With inflation elusive, two Fed policymakers lay out a welcome mat
Worried that current low inflation expectations will sap the U.S. central bank’s ability to combat a future downturn, two Federal Reserve officials on Thursday made an unusual pitch: if inflation rises unexpectedly, the Fed should lay out the welcome m…
Huawei ban clouds U.S.-China trade talks, tech sector
A U.S. bid to block China’s Huawei Technologies from buying vital American technology threw into question prospects for sales at some of the largest tech companies and drew a sharp rebuke from Beijing, further ratcheting up tensions over trade.
Boeing says has completed software update for 737 MAX jets
Boeing Co said on Thursday it had completed a software update for its 737 MAX jets, which have been grounded worldwide since March after they were involved in two fatal crashes.
Oil prices rise more than 1% as Middle East conflict persists
Oil futures were up more than 1% on Thursday as tensions in the Middle East grew, with a Saudi-led coalition launching air strikes in retaliation for recent attacks on its crude infrastructure.
Wall St. advances as earnings, economic data beat expectations
Wall Street extended its rally in afternoon trading on Thursday as upbeat earnings and strong economic data put investors in a buying mood, with technology companies leading the charge.
Fed may not be able to engineer higher inflation: Kashkari
The Federal Reserve should not cut interest rates unless there is hard data signaling economic weakness ahead, Minneapolis Fed President Neel Kashkari said on Thursday, and should not rely on a rate cut to try to kickstart a healthier level of inflatio…
Bayer confident of appeals of glyphosate weed killer court defeats: executive
Bayer AG is confident its appeals of recent court rulings that its glyphosate weed killer Roundup caused cancer will be successful, a senior executive said on Thursday, amid a steep selloff of the company’s shares this week.
Factbox: U.S. executives warn consumers will pay for Trump’s tariffs
Some executives from U.S. companies that sell clothing, food and other products warn that costs related to the latest round of tariffs on goods from China will be passed along to consumers in the form of higher prices.
U.S. commerce secretary says Huawei order effective Friday: interview
U.S. Commerce Secretary Wilbur Ross said on Thursday that an order blacklisting Chinese telecoms giant Huawei Technologies Co Ltd will go into effect on Friday.
China warns U.S. move against Huawei could hurt trade talks
The Trump administration’s decision to sanction and potentially cripple Chinese telecoms giant Huawei Technologies Co Ltd garnered a sharp rebuke on Thursday from Beijing, which warned that the move could damage trade talks.
