S&P 500 hits record high as Fed signals rate cuts
The S&P 500 index touched an all-time high on Thursday, after the Federal Reserve indicated that it could cut interest rates as early as July to combat growing risks to global and domestic growth.
U.S. labor market on solid ground; manufacturing struggling
The number of Americans filing applications for unemployment benefits fell more than expected last week, pointing to underlying labor market strength despite a sharp slowdown in job growth in May.
Fed rate-cut signal sends stocks surging, wounds yields, dollar
World stock markets surged 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.
Factbox: Airbus and Boeing aircraft deals at Paris Airshow
Following is a summary of commercial aircraft deals announced by Airbus and Boeing at the Paris Airshow.
Domino’s to replace CEO with Europe chief: Sky News
Domino’s Pizza Group Plc is expected to replace Chief Executive Officer David Wild with its European head, Sky News reported on Thursday.
JetBlue orders 13 Airbus A321XLR, 10 A220: sources
JetBlue Airways plans to order 13 of Airbus’s newly launched A321XLR longer-range single-aisle jetliners as well as 10 more of the smaller A220, industry sources said on Thursday.
Apple says U.S. tariffs on China to hurt global competitiveness
Apple Inc said proposed U.S. tariffs on goods from China, including iPhones, iPads, and Macs, will reduce the company’s contributions to the U.S. economy and hurt its global competitiveness.
Goldman slashes Tesla price target by $42 on demand concerns
Goldman Sachs on Thursday cut its price target on Tesla Inc by 21%, to third lowest on the Street, on concerns about the sustainability of demand for the electric car maker’s models.
S&P 500 hits all-time high as Fed signals rate cuts
The S&P 500 index hit a record high on Thursday, after the Federal Reserve indicated that it could cut interest rates as soon as next month to offset growing risks to global and domestic growth.
Renault will vote to back Nissan’s move to give it boardroom seats
French carmaker Renault, which is looking to preserve and strengthen its alliance with Nissan, said it would vote in favor of a move by Nissan to grant Renault’s representatives a seat on the committees of the Nissan board.
