Wall Street set to open higher after selloff
Wall Street was set to open slightly higher on Thursday, taking a breather from a trade tension-driven selloff that has knocked more than 5% off the value of major stock indexes since the start of May.
Mexico to send USMCA trade deal to Senate for ratification
Mexico’s government will send the trade deal known as the United States-Mexico-Canada Agreement (USMCA) to the Senate on Thursday to carry out the process of ratification, President Andres Manuel Lopez Obrador said.
U.S. weekly jobless claims increase slightly
The number of Americans filing applications for unemployment benefits increased moderately last week, suggesting the labor market remains on solid footing even as the economy is slowing.
U.S. first-quarter GDP growth revised slightly down to 3.1%
U.S. economic growth accelerated in the first quarter, the government confirmed on Thursday, but there are signs that the temporary boost from exports and inventory accumulation is already fading, with production at factories slowing.
Dollar Tree quarterly same-store sales at namesake brand miss estimates
Dollar Tree Inc on Thursday reported quarterly same-store sales at its namesake stores that missed analysts’ estimates, sending its shares down 4%.
Intesa Sanpaolo agrees with unions on 1,600 voluntary job layoffs
Italian biggest retail bank Intesa Sanpaolo reached an agreement with five banking unions for 1,600 voluntary layoffs, unions said on Thursday
Exclusive: Tesla woes send Panasonic’s U.S. solar cells to Philippines
Most of the solar cells made by Panasonic at Tesla Inc’s New York manufacturing plant are being purchased by H.R.D. Singapore’s factories in the Philippines, a chief supplier of panels to Japanese eco-homebuilder Ichijo Co Ltd, two sources familiar wit…
FirstGroup reaches end of the line of Greyhound bus ride
Dallas-based Greyhound was put up for sale by Britain’s FirstGroup on Thursday as the North American bus line battles to compete with growing pressure from low cost airlines.
Global stocks steady, yields bounce, metals melt again
Markets saw a modest rebound in risk appetite on Thursday, as traders took a break from selling beaten-down stocks and pumping money into safe-haven bonds and the dollar.
Commerzbank could be fined over late strategy disclosure: Handelsblatt
Germany’s financial watchdog Bafin could fine Commerzbank, business daily Handelsblatt reported, adding the lender may have been late in informing markets of a strategic overhaul three years ago.
