Wall Street opens lower as Broadcom warning hits tech stocks
U.S. stocks opened lower on Friday, weighed down by technology stocks, as the long-feared hit to global growth from President Donald Trump’s trade war crystallized in slashed sales forecast from chipmaker Broadcom.
Local labor laws apply to Ryanair employees: Belgian court
Belgium’s labor laws can apply to Ryanair employees based in the country, a local court ruled on Friday, in a case that could set a precedent elsewhere in Europe and upholds a 2018 agreement reached between the airline and Belgian unions.
Rising oil prices add to global economic strife
Escalating tension in the Middle East is driving up oil prices, a huge import cost for many economies, putting more strain on global growth already hurt by the trade war being waged by U.S. President Donald Trump and weakening consumer confidence.
U.S. retail sales rise solidly in May; April data revised up
U.S. retail sales increased in May and sales for the prior month were revised higher, suggesting a pick-up in consumer spending that could ease fears the economy was slowing down sharply in the second quarter.
Wall Street to open lower on Broadcom warning, Chinese gloom
Wall Street was set to drop at the open on Friday, as the long-feared hit to global growth from President Donald Trump’s trade war crystallized in slashed sales forecast from chipmaker Broadcom, and more signs of slowdown in Chinese industry.
Take Five: The Fed and the rest
With President Donald Trump’s trade policies heightening fears of a U.S. recession, expectations of a Fed rate cut have dramatically increased in the past month. Money market pricing became even more aggressive after Federal Reserve Chair Jerome Powell…
Broadcom’s $2 billion warning shocks global chip sector
LONDON/BENGALURU – Broadcom Inc sent a shockwave through the global chipmaking industry on Friday with its forecast that U.S.-China trade tensions and the ban on doing business with Huawei Technologies would knock $2 billion off the company’s sales th…
Norwegian Air expects Boeing 737 MAX fleet to remain grounded until end of August
Norwegian Air expects Boeing’s 737 MAX aircraft to remain grounded until at least the end of August, missing the European summer season, CEO Bjoern Kjos said on Friday.
United States suspends WTO intellectual property litigation against China
The United States has halted a World Trade Organization dispute over China’s treatment of intellectual property rights until Dec. 31, the WTO dispute panel hearing the case said in a statement published on Friday.
Stock futures drop on Broadcom warning, Chinese gloom
U.S. stock index futures dropped on Friday, as the long-feared hit to global growth from President Trump’s trade war crystallized in slashed sales forecasts from chipmaker Broadcom, and signs of the worst slowdown in Chinese industry in 17 years.
