U.S. inflation much softer in first quarter; puts spotlight on Fed
U.S. inflation was much weaker than initially thought in the first quarter amid a sharp slowdown in domestic demand, which could cast doubts on the Federal Reserve’s view that the benign price pressures were largely because of temporary factors.
Rogers vice chairman calls for banning Huawei from Canada’s 5G network: Bloomberg
Canadian telecom provider Rogers Communications Inc’s vice chairman, Philip Lind, said on Thursday that Huawei Technologies Co should be banned from Canada’s 5G network, Bloomberg reported.
U.S. dollar stores warn of tariff hit after reporting upbeat sales
Two of America’s largest dollar store chains warned on Thursday that rising tariffs due to escalating trade tensions between Washington and Beijing would hit U.S. shoppers, after reporting strong quarterly sales that sent their shares up about 6%.
GM to invest $24 mln in Fort Wayne plant, boost pickup production
General Motors Co said on Thursday it would invest $24 million to increase truck production at its assembly plant in Fort Wayne, Indiana, which makes Chevrolet Silverado and GMC Sierra models.
JPMorgan’s deposit growth slowing as customers seek higher yield
Deposit growth at JPMorgan Chase & Co, the largest U.S. bank by assets, is slowing as customers withdraw some of their money and stash it with competing banks that pay higher interest rates, a bank executive said Thursday.
Britain may not have made final decision on Huawei and 5G: Bolton says
Britain may not have made a final decision on allowing China’s Huawei a restricted role in building parts of its 5G network, U.S. President Donald Trump’s national security adviser John Bolton said on Thursday.
Wall St. pauses after trade tension-driven selloff
U.S. stocks rose for the first time this week on Thursday, as President Donald Trump said trade talks with China were going well, offering a glimmer of hope to markets roiled by worries that a protracted dispute would slow economic growth.
Equities advance after week-long selloff, bond yields steady
World stock markets climbed for the first time this week on Thursday, giving pause to a multiday selloff on fears of an escalating trade war between the United States and China that has pushed investors into safe-haven bonds and the U.S. dollar.
Trump, May to discuss Chinese firm Huawei in London next week: British official
U.S. President Donald Trump and British Prime Minister Theresa May will discuss Chinese technology company Huawei Technologies and the effort to build a fifth generation cellular network during the U.S. leader’s visit to London next week, a British off…
HBSC to cut hundreds of jobs by year-end: source
HSBC is set to cut several hundred jobs in its investment banking business by the end of the year, according to a source familiar with the matter, as it seeks to improve returns.
