ECB action sends stocks lower as dollar strengthens
A gauge of global stock markets retreated on Thursday while the U.S. dollar rose, as the European Central Bank postponed interest rate hikes to 2020 and launched a fresh round of cheap loans to banks in an effort to rejuvenate the euro zone economy.
Netflix chief marketing officer to leave
Netflix Inc said on Thursday Chief Marketing Officer Kelly Bennett will step down after seven years in the role, during which the online video-streaming giant’s paid subscribers jumped five-fold to 139 million.
Explainer: Huawei faces slim odds in new U.S. court fight
Huawei Technologies Co Ltd has opened up a new front in its battle with the U.S. government by filing a lawsuit challenging a congressional ban on federal agencies’ use of the Chinese technology company’s products.
Exclusive: SEC scrutinizes fairness of stock exchange pricing
The U.S. Securities and Exchange Commission is investigating whether the multi-tiered pricing system used by stock exchanges favors large brokers at the expense of small ones, according to a person familiar with the matter.
Boeing jets could be part of broad U.S.-China trade deal: CEO
Purchases of U.S.-made Boeing Co aircraft by China could be part of a sweeping deal currently being negotiated to end the months-long trade war between Washington and Beijing, Boeing’s top executive said on Thursday.
Wall Street slips for fourth day after dovish ECB stance
Wall Street dropped for the fourth day on Thursday, led by financial stocks, after the European Central Bank (ECB) decided to launch a fresh round of cheap loans to revive the eurozone economy and defer interest rate hikes to at least next year.
U.S. senators offer resolution backing Canada on Huawei CFO
The Republican and Democratic leaders of the U.S. Senate Foreign Relations Committee introduced legislation on Thursday backing Canada’s handling of Huawei Technologies Chief Financial Officer Meng Wanzhou, as the United States seeks her extradition.
Exclusive: U.S. EPA aims to curb biofuel credit speculation by blocking outsiders
The Environmental Protection Agency will attempt to stamp out speculation in the U.S. biofuel credit market by barring trading by non-industry players, publicizing large positions, and improving price transparency, a source familiar with the agency’s p…
Airbnb buys HotelTonight in deeper expansion into hotel-booking business
Home-renting company Airbnb has bought HotelTonight, an app for finding hotel rooms at a discount, as it wades deeper into the hotel-booking business to attract a wider variety of travelers ahead of a hotly anticipated initial public offering.
Marriott CEO apologizes for data breach, unsure if China responsible
Marriott International Inc Chief Executive Arne Sorenson apologized on Thursday before a U.S. Senate panel for a massive data breach involving up to 383 million guests in its Starwood hotels reservation system and vowed to protect against future attack…
