation
Shares of Slack Technologies Inc surged 50 percent in their debut through a direct listing on Thursday, giving the workplace messaging app owner a valuation of about $23 billion.
Oil jumps 5% on Iran tension, potential U.S. fed rate cut
Oil soared more than 5% on Thursday after Iran shot down a U.S. military drone, raising fears of a military confrontation between Tehran and Washington.
