U.S. auto sales seen slipping 2.1% in May: J.D. Power, LMC Automotive
U.S. auto sales are expected to drop 2.1% in May from the year-ago period, as higher prices keep buyers at bay, according to industry consultants J.D. Power and LMC Automotive.
Strong labor market boosts U.S. consumer confidence
Consumer confidence jumped in May as households grew more upbeat about the labor market, suggesting the economy remained on solid ground despite signs that activity was slowing after being temporarily boosted by exports and a build-up of inventories.
Walmart taps ex-Google, Amazon employee as new chief technology officer
Walmart Inc appointed Suresh Kumar, a former employee of Alphabet Inc-owned Google and Amazon.com Inc, as its new chief technology officer as it tries to fuel an internal tech transformation and boost its e-commerce business.
Wall St. propped up by gains in technology shares
U.S. stocks rose slightly on Tuesday, propped up by a rise in technology stocks, but the likelihood of a protracted trade war between the United States and China kept investors on edge.
Goldman Sachs names executives in Asia, New York to top committee
Goldman Sachs Group Inc named three new executives to its management committee, the co-presidents of the bank’s Asia Pacific region and its global treasurer, according to a memo sent by bank leaders on Tuesday.
Tech gains keep Wall Street afloat
U.S. stocks eked out gains on Tuesday, helped by technology stocks, but the likelihood of a protracted trade war between the United States and China kept investors on the sidelines.
Global stocks weighed down by concerns over trade, Italian budget
Early gains in benchmark U.S. indexes faded and global stock markets retreated Tuesday as concerns about Italy’s budget and the fate of U.S.-China trade talks continued to weigh on investor sentiment, pushing safe haven U.S. Treasury yields to their lo…
Huawei holds on to No. 2 smartphone spot in first quarter: report
Chinese telecom company Huawei held on to its spot as the world’s second biggest smartphone vendor in the first quarter, before being blacklisted by the United States, research and advisory firm Gartner said.
Huawei holds on to No. 2 smartphone spot in first quarter: report
Chinese telecom company Huawei held on to its spot as the world’s second biggest smartphone vendor in the first quarter, before being blacklisted by the United States, research and advisory firm Gartner said.
MSC, CMA CGM to board Maersk’s shipping blockchain platform
Mediterranean Shipping Co (MSC) and CMA CGM, two of the world’s biggest container shipping groups, are to join market leader Maersk in a blockchain platform aimed at limiting a costly paper trail in the industry.
