U.S. shutdown hangs over airlines even as profits beat
Three major U.S. airlines posted quarterly profits on Thursday that beat Wall Street expectations thanks to healthy passenger demand, but the carriers said the U.S. government partial shutdown was disruptive.
No-deal Brexit would cost Ford up to $1 billion: source
Ford faces a bill of up to $1 billion if Britain leaves the European Union without a deal, comprising World Trade Organization tariffs and the impact of a weaker pound, a person familiar with the company’s plans said on Thursday.
Stocks weak, bonds up after ECB, U.S.-China trade talk
A global stock index clung to gains on Thursday and U.S. Treasuries were in demand after the European Central Bank chief said economic growth was likely to be weaker than previously expected and the United States was cautious on prospects for a trade d…
Chipmakers, airlines lift Nasdaq; trade worries stall S&P, Dow
A rally in shares of chipmakers and airlines lifted the Nasdaq on Thursday, while the Dow Jones industrials and the S&P 500 wavered due to concerns about the Sino-U.S. trade dispute and the longest U.S. government shutdown ever.
U.S. labor market remains strong, economy slowing
The number of Americans filing applications for unemployment benefits fell to more than a 49-year low last week, but the drop likely overstates the health of the labor market as claims for several states including California were estimated.
Harvard, Levi Strauss, U.S. think tank in blockchain tie-up on worker welfare
Harvard University’s public health graduate school, U.S. think-tank New America, and American apparel company Levi Strauss & Co announced on Thursday a collaboration to develop a blockhain-based system designed to augment outside auditors of factory health and safety with self-reporting by workers.
Audi to cut $17 billion from costs by 2022: Manager Magazin
Volkswagen’s premium brand Audi wants to cut costs by 15 billion euros ($17 billion) by 2022, Germany’s Manager Magazin business monthly reported on Thursday, citing Audi executives.
Poland set to exclude China’s Huawei from 5G plans
Poland is set to exclude Huawei from its future 5G network in favour of European players following the arrest of an employee from the Chinese telecoms company on suspicion of spying, officials and industry sources say.
American Airlines, Southwest profits beat on strong travel demand
American Airlines and Southwest Airlines Co on Thursday posted fourth-quarter profits and 2019 forecasts that beat Wall Street expectations thanks to healthy passenger demand and easing investor concerns about slower global economic growth.
Draghi comments at ECB press conference
The European Central Bank left its policy stance unchanged as expected on Thursday, keeping a rate hike later this year on the table even as the euro zone economy suffers its biggest slowdown in half a decade.
