JD.com shares jump on upbeat sales performance
JD.com Inc, China’s second largest e-commerce firm, reported a 22.4 percent jump in quarterly sales on Thursday, beating estimates on the back of robust retail sales and sending its U.S.-listed shares up 13.8 percent in pre-market trade.
U.S. jobless claims rise; continuing claims at 10-month high
The number of Americans filing applications for jobless benefits increased more than expected last week and the number of people on unemployment rolls increased to a 10-month high, suggesting some slowing in the labor market.
U.S. economic growth slows less than expected in fourth quarter
The U.S. economy slowed less than expected in the fourth quarter amid solid consumer and business spending, leaving 2018 growth just shy of the Trump administration’s 3 percent annual target.
Uber, Lyft to offer drivers shares in stock market listing: WSJ
Ride-hailing firms Uber and Lyft plan to offer cash bonuses to some of their most-active or longest-serving drivers and the option to put them into shares from their stock market launches, the Wall Street Journal reported on Thursday.
J.C. Penney beats same-store sales forecasts, shares surge 20 percent
J.C. Penney’s comparable-store sales fell at a lower pace than expected, as the department store chain sold more jewelry and apparel during the key holiday shopping season.
J.C. Penney beats same-store sales estimates, shares up 24 percent
J.C. Penney’s comparable-store sales fell at a lower pace than expected, as the department store chain sold more jewelry and apparel during the key holiday shopping season.
Stock futures weak as Trump-Kim summit ends abruptly; GDP data in focus
U.S. stock index futures edged lower on Thursday after a U.S.-North Korea summit ended abruptly in Vietnam and ahead of a fourth-quarter report on U.S. gross domestic product.
Future Retail secures deal to open 7-Eleven stores in India
U.S.-based 7-Eleven Inc expects to open its first branded store in India this year, after reaching a deal with Future Retail Ltd to run the chain in the Asian nation.
Celgene slumps as Bristol-Myers shareholder resists merger
Shares of Celgene Corp dived 8 percent on Thursday after a major shareholder in Bristol-Myers Squibb Co came out against a $74 billion merger that would be the pharmaceutical world’s biggest ever takeover.
Sunrise challenges Swisscom with $6.3 billion deal for Liberty Global’s assets
Switzerland’s Sunrise Communications is buying U.S. cable giant Liberty Global’s local assets in a $6.3 billion deal to bolster its position against Swisscom, the country’s dominant mobile and internet provider.
