Wall Street seesaws higher after comments by Fed’s Powell
Wall Street rose in a seesaw session on Thursday, tentatively on track for its fifth straight day of gains as investors responded to mixed comments by Federal Reserve Chairman Jerome Powell, while a warning from Macy’s pummeled retail stocks.
Stocks rise for fifth straight day as the Fed supports
An index of world stock markets rose on Thursday as worries over the lack of clear signs of a resolution to the U.S.-China trade spat were offset by an assurance by Federal Reserve Chairman Jerome Powell that the U.S. central bank has the ability to be…
Renault, Nissan boards get investigation updates before expected new Ghosn indictment
The boards of Renault and Japanese partner Nissan met on Thursday for an update on ongoing investigations surrounding alleged financial misconduct by alliance boss Carlos Ghosn, both companies said.
Germany’s Bosch to pay $131 million to settle U.S. diesel emissions claims
German auto supplier Robert Bosch GmbH [ROBG.UL] will pay around $131 million to settle claims from Fiat Chrysler Automobiles NV U.S. diesel owners and resolve all investigations by 47 U.S. state attorneys general into its involvement with diesel vehic…
Investors ask how the Bezos divorce will affect Amazon
Amazon.com Inc shares seesawed on Thursday as investors questioned how the impending divorce of company founder Jeff Bezos would affect his control of the most valuable company on Wall Street and its ambitious expansion plans.
Court says Amazon ‘Dash’ buttons violate German law
A German court ruled on Thursday that Amazon’s thumb-sized ordering devices known as “Dash” buttons do not give sufficient information about the product ordered or its price, breaking consumer protection legislation.
Ghosn’s Renault lieutenant drew extra salary via holding: documents
One of Renault boss Carlos Ghosn’s senior executives received an additional six-figure salary unknown to the carmaker’s board via the Dutch joint venture overseeing its alliance with Nissan , according to sources and documents seen by Reuters.
Wall Street inches lower on Powell’s comments, retail weakness
U.S. stocks edged lower on Thursday after Federal Reserve Chairman Jerome Powell said the central bank would continue unwinding its balance sheet, adding to weakness in the markets under pressure from a retail selloff.
Exclusive: Brazil telecom Oi hires BofA Merrill Lynch to sell some assets: sources
Brazilian telecoms carrier Oi SA has hired Bank of America Merrill Lynch to sell noncore assets such as cellphone towers and data centers, two people with knowledge of the matter said on Thursday.
Investor Browder asks France to investigate Danske in Magnitsky case
Bill Browder, founder and CEO of investment fund Hermitage Capital Management, said on Thursday he had asked French authorities to investigate Danske Bank over alleged money laundering, rather than treating it as a witness.
