Wall Street opens flat as growth worries linger, trade talks in focus
U.S. stocks opened flat on Thursday following a recent run of gains, as lack of fresh developments on trade talks with China and worries about global economic growth kept risk appetite in check.
U.S. weekly jobless claims fall to lowest level since 1969
The number of Americans filing applications for unemployment benefits fell to a more than 49-year low last week, pointing to sustained labor market strength despite slowing economic growth.
Tesla’s junk bond slammed on car deliveries miss; CDS cost surges
The price for Tesla Inc’s $1.8 billion junk bond fell by the most in seven months and the cost to insure its debt against default surged on Thursday after a bigger-than-expected drop in first-quarter deliveries.
Deutsche Bank bans staff from Dorchester hotels after Brunei implements homosexuality laws
Deutsche Bank has banned its staff from staying in hotels of the Brunei-owned Dorchester Collection, following the Sultanate’s decision to implement Islamic laws that would allow death by stoning for adultery and homosexuality.
JPMorgan’s Dimon says bad mortgage rules hindering growth of U.S. economy
JPMorgan Chase & Co Chief Executive Jamie Dimon said on Thursday bad mortgage rules were hindering the growth of the U.S. economy and called for swift reforms.
Trump says U.S. economy strong despite ‘destructive actions’ by Fed
President Donald Trump on Thursday said the U.S. economy was very strong despite what he said were “unnecessary and destructive actions” taken by the U.S. Federal Reserve, his latest attack on the nation’s independent central bank.
Ethiopia urges Boeing to review controls, backs pilots
Ethiopian investigators urged Boeing to review its flight control technology and said pilots of state carrier Ethiopian Airlines had carried out proper procedures in the first public findings on the crash of a 737 MAX jet that killed 157 people.
Tesla shares skid after first-quarter deliveries disappoint
Tesla Inc shares fell 11 percent on Thursday after a bigger-than-expected drop in first-quarter deliveries, led by waning demand for its luxury Model S and X vehicles, added to worries about the electric-car maker’s finances.
Rage within the machine: Brexit headline blizzard overloads FX algos
Brexit is so confusing it’s even confounding the robots.
Constellation tops sales, profit estimates on Corona, Modelo strength
Constellation Brands Inc on Thursday reported quarterly sales and profit well above analysts’ estimates, as the brewer sold more of its popular Corona and Modelo beers, sending its shares up about 3 percent before the bell.
