Oil prices rise as U.S. stockpiles drop, OPEC agrees meeting date
Oil prices rose over 1 percent on Thursday as official data showed U.S. crude stocks fell more than expected and as OPEC and other producers finally agreed a date for a meeting to discuss output cuts.
Trump believes he has authority to demote Fed’s Powell: Bloomberg
U.S. President Donald Trump believes that he has the authority to replace Federal Reserve Chair Jerome Powell and demote him to be a board governor, but is not planning to do so presently, Bloomberg reported on Wednesday, citing people familiar with th…
Airbus seals deals with big buyers, following Boeing’s MAX sale
Airbus sealed deals with big buyers for its latest passenger jet at the Paris Airshow on Wednesday, battling back a day after a surprise order by British Airways’ owner for rival Boeing’s grounded 737 MAX jet.
Delta Air facing technical issue with flight bookings, check-ins
Delta Air Lines Inc on Wednesday said it was addressing a technical problem that has affected travelers’ ability to book, check-in and board planes, resulting in delays.
Exclusive: T-Mobile prepares for Boost auction if Dish Network talks stall – sources
T-Mobile US Inc is preparing an alternative plan if a deal to sell wireless assets to Dish Network Corp falls through, according to two sources familiar with the matter.
Oracle rises on strong quarterly forecast driven by licenses, cloud services
Oracle Corp on Wednesday forecast current-quarter profit above estimates, as the business software maker benefited from demand for its on-premise IT, cloud services and license support businesses, sending its shares up as much as 7% in extended trading…
Dell, HP, Microsoft, Intel oppose proposed tariffs on laptops, tablets
Dell Technologies Inc, HP Inc, Microsoft Corp and Intel Corp on Wednesday opposed U.S. President Donald Trump’s proposal to include laptop computers and tablets among the Chinese goods targeted for tariffs.
What changed for the Fed in seven weeks? Trade risks top the list
On May 1, the Federal Reserve viewed the American economy as having a solid footing and risks to the outlook were muted.
U.S. bond market’s inflation gauges rise as Fed hints at rate cuts
The U.S. bond market’s gauges of investors’ inflation views climbed on Wednesday as the Federal Reserve signaled it may lower interest rates later this year to counter slowing global growth and sluggish domestic inflation.
Papa John’s to invest $80 million in marketing, U.S. franchisees
Papa John’s International Inc, which has been struggling to boost sales, said on Wednesday it would spend $80 million to boost its brand image and support its franchisees in the United States from the third quarter of fiscal year 2019.
