Wall Street regains lost ground as trade optimism offsets bleak retail data
U.S. stocks recovered from declines triggered by bleak retail data to trade flat on Thursday, as investors focused on signs of progress in the ongoing U.S.-China trade talks.
New York mayor: Amazon ‘threw away opportunity’
New York Mayor Bill de Blasio criticized Amazon.com Inc for walking away from a plan to establish a headquarters in the city in the face of political opposition, saying the company “threw away” an opportunity and failed to work with the community.
Amazon to New York City: Fuggedaboutit!
Amazon.com Inc will not move forward with plans to build a headquarters in New York after rising opposition from local politicians, one of the world’s most valuable companies said in a statement on Thursday.
Billionaire Bollore to leave Vivendi’s board on April 15
Billionaire Vincent Bollore, Vivendi’s number one controlling shareholder, will leave the media giant’s board in April in a sign that he is further withdrawing from his businesses, the Paris-based company said on Thursday.
Xcelerate to sell third-party warranties for EVs including Teslas
Auto leasing and financing company Xcelerate said on Thursday it has launched the first U.S. third-party extended warranties for electric vehicles, including those of market leader Tesla Inc, filling a void for used vehicles that have so far lacked suc…
Wall St. skids as bleak retail sales data clouds trade optimism
U.S. stocks fell on Thursday, led by declines in consumer and bank shares, after bleak retail data fanned concerns about retailer earnings and led to increased bets of interest rate cuts, with losses capped by optimism over Sino-U.S. trade talks.
Top U.S. trade envoys to meet China’s Xi, no decision on deadline extension
The Trump administration’s top two negotiators in trade talks with China will meet on Friday with Chinese President Xi Jinping, but there has been no decision to extend a March 1 U.S. deadline for a deal, White House economic adviser Larry Kudlow said …
‘Robo-adviser’ Wealthfront launches cash account
Wealthfront, one of the largest digital wealth management firms known as “robo-advisers”, said on Thursday it is expanding its suite of financial products by introducing a cash account with a rate on deposits of 2.24 percent, significantly higher than …
Eskom split to minimize risks to South Africa, Ramaphosa says
South African President Cyril Ramaphosa said his plan to divide struggling state power firm Eskom into three units would minimize risks to the economy, as a fifth day of power cuts hurt businesses and drove the rand to a six-week low on Thursday.
Mexico’s Pemex, after downgrade, will make all debt payments: Lopez Obrador
Mexican state oil firm Pemex will make all its debt payments, President Andres Manuel Lopez Obrador said on Thursday, promising to shore up its finances after Moody’s and Fitch downgraded its credit rating to one notch above junk.
